Market Overview:
The global insulation varnish market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for insulation varnish from various end-use industries, such as motors, transformers, home appliances, electric tools, automobiles and others. In addition, the growing awareness about the benefits of using insulation varnish is also contributing to the growth of this market. Based on type, impregnating varnish accounted for a major share of the global insulation varnish market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high performance and superior properties compared with other types of insulation varnishes available in the market. Finishing Varnish is another key type segmented in this market and is projected grow at a CAGR 6%.
Product Definition:
Insulation varnish is a type of varnish used to coat the inside of metal pipes and fittings to prevent corrosion. It is also used as an electrical insulation coating on wires and cables.
Impregnating Varnish:
Imperinating growth of the global insulation varnish market, increasing demand for high-performance thermal coatings in various industries such as power generation and oil & gas is expected to drive the global imperating varnish market over the forecast period.
The growing construction industry coupled with rising demand from emerging economies such as India.
Finishing Varnish:
Finishing varnish is a type of paint used to give the desired texture and appearance to the surface of an object. It can be applied in various thicknesses for different effects. The most commonly used methods are brush, spray, and roller. Finishing varnish is also known as clear finishing or glazing varnish; it usually contains pigments that absorb light frequencies outside the visible spectrum which makes objects look glossy or wet from a distance.
Application Insights:
The motors segment led the global insulation varnish market in 2017 and is anticipated to witness significant growth over the forecast period. Motors are an integral part of machinery, which comprises electrical equipment. The demand for insulation varnishes for motor applications is expected to increase on account of rising product demand from various industries including automotive, construction and electronics among others.
Insulation varnishes are used as a protective coating over transformers that help in preventing electricity leakage and facilitate efficient heat transfer from one medium to another resulting in increased transformer efficiency.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from end-use industries such as motors, transformers, home appliances, electric tools and automobiles.
The growing manufacturing sector in emerging economies of India, China and Indonesia coupled with increasing foreign investments is anticipated to drive industry expansion over the next eight years. In addition, favorable government policies for promoting domestic production are likely to boost demand for insulation varnishes in APAC during the same period.
Europe accounted for a significant share owing to stringent regulations regarding energy consumption by various industrial sectors including manufacturing facilities of automotive companies along with power transformers used by them at their plants/factory premises or within their own cities/towns. This factor was majorly responsible for regional market growth during 2017 - 2030 time frame.
Growth Factors:
- Increasing demand for insulation varnish in the construction industry as a result of growing awareness about the benefits of using insulation varnish over traditional methods such as thermal insulation and weatherproofing.
- Rising demand from end-use industries such as automotive, aerospace, and marine due to the increasing use of insulating coatings in these industries to improve performance and reduce weight.
- Growing demand for energy-efficient homes and buildings due to rising concerns about global warming and climate change, which is expected to lead to an increase in the adoption of insulation varnish products across residential and commercial sectors.
- Technological advancements that have led to the development of new formulations of insulation varnishes that are more efficient and provide better thermal protection than traditional products, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulation Varnish Market Research Report
By Type
Impregnating Varnish, Finishing Varnish
By Application
Motors, Transformers, Home Appliance, Electric Tools, Automobile, Other
By Companies
AEV, Elantas, Hitachi Chemical, Von Roll, Kyocera, Axalta, Nitto, Momentive, Spanjaard, Schramm Holding, AEV, Xianda, RongTai, Taihu Electric, Better, Jiaxing Qinghe Gaoli, JuFeng, Dongfang Insulating
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Insulation Varnish Market Report Segments:
The global Insulation Varnish market is segmented on the basis of:
Types
Impregnating Varnish, Finishing Varnish
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motors, Transformers, Home Appliance, Electric Tools, Automobile, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AEV
- Elantas
- Hitachi Chemical
- Von Roll
- Kyocera
- Axalta
- Nitto
- Momentive
- Spanjaard
- Schramm Holding
- AEV
- Xianda
- RongTai
- Taihu Electric
- Better
- Jiaxing Qinghe Gaoli
- JuFeng
- Dongfang Insulating
Highlights of The Insulation Varnish Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Impregnating Varnish
- Finishing Varnish
- By Application:
- Motors
- Transformers
- Home Appliance
- Electric Tools
- Automobile
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insulation Varnish Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Insulation varnish is a type of paint that is used to coat surfaces to prevent heat loss or gain. It can also be used as a sealant for cracks and other openings in the wall or ceiling.
Some of the key players operating in the insulation varnish market are AEV, Elantas, Hitachi Chemical, Von Roll, Kyocera, Axalta, Nitto, Momentive, Spanjaard, Schramm Holding, AEV, Xianda, RongTai, Taihu Electric, Better, Jiaxing Qinghe Gaoli, JuFeng, Dongfang Insulating.
The insulation varnish market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Insulation Varnish Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Insulation Varnish Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Insulation Varnish Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Insulation Varnish Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Insulation Varnish Market Size & Forecast, 2020-2028
4.5.1 Insulation Varnish Market Size and Y-o-Y Growth
4.5.2 Insulation Varnish Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Impregnating Varnish
5.2.2 Finishing Varnish
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Motors
6.2.2 Transformers
6.2.3 Home Appliance
6.2.4 Electric Tools
6.2.5 Automobile
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Insulation Varnish Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Insulation Varnish Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Impregnating Varnish
9.6.2 Finishing Varnish
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Motors
9.10.2 Transformers
9.10.3 Home Appliance
9.10.4 Electric Tools
9.10.5 Automobile
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Impregnating Varnish
10.6.2 Finishing Varnish
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Motors
10.10.2 Transformers
10.10.3 Home Appliance
10.10.4 Electric Tools
10.10.5 Automobile
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Impregnating Varnish
11.6.2 Finishing Varnish
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Motors
11.10.2 Transformers
11.10.3 Home Appliance
11.10.4 Electric Tools
11.10.5 Automobile
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Impregnating Varnish
12.6.2 Finishing Varnish
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Motors
12.10.2 Transformers
12.10.3 Home Appliance
12.10.4 Electric Tools
12.10.5 Automobile
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Impregnating Varnish
13.6.2 Finishing Varnish
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Motors
13.10.2 Transformers
13.10.3 Home Appliance
13.10.4 Electric Tools
13.10.5 Automobile
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Insulation Varnish Market: Competitive Dashboard
14.2 Global Insulation Varnish Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AEV
14.3.2 Elantas
14.3.3 Hitachi Chemical
14.3.4 Von Roll
14.3.5 Kyocera
14.3.6 Axalta
14.3.7 Nitto
14.3.8 Momentive
14.3.9 Spanjaard
14.3.10 Schramm Holding
14.3.11 AEV
14.3.12 Xianda
14.3.13 RongTai
14.3.14 Taihu Electric
14.3.15 Better
14.3.16 Jiaxing Qinghe Gaoli
14.3.17 JuFeng
14.3.18 Dongfang Insulating
