Impregnating Resins Market Research Report- Forecast to 2025 - Vuki a.s. (Slovakia), Kyocera Corporation (Japan), Axalta Coating Systems (US), Von Roll Holding AG (Switzerland), Hitachi Chemical Co., Ltd. (Japan)
Market Overview As per the new report by Market Research Future (MRFR), the global impregnating resins market is set to experience immense growth backed by a lucrative CAGR during the forecast period (2016–2023). This strong growth is the result of various factors, which includes the increasing demand in electrical and electronics industry. Impregnating resins are also known as secondary insulation materials and are widely used in electric devices in order to provide electrical insulation and structural integrity for operation. Impregnating resins offer high mechanical stability, improved heat dissipation for copper windings and coils as well as protection from climate influences. Drivers and Challenges The global impregnating resins market is primarily fueled by growing demand in electrical and electronics industry, particularly electric motors and generators. Flourishing automotive industry backed by increasing production of electric vehicles has led to an increased demand for elec