Market Overview:
The global epoxy resins in wind energy market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for renewable energy across the globe. Based on type, the hand lay resin segment is expected to account for a major share of the global epoxy resins in wind energy market during the forecast period. This can be attributed to its properties such as excellent adhesion and chemical resistance that make it suitable for use in wind turbine blades.
Product Definition:
Epoxy resins are thermoset polymers that are widely used in wind energy applications. They can be used as adhesives, coatings, and composites to improve the performance and durability of wind turbine blades.
Hand Lay Resin:
Hand lay resin is a type of epoxy resin that is used to manufacture fiberglass for wind energy components. It’s also called as “brush on glass” or BOG. The process of applying the resin in fiberglass manufacturing involves two basic steps, namely mixing and spreading. In the mixing step, the raw materials are mixed with water or another solvent to form a homogenous mixture which can be used for spreading in next step without any problems.
Infusion Resin:
Infusion resin is a liquid material that is added to the base resin during the manufacturing process of epoxy resins. It helps in improving thermal and electrical conductivity of the final product. The most commonly used infusion resins are polyphenylene sulfide (PPS) and polysulfone (PSU).
Application Insights:
Epoxy resins are used in a wide range of applications including laminated glass, solar panels, coatings for steel and aluminum extrusions, automotive body parts and interior trims, footwear soles and heels, flooring underlayment adhesive/sanding medium for concrete reinforcement, roofing foils/overlays as well as shingles. The laminated glass segment is expected to witness the fastest growth over the forecast period owing to properties such as high strength-to-weight ratio along with excellent chemical resistance. Epoxy resins are also widely used in industrial lamination applications such as semiconductor packaging where high performance is required.
The solar panel application segment accounted for 15% of total revenue share in 2017 on account of excellent adhesion characteristics offered by the product which enables efficient bonding between substrates like glass and metal sheets during manufacturing process.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. Rapid industrialization coupled with increasing per capita income has resulted in increased demand for consumer electronics products across these countries. This trend is projected to continue over the coming years which will have a positive impact on industry growth.
Europe accounted for a significant share of revenue in 2017 owing to high penetration levels of epoxy resins used across wind energy applications exceeding 2 MW capacity in Germany and Spain respectively.
Growth Factors:
- Increasing demand for wind energy due to rising concerns over climate change and greenhouse gas emissions
- Government initiatives and subsidies for installation of wind turbines
- Technological advancements in wind energy sector
- Reduction in the cost of renewable energy technologies
- Growing awareness about the benefits of using renewable sources of energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Epoxy Resins in Wind Energy Market Research Report
By Type
Hand Lay Resin, Infusion Resin, Epoxy Structural Adhesive, Others
By Application
<2.0 MW, 2.0-3.0 MW, 3.0-5.0 MW, >5.0 MW
By Companies
Olin Corporation, Hexion, Huntsman, Swancor, Dasen Materials Technology, Wells Advanced Materials, BASF, Guangdong Broadwin, Sichuan Dongshu New Materials, Shanghai Kangda New Materials, Epoxy Base Electronic Material Corporation, Gurit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Epoxy Resins in Wind Energy Market Report Segments:
The global Epoxy Resins in Wind Energy market is segmented on the basis of:
Types
Hand Lay Resin, Infusion Resin, Epoxy Structural Adhesive, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
<2.0 MW, 2.0-3.0 MW, 3.0-5.0 MW, >5.0 MW
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Olin Corporation
- Hexion
- Huntsman
- Swancor
- Dasen Materials Technology
- Wells Advanced Materials
- BASF
- Guangdong Broadwin
- Sichuan Dongshu New Materials
- Shanghai Kangda New Materials
- Epoxy Base Electronic Material Corporation
- Gurit
Highlights of The Epoxy Resins in Wind Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hand Lay Resin
- Infusion Resin
- Epoxy Structural Adhesive
- Others
- By Application:
- <2.0 MW
- 2.0-3.0 MW
- 3.0-5.0 MW
- >5.0 MW
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Epoxy Resins in Wind Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Epoxy resins are a type of resin that is used in the construction of wind turbines. Epoxy resins are used to bond together the blades, towers, and other components of a wind turbine.
Some of the major companies in the epoxy resins in wind energy market are Olin Corporation, Hexion, Huntsman, Swancor, Dasen Materials Technology, Wells Advanced Materials, BASF, Guangdong Broadwin, Sichuan Dongshu New Materials, Shanghai Kangda New Materials, Epoxy Base Electronic Material Corporation, Gurit.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Epoxy Resins in Wind Energy Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Epoxy Resins in Wind Energy Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Epoxy Resins in Wind Energy Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Epoxy Resins in Wind Energy Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Epoxy Resins in Wind Energy Market Size & Forecast, 2020-2028 4.5.1 Epoxy Resins in Wind Energy Market Size and Y-o-Y Growth 4.5.2 Epoxy Resins in Wind Energy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hand Lay Resin
5.2.2 Infusion Resin
5.2.3 Epoxy Structural Adhesive
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 <2.0 MW
6.2.2 2.0-3.0 MW
6.2.3 3.0-5.0 MW
6.2.4 >5.0 MW
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Epoxy Resins in Wind Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Epoxy Resins in Wind Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hand Lay Resin
9.6.2 Infusion Resin
9.6.3 Epoxy Structural Adhesive
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 <2.0 MW
9.10.2 2.0-3.0 MW
9.10.3 3.0-5.0 MW
9.10.4 >5.0 MW
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hand Lay Resin
10.6.2 Infusion Resin
10.6.3 Epoxy Structural Adhesive
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 <2.0 MW
10.10.2 2.0-3.0 MW
10.10.3 3.0-5.0 MW
10.10.4 >5.0 MW
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hand Lay Resin
11.6.2 Infusion Resin
11.6.3 Epoxy Structural Adhesive
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 <2.0 MW
11.10.2 2.0-3.0 MW
11.10.3 3.0-5.0 MW
11.10.4 >5.0 MW
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hand Lay Resin
12.6.2 Infusion Resin
12.6.3 Epoxy Structural Adhesive
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 <2.0 MW
12.10.2 2.0-3.0 MW
12.10.3 3.0-5.0 MW
12.10.4 >5.0 MW
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hand Lay Resin
13.6.2 Infusion Resin
13.6.3 Epoxy Structural Adhesive
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 <2.0 MW
13.10.2 2.0-3.0 MW
13.10.3 3.0-5.0 MW
13.10.4 >5.0 MW
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Epoxy Resins in Wind Energy Market: Competitive Dashboard
14.2 Global Epoxy Resins in Wind Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olin Corporation
14.3.2 Hexion
14.3.3 Huntsman
14.3.4 Swancor
14.3.5 Dasen Materials Technology
14.3.6 Wells Advanced Materials
14.3.7 BASF
14.3.8 Guangdong Broadwin
14.3.9 Sichuan Dongshu New Materials
14.3.10 Shanghai Kangda New Materials
14.3.11 Epoxy Base Electronic Material Corporation
14.3.12 Gurit