Wind Turbine Protection Market by Equipment (Blades, Nacelles, Towers), Protection Type (Coatings (Epoxy, Polyurethane) and Tapes & Films), End User (Onshore and Offshore), & Region (North America, Europe, APAC, MEA) - Global Forecast to 2029
The wind turbine protection market is forecast to reach USD 2.8 billion by 2029 from an estimated USD 1.7 billion in 2024, at a CAGR of 10.5% during the forecast period (2024-2029). The increasing demand for renewable energy sources, operational cost reduction, and growing need for efficient solutions for longer wind turbine life are the key factors driving the wind turbine protection market.
“Blades: The fastest segment of the wind turbine protection market, by equipment.”
Based on equipment, the wind turbine protection market has been split into four types: Blades, Tower, Nacelle and others. Blades is expected to be the fastest segment in the market. The Wind Turbine Protection market by equipment for blades is critical for ensuring the efficiency and longevity of wind turbines, especially as they operate under intense environmental stress. The leading edges of wind turbine blades are vulnerable to damage from rain, hail, sand, and other environmental factors.
“Coatings segment is expected to emerge as the fastest segment by Protection type.”
Based on Protection type, the wind turbine protection market has been segmented into Coatings, Tapes & films. Coatings is expected to be the fastest segment in the market. The coatings segment in the wind turbine protection market plays a crucial role in enhancing the durability and efficiency of wind turbines. These coatings, crafted from materials such as polyurethanes, epoxies, and fluoropolymers, are applied to various turbine components to safeguard them from environmental and operational stresses.
“Asia pacific is expected to be the largest region in the wind turbine protection market.”
Asia pacific is expected to be the largest region in the wind turbine protection market between 2024 –2029. The market in Asia pacific comprises China, India, Japan and Australia. The growth of the wind turbine protection market in the Asia pacific region is largely supported by countries like China and India. The Asia Pacific region experiences a wide range of extreme weather conditions, from typhoons in East Asia to cyclones in the Indian Ocean, necessitating robust protection systems for wind turbines.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 50%, Europe- 30%, Asia Pacific- 20%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Wind turbine protection market is dominated by a few major players that have a wide regional presence. The leading players in the Wind turbine protection market are BASF SE (Germany), 3M (US), Akzo Nobel N.V. (Netherlands), Trelleborg AB (Sweden), Hempel A/S (Denmark).
Research Coverage:
The report defines, describes, and forecasts the wind turbine protection market, by protection type, by equipment, by end user, for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the wind turbine protection market.
Key Benefits of Buying the Report
“Blades: The fastest segment of the wind turbine protection market, by equipment.”
Based on equipment, the wind turbine protection market has been split into four types: Blades, Tower, Nacelle and others. Blades is expected to be the fastest segment in the market. The Wind Turbine Protection market by equipment for blades is critical for ensuring the efficiency and longevity of wind turbines, especially as they operate under intense environmental stress. The leading edges of wind turbine blades are vulnerable to damage from rain, hail, sand, and other environmental factors.
“Coatings segment is expected to emerge as the fastest segment by Protection type.”
Based on Protection type, the wind turbine protection market has been segmented into Coatings, Tapes & films. Coatings is expected to be the fastest segment in the market. The coatings segment in the wind turbine protection market plays a crucial role in enhancing the durability and efficiency of wind turbines. These coatings, crafted from materials such as polyurethanes, epoxies, and fluoropolymers, are applied to various turbine components to safeguard them from environmental and operational stresses.
“Asia pacific is expected to be the largest region in the wind turbine protection market.”
Asia pacific is expected to be the largest region in the wind turbine protection market between 2024 –2029. The market in Asia pacific comprises China, India, Japan and Australia. The growth of the wind turbine protection market in the Asia pacific region is largely supported by countries like China and India. The Asia Pacific region experiences a wide range of extreme weather conditions, from typhoons in East Asia to cyclones in the Indian Ocean, necessitating robust protection systems for wind turbines.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 50%, Europe- 30%, Asia Pacific- 20%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Wind turbine protection market is dominated by a few major players that have a wide regional presence. The leading players in the Wind turbine protection market are BASF SE (Germany), 3M (US), Akzo Nobel N.V. (Netherlands), Trelleborg AB (Sweden), Hempel A/S (Denmark).
Research Coverage:
The report defines, describes, and forecasts the wind turbine protection market, by protection type, by equipment, by end user, for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the wind turbine protection market.
