The global market of electrical insulation varnish is anticipated to witness a significant growth over the projection period. Wide application of insulating varnishes and impregnation resins for manufacturing of electrical appliances, that work on the principle of electromagnetic induction, including sensors, generators, transformers, and engines, is expected to create a huge demand and high growth opportunity for the market in coming years. However, varnish is a liquid insulator that glues and coats the wires together when cured. Impregnating resins and insulating varnishes are vital components of today’s generator, motor, and transformer products. They enhance the mechanical integrity, strengthens dielectric and thermal conductivity properties, while also secure the insulation system from external environmental factors. Moreover, electrical insulating varnish can also be described as primary or secondary insulation relying on its impregnation. A rise in demand for electric devices across the globe is expected to create a high growth opportunity for the global electrical insulating varnish market in the near future.
Varnish offers a number of advantages by improving the structural integrity and EIS or electrical insulation system thermal stability of the winding. Impregnating resin and varnish manufacturers that produce Recognized Component Varnish (OBOR₂) certification benefit by offering their customers a product that enables them an easier and faster process of using and adding these products in generators, coils, motors, and transformers. Further down, electrical insulating varnishes consist of thermosetting resins including alkyd resin and epoxy ester. Increase in an application of electricalinsulating varnish in electrical devices such as transformers, sensors, generators, and motors to ensure proper electrical insulation is expected to drive the market demand throughout the projection period. Moving forward, in recent years, rising demand for fuel-efficient electric vehicles (EV) and hybrid electric vehicle (HEV) is surging the growth of the global electrical insulating varnish market. In addition to this, increasing use of insulating varnish in automotive motors, in-order to resist both heat and Automatic Transmission Fluid (ATF), further makes the market demanding in various automotive industries.
Major applications of electrically insulating varnish mentioned in the report include sensors, transformers, electric tools, automobile, motors, home appliance, and others. Moreover, based on the product the market has been divided wire enamels, impregnation varnish, silicon insulating varnish, coating varnish, bonding varnish, and others. In addition to this, the global electrical insulating varnish market is further segmented by a method of application that includes vacuum pressure impregnation (VPI) method, trickle impregnation method, and dip and flood impregnation method. The global electrical insulating varnish market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East, and Africa and Latin America.
Among the other regions, the Asia-Pacific region holds the largest share of the global electrical insulation varnish market followed by North-America. Presence of a huge number of electronic manufacturing companies coupled with the surge in demand for electric hybrid vehicles in countries such as Japan, China, and South Korea is propelling the growth of the Asia-Pacific electrical insulation varnish market.
Some of the major players in the global electrical insulation varnish market include Nitto Denko Corporation, Fupao Chemical, DongFang Insulating, Taihu Electric, Spanjaard Limited, Von Roll Holding AG, Momentive Performance Materials, Inc., Elantas, Hitachi Chemical, Kyocera, and few others likely to be named.
Global Electrical Insulating Varnish Market: By Product
Global Electrical Insulating Varnish Market: By Application
Global Electrical Insulating Varnish Market: By Method of Application
Global Electrical Insulating Varnish Market: By Geography