Global Wind Power Coatings Market was valued at USD xx Bn in 2019 and is expected to reach ta USD xx Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.
Global Wind Power Coatings Market
The report covers an in depth analysis of COVID 19 pandemic impact on Global Wind Power Coatings Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Wind Power Coatings Market Dynamics:
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. Various factors such as technological advancements, rise in investments in research & development of wind power coatings, easy availability of raw materials for the production of wind power coatings, rising concern for the environment and greenhouse gas emission are mainly driving the global wind power coatings market growth over forecast period.
However, factors such as high cost of the coating and adhering to stringent commitments to bring a notable reduction in the amount of greenhouse gas emitted from their respective power production industries are restraining the market growth over forecast period.
Global Wind Power Coatings Market is segmented by type, by application, by technology and by region. By application, the onshore segment dominated the wind power coatings market with 78% of market share in 2019 owing to an extensive usage of these coatings in onshore wind turbines. The onshore segment is anticipated to expand significantly during the forecast period, led by the rise in demand for anti-corrosive coatings in onshore wind power plants. While offshore application segment is expected to exhibit 22% of market share over forecast period owing to the increase in usage of wind power coatings in upcoming offshore wind power projects, as they ensure better corrosion resistance and long life of wind turbines.
By type, Metal Coatings type held 55.76% of market share in 2019 and is expected to keep its dominance over forecast period. Manufacturers are increasing production capabilities to develop metal coatings to address the growing concerns of corrosion in onshore and offshore applications. Companies are experimenting by combining graphene with other corrosion-protection pigments to offer anti-corrosion function in coatings.
By geography, Global Wind Power Coatings Market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these regions APAC held 43.54% of market share in 2019 and is expected to keep its dominance over forecast period. China is the leading consumer of wind power coatings in Asia Pacific market owing to the large number of wind farms in the country. APAC is followed by North America and Europe.
North America is expected to hold 23.76% of market share over forecast period. Factors such as the easy availability of feed stock, increasing investment in the renewable sector and increase in demand for these coatings in offshore wind power plants are driving the market growth in this region.
Report covers in depth analysis of key development, marketing strategies and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this report are Hempel, Bergolin, BASF, PPG, DowDuPont, AkzoNobel, 3M, Mankiewicz and Jotun among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisition, joint ventures, strategic alliances, diversification, collaborations, patent and new product launches etc. to increase their regional presence and business opeartions. For instance, Colorado State University researchers have invented an environmentally friendly, inexpensive, long-lasting, ice-repellent coating that outperforms today’s best de-icing products and that could keep everything from cars and ships to planes and power lines ice-free.
The objective of the report is to present a comprehensive analysis of the Global Wind Power Coatings Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wind Power Coatings Market dynamics, structure by analyzing the market segments and project Global Wind Power Coatings Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wind Power Coatings Market make the report investor’s guide.
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Scope Global Wind Power Coatings Market
Global Wind Power Coatings Market by Type
• Polymer Coatings
• Metal Coatings
• Ceramic Coatings
Global Wind Power Coatings Market by Application
• Onshore
• Offshore
Global Wind Power Coatings Market by Technology
• Water-based
• Solvent-based
• Powder
• UV-cured
Global Wind Power Coatings Market by Region
• North America
• APAC
• Europe
• MEA& Africa
• Latin America
Global Wind Power Coatings Market Major Players
• Hempel
• Bergolin
• BASF
• PPG
• DowDuPont
• AkzoNobel
• 3M
• Mankiewicz
• Jotun
• Duromar
• Teknos Group
• Aeolus Coatings, etc.
• PPG Industries, Inc
• Teknos Group
• The Sherwin-Williams Company
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