Electrical Insulating Varnish Market (Updated Version Available)

Electrical insulating varnish are used to ensure electrical devices, including motors, generators, transformers, sensors and other devices that function by electromagnetic induction, have the necessary electrical insulation and structural integrity for operation. Insulating varnishes and impregnating resins are almost always thermosetting resins such as epoxies or phenolics. This material is crosslinking when applied and therefore inherently strong, environmentally stable, impervious and durable.
The market of Electrical Insulating Varnish is concentrated. Of the 2017 global market, the top 10 companies, all multinational, account for about 61.68% of sales. Elantas is by far the leader, with nearly 24.74% of the market. Over 100 companies account for the balance. As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the comming 5 years.
Electrical Insulating Varnish can be categorized as Wire Enamels, Impregnation Varnish etc. Wire Enamels is the major type of Wire Enamels with market share of 62.48% in 2017. Impregnation Varnish is organic varnishes & solventless resins are widely used in the insulation system of electrical machines for impregnation applications. Impregnation Varnish has experienced a higher growth rate in overall Electrical Insulating Varnish market with CAGR above 6 % for the past several years.
Main application of insulating varnishes is for electrical equipment such as motors, generators and transformers and to other electrical apparatus in general Grade CB, in most instances, gives maximum protection to the windings from moisture, oil, sea water, and other deleterious substances. As the economy recovers, the demand for electrical insulating varnish will continue to grow at a high rate.

The report offers detailed coverage of Electrical Insulating Varnish industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electrical Insulating Varnish by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Electrical Insulating Varnish market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Electrical Insulating Varnish market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Elantas
Hitachi Chemical
Von Roll
Kyocera
Axalta
Superior Essex
TOTOKU TORYO
AEV
Spanjaard
Emtco
Xianda
RongTai
Taihu Electric
Jiaxing Qinghe Gaoli
JuFeng

At the same time, we classify Electrical Insulating Varnish according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Wire Enamels
Impregnation Varnish
Other
Market by Application
Motors
Transformers
Home Appliance
Electric Tools
Other

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electrical Insulating Varnish market for the forecast period 2021 - 2025?
• What are the driving forces in the Electrical Insulating Varnish market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electrical Insulating Varnish industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?