Market Overview:
The global wind turbine blade coatings market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using wind turbines. The global wind turbine blade coatings market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into polymer coating, ceramic coating, and metal coating. Polymer coatings are expected to dominate this market during the forecast period owing to their properties such as high durability and resistance against abrasion. Onshore applications are expected to account for a larger share in this market than offshore applications due to higher installation rates for onshore turbines across regions such as North America and Europe.
Product Definition:
A wind turbine blade coating is a material that is applied to the surface of a wind turbine blade to protect it from the elements. Wind turbine blade coatings can include sealants, corrosion inhibitors, and UV protectants. The purpose of a wind turbine blade coating is to protect the blade from degradation due to exposure to the sun, rain, snow, and ice.
Polymer Coating:
Polymer coating is a type of material that is applied on various surfaces using a paint or coating process. The polymer coatings market has been witnessing significant growth over the past few years owing to its increasing demand in wind turbine blade coatings. Polymer coated blades offer several advantages such as corrosion resistance, improved surface finish, and easier maintenance over their metal counterparts.
The global market for polymer-based products was estimated at USD 856 million in 2014.
Ceramic Coating:
Ceramic coating is a material with low friction, high wear resistance and corrosion prevention properties. Ceramic coatings are widely used in the wind turbine blade coating industry owing to its excellent abrasion resistance, hardness and temperature resistant characteristics. The ceramic coating is applied over the base metal or carbon steel by using various techniques such as electroless deposition, sol-gel method and spin method.
Application Insights:
The offshore application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the expansion of wind energy projects in offshore locations, such as those located in deep water. Furthermore, increasing government support and initiatives to increase the penetration rate are further expected to drive demand over the forecast period.
Onshore application is expected to be one of the fastest-growing segments owing to rising demand from countries, such as China and India, which account for a significant portion of global onshore installations. In addition, stable electricity generation from onshore projects coupled with low installation costs has been encouraging several companies operating within the industry space across various regions worldwide.
Increasing R&D activities pertaining towards hybrid solutions involving both land-based and sea turbines are likely to positively influence product demand within this segment over next few years.
Regional Analysis:
North America accounted for the largest market share of over 35% in 2017. The U.S., which is one of the leading countries globally in terms of offshore wind power capacity, has installed more than 2 GW worth wind turbines onshore and offshore as of 2018. Furthermore, according to IEA, the country will add an additional 4 GW worth wind power by 2020 and 13 GW by 2030 thus making it a key player globally with regards to offshore wind energy generation capacity addition (in 2016).
The Asia Pacific region is expected to register significant growth over the forecast period owing to increasing government support for renewable energy projects along with growing awareness regarding their environmental benefits.
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation
- Government initiatives and subsidies for installation of wind turbines
- Technological advancements in blade coatings that improve performance and durability
- Rising prices of traditional forms of energy such as oil, gas, and coal
- Growing awareness about the benefits of using wind power
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Blade Coatings Market Research Report
By Type
Polymer Coating, Ceramic Coating, Metal Coating
By Application
Offshore, Onshore
By Companies
Hempel, PPG, AkzoNobel, BASF, Jotun, Mankiewicz, Dupont, Bergolin, Duromar, 3M, Hempel, Aeolus Coatings
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Blade Coatings Market Report Segments:
The global Wind Turbine Blade Coatings market is segmented on the basis of:
Types
Polymer Coating, Ceramic Coating, Metal Coating
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
Offshore, Onshore
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:
- Hempel
- PPG
- AkzoNobel
- BASF
- Jotun
- Mankiewicz
- Dupont
- Bergolin
- Duromar
- 3M
- Hempel
- Aeolus Coatings
Highlights of The Wind Turbine Blade Coatings 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:
- Polymer Coating
- Ceramic Coating
- Metal Coating
- By Application:
- Offshore
- Onshore
- 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 Blade Coatings 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 blade coatings are a type of coating that is applied to the blades of wind turbines to protect them from the elements. The coatings can be made from a variety of materials, including polyurethane, silicone, and epoxy. They are typically applied in layers and then cured with heat or ultraviolet light.
Some of the major companies in the wind turbine blade coatings market are Hempel, PPG, AkzoNobel, BASF, Jotun, Mankiewicz, Dupont, Bergolin, Duromar, 3M, Hempel, Aeolus Coatings.
The wind turbine blade coatings market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Blade Coatings 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 Blade Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Blade Coatings 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 Blade Coatings 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 Blade Coatings Market Size & Forecast, 2018-2028
4.5.1 Wind Turbine Blade Coatings Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Blade Coatings Market Absolute $ Opportunity
Chapter 5 Global Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Type
5.2.1 Polymer Coating
5.2.2 Ceramic Coating
5.2.3 Metal Coating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Applications
6.2.1 Offshore
6.2.2 Onshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Blade Coatings 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 Blade Coatings 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 Wind Turbine Blade Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Type
9.6.1 Polymer Coating
9.6.2 Ceramic Coating
9.6.3 Metal Coating
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 Wind Turbine Blade Coatings Market Size Forecast by Applications
9.10.1 Offshore
9.10.2 Onshore
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 Wind Turbine Blade Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Type
10.6.1 Polymer Coating
10.6.2 Ceramic Coating
10.6.3 Metal Coating
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 Wind Turbine Blade Coatings Market Size Forecast by Applications
10.10.1 Offshore
10.10.2 Onshore
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 Wind Turbine Blade Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Type
11.6.1 Polymer Coating
11.6.2 Ceramic Coating
11.6.3 Metal Coating
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 Wind Turbine Blade Coatings Market Size Forecast by Applications
11.10.1 Offshore
11.10.2 Onshore
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 Wind Turbine Blade Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Turbine Blade Coatings 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 Wind Turbine Blade Coatings Market Size Forecast by Type
12.6.1 Polymer Coating
12.6.2 Ceramic Coating
12.6.3 Metal Coating
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 Wind Turbine Blade Coatings Market Size Forecast by Applications
12.10.1 Offshore
12.10.2 Onshore
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) Wind Turbine Blade Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Turbine Blade Coatings 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) Wind Turbine Blade Coatings Market Size Forecast by Type
13.6.1 Polymer Coating
13.6.2 Ceramic Coating
13.6.3 Metal Coating
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) Wind Turbine Blade Coatings Market Size Forecast by Applications
13.10.1 Offshore
13.10.2 Onshore
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 Blade Coatings Market: Competitive Dashboard
14.2 Global Wind Turbine Blade Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hempel
14.3.2 PPG
14.3.3 AkzoNobel
14.3.4 BASF
14.3.5 Jotun
14.3.6 Mankiewicz
14.3.7 Dupont
14.3.8 Bergolin
14.3.9 Duromar
14.3.10 3M
14.3.11 Hempel
14.3.12 Aeolus Coatings