Key Benefits of Buying the Report
- Rising demand for renewable energy sources, increasing need for efficient solutions for longer life and operational cost reduction of wind turbines are some of the factors driving the wind turbine protection market. High capital investment of wind turbines installation hinder wind turbine protection market growth. Growing R&D towards the improved efficiency of wind protection coating materials offer lucrative opportunities in this market. The Complex maintenance requirements of wind turbines are some of the challenges faced in this market.
- Product Development/ Innovation: The developments such as the Leading edge protection and lightning protection systems (LPS) is a pivotal trend in wind turbine protection development. LPS are systems that are embedded within the blade structure to safely conduct lightning strikes to the ground. Leading edge protection are Enhanced materials and coatings applied to the leading edge of turbine blades to protect against erosion caused by rain, dust, and sand.
- Market Development: The development of wind turbine protection is essential for maximizing the lifespan and performance of wind turbines, reducing maintenance costs, and ensuring the reliable generation of renewable energy. Favorable government policies promoting energy security, increasing investments in wind energy technologies create wind turbine protection market growth.
- Market Diversification: The Sherwin-Williams Company announced the acquisition of European industrial coatings business of Sika AG. The acquired business will become part of the Company's Performance Coatings Group operating segment.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BASF SE (Germany), 3M (US), Akzo Nobel N.V. (Netherlands), Trelleborg AB (Sweden), Hempel A/S (Denmark) among others in the wind turbine protection market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.1.2 List of major secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.2.2.3 Participants for primary interviews with experts
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional analysis
2.3.3.2 Country-level analysis
2.3.3.3 Assumptions for demand-side analysis
2.3.3.4 Calculations for demand-side analysis
2.3.4 SUPPLY-SIDE ANALYSIS
2.3.4.1 Assumptions for supply-side analysis
2.3.4.2 Calculations for supply-side analysis
2.4 FORECAST
2.5 RISK ASSESSMENT
2.6 RESEARCH ASSUMPTIONS
2.7 LIMITATIONS
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WIND TURBINE PROTECTION MARKET
4.2 WIND TURBINE PROTECTION MARKET, BY REGION
4.3 WIND TURBINE PROTECTION MARKET IN ASIA PACIFIC, BY PROTECTION TYPE AND COUNTRY
4.4 WIND TURBINE PROTECTION MARKET, BY EQUIPMENT
4.5 WIND TURBINE PROTECTION MARKET, BY PROTECTION TYPE
4.6 WIND TURBINE PROTECTION MARKET, BY END USER
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising electricity production from renewable energy sources
5.2.1.2 Growing demand for protection solutions to extend life and reduce operational cost of wind turbines
5.2.2 RESTRAINTS
5.2.2.1 High investments in wind turbine installation
5.2.3 OPPORTUNITIES
5.2.3.1 Growing research and development (R&D) for improving efficiency of wind protection coating materials
5.2.4 CHALLENGES
5.2.4.1 Development of cost-effective protection materials under stringent environmental regulations
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 COVESTRO WITH ZHUZHOU TIMES NEW MATERIAL TECHNOLOGY (TMT) DEVELOPED AND IMPLEMENTED POLYURETHANE RESIN FOR WIND TURBINE BLADES
5.6.2 POLYTECH IMPLEMENTED RAIN EROSION TESTER FROM R&D TEST SYSTEMS TO VALIDATE DURABILITY OF PRODUCTS AGAINST RAIN EROSION
5.6.3 RESEARCHERS MITIGATED RAIN EROSION IMPACT ON WIND TURBINE BLADES IN WESTERN EUROPE BY IMPLEMENTING TARGETED EROSION PROTECTION MEASURES, SUCH AS ADVANCED COATINGS AND BLADE DESIGNS
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGY
5.7.1.1 Leading edge protection coatings
5.7.2 ADJACENT TECHNOLOGY
5.7.2.1 Ice prevention coatings
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 320890)
5.8.2 IMPORT SCENARIO (HS CODE 320890)
5.8.3 EXPORT SCENARIO (HS CODE 850231)
5.8.4 IMPORT SCENARIO (HS CODE 850231)
5.9 PATENT ANALYSIS
5.10 KEY CONFERENCES AND EVENTS, 2023–2024
5.11 PRICING ANALYSIS
