The changing dynamics in Impregnating Resins Market with covid-19 impact assessment
June 09, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Impregnating Resins Market.
It was estimated prior to this unanticipated outbreak that the Impregnating Resins Market was expected to grow at a CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Impregnating Resins Market, request a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/779/impregnating-resins-market.html
Impregnating Resins are also known as materials for secondary insulation. These are mainly resins in liquid form that are diluted with the help of reactive thinners. These resins are known to cure the objects completely on which applied.
Impregnating Resins can be solvent-based, solventless, or many others. Motor, generators, transformers, home appliances, automotive components, and others are the areas where the impregnating resins are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Click here for description of the report:
https://www.stratviewresearch.com/779/impregnating-resins-market.html
Based on the type, the market is segmented as solvent-based, solventless, and others. The solventless segment is expected to hold the largest share of the market during the forecast period. The growth is due to their superior performance such as high reactivity, stability at room temperature, high resin film build, adaptability on any type of machine and process, and excellent technical properties when compared with other impregnating resins.
Based on the application type, the market is segmented as motors and generators, transformers, home appliances, automotive components, and others. The automotive components segment is estimated to be fast growing application segment during the forecast period. The growth of this segment is bolstered by the technological developments in the automotive industry. For instance, GM (model name: Bolt), Nissan (model name: Leaf), and Tesla Motors have successfully commercialized electric vehicles in the passenger car market.
In terms of regions, Europe is the major revenue generating region in the global impregnating resins market, driven by its large industrial base. APAC is fast growing impregnating resins market, across the world. The growth of the APAC’s impregnating resins market is owing to the increase and modernization of the transmission & distribution network and growing demand for electricity in the region. Furthermore, various initiatives undertaken by the governments of different countries of the region to attract investments from various international companies are also expected to drive the growth of the APAC’s impregnating resins market during the forecast period.
Key Players:
Some of the major players in the impregnating resins market are AEV, Axalta Coating Systems, Elantas, Hitachi Chemicals, 3M Company, Kyocera Corporation, Momentive, Von Roll Holdings, and Wacker Chemie.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Impregnating Resins Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.
Phone No. - +1-313-307-4176
Email - sales@stratviewresearch.com
Website - https://www.stratviewresearch.com/