According to the latest research, the global Electrical Insulating Varnish for Vehicle Motor market size was valued at USD 186.38 million in 2022 and is expected to expand at a CAGR of 37.46% during the forecast period, reaching USD 1257.35 million by 2028.
Varnish is a liquid insulator that coats the winding wires and glues the wires together when cured. If properly selected, this product provides a number of benefits by improving the Electrical Insulation System (EIS) thermal stability and structural integrity of the winding.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Europe (34.57% in 2021).
Company Overview:
Axalta Coating Systems is one of the major players operating in the Electrical Insulating Varnish for Vehicle Motor market, holding a share of 24.33% in 2020.
Axalta Coating Systems
Axalta Coating Systems Ltd. manufactures, markets, and distributes coating systems. The Company offers products and services which includes paint, color matching tools, application technologies, and customer training and business management systems. Axalta Coating Systems serves automotive, transportation, general industrial, and architectural and decorative sectors.
Hitachi Chemical
Hitachi Chemical Company, Ltd. manufactures and sells a wide range of chemical products which include materials for semiconductors and LCDs, industrial materials, and processed synthetic resins. The Company operates sales and manufacturing subsidiaries primarily in Southeast Asia.
Segmentation Overview:
By type, Polyamide Imide segment accounted for the largest share of market in 2021.
Polyamide Imide
Polyamide-imide (PAI) is a thermoplastic amorphous polymer prepared by the condensation of an aromatic diamine (such as methylene diamine) and an acid anhydride (such as trimellityl chloride). PAI has good mechanical, thermal, chemical resistance, high strength, melt processability and high heat capacity.
Polyimide
Polyimide (PI) is a high-performance polymer of imide monomers that contains two acyl groups (C = O) attached to nitrogen (N). These polymers are known for their high temperature performance in the 400-500 ° C range and their chemical resistance.
Modified Polyesterimide
Polyesterimide resins are usually composed of lower dialkyl esters of terephthalic acid or isophthalic acid, ethylene glycol, saturated aliphatic polyols with at least three hydroxyl groups, diamines and tricarboxylic anhydrides or tetracarboxylic acids Preparation of dianhydride reaction to form imide groups.
Application Overview:
By application, the Electrical Vehicle segment occupied the biggest share from 2017 to 2022.
Electrical Vehicle
Electric vehicles, also known as EVs, refer to the use of one or more electric motors or traction motors for propulsion. Electric vehicles can be powered by electricity from off-board power sources through a collection system, or they can convert fuel to electricity independently of batteries, solar panels or generators.
Hybrid Vehicle
Hybrid vehicle refers to a vehicle whose drive system is a combination of two or more single drive systems that can run simultaneously. The driving power of the vehicle is provided by the single drive system individually or jointly according to the actual driving conditions of the vehicle.
Generally speaking, the hybrid electric vehicle generally refers to a hybrid electric vehicle (Hybrid Electric Vehicle, HEV), which uses a traditional internal combustion engine (diesel or gasoline engine) and electric motor as the power source, and some engines have been modified to use other alternative fuels Examples include compressed natural gas, propane, and ethanol fuels.
This report elaborates on the market size, market characteristics, and market growth of the Electrical Insulating Varnish for Vehicle Motor industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Electrical Insulating Varnish for Vehicle Motor. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Electrical Insulating Varnish for Vehicle Motor Market Report Include:
Market Size Estimates: Electrical Insulating Varnish for Vehicle Motor market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Electrical Insulating Varnish for Vehicle Motor market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electrical Insulating Varnish for Vehicle Motor market
Segment Market Analysis: Electrical Insulating Varnish for Vehicle Motor market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Electrical Insulating Varnish for Vehicle Motor market situations and prospects in major and top regions and countries
Electrical Insulating Varnish for Vehicle Motor Market
Electrical Insulating Varnish for Vehicle Motor Industry Chain: Electrical Insulating Varnish for Vehicle Motor market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Electrical Insulating Varnish for Vehicle Motor Industry News, Policies by regions
Electrical Insulating Varnish for Vehicle Motor Industry Porters Five Forces Analysis
Key players in the global Electrical Insulating Varnish for Vehicle Motor market are covered in Chapter 2:
Zhejiang Rongtai Technical Industry Co., Ltd.
Industrial Summit Technology Corporation
NITTO DENKO CORPORATION
KREMPEL GmbH
Axalta Coating Systems
Hitachi Chemical
AEV Ltd
Elantas
Von Roll Holding AG
Kyocera
In Chapter 6 and Chapter 9, on the basis of types, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2028 is primarily split into:
Polyamide Imide
Polyimide
Modified Polyesterimide
In Chapter 7 and Chapter 10, on the basis of applications, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2028 covers:
Electrical Vehicle
Hybrid Vehicle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Electrical Insulating Varnish for Vehicle Motor market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Electrical Insulating Varnish for Vehicle Motor industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Electrical Insulating Varnish for Vehicle Motor market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Electrical Insulating Varnish for Vehicle Motor industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Electrical Insulating Varnish for Vehicle Motor market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Electrical Insulating Varnish for Vehicle Motor market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Electrical Insulating Varnish for Vehicle Motor market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Varnish is a liquid insulator that coats the winding wires and glues the wires together when cured. If properly selected, this product provides a number of benefits by improving the Electrical Insulation System (EIS) thermal stability and structural integrity of the winding.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Europe (34.57% in 2021).