5.11.1 INDICATIVE PRICING TREND, BY PROTECTION TYPE
5.11.2 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 TARIFFS AND REGULATORY LANDSCAPE
5.13.1 TARIFF RELATED TO WIND TURBINE PROTECTION SOLUTIONS
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 CODES AND REGULATIONS
5.14 PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 WIND TURBINE PROTECTION MARKET, BY PROTECTION TYPE
6.1 INTRODUCTION
6.2 COATINGS
6.2.1 RISING APPLICATIONS OF COATINGS TO ENHANCE DURABILITY AND REDUCE MAINTENANCE COST OF WIND TURBINES INSTALLED IN DIVERSE ENVIRONMENTAL CONDITIONS TO DRIVE MARKET
6.2.2 POLYURETHANE COATINGS
6.2.2.1 High durability, adhesion strength, and weather resistance features to drive demand
6.2.3 EPOXY COATINGS
6.2.3.1 Excellent longevity and reliability features to fuel demand
6.2.4 OTHER COATINGS
6.3 TAPES & FILMS
6.3.1 EASE OF APPLICATION AND PROTECTION AGAINST EROSION AND UV TO FUEL DEMAND
7 WIND TURBINE PROTECTION MARKET, BY EQUIPMENT
7.1 INTRODUCTION
7.2 TOWERS
7.2.1 ADVANCEMENTS IN TOWER PROTECTIVE SOLUTIONS TO DRIVE DEMAND
7.3 BLADES
7.3.1 NEED TO PROTECT WIND TURBINE BLADES TO ENSURE EFFICIENCY AND LONGEVITY OF WIND TURBINES TO DRIVE DEMAND
7.4 NACELLES
7.4.1 USE TO SAFEGUARD CRUCIAL COMPONENTS FROM HARSH ENVIRONMENTAL AND OPERATIONAL STRESSES TO DRIVE MARKET
7.5 OTHERS
8 WIND TURBINE PROTECTION MARKET, BY END USER
8.1 INTRODUCTION
8.2 ONSHORE
8.2.1 NEED TO ENHANCE DURABILITY AND PERFORMANCE OF WIND TURBINE COMPONENTS TO FUEL DEMAND
8.3 OFFSHORE
8.3.1 NEED FOR ROBUST SOLUTIONS TO WITHSTAND HARSH MARINE ENVIRONMENTS TO DRIVE DEMAND
9 WIND TURBINE PROTECTION MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN NORTH AMERICA
9.2.1.1 US
9.2.1.1.1 Increasing renewable energy mandates and number of sales contracts to propel market
9.2.1.2 Canada
9.2.1.2.1 Active government initiatives to reduce greenhouse gas emissions to boost market growth
9.2.1.3 Mexico
9.2.1.3.1 Strategic investments in expanding offshore wind capacities and clean energy commitments to drive market
9.3 ASIA PACIFIC
9.3.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN ASIA PACIFIC
9.3.2 CHINA
9.3.2.1 Expanding wind turbine industry to drive demand
9.3.3 INDIA
9.3.3.1 Promotion of wind power projects through private sector investment by providing various fiscal and financial incentives to drive demand
9.3.4 AUSTRALIA
9.3.4.1 Presence of onshore wind farms to drive demand
9.3.5 JAPAN
9.3.5.1 Need to diversify energy sources and increased wind power capacity to fuel market growth
9.3.6 REST OF ASIA PACIFIC
9.4 SOUTH AMERICA
9.4.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN SOUTH AMERICA
9.4.1.1 Brazil
9.4.1.1.1 Favorable wind conditions and comprehensive government support to propel market
9.4.1.2 Argentina
9.4.1.2.1 Abundant wind resources to boost market growth
9.4.1.3 Rest of South America
9.5 MIDDLE EAST & AFRICA
9.5.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN MIDDLE EAST & AFRICA
9.5.1.1 South Africa
9.5.1.1.1 Expansion of renewable energy capacity with several new wind projects in various stages of development to fuel demand
9.5.1.2 Egypt
9.5.1.2.1 Expansion of wind farms to drive demand
9.5.1.3 Jordan
9.5.1.3.1 Strategic focus on renewable energy and upcoming new wind farms to fuel market growth
9.5.1.4 Rest of Middle East & Africa
9.6 EUROPE
9.6.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN EUROPE
9.6.1.1 Germany
9.6.1.1.1 Increasing wind turbine installations to drive market
9.6.1.2 Spain
9.6.1.2.1 Expanding onshore and potentially offshore capacities to drive demand
9.6.1.3 UK
9.6.1.3.1 Presence of extensive offshore farms to drive demand
9.6.1.4 France
9.6.1.4.1 Increasing onshore and offshore wind turbine installations in northern and western regions to fuel demand
9.6.1.5 Sweden
9.6.1.5.1 Ambitious decarbonization and electrification goals to drive market
9.6.1.6 Rest of Europe
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023
10.3 MARKET SHARE ANALYSIS, 2023
10.4 REVENUE ANALYSIS, 2019–2023
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.5.5.1 Overall footprint
10.5.5.2 End user footprint
10.5.5.3 Region footprint
10.5.5.4 Protection type footprint
10.5.5.5 Equipment footprint
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.6.5.1 List of key startups/SMEs
