Wind Power Coatings Market size to total US$ 3.5 Bn by 2031, at a CAGR of 11.3% during 2021-2031 - Future Market Insights

Wind Power Coatings Market size to total US$ 3.5 Bn by 2031, at a CAGR of 11.3% during 2021-2031 - Future Market Insights

PR Newswire

DUBAI, UAE, Jan. 10, 2022

Wind Power Coatings Market Exhibits 11.3% CAGR as Government Support to Alternate Energy Sources Grows. The latest study by Future Market Insight (FMI) provides insights into the governing factors facilitating the growth in the wind power coatings market.

DUBAI, UAE, Jan. 10, 2022 /PRNewswire/ -- The global wind power coatings market is estimated to expand a 11.3% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing focus on alternate sources of energy has led to surge in wind turbine installation worldwide. This has in turn created conducive environment for sales of wind power coatings.

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The installation of wind turbines has risen in tandem with the demand for cleaner energy sources. Application of wind power coatings is the essential step within wind turbine manufacturing. Besides protecting such a large and costly structure, wind power coatings also ascertain longer life span of wind turbines protecting them from corrosion, erosion, and wear and tear.

However, application of wind power coatings require skilled labor and advance equipment. Unavailability of the same could hamper growth of the market.

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Key Takeaways:

"In order to gain competitive edge, the market players are eyeing at strategic collaboration. Besides this, they are expanding their portfolio to include coatings with advanced features. This is expected to aid the expansion of the market in the coming years," says an FMI analyst.

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Competitive Landscape   

Leading manufacturers of wind power coatings are laying emphasis on research and development activities to strengthen their product portfolio and comply with changing consumer preference

For Instance,

Key manufacturers of wind power coatings Includes Hempel A/S, PPG Industries, Inc., Covestro AG, Akzo Nobel N.V., BASF, The Sherwin-Williams Company, Jotun Group, Teknos Group Oy, 3M, Sika AG, Thomas Industrial Coatings, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Bergolin GmbH & Co. KG, Duromar, Inc. and others.

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More Insights into the Wind Power Coatings Market Report

In its latest report, FMI offers an unbiased analysis of the global wind power coatings market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of type, coating method, application, utilization, and Region

Wind Power Coatings Market by Category

By Type

By Coating Method

By Application

By Utilization

By Region:

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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