According to Data Bridge Market Research new market report, global impregnating resins market will account to an estimated USD 1.5 billion in 2018 growing at a CAGR of 6.47% during the forecast period of 2019 to 2026.
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Impregnating resins which also known as secondary insulation materials is a liquid resins that get diluted with reactive thinner. They usually have high mechanical stability, provide protection from climate influences and improve the heat dissipation. They are widely used in generators, electric motors, and transformers. They provide protection to resin and improve heat transfer between wires wending, iron cores and slot insulations.
Global impregnating resins market is segmented on the basis of applications and geography.
By Form (Solventless, Solvent- Based, Others), Application (Motors & Generators, Home Appliances, Transformers, Automotive Components, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Recent development in the market
Key Market Competitors:
Few of the major competitors currently working in impregnating resins market are ALTANA, Axalta Coating Systems, LLC, Von Roll Holding AG, Hitachi Chemical Co, Ltd., 3M, KYOCERA Corporation, AEV Ltd, Momentive, VUKI a.s., Wacker Chemie AG, Aditya Birla Chemicals, GABRIEL and Robnor ResinLab Ltd.
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Global Impregnating Resins Market – Industry Trends and Forecast to 2026