Wind Power Coating Market to witness astonishing Worldwide growth of US$ 760.0 Million by 2024 | Analysis by Key Players - Hempel, PPG, AkzoNobel, BASF, Jotun

The global Wind Power Coating Market is thoroughly analysed by covering major segments of the market. An in-depth market segmentation is covered below that reflects the vital elements included in the wearable gaming accessories market research report. According to market is projected to grow at a stellar CAGR during the period of assessment, 2019-2024.

Global Wind Power Coating Market overview:

The report of global Wind Power Coating Market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.

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With the slowdown in world economic growth, the Wind Power Coating industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Wind Power Coating market size to maintain the average annual growth rate of 0.0721450259009 from 360.0 million $ in 2014 to 510.0 million $ in 2019, Market analysts believe that in the next few years, Wind Power Coating market size will be further expanded, we expect that by 2024, The market size of the Wind Power Coating will reach 760.0 million $.

The Wind blades and towers are often subjected to corrosive and erosive environments owing to their placement amid harsh conditions on land and at sea. This can severely affect the overall efficiency of wind power equipment and result in reduced efficiency of the overall setup. These elements can also lead to a massive deterioration of the strength, reliability, lifespan, and economic value of Wind Power Coating structures. To avert this, a number of coating are applied on structure and components to protect them from the harsh environment.

The Global Wind Power Coating Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Wind Power Coating Market is sub segmented into Polymer Coating, Ceramic Coating, Metal Coating. Based on End Use Industry segment, the Wind Power Coating Market is sub segmented into Offshore Blades, Offshore Tower, Offshore Interior, Onshore Blades, Onshore Tower. Polymer coatings have excellent corrosion resistance, toughness, and durability, which makes these coatings a favorable choice for applications where the surface is prone to corrosion due to adverse environmental conditions.

As per the geographic analysis, APAC dominates the market for wind power coatings in terms of demand and revenue, followed by Europe and North America. Consumption of wind power coatings in India is growing at a significant pace owing to increased investments in the wind power sector and China is a leading consumer of wind power coatings owing to the large number of wind farms in the country. Middle East and Africa is anticipated to be the fastest growing market for wind power coatings, thanks to the easy availability of feed stock and increasing investment in the renewable industry in the region.

Some of the major players that operate in the Global Wind Power Coating Market are Hempel, PPG, AkzoNobel, BASF, Jotun, Mankiewicz, Dupont, Bergolin, Duromar, 3M, Teknos Group, Aeolus Coatings.

Latest Industry Updates:

Hempel:- Today, leading global coatings manufacturer Hempel has launched an innovative new fouling defence system – Hempaguard MaX. This unique three-coat system provides vessels with a smoother hull. It reduces drag and results in significantly lower fuel requirements, and will deliver a guaranteed maximum speed loss of 1.2 percent over five years.

The Hempaguard MaX system is applied in just three layers, meaning it can be applied more quickly, reducing time in dry dock by up to two days. The combined savings generated by Hempaguard MaX through reduced time in dry dock and increased fuel savings could payback the cost of the coating within three months. With these exceptional out of dock fuel savings and full operational flexibility – Hempaguard MaX maximises efficiency and reduces operational costs.

Speaking at today’s launch in London, Hempel’s Head of Marine Group Product Management, Davide Ippolito, said: “The high level of fuel savings and hull protection are achieved due to the low average hull roughness (AHR) level delivered by the whole coating system, very low speed loss* over the entire operational period and improved anticorrosive capabilities.” “Hempaguard MaX is the next logical step for shipowners and operators seeking to maximise their efficiency and reduce associated CO2 emissions. At a time where marginal gains are of importance and environmental regulations are becoming stricter, the choice of hull coating can make a significant difference.

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Wind Power Coating Market Report 2019

1 Wind Power Coating Definition

2 Global Wind Power Coating Market Major Player Share and Market Overview

3 Major Player Wind Power Coating Business Introduction

4 Global Wind Power Coating Market Segmentation (Region Level)

5 Global Wind Power Coating Market Segmentation (Product Type Level)

6 Global Wind Power Coating Market Segmentation (Industry Level)

7 Global Wind Power Coating Market Segmentation (Channel Level)

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