Wind Power Coatings Market Owing to a Promising Rise in Adoption of Wind and Photovoltaic (PV) Systems

According to the research analyst, the wind power coatings market projected to rise to US$1,801.1 mn by 2025, exhibiting a CAGR of 12.3% from 2017 to 2025.


Albany, NY -- (SBWIRE) -- 03/05/2018 -- The vendor landscape of the global wind power coatings market is witnessing the entry of an increasing number of small- and medium-scale companies and a steady rise in the number of innovative products and technologies. The demand for coatings for wind turbines is expected to rise at a promising pace in the next few years owing to a promising rise in adoption of wind and photovoltaic (PV) systems, growth in focus on decreasing the maintenance costs, and improvement in efficiency. This is expected to drive the wind power coating market. The wind power coatings market is expected to grow during the forecast period due to increasing demand for energy from across the globe. The key factors driving the wind power coatings market across the globe are decreasing levelized cost of electricity (LCOE) of onshore and offshore wind power and increasing greenhouse gas emissions, which is prompting countries to increase their renewable energy output to produce clean energy. This, in turn, is anticipated to boost the wind power coatings market.

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Global Wind Power Coatings Market: Overview

This report analyzes and forecasts the market for wind power coatings at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Kilo Liters) from 2017 to 2025. The study includes drivers and restraints of the global wind power coatings market. It also covers the impact of these drivers and restraints on demand for wind power coatings during the forecast period. The report also highlights opportunities in the wind power coatings market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global wind power coatings market. Porter's Five Forces model for the wind power coatings market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

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Global Wind Power Coatings Market: Scope of the Report

The study provides a decisive view of the global wind power coatings market by segmenting it in terms of type, and applications. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for wind power coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual type and applications in all the regions.

The study includes profiles of major companies operating in the global wind power coatings market. Key players in the wind power coatings market include Akzo Nobel N.V., Hempel Fonden, PPG Industries, Inc., Jotun Group, Teknos Group Oy, 3M Co., The Sherwin-Williams Company and others. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, and recent developments.

The report provides the estimated market size of wind power coatings for 2016 and forecast for the next eight years. The global market size of wind power coatings has been provided in terms of revenue and volume. Market numbers have been estimated based on type and applications segments of wind power coatings market. Market size and forecast for each major type, applications have been provided in terms of global and regional markets.

Global Wind Power Coatings Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities.

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Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, type, and applications across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team's expertise and market understanding.

The report segments the global wind power coatings market as follows:

Global Wind Power Coatings Market: By Type

Polymer Coatings
Metal Coatings
Ceramic Coatings

Global Wind Power Coatings Market: By Application

Onshore Blade
Onshore Tower
Onshore Interior
Offshore Blade
Offshore Tower
Offshore Interior

Global Wind Power Coatings Market: By Region/Country/Sub-region

North America
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East & Africa (MEA)
South Africa
Rest of Middle East & Africa