Electrical Insulating Varnish Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Elantas, Hitachi Chemical, Von Roll, Kyocera

Registering a CAGR of 4.1% over the forecast period of 2022-2027, the global electrical insulating varnish market is anticipated to reach the market value of US$ 2712.2 million in the year 2027 from US$2208.9 million in the year 2021.

Electrical Insulating Varnish Market Overview

Varnishes are clear, hard, transparent and defending films. They are normally colourless but are also available with tints and added pigments. Varnish is a mixture of a drying oil, solvent, and resin.  Electrical insulating varnish is a primary or secondary type of insulation depending on impregnation procedure. To develop the insulation properties, a subordinate insulation which often is a thin layer of coating is used on loops gathered with wires. This process is called impregnation. Most of the consumers prefer enamelled wires and is mostly used in motors, generators, transformers, and electrical devices such as sensors, transformers, motors, and generators that work on electromagnetic principle.Also, growing use of insulating varnish in automotive motors for heat and Automatic Transmission Fluid (ATF) resistance shall further foster the demand for electrical insulating varnishes in various automotive industries.But, improper selection of varnishes results in having opposite results like thermal degradation and insulation failures which is likely to hinder the market growth.electrical insulating varnish is considered as a primary or secondary insulation on the basis of its impregnation. For instance, it can be utilized as primary insulation for bare conductor coating. On the other hand, electrical insulating varnish is employed as secondary insulation if it is utilized for assembled windings of enameled wire. So, the electric insulating varnish is utilized to make sure that the working of electrical devices including transformers, sensors, generators, and motors is done using electromagnetic principle with appropriate electrical insulation in order to achieve proficient working.

Industry News and Updates

March 22, 2021: Axalta Acquires Anhui Shengran Insulating Materials-- 

Axalta, a supplier of liquid and powder coatings, announced an agreement to acquire Anhui Shengran Insulating Materials Co., Ltd., a Chinese producer of wire enamels used in a range of consumer electronics, electric vehicle and industrial applications.

In August 2019, Axalta Coatings exhibited its wide range of liquid and powder coatings at the Electric and Hybrid Vehicle Technology Expo in Michigan.

What are the major Applications, Types and Regions for Electrical Insulating Varnish Market?

Electrical Insulating Varnish Market is segmented based on the type, applications, companies and regions.

By Type, Electrical Insulating Varnish Market has been segmented into 

• Wire Enamels


• Impregnation Varnish

By Application, Electrical Insulating Varnish Market has been segmented into   

• Motors


• Transformers


• Home Appliance


• Electric Tools


• Automobile

Electrical Insulating Varnish Market Regional Analysis

The report offers in-depth assessment of the growth and other aspects of the Electrical Insulating Varnish Market in important regions, including the 

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The market in North America, is expected to hold the second largest market share throughout the forecast period and further growth with a CAGR during the forecast period. The growth of the market in the region can be attributed to the increasing demand for electric motors from various end-use industries, along with the surge in sales of EVs in countries, such as the United States.

Electrical Insulating Varnish Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Electrical Insulating Varnish Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. 

What is our Electrical Insulating Varnish Market report scope?

Key Takeaways from this Electrical Insulating Varnish Report

• Evaluate Electrical Insulating Varnish market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electrical Insulating Varnish market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Electrical Insulating Varnish Market?

The Electrical Insulating Varnish Market is growing at a CAGR of 4.1% over the next 5 years.

Who are the key players in Electrical Insulating Varnish Market?

Elantas, Hitachi Chemical, Von Roll, Kyocera, Axalta, AEV, Nitto, Momentive, Spanjaard, Schramm Holding, Fupao Chemical, Xianda, RongTai, Taihu Electric, Better, Jiaxing Qinghe Gaoli, JuFeng, Dongfang Insulating

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.