Market Overview:
The global resin for electrical insulation 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 electrical equipment and electronic products, and the growing awareness about the benefits of using resin-based insulation systems. The global resin for electrical insulation market is segmented on the basis of type into liquid resin and powder resin. The liquid resins segment is expected to account for a larger share of the market than powder resins during the forecast period. This can be attributed to their superior properties such as thermal stability, chemical resistance, and dielectric strength as compared to powder resins. On the basis of application,the global resin for electrical insulation market is divided into three segments:electrical equipment, electronic products,and others (including medical devices and transportation).
Product Definition:
A resin is a material that can be used to coat and protect electrical wiring, providing insulation against electric current. The resin also helps to prevent corrosion of the wires.
Liquid Resin:
Liquid resin is a thermosetting polymer that contains at least one free-flowing component in the form of an organic liquid. It can be either synthetic or natural in origin, but most commonly it is synthetic. Liquid resins are used to manufacture various products such as coatings, adhesives and sealants, composites, and others which include flooring & roofing tiles among others.
Powder Resin:
Powder resin is a thermosetting polymer that contains fine particles of thermoplastic matrix. It is produced by heating plastic powder in the presence of catalysts or crosslinking agents at elevated temperatures. The most commonly used catalysts are sulfur, phosphorus and nitrogen compounds along with other rare earth metals like cerium, yttrium and dysprosium.
Application Insights:
Electrical equipment was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. Increasing demand for resin-based coatings from various electrical equipment manufacturers, such as power generation plants and utility companies, is anticipated to drive the market growth.
Resins are used in electronic applications including printed circuit boards (PCB), semiconductors, capacitors & inductors, transformers insulation etc. They provide thermal resistance against heat generated by components of electronic devices which results in improved durability of these devices over their life span. Electronic products are generally small in size; therefore they require less material during manufacturing process compared to their counterparts which further reduces product cost resulting ein higher profit margin for manufacturers.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to rising product demand from various end-use industries, such as electrical & electronics, automotive, and others. China emerged as a major consumer in this region owing to easy availability of raw materials coupled with cheap labor cost.
The industry in Europe has been witnessing moderate growth due to stringent government regulations regarding energy efficiency along with rising awareness about environment protectionism. However, growing production base for electrical equipment & devices across Eastern European countries including Russia is anticipated to boost product demand over the forecast period.
North America accounted for more than 20% share of global revenue in 2017 on account of high consumption volume from U.S.
Growth Factors:
- Increasing demand from the electrical and electronics industry
- Rising demand for lightweight and durable insulation materials
- Growing popularity of resin-based insulation in renewable energy applications
- Technological advancements in resin-based insulation systems
- Proliferation of smart grids and electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin for Electrical Insulation Market Research Report
By Type
Liquid Resin, Powder Resin
By Application
Electrial Equipment, Electronic, Others
By Companies
Dupont, 3M, Hexion, Polin Kimya San. Tic. A.Ş., Sumitomo Bakelite Company Limited, Silkor Ltd, S.E. Special Engines Srl, TDK, ELANTAS, Axalta Coating Systems, Dupont, KREMPEL GmbH, COLTECH, Hitachi, Toray
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Resin for Electrical Insulation Market Report Segments:
The global Resin for Electrical Insulation market is segmented on the basis of:
Types
Liquid Resin, Powder Resin
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
Electrial Equipment, Electronic, Others
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:
- Dupont
- 3M
- Hexion
- Polin Kimya San. Tic. A.Ş.
- Sumitomo Bakelite Company Limited
- Silkor Ltd
- S.E. Special Engines Srl
- TDK
- ELANTAS
- Axalta Coating Systems
- Dupont
- KREMPEL GmbH
- COLTECH
- Hitachi
- Toray
Highlights of The Resin for Electrical Insulation 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:
- Liquid Resin
- Powder Resin
- By Application:
- Electrial Equipment
- Electronic
- Others
- 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 Resin for Electrical Insulation 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
- Identifying Appropriate Advertising Appeals
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?
Resin is a type of insulation that is made from a resin and an adhesive. The resin forms a barrier between the electrical wires and the object or surface that it's being applied to, preventing electricity from passing through.
Some of the major companies in the resin for electrical insulation market are Dupont, 3M, Hexion, Polin Kimya San. Tic. A.Åž., Sumitomo Bakelite Company Limited, Silkor Ltd, S.E. Special Engines Srl, TDK, ELANTAS, Axalta Coating Systems, Dupont, KREMPEL GmbH, COLTECH, Hitachi, Toray.
The resin for electrical insulation 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 Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resin for Electrical Insulation 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 Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size & Forecast, 2018-2028
4.5.1 Resin for Electrical Insulation Market Size and Y-o-Y Growth
4.5.2 Resin for Electrical Insulation Market Absolute $ Opportunity
Chapter 5 Global Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Type
5.2.1 Liquid Resin
5.2.2 Powder Resin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Applications
6.2.1 Electrial Equipment
6.2.2 Electronic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resin for Electrical Insulation 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 Resin for Electrical Insulation 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 Resin for Electrical Insulation Analysis and Forecast
9.1 Introduction
9.2 North America Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Type
9.6.1 Liquid Resin
9.6.2 Powder Resin
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 Resin for Electrical Insulation Market Size Forecast by Applications
9.10.1 Electrial Equipment
9.10.2 Electronic
9.10.3 Others
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 Resin for Electrical Insulation Analysis and Forecast
10.1 Introduction
10.2 Europe Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Type
10.6.1 Liquid Resin
10.6.2 Powder Resin
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 Resin for Electrical Insulation Market Size Forecast by Applications
10.10.1 Electrial Equipment
10.10.2 Electronic
10.10.3 Others
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 Resin for Electrical Insulation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Type
11.6.1 Liquid Resin
11.6.2 Powder Resin
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 Resin for Electrical Insulation Market Size Forecast by Applications
11.10.1 Electrial Equipment
11.10.2 Electronic
11.10.3 Others
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 Resin for Electrical Insulation Analysis and Forecast
12.1 Introduction
12.2 Latin America Resin for Electrical Insulation 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 Resin for Electrical Insulation Market Size Forecast by Type
12.6.1 Liquid Resin
12.6.2 Powder Resin
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 Resin for Electrical Insulation Market Size Forecast by Applications
12.10.1 Electrial Equipment
12.10.2 Electronic
12.10.3 Others
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) Resin for Electrical Insulation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Resin for Electrical Insulation 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) Resin for Electrical Insulation Market Size Forecast by Type
13.6.1 Liquid Resin
13.6.2 Powder Resin
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) Resin for Electrical Insulation Market Size Forecast by Applications
13.10.1 Electrial Equipment
13.10.2 Electronic
13.10.3 Others
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 Resin for Electrical Insulation Market: Competitive Dashboard
14.2 Global Resin for Electrical Insulation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dupont
14.3.2 3M
14.3.3 Hexion
14.3.4 Polin Kimya San. Tic. A.Ş.
14.3.5 Sumitomo Bakelite Company Limited
14.3.6 Silkor Ltd
14.3.7 S.E. Special Engines Srl
14.3.8 TDK
14.3.9 ELANTAS
14.3.10 Axalta Coating Systems
14.3.11 Dupont
14.3.12 KREMPEL GmbH
14.3.13 COLTECH
14.3.14 Hitachi
14.3.15 Toray
