Wind Power Coatings Market 2021: Growth Opportunities, Emerging Investors, Top Key Players, Target Audience and Forecast to 2028

Wind turbines are the largest renewable energy source used globally. Thus the effective maintenance of the wind turbines is essential. The average wind turbine is expected to operate continuously for around 15 years but over that time the energy generated by the turbine can be severely impacted by wear and tear from the elements. The application of coatings on wind turbine blades would let them run longer with zero maintenance in harsh environmental conditions at less operating costs. Recently, smart coatings have been introduced in the market. These smart coatings have been used to detect the degree of destruction to the blades, improve power generation and resolve blade damage. However, smart coating materials are not fully commercialized because they are still under development.

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The wind power coatings market is driven by the rise in the adoption of wind and photovoltaic (PV) systems and high focus on decreasing the maintenance costs and improvement in the efficiency of the wind turbines. Moreover rising concern for the environment and greenhouse gas emission have led to a significant shift of the developing and developed countries towards renewable energy generation system. This leads to a high demand for wind turbines which ultimately results in high demand for wind power. However, the high cost of the coating is a key factor anticipated to hamper the market growth over the forecast period. New product development and research & development is anticipated to provide opportunities for market players in the near future.

"Global Wind Power Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wind power coatings market with detailed market segmentation by type, application and geography. The global wind power coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wind power coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global wind power coatings market is segmented on the basis of type and application. On the basis of type, the global wind power coatings market is segmented into polymer coatings, metal coatings and ceramic coatings. Based on application, the global wind power coatings is categorized into onshore and offshore. The onshore coatings segment is divided into, onshore blade, onshore tower and on shore interior. Likewise, the offshore segment is bifurcated into offshore blade, offshore tower and offshore interior.

Impacts of Covid-19 on the Market

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘wind power coatings market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wind power coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wind power coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the wind power coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the wind power coatings market in these regions.

MARKET PLAYERS

1. 3M Company
2. Aeolus Coatings
3. Akzo Nobel N.V.
4. BASF SE
5. Duromar, Inc.
6. Hempel
7. Jotun Group
8. PPG Industries, Inc.
9. Teknos Group
10. The Sherwin-Williams Company

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This release was published on openPR.