The erosion and corrosion of wind towers and blades is not a surprise given the variety of and often harsh environmental conditions encountered at sea and on land. If not protected, this erosion and corrosion will reduce the structure’s strength, reliability, life span and, ultimately, its economic value. So coating plays an important role in protecting blades, tower and other components from environment.
Market Analysis and Insights: Global Wind Power Coating Market
Due to the COVID-19 pandemic, the global Wind Power Coating market size is estimated to be worth US$ 384.5 million in 2022 and is forecast to a readjusted size of US$ 483.7 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Polyurethane Coating accounting for % of the Wind Power Coating global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Onshore Towers segment is altered to an % CAGR throughout this forecast period.
Global core wind power paint manufacturers include Hempel, AkzoNobel and PPG etc. The top 3 companies hold a share about 61%. Asia is the largest sales market, with a sales market share in value about 55%, followed by Europe with the share about 21%.
In terms of product, polyurethane coating is the largest segment with a sales market share in value about 57%. And in terms of application, the largest application is onshore towers with a sales market share in value about 50%.
Global Wind Power Coating Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Wind Power Coating Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Polyurethane Coating
Epoxy Intermediate Paint
Zinc-Rich Primer
Others
Segment by Application
Onshore Towers
Onshore Blades
Onshore Others
Offshore Towers
Offshore Blades
Offshore Foundations
Offshore Others
By Company
Hempel
AkzoNobel
PPG
Jotun
Mankiewicz
Bergolin
Duromar
Teknos
3M
MEGA P&C
Dowill
Yongxin
Feilu
Production by Region
North America
Europe
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil