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According to the latest research, the global Wind Turbine Blade Coatings market size was valued at USD 971.96 million in 2022 and is expected to expand at a CAGR of 11.12% during the forecast period, reaching USD 1829.6 million by 2028.
Wind Turbine Blade Coatings Growth Drivers
Recently, many countries around the world have increased the investment and construction of offshore wind power projects, which has become a boost to the development of the wind turbine blade coating market. In response to energy transition policies, many states in the United States have recently accelerated the construction of offshore wind power projects. Previously, in order to promote the development of the offshore wind power industry, Maryland and Massachusetts successively announced the latest plans for offshore wind power projects, with a total installed capacity of 3.2 million kilowatts. At the same time, Europe, the traditional region of offshore wind power, is also expanding rapidly. The EU climate policy target is to increase the total installed offshore wind power from the current 25 million kilowatts to 110 million kilowatts by 2030, and by 2050, the total installed offshore wind power in Europe will increase by more than 25 times on the current basis. With the improvement of the degree of adaptation to the new crown pneumonia epidemic, many offshore winds power projects in the United Kingdom and France are expected to usher in a construction climax in 2022. The investment in wind power projects in these countries is undoubtedly a positive signal for the wind turbine blade coating industry.
Wind Turbine Blade Coatings Market Challenges
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
At present, there are many participating enterprises in the wind turbine blade coatings industry. In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the wind turbine blade coatings market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.
Wind Turbine Blade Coatings Market Restraints
Raw materials are an important part of wind turbine blade coatings industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of wind turbine blade coatings. Since last year, the fluctuation of global commodity prices has intensified. Most wind turbine blade coatings manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The market price of various resin raw materials has been rising continuously nearly two years. The rising prices of raw materials have seriously affected the profits of enterprises. Therefore, if the company can't effectively reduce costs and improve efficiency, and maintain the bargaining power of product prices, there will be the risk of falling gross profit margin and performance.
Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.
Company Overview:
AkzoNobel is one of the major players operating in the Wind Turbine Blade Coatings market, holding a share of 18.58% in 2022.
Segmentation Overview:
Among different product types, Polymer Coating segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Onshore segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Wind Turbine Blade Coatings industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Wind Turbine Blade Coatings. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Wind Turbine Blade Coatings Market Report Include:
Market Size Estimates: Wind Turbine Blade Coatings market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Wind Turbine Blade Coatings market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wind Turbine Blade Coatings market
Segment Market Analysis: Wind Turbine Blade Coatings market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Wind Turbine Blade Coatings market situations and prospects in major and top regions and countries
Wind Turbine Blade Coatings Market
Wind Turbine Blade Coatings Industry Chain: Wind Turbine Blade Coatings market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Wind Turbine Blade Coatings Industry News, Policies by regions
Wind Turbine Blade Coatings Industry Porters Five Forces Analysis
Key players in the global Wind Turbine Blade Coatings market are covered in Chapter 2:
PPG
Teknos Group
The Sherwin-Williams Company
AkzoNobel
Jotun
Covestro
3M
Hempel
Mankiewicz
Bergolin
Duromar
In Chapter 6 and Chapter 9, on the basis of types, the Wind Turbine Blade Coatings market from 2018 to 2028 is primarily split into:
Polymer Coating
Ceramic Coating
Metal Coating
In Chapter 7 and Chapter 10, on the basis of applications, the Wind Turbine Blade Coatings market from 2018 to 2028 covers:
Offshore
Onshore
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Wind Turbine Blade Coatings market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Wind Turbine Blade Coatings industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Wind Turbine Blade Coatings market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Wind Turbine Blade Coatings industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Wind Turbine Blade Coatings market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Wind Turbine Blade Coatings market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Wind Turbine Blade Coatings market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Wind Turbine Blade Coatings Growth Drivers
Recently, many countries around the world have increased the investment and construction of offshore wind power projects, which has become a boost to the development of the wind turbine blade coating market. In response to energy transition policies, many states in the United States have recently accelerated the construction of offshore wind power projects. Previously, in order to promote the development of the offshore wind power industry, Maryland and Massachusetts successively announced the latest plans for offshore wind power projects, with a total installed capacity of 3.2 million kilowatts. At the same time, Europe, the traditional region of offshore wind power, is also expanding rapidly. The EU climate policy target is to increase the total installed offshore wind power from the current 25 million kilowatts to 110 million kilowatts by 2030, and by 2050, the total installed offshore wind power in Europe will increase by more than 25 times on the current basis. With the improvement of the degree of adaptation to the new crown pneumonia epidemic, many offshore winds power projects in the United Kingdom and France are expected to usher in a construction climax in 2022. The investment in wind power projects in these countries is undoubtedly a positive signal for the wind turbine blade coating industry.
Wind Turbine Blade Coatings Market Challenges
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
At present, there are many participating enterprises in the wind turbine blade coatings industry. In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the wind turbine blade coatings market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.
Wind Turbine Blade Coatings Market Restraints
Raw materials are an important part of wind turbine blade coatings industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of wind turbine blade coatings. Since last year, the fluctuation of global commodity prices has intensified. Most wind turbine blade coatings manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The market price of various resin raw materials has been rising continuously nearly two years. The rising prices of raw materials have seriously affected the profits of enterprises. Therefore, if the company can't effectively reduce costs and improve efficiency, and maintain the bargaining power of product prices, there will be the risk of falling gross profit margin and performance.
Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.
Company Overview:
AkzoNobel is one of the major players operating in the Wind Turbine Blade Coatings market, holding a share of 18.58% in 2022.
Segmentation Overview:
Among different product types, Polymer Coating segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Onshore segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Wind Turbine Blade Coatings industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Wind Turbine Blade Coatings. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Wind Turbine Blade Coatings Market Report Include:
Market Size Estimates: Wind Turbine Blade Coatings market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Wind Turbine Blade Coatings market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wind Turbine Blade Coatings market
Segment Market Analysis: Wind Turbine Blade Coatings market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Wind Turbine Blade Coatings market situations and prospects in major and top regions and countries
Wind Turbine Blade Coatings Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Wind Turbine Blade Coatings Industry Chain: Wind Turbine Blade Coatings market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Wind Turbine Blade Coatings Industry News, Policies by regions
Wind Turbine Blade Coatings Industry Porters Five Forces Analysis
Key players in the global Wind Turbine Blade Coatings market are covered in Chapter 2:
PPG
Teknos Group
The Sherwin-Williams Company
AkzoNobel
Jotun
Covestro
3M
Hempel
Mankiewicz
Bergolin
Duromar
In Chapter 6 and Chapter 9, on the basis of types, the Wind Turbine Blade Coatings market from 2018 to 2028 is primarily split into:
Polymer Coating
Ceramic Coating
Metal Coating
In Chapter 7 and Chapter 10, on the basis of applications, the Wind Turbine Blade Coatings market from 2018 to 2028 covers:
Offshore
Onshore
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Wind Turbine Blade Coatings market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Wind Turbine Blade Coatings industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Wind Turbine Blade Coatings market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Wind Turbine Blade Coatings industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Wind Turbine Blade Coatings market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Wind Turbine Blade Coatings market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Wind Turbine Blade Coatings market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