Company Overview:
Axalta Coating Systems is one of the major players operating in the Electrical Insulating Varnish for Vehicle Motor market, holding a share of 24.33% in 2020.
Axalta Coating Systems
Axalta Coating Systems Ltd. manufactures, markets, and distributes coating systems. The Company offers products and services which includes paint, color matching tools, application technologies, and customer training and business management systems. Axalta Coating Systems serves automotive, transportation, general industrial, and architectural and decorative sectors.
Hitachi Chemical
Hitachi Chemical Company, Ltd. manufactures and sells a wide range of chemical products which include materials for semiconductors and LCDs, industrial materials, and processed synthetic resins. The Company operates sales and manufacturing subsidiaries primarily in Southeast Asia.
Segmentation Overview:
By type, Polyamide Imide segment accounted for the largest share of market in 2021.
Polyamide Imide
Polyamide-imide (PAI) is a thermoplastic amorphous polymer prepared by the condensation of an aromatic diamine (such as methylene diamine) and an acid anhydride (such as trimellityl chloride). PAI has good mechanical, thermal, chemical resistance, high strength, melt processability and high heat capacity.
Polyimide
Polyimide (PI) is a high-performance polymer of imide monomers that contains two acyl groups (C = O) attached to nitrogen (N). These polymers are known for their high temperature performance in the 400-500 ° C range and their chemical resistance.
Modified Polyesterimide
Polyesterimide resins are usually composed of lower dialkyl esters of terephthalic acid or isophthalic acid, ethylene glycol, saturated aliphatic polyols with at least three hydroxyl groups, diamines and tricarboxylic anhydrides or tetracarboxylic acids Preparation of dianhydride reaction to form imide groups.
Application Overview:
By application, the Electrical Vehicle segment occupied the biggest share from 2017 to 2022.
Electrical Vehicle
Electric vehicles, also known as EVs, refer to the use of one or more electric motors or traction motors for propulsion. Electric vehicles can be powered by electricity from off-board power sources through a collection system, or they can convert fuel to electricity independently of batteries, solar panels or generators.
Hybrid Vehicle
Hybrid vehicle refers to a vehicle whose drive system is a combination of two or more single drive systems that can run simultaneously. The driving power of the vehicle is provided by the single drive system individually or jointly according to the actual driving conditions of the vehicle.
Generally speaking, the hybrid electric vehicle generally refers to a hybrid electric vehicle (Hybrid Electric Vehicle, HEV), which uses a traditional internal combustion engine (diesel or gasoline engine) and electric motor as the power source, and some engines have been modified to use other alternative fuels Examples include compressed natural gas, propane, and ethanol fuels.
This report elaborates on the market size, market characteristics, and market growth of the Electrical Insulating Varnish for Vehicle Motor industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Electrical Insulating Varnish for Vehicle Motor. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Electrical Insulating Varnish for Vehicle Motor Market Report Include:
Market Size Estimates: Electrical Insulating Varnish for Vehicle Motor market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Electrical Insulating Varnish for Vehicle Motor market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electrical Insulating Varnish for Vehicle Motor market
Segment Market Analysis: Electrical Insulating Varnish for Vehicle Motor market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Electrical Insulating Varnish for Vehicle Motor market situations and prospects in major and top regions and countries
Electrical Insulating Varnish for Vehicle Motor Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Electrical Insulating Varnish for Vehicle Motor Industry Chain: Electrical Insulating Varnish for Vehicle Motor market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Electrical Insulating Varnish for Vehicle Motor Industry News, Policies by regions
Electrical Insulating Varnish for Vehicle Motor Industry Porters Five Forces Analysis
Key players in the global Electrical Insulating Varnish for Vehicle Motor market are covered in Chapter 2:
Zhejiang Rongtai Technical Industry Co., Ltd.
Industrial Summit Technology Corporation
NITTO DENKO CORPORATION
KREMPEL GmbH
Axalta Coating Systems
Hitachi Chemical
AEV Ltd
Elantas
Von Roll Holding AG
Kyocera
In Chapter 6 and Chapter 9, on the basis of types, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2028 is primarily split into:
Polyamide Imide
Polyimide
Modified Polyesterimide
In Chapter 7 and Chapter 10, on the basis of applications, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2028 covers:
Electrical Vehicle
Hybrid Vehicle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Electrical Insulating Varnish for Vehicle Motor market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Electrical Insulating Varnish for Vehicle Motor industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Electrical Insulating Varnish for Vehicle Motor market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Electrical Insulating Varnish for Vehicle Motor industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Electrical Insulating Varnish for Vehicle Motor market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Electrical Insulating Varnish for Vehicle Motor market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Electrical Insulating Varnish for Vehicle Motor market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.