The Impregnating Resins Market size is estimated at USD 1.58 billion in 2024, and is expected to reach USD 2.06 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic hindered market growth due to massive disruptions to global supply chain networks resulting from lockdowns, social distances, and trade sanctions. All major end-user industries witnessed a decline due to the halt in activities. However, the condition was expected to recover in 2021 and benefit the market during the forecast period.
The impregnating resins market is partially consolidated and consists of international and regional players. The top five players account for a notable share of the market. The major companies (not in any particular order) are Elantas GmbH, Henkel AG & Co. KGaA, Axalta Coating Systems, Huntsman International LLC, and 3M.
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