Global Wire Enamels Market Overview:
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. Some of the players profiled in the study are 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).
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). If we see Market by Industry Vertical, the sub-segment i.e. Electrical & Electronics will boost the Wire Enamels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Wire Enamels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market 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
- Fluctuating Cost of Raw Material Cost
- Environmental Regulations Regarding the Use of Harmful Chemicals
- Increase in the Usage of Wire Enamels In Power Generation Applications
- Technological Developments in Material Technology
- Availability of Substitutes at Low Costs
Key Market Developments:
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.
Wire Enamels Manufacturers, Raw Material Suppliers, Distributors/Exporters/Importers, Chemical Manufacturing Companies, End-Use Industry and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Wire Enamels market on the basis of product [Polyurethane Wire Enamels, Polyesterimide Wire Enamels, Polyester Wire Enamels, Polyamide-imide Wire Enamels and Others] , application [Copper Wires, Aluminum Wires and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Wire Enamels market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Wire Enamels industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Bawa Polymer (India) and YSB International Incorporation (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Wire Enamels market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.