Market Overview:
The global insulating 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 in industrial transformers, reactors, motors, and other applications. In terms of type, the solvent-based insulating varnish segment is expected to lead the global market during the forecast period. This can be attributed to its properties such as high dielectric strength and chemical resistance. In terms of application, the industrial transformer segment is expected to lead the global market during the forecast period.
Product Definition:
Insulating Varnish is a type of varnish that is used to protect electrical wiring and other components from short circuits and corrosion. It is applied in a thin coat over the surface of the component, and helps to prevent the passage of electricity through the component. This can help to improve safety and extend the life of the component.
Solvent:
Solvent is any liquid that can be used to coat or fill a cavity, and it's most commonly used in the coating of wood. It helps the varnish adhere more securely to the wood surface. Solvents are also known as thinners or wetting agents. They help reduce water absorption and increase film formation on the wood surface which results in better adhesion of varnish thereby increasing its shelf life.
Non-solvent:
Non-solvent is a product that does not contain any solvents. It is also known as dry or clean non-solvent. The major application of non-solvent in the paints and coatings industry is to provide an additional layer of protection against moisture, which would otherwise get absorbed by the solvent during its operation.
Application Insights:
The demand for the global insulating varnish market is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to its rising application in industrial transformers, reactors, motors and other equipment. The product has emerged as one of the most popular choices for insulation applications in power plants and nuclear stations across the globe due to its superior characteristics over other products such as polyurethane or glass fiber reinforced plastic.
Insulated electrical equipment plays an important role in maintaining reliable operations at power plants and nuclear stations since these installations operate on high voltage levels that would otherwise cause damage if exposed directly to human skin. This factor is projected to drive demand for insulating varnishes over the forecast period along with growing concerns about electricity costs among manufacturers around the world coupled with increasing government focus on energy-efficient technologies used within industrial facilities globally.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, large-scale production of transformers and reactors, motors, other equipment for power generation and various other applications. China is one of the major markets in this region as it exports a large number of products owing to high demand from domestic manufacturers.
Europe accounted for more than 25% share in 2016 on account of rising demand from several end-use industries including electronics, automotive & transportation equipment etc. In addition Europe has been witnessing cold weather conditions since last few years which results into low consumption levels for heating systems or electric blankets used by households due to lower energy expenditure; thus resulting into sluggish growth for insulation varnishes across this region during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products: The global insulating varnish market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for energy-efficient and environment-friendly products.
- Rising construction spending in developing countries: The growth of the construction industry in developing countries is expected to drive the demand for insulating varnish over the forecast period.
- Growing use of insulation materials in electrical equipment: Insulation materials are increasingly being used in electrical equipment due to their ability to reduce heat loss and improve performance. This is likely to boost the demand for insulating varnish over the next few years.
- Technological advancements: The development of new technologies that offer better insulation properties is projected to fuel the growth of this market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulating Varnish Market Research Report
By Type
Solvent, Non-solvent
By Application
Industrial Transformers, Reactors, Motors, Other
By Companies
KYOCERA, Harman Bawa Pvt. Ltd., The Altana Group, Gem Insulation House LLP, SI Group, AEV Limited, Super Urecoat Industries
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Insulating Varnish Market Report Segments:
The global Insulating Varnish market is segmented on the basis of:
Types
Solvent, Non-solvent
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
Industrial Transformers, Reactors, Motors, 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:
- KYOCERA
- Harman Bawa Pvt. Ltd.
- The Altana Group
- Gem Insulation House LLP
- SI Group
- AEV Limited
- Super Urecoat Industries
Highlights of The Insulating 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:
- Solvent
- Non-solvent
- By Application:
- Industrial Transformers
- Reactors
- Motors
- 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 Insulating 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
- 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?
Insulating varnish is a type of paint that is used to protect wood from moisture and other elements. It can also help to keep the wood looking its best.
Some of the major companies in the insulating varnish market are KYOCERA, Harman Bawa Pvt. Ltd., The Altana Group, Gem Insulation House LLP, SI Group, AEV Limited, Super Urecoat Industries.
The insulating varnish market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insulating Varnish Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Insulating Varnish Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulating Varnish Market - Supply Chain
4.5. Global Insulating Varnish Market Forecast
4.5.1. Insulating Varnish Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulating Varnish Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulating Varnish Market Absolute $ Opportunity
5. Global Insulating Varnish Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Insulating Varnish Market Size and Volume Forecast by Type
5.3.1. Solvent
5.3.2. Non-solvent
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulating Varnish Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Insulating Varnish Market Size and Volume Forecast by Application
6.3.1. Industrial Transformers
6.3.2. Reactors
6.3.3. Motors
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulating Varnish Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Insulating Varnish Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Insulating Varnish Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Insulating Varnish Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Insulating Varnish Demand Share Forecast, 2019-2026
9. North America Insulating Varnish Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Insulating Varnish Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Insulating Varnish Market Size and Volume Forecast by Application
9.4.1. Industrial Transformers
9.4.2. Reactors
9.4.3. Motors
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulating Varnish Market Size and Volume Forecast by Type
9.7.1. Solvent
9.7.2. Non-solvent
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Insulating Varnish Demand Share Forecast, 2019-2026
10. Latin America Insulating Varnish Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Insulating Varnish Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Insulating Varnish Market Size and Volume Forecast by Application
10.4.1. Industrial Transformers
10.4.2. Reactors
10.4.3. Motors
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulating Varnish Market Size and Volume Forecast by Type
10.7.1. Solvent
10.7.2. Non-solvent
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Insulating Varnish Demand Share Forecast, 2019-2026
11. Europe Insulating Varnish Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Insulating Varnish Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Insulating Varnish Market Size and Volume Forecast by Application
11.4.1. Industrial Transformers
11.4.2. Reactors
11.4.3. Motors
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulating Varnish Market Size and Volume Forecast by Type
11.7.1. Solvent
11.7.2. Non-solvent
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Insulating Varnish Demand Share, 2019-2026
12. Asia Pacific Insulating Varnish Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Insulating Varnish Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Insulating Varnish Market Size and Volume Forecast by Application
12.4.1. Industrial Transformers
12.4.2. Reactors
12.4.3. Motors
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulating Varnish Market Size and Volume Forecast by Type
12.7.1. Solvent
12.7.2. Non-solvent
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Insulating Varnish Demand Share, 2019-2026
13. Middle East & Africa Insulating Varnish Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Insulating Varnish Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Insulating Varnish Market Size and Volume Forecast by Application
13.4.1. Industrial Transformers
13.4.2. Reactors
13.4.3. Motors
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulating Varnish Market Size and Volume Forecast by Type
13.7.1. Solvent
13.7.2. Non-solvent
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Insulating Varnish Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulating Varnish Market: Market Share Analysis
14.2. Insulating Varnish Distributors and Customers
14.3. Insulating Varnish Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KYOCERA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Harman Bawa Pvt. Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Altana Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gem Insulation House LLP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SI Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AEV Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Super Urecoat Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
