Market Analysis and Insights: Global Electrical Insulating Varnish Market

Electrical insulating varnish are used to ensure electrical devices, including motors, generators, transformers, sensors and other devices that function by electromagnetic induction, have the necessary electrical insulation and structural integrity for operation. Insulating varnishes and impregnating resins are almost always thermosetting resins such as epoxies or phenolics. This material is crosslinking when applied and therefore inherently strong, environmentally stable, impervious and durable.

Due to the COVID-19 pandemic, the global Electrical Insulating Varnish market size is estimated to be worth US$ 2284.7 million in 2022 and is forecast to a readjusted size of US$ 2797.5 million by 2029 with a CAGR of 2.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Wire Enamels accounting for % of the Electrical Insulating Varnish global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Motors segment is altered to an % CAGR throughout this forecast period.

Elantas, TOTOKU TORYO and AEV are the top 3 manufacturters of Electrical Insulating Varnish, with about 42% market shares.

Global Electrical Insulating Varnish Scope and Market Size

The global Electrical Insulating Varnish market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Electrical Insulating Varnish market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Wire Enamels

Impregnation Varnish

Other


Segment by Application


Motors

Transformers

Home Appliance

Electric Tools

Automobile

Other

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Elantas

Hitachi Chemical

Von Roll

Kyocera

Axalta

Superior Essex

TOTOKU TORYO

AEV

Spanjaard

Emtco

Xianda

RongTai

Taihu Electric

Jiaxing Qinghe Gaoli

JuFeng