Impregnating resins Market | Exactitude Consultancy Reports
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Impregnating resins Market by Form (Solventless, Solvent based), by Type (Phenol formaldehyde, Urea formaldehyde, Melamine formaldehyde), by Application (Motors and generators, Home appliances, Transformers, Automotive components), and Region, Global trends and forecast from 2022 to 2029
The impregnating resins market is expected to grow at 6.6% CAGR from 2022 to 2029. It is expected to reach above USD 2.48 Billion by 2029 from USD 1.49 Billion in 2020.
In terms of market share for impregnating resins in 2021, the solvent-based sector accounted for 46% of the total. They are better suited for supporting supplementary insulation. Alkyl, polyester amide, and epoxy resins based on monomers are included in these resin formulations. In order to quickly and thoroughly impregnate rotating machinery and equipment, solvent-based impregnating resins are typically utilised. The outstanding strength and stability, ease of application, and processability of solvent-based impregnation, as well as at-room-temperature impregnation, are some of the benefits that contribute to this segment’s rapid market expansion. A macroporous resin that has been impregnated with a solvent or an organic liquid termed an extractant is referred to as a solvent-based impregnated resin and is sold commercially. One of the main reasons for the segment’s market growth in the Impregnating Resins market during the forecast period is the benefits associated with solvent-based impregnating resins.
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