What is Wire Enamels Market?
Wire enamels are applied on copper and aluminum wires of round and flat, with the help of heat. It acts as primary electric insulation. These treated wires are called magnet wires or enameled wires. These wires are widely used in various industries for different applications such as transformers, generators, motors, and electric measuring instruments. The primary purpose of wire enamels is to reduce the chances of short circuits, which helps in extending the life of wires. Moreover, it also offers thermal and chemical resistance along with improved mechanical stability.
Highlights from Wire Enamels Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Brocott UK (United Kingdom), Hi-Wire Limited (United Kingdom), Scott Precision Wire Limited (United Kingdom), Axalta Coating Systems, LLC, Inc. (United States), Altana AG (Germany), Superior Essex Inc. (United States), Kyocera Corporation (Japan), Hitachi-Chem Ltd. (Japan), Huber Group (Germany) and Elektrisola (Germany) |
Brocott UK (United Kingdom), Hi-Wire Limited (United Kingdom), Scott Precision Wire Limited (United Kingdom), Axalta Coating Systems, LLC, Inc. (United States), Altana AG (Germany), Superior Essex Inc. (United States), Kyocera Corporation (Japan), Hitachi-Chem Ltd. (Japan), Huber Group (Germany) and Elektrisola (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Bawa Polymer (India) and YSB International Incorporation (India). Wire Enamels Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Copper Wires, Aluminum Wires and Others |
Type | Polyurethane Wire Enamels, Polyesterimide Wire Enamels, Polyester Wire Enamels, Polyamide-imide Wire Enamels and Others |
Industry Vertical | Electrical & Electronics,Aerospace and Defense,Automotive,Transportation,Manufacturing,Others |
Sales Channel | Direct,Indirect |
On the basis of geography, the market of Wire Enamels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Wire Enamels Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Demand from the Electronics and Semiconductors Industry
- Technological Advancement and Growth in Applications in Automotive, Industrial, Transportation, Home Appliance, and Manufacturing Industries
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Restraints | - Fluctuating Cost of Raw Material Cost
- Environmental Regulations Regarding the Use of Harmful Chemicals
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Road Blocks / Challenges | - Availability of Substitutes at Low Costs
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Gaps & Opportunities | - Increase in the Usage of Wire Enamels In Power Generation Applications
- Technological Developments in Material Technology
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Key Target Audience
Wire Enamels Manufacturers, Raw Material Suppliers, Distributors/Exporters/Importers, Chemical Manufacturing Companies, End-Use Industry and Others
Market Leaders & Development Strategies
On March 15, 2021, Axalta, has entered into a definitive agreement to acquire Anhui Shengran Insulating Materials Co., Ltd., a leading Chinese producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications.
On June 15, 2017, Axalta Coating Systems, a leading global supplier of liquid and powder coatings, had launched Voltalube, a new line of lubricants. Voltalube is designed to ensure excellent wire winding in electric motors, generators, and transformers, and to reduce the risk of wire breaks during the production process.