Market Overview:
The Global Wind Energy Grade Epoxy Resins Market is expected to grow at a CAGR of XX% and reach a market value of USD XX million by 2030. The market is segmented by type, application and region. On the basis of type, the market is segmented into hand lay resin, infusion resin, epoxy structural adhesive and others. On the basis of application, the market is divided into 5 MW segments. Geographically, the global wind energy grade epoxy resins market is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (Saudi Arabia). Some factors that are driving this global wind energy grade epoxy resins include increase in demand for electric vehicles owing to stringent emission norms being implemented by various governments across different geographies; growth in offshore wind installations; rising demand from end-use industries such as aerospace & defense; electricals & electronics; automotive etc.
Product Definition:
Wind Energy Grade Epoxy Resins are used in the manufacture of wind turbine blades. The importance of Wind Energy Grade Epoxy Resins is that they provide high strength and stiffness, while also being lightweight. This makes them ideal for use in the construction of wind turbine blades, which need to be both strong and lightweight in order to withstand the forces generated by the wind.
Hand Lay Resin:
Hand lay resin is a type of synthetic organic polymer, which is manufactured by the catalytic polymerization of ethylene and propylene. It has high molecular weight with an amorphous structure. The product can be segmented on the basis of application such as flooring, furniture, automotive interiors & exteriors and others.
Infusion Resin:
Infusion resin is a liquid material that is added to the base resin during the manufacturing process of wind energy grade epoxy resins. The infusion resin helps in improving mechanical properties such as tensile strength, flexural modulus and hardness along with increasing adhesion between fibers which results in improved performance of wind turbine components. Infusion Resin also improves abrasion resistance, impact resistance and surface hardness of fiber-reinforced composites used for manufacturing blades.
Application Insights:
The wind energy grade epoxy resins market is segmented by application into below 2.0 MW, 2.0-3.0 MW, 3.0-5.0 MW and above 5.0 MW sizes of turbines for an overall industry size of around 7 GW in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 globally on account of the increasing need for large scale commercialization in emerging economies such as China, India and Brazil which are at present focusing on renewable sources due to government incentives offered for installation purposes coupled with rising electricity costs that are driving consumers towards renewable energy generation options such as wind power plants across North America.
Regional Analysis:
The wind energy grade epoxy resins market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments in wind farms and rising awareness among consumers regarding the benefits of renewable energy. In addition, favorable government policies and growing demand for green products are anticipated to drive regional growth over the next eight years.
In Europe, countries such as Germany have witnessed a high penetration of offshore wind farms due to its geographical location and has also emerged as a hub for manufacturing these turbines. Moreover, Denmark has made considerable progress onshore with 24% of its total electricity generation coming from offshore wind by 2020-21 which is an impressive achievement considering that Denmark only had 2% total installed capacity in 2016.
Growth Factors:
- Increasing demand for wind energy due to environmental concerns and the need for clean and renewable energy sources
- Government initiatives and subsidies for installation of wind turbines, which is expected to drive the market growth
- Technological advancements in wind turbine blades that are made of epoxy resins, which is expected to increase their efficiency
- Growing demand from end-use industries such as aerospace, automotive, electrical & electronics, construction, and marine sectors
- Rising awareness about the benefits of using epoxy resin-based wind turbines among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Energy Grade Epoxy Resins 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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Wind Energy Grade Epoxy Resins Market Report Segments:
The global Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Wind energy grade epoxy resins are a type of resin that is used to create products that are related to the wind industry. These types of resins can be used in products such as turbine blades, towers, and other parts that are related to the wind industry.
Some of the major companies in the wind energy grade epoxy resins 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 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins Market Size & Forecast, 2020-2028
4.5.1 Wind Energy Grade Epoxy Resins Market Size and Y-o-Y Growth
4.5.2 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins 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 Wind Energy Grade Epoxy Resins Market: Competitive Dashboard
14.2 Global Wind Energy Grade Epoxy Resins 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
