Global Electrical Insulating Varnish for Vehicle Motor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrical Insulating Varnish for Vehicle Motor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Electrical Insulating Varnish for Vehicle Motor market finds that the global Electrical Insulating Varnish for Vehicle Motor market reached a value of USD 186.38 million in 2022. It’s expected that the market will achieve USD 1257.35 million by 2028, exhibiting a CAGR of 37.46% during the forecast period.

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.

Key Companies in the global Electrical Insulating Varnish for Vehicle Motor market covered in Chapter 3:

Kyocera
Hitachi Chemical
Zhejiang Rongtai Technical Industry Co., Ltd.
AEV Ltd
Industrial Summit Technology Corporation
Von Roll Holding AG
Axalta Coating Systems
KREMPEL GmbH
Elantas
NITTO DENKO CORPORATION

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2029 is primarily split into:

Polyamide Imide
Polyimide
Modified Polyesterimide

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrical Insulating Varnish for Vehicle Motor market from 2018 to 2029 covers:

Electrical Vehicle
Hybrid Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)