Global Wind Power Coating Market is projected to exhibit a CAGR of 15.48% between 2016 and 2022

Description :

The global Wind Power Coating market is valued at USD 527.48 million in 2016 and is expected to reach USD 988.77 million by the end of 2022, growing at a Growth Rate of 15.48% between 2016 and 2022. The market is driven by various end-user industries, such as Onshore Wind Power and Offshore Wind Power.
The industry is concentration, the key brand include Hempel, PPG, AkzoNobel, BASF, Jotun, Mankiewicz, Dupont, Bergolinand, Duromar, 3M, Teknos Group so on. Among them, Hempel is the leader.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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The erosion and corrosion of wind towers and blades causes huge damage to wind power plant, so wind power coating is well paid attention in the world, with the increasing construction of wind power plant, the demand of the wind power coating is also increasing. According to the location where the wind power plants are, the wind power coating can be divided into offshore type and onshore type. The most wind power coating belongs to onshore, about 96.10% in 2016. According to the raw materials, it can be divided into polymer coating, ceramic coating and metal coating. The polymer coating owns the biggest market share, taking 82.13% in 2016. The application is mainly used to protect blade, tower and interior. Tower is the main application field, with 74.33%.
North America and Europe are the main manufacturing regions, Europe takes 66.68% of the global production in 2016, located in the leading position. North America is the second biggest region, taking 11.84% in the world in 2016. China is not a big manufacturing region, but the consumption is huge, in 2016 the consumption is 23831 MT, taking 39.65% of the global consumption followed by Europe.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Wind Power Coating industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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