Market Overview:
The global wind turbine adhesive market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and the rising installation of wind turbines across the globe. In terms, revenue, Asia Pacific is projected to be the fastest-growing region in the global wind turbine adhesive market during the forecast period. Based on type, epoxy-based adhesives are expected to account for a major share ofthe global wind turbine adhesive market duringthe forecast period. This can be attributedto their high bonding strength and chemical resistance properties.
Product Definition:
Wind turbine adhesive is a type of adhesive that is specifically designed for use with wind turbines. It is important because it helps to keep the turbine blades in place, and it can also help to improve the efficiency of the turbine.
Epoxy-based Adhesive:
Epoxy-based adhesive is a two component system, which includes an epoxy resin and a hardener. The major advantage of this product is that it can be used in temperatures ranging from -60°C to 300°C. It offers high strength and excellent bonding power on various substrates such as plastics, metals, glass fiber reinforced polymers (FRP), natural fibers & rubbers.
Polyurethane-based Adhesive:
Polyurethane-based adhesive is a type of synthetic rubber that is manufactured using chemicals derived from the reaction between diisocyanate and polyol. It has high tensile strength, elongation, and heat resistance properties which make it suitable for wind turbine blade assembly applications. The product also offers adhesion to steel, aluminum alloy or fiberglass reinforced plastic composites.
Application Insights:
The 2.0-5.0 MW segment held the largest share of over 70% in 2017 and is expected to witness significant growth during the forecast period owing to increasing demand for turbines with higher power output from small and medium size utility scale projects across emerging economies such as India, China and Brazil. The growing need for large capacity turbines with higher power output that can be installed at a lower cost is anticipated to drive demand over the forecast period. Increasing R&D activities pertaining to development of low-cost renewable energy sources along with government support aimed at promoting investments in green energy generation are expected to further propel industry expansion over the coming years.
Regional Analysis:
The wind turbine adhesive market in the Asia Pacific and Latin America regions is expected to grow at a rapid pace over the forecast period. The growing demand for clean energy is expected to boost the installation of wind turbines in these regions, which, in turn, will drive product demand. In addition, rising awareness regarding renewable sources of energy is likely to propel market growth over the next eight years.
Europe accounted for a significant share of global revenue owing to stringent government regulations regarding carbon emissions from power generation sources coupled with increasing focus on developing renewable sources of energy such as wind and solar power generation technologies.
Growth Factors:
- Increasing demand for wind energy: The global demand for wind energy is increasing rapidly due to the rising concerns over climate change and the need to reduce greenhouse gas emissions. This is driving the growth of the wind turbine adhesive market.
- Technological advancements: The development of new and innovative adhesive technologies is aiding in the growth of the wind turbine adhesive market. These advancements are helping to improve performance, increase efficiency, and reduce costs.
- Rising awareness about renewable energy: There is a growing awareness about renewable sources of energy such as solar and wind power among consumers worldwide. This is boosting demand for wind turbines, which in turn is propelling growth in the Wind Turbine Adhesive market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Adhesive Market Research Report
By Type
Epoxy-based Adhesive, Polyurethane-based Adhesive, Acrylic--based Adhesive, Others
By Application
<2.0 MW, 2.0-3.0 MW, 3.0-5.0 MW, >5.0 MW
By Companies
Henkel, H.B. Fuller, 3M Company, Epic Resins, Sika, Wacker Chemie AG, LORD Corp, Huntsman, Gurit, Bostik, DOW
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Adhesive Market Report Segments:
The global Wind Turbine Adhesive market is segmented on the basis of:
Types
Epoxy-based Adhesive, Polyurethane-based Adhesive, Acrylic--based 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:
- Henkel
- H.B. Fuller
- 3M Company
- Epic Resins
- Sika
- Wacker Chemie AG
- LORD Corp
- Huntsman
- Gurit
- Bostik
- DOW
Highlights of The Wind Turbine Adhesive 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:
- Epoxy-based Adhesive
- Polyurethane-based Adhesive
- Acrylic--based 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 Turbine Adhesive 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
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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 turbine adhesive is a type of adhesive that is used to attach blades and other components of wind turbines to the tower.
Some of the major companies in the wind turbine adhesive market are Henkel, H.B. Fuller, 3M Company, Epic Resins, Sika, Wacker Chemie AG, LORD Corp, Huntsman, Gurit, Bostik, DOW.
The wind turbine adhesive market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Adhesive 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 Turbine Adhesive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Adhesive 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 Turbine Adhesive 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 Turbine Adhesive Market Size & Forecast, 2020-2028
4.5.1 Wind Turbine Adhesive Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Adhesive 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 Epoxy-based Adhesive
5.2.2 Polyurethane-based Adhesive
5.2.3 Acrylic--based 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 Turbine Adhesive 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 Turbine Adhesive 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 Epoxy-based Adhesive
9.6.2 Polyurethane-based Adhesive
9.6.3 Acrylic--based 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 Epoxy-based Adhesive
10.6.2 Polyurethane-based Adhesive
10.6.3 Acrylic--based 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 Epoxy-based Adhesive
11.6.2 Polyurethane-based Adhesive
11.6.3 Acrylic--based 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 Epoxy-based Adhesive
12.6.2 Polyurethane-based Adhesive
12.6.3 Acrylic--based 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 Epoxy-based Adhesive
13.6.2 Polyurethane-based Adhesive
13.6.3 Acrylic--based 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 Turbine Adhesive Market: Competitive Dashboard
14.2 Global Wind Turbine Adhesive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Henkel
14.3.2 H.B. Fuller
14.3.3 3M Company
14.3.4 Epic Resins
14.3.5 Sika
14.3.6 Wacker Chemie AG
14.3.7 LORD Corp
14.3.8 Huntsman
14.3.9 Gurit
14.3.10 Bostik
14.3.11 DOW
