Press release
Wind Power Coatings Market to Reach $3.5 Billion by 2032
Wind Power Coatings Market
The installation of wind turbines has risen in tandem with the demand for cleaner energy sources. Application of wind power coatings is the essential step within wind turbine manufacturing. Besides protecting such a large and costly structure, wind power coatings also ascertain longer life span of wind turbines protecting them from corrosion, erosion, and wear and tear.
However, application of wind power coatings require skilled labor and advance equipment. Unavailability of the same could hamper growth of the market.
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Key Takeaways:
- Global wind power coatings market value is expected to surpass US$ 3.5 Bn by the end of the forecast period.
- The onshore coatings segment is expected to register maximum sales.
- East Asia is expected to be the dominant region in terms of production and consumption of wind power coatings.
- Demand from Japan and China will support sales of wind power coatings in East Asia.
- Demand in the U.S. will grow by 9.8% year-on-year in 2021 backed by surging focus on expanding the renewable energy infrastructure.
- The U.K. and Germany will emerge as highly lucrative market for sales of wind power coatings within Europe.
"In order to gain competitive edge, the market players are eyeing at strategic collaboration. Besides this, they are expanding their portfolio to include coatings with advanced features. This is expected to aid the expansion of the market in the coming years," says an FMI analyst.
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Competitive Landscape
Key manufacturers of wind power coatings Includes Hempel A/S, PPG Industries, Inc., Covestro AG, Akzo Nobel N.V., BASF, The Sherwin-Williams Company, Jotun Group, Teknos Group Oy, 3M, Sika AG, Thomas Industrial Coatings, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Bergolin GmbH & Co. KG, Duromar, Inc. and others.
Wind Power Coatings Market by Category
By Type
Polymer Coatings
Epoxy
Polyurethane
Acrylic
Fluoropolymer
Others
Ceramic Coatings
Metal Coatings
By Coating Method
Spray
Roller
Others
By Application
Offshore
Offshore Blade
Offshore Tower
Offshore Interior
Offshore Turbine Foundation
Onshore
Onshore Blade
Onshore Tower
Onshore Interior
Onshore Turbine Foundation
By Utilization
OEM
Maintenance
By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
Contact:
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Website: https://www.futuremarketinsights.com Reports: https://www.futuremarketinsights.com/reports/wind-power-coatings-market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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