Wire Enamels Market: Overview
Wire enamels are applied on round and flat wires made of copper and aluminum. Wire enamels are cured onto these wires with the help of heat. They act as primary electric insulation. Wires coated with wire enamels are called magnet wires or enameled wires. These wires are widely used in transformers, generators, motors, and electric measuring instruments. Wire enamels reduce the chances of short circuit, which helps in extending the life of wires. Wires can be coated with up to 30 layers of enamel. Wire enamels offer thermal and chemical resistance along with improved mechanical stability. Materials such as polyurethane, polyesterimide, and polyester are used to insulate copper and aluminum wires.
Wire Enamels Market: Trends & Developments
Rise in the demand for wire enamels for use in electronic applications and increase in the usage of these enamels in power generation applications are expected to drive the wire enamels market in the next few years. This is prompting companies to increase the production of wire enamel. Additionally, easy availability of raw materials required to manufacture wire enamels is anticipated to boost the market during the forecast period.
Technological advancements in wire enamels are increasing. Companies are striving to develop new and better methods to manufacture wire enamels. Development of new processes for the manufacture of wire enamels and rise in their utilization are expected to propel the market during the forecast period.
Wire Enamels Market: Key Segments
Based on type, the wire enamels market can be divided into polyurethane, polyesterimide, polyester, polyamide-imide, and others. Polyurethane wire enamels are employed in timers, relays, small transformers, small motors, and fly-back transformers due to their excellent solder-ability and good crazing and pin-hole resistance. Polyesterimide wire enamels possess outstanding thermal properties, which makes them a favorable electric insulation material for high-end applications. Polyesterimide enameled wires are extensively used for ballasts, explosion-proof motors, compressors, dry transformers, washing machine motors, and electric tools. The polyesterimide segment dominates the wire enamels market, due to extensive usage of polyesterimide enameled wires in industries such as power generation and electronics across the globe.
In terms of application, the wire enamels market can be segmented into aluminum wires, copper wires, and others. The copper wires segment dominates the global wire enamels market, due to extensive usage of copper wires in various end-use industries such as electronics, power generation, and energy transmission.
Wire Enamels Market: Regional Outlook
Based on geography, the global wire enamels market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific and North America are anticipated to constitute a major share of the global wire enamels market during the forecast period. The wire enamels market in Asia Pacific is projected to expand at a significant pace from 2018 to 2026, due to rise in the demand for wire enamels market for use in the electronics industry in the region. Europe is anticipated to be an attractive wire enamels market between 2018 and 2026, owing to increase in the demand for wire enamels market from the power generation industry in the region.
Wire Enamels Market: Key Players
Prominent players operating in the global wire enamels market include Axalta Coating Systems, LLC, Inc., ALTANA AG, Superior Essex Inc., and KYOCERA Corporation. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
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