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Electrical Insulating Varnish Market

Fibrous materials like paper were utilized as prime insulation for inductor coils in earlier days. However, there are different issues pertaining to the use of these materials, specifically  their ability to offer protection from moisture and dust. The use of secondary insulation was initiated to advance the insulation properties. Secondary insulation can be defined as thinner layer applied on coils connected with wires, which is named as impregnation. Thus, the process of winding impregnation can be done with the help of secondary insulation to fill the spaces betwixt fibers. Generally, the primary insulation is also regarded as impregnated in the electrical and electronics industry, when all the gaps and spaces are filled using resin fibers.

In general, 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. Therefore, 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.

Electrical insulating varnishes include thermosetting resins including alkyd resin and epoxy ester. Over the period of past few years, the companies engaged in the production of different electric appliances are observing consistent growth in demand for their products. This is one of the prime factors generating the sales opportunities for vendors operating in the global electric insulating varnish market.

Major players operating in the electric insulating varnish market are focused on the development of the products that offer superior quality. As a result, the enterprises in the field are seen growing their money and time investments toward the research and development activities.

Introduction

Traditionally, fibrous materials such as paper were used as primary insulation on inductor coils. However, they carried various disadvantages related to protection from dust and moisture. In order to improve the insulation properties, a secondary insulation, which was thinner in layer, was used on coils assembled with wires. This is called impregnation. Thus, winding can be impregnated by using secondary insulation in order to fill the spaces between fibers. In the electrical & electronics industry, primary insulation is also considered as impregnated when all the spaces and gaps are filled by resin fibers. Electrical insulating varnish can be referred as primary insulation or secondary insulation depending on its impregnation. For example, it is referred as primary insulation when it is used for coating a bare conductor. However, it is referred as secondary insulation when applied to assembled windings of enameled wire. As majority of the end-users used to purchase enameled wire due to which secondary insulation is referred as insulating varnish which are majorly used in motors, transformers, generators, etc. Thus, electric insulating varnish is used to ensure that electrical devices such as sensors, transformers, motors, and generators are working by electromagnetic principle with proper electrical insulation for efficient operation. Electrical insulating varnishes have thermosetting resins such as epoxy ester and alkyd resin. Increase in demand for electric appliances across the regions is anticipated to drive the demand for electric insulating varnishes.

Market Segmentation:

Electrical insulating varnish is available in the liquid form. Electrical insulating varnish is applied by spraying, trickling, and brushing method. Based on method of application, the electrical insulating varnish market can be segmented into trickle impregnation method, Vacuum-Pressure impregnation (VPI) method, and dip and flood impregnation method. Based on type of varnishes, the electrical insulating varnish market can be divided into impregnating varnish and finishing varnishes. Trickle impregnation, dip and flood impregnation, and VPI methods are used to impregnate varnish. On the other hand, brushing and spraying methods are used to apply finishing varnishes. The major disadvantage related to the dip and flood impregnation method is that the coating is applied on unwanted parts of winding. The trickle impregnation method is advantageous, as it offers no drain loss, high retention & consistent quality. In terms of demand, the trickle impregnation method segment is anticipated to account for significant share of the market during the forecast period.

Based on application, the electrical insulating varnish market can be segregated into electric motors, transformers, and generators. The electric motors segment is expected to exhibit high growth rate compared to other applications. Electric motors are primarily used in various products such as household appliances, disk drives, and industrial fans. Increase in usage of all these products for industrial as well as residential purposes is anticipated to boost the demand for electrical insulating varnishes between 2017 and 2025.

Regional Outlook

Based on region, the electrical insulating varnish market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held key share of the electrical insulating varnish market in 2016. It is likely to continue to dominate the market during the forecast period. Presence of large number electronic manufacturing companies in countries such as China, Taiwan, Japan, and India is augmenting the demand for electrical insulating varnishes in Asia Pacific.

Market Players

Prominent players operating in the electrical insulating varnish market include Elantas (part of Altana Group), Hitachi Chemical Co., Ltd., KYOCERA Corporation, and Von Roll Holding AG. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electrical Insulating Varnish Market

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