Wind Turbine Blade Coating: Compelling solution for enhanced performance and protection from harsh environments
Market Overview According to a new report published by Reports Monitor titled, “Wind Turbine Blade Coating Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Wind Turbine Blade Coating Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
In past few years energy generation with wind turbine has provided great alternative over fossil fuels. Wind turbines are placed on land away from city and onshore sites. As they are subjected to intense environmental conditions corrosion of the blades occurs. This necessitates coating of blades that prevents from erosion and pitting problems. Various type of coating such as metal, ceramic or polymer coating can be applied to wind turbine blades that can reduce maintenance and repair cost as well as will increase productivity.
Wind energy being sustainable power source there is increased installation of wind turbine driving wind turbine blade coating market. Promising rise in adoption of wind and photovoltaic system leads the market to grow further. However, manufacturing cost of coatings may act as deterrent which can restrict the growth of wind turbine blade coating market. Asia-Pacific market in wind turbine blade coating is influenced by various factors including rising implementation of wind turbines to generate energy and government support by funding investments for bigger projects. Growth in China and India is driven by large number of wind farms and increased expenditure in wind power sector respectively.
The global wind turbine blade coatings market has been segmented majorly on the basis of product type, application and region. On the basis of product type the market is segmented as polymer coating, ceramic coating and metal coating. By application the market is segmented as offshore and onshore.
Competitive Landscape The major players in wind turbine blade coating market are Hempel, Ppg, Akzonobel, Basf, Jotun, Mankiewicz, Dupont, Bergolin, Duromar, 3M, Teknos Group and. Aeolus Coatings. Manufacturers have been adopting various strategies to sustain and maintain their market positions. Expansion is the primary strategy adopted by prominent players in the market, followed by acquisition. For instance, in December 2016, AkzoNobel completed acquisition of BASF’s global Industrial Coatings business to strength its position as the global number one supplier in coating market
In May 2015, International coatings supplier Hempel launched two coat system that is combined primer and mid-coat designed specifically for wind towers. The new coating, HEMPADUR 4774D, is Hempel’s two coat system that dries up to 30% faster than equivalent three coat system. It helps eliminate production bottlenecks, increase throughput and reduce drying hall costs.
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