10.6.5.2 Competitive benchmarking of key startups/SMEs
10.7 COMPETITIVE SCENARIOS AND TRENDS
10.7.1 PRODUCT LAUNCHES
10.7.2 OTHERS
10.7.3 DEALS
10.7.4 EXPANSIONS
10.8 COMPANY VALUATION AND FINANCIAL METRICS
10.9 BRAND/PRODUCT COMPARISON
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 3M
11.1.1.1 Business overview
11.1.1.2 Products/Services/Solutions offered
11.1.1.3 MnM view
11.1.1.3.1 Key strengths/Right to win
11.1.1.3.2 Strategic choices
11.1.1.3.3 Weaknesses/Competitive threats
11.1.2 HEMPEL A/S
11.1.2.1 Business overview
11.1.2.2 Products/Services/Solutions offered
11.1.2.3 Recent developments
11.1.2.3.1 Product launches
11.1.2.3.2 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths/Right to win
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses/Competitive threats
11.1.3 AKZO NOBEL N.V.
11.1.3.1 Business overview
11.1.3.2 Products/Services/Solutions offered
11.1.3.3 Recent developments
11.1.3.3.1 Expansions
11.1.3.4 MnM view
11.1.3.4.1 Key strengths/Right to win
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses/Competitive threats
11.1.4 TRELLEBORG AB
11.1.4.1 Business overview
11.1.4.2 Products/Services/Solutions offered
11.1.4.3 MnM view
11.1.4.3.1 Key strengths/Right to win
11.1.4.3.2 Strategic choices
11.1.4.3.3 Weaknesses/Competitive threats
11.1.5 BASF SE
11.1.5.1 Business overview
11.1.5.2 Products/Services/Solutions offered
11.1.5.3 Recent developments
11.1.5.3.1 Others
11.1.5.4 MnM view
11.1.5.4.1 Key strengths/Right to win
11.1.5.4.2 Strategic choices
11.1.5.4.3 Weaknesses/Competitive threats
11.1.6 COVESTRO AG
11.1.6.1 Business overview
11.1.6.2 Products/Services/Solutions offered
11.1.7 THE SHERWIN-WILLIAMS COMPANY
11.1.7.1 Business overview
11.1.7.2 Products/Services/Solutions offered
11.1.7.3 Recent developments
11.1.7.3.1 Deals
11.1.7.3.2 Expansions
11.1.8 SIKA AG
11.1.8.1 Business overview
11.1.8.2 Products/Services/Solutions offered
11.1.9 TEKNOS GROUP
11.1.9.1 Business overview
11.1.9.2 Products/Services/Solutions offered
11.1.10 JOTUN
11.1.10.1 Business overview
11.1.10.2 Products/Services/Solutions offered
11.1.11 POLYTECH
11.1.11.1 Business overview
11.1.11.2 Products/Services/Solutions offered
11.1.11.3 Recent developments
11.1.11.3.1 Product launches
11.1.11.3.2 Deals
11.1.12 PPG INDUSTRIES, INC.
11.1.12.1 Business overview
11.1.12.2 Products/Services/Solutions offered
11.1.12.3 Recent developments
11.1.12.3.1 Product launches
11.1.13 LM WIND POWER
11.1.13.1 Business overview
11.1.13.2 Products/Services/Solutions offered
11.1.14 GEV WIND POWER LIMITED
11.1.14.1 Business overview
11.1.14.2 Products/Services/Solutions offered
11.1.14.3 Recent developments
11.1.14.3.1 Deals
11.1.15 MANKIEWICZ
11.1.15.1 Business overview
11.1.15.2 Products/Services/Solutions offered
11.1.15.3 Recent developments
11.1.15.3.1 Deals
11.1.16 DUPONT
11.1.16.1 Business overview
11.1.16.2 Products/Services/Solutions offered
11.1.17 BELZONA INTERNATIONAL LTD.
11.1.17.1 Business overview
11.1.17.2 Products/Services/Solutions offered
11.1.18 KRAIBURG HOLDING SE & CO. KG
11.1.18.1 Business overview
11.1.18.2 Products/Services/Solutions offered
11.1.19 TESA TAPES (INDIA) PRIVATE LIMITED
11.1.19.1 Business overview
11.1.19.2 Products/Services/Solutions offered
11.1.20 DOPAG INDIA PVT LTD.
11.1.20.1 Business overview
11.1.20.2 Products/Services/Solutions offered
11.2 OTHER PLAYERS
11.2.1 AEROX
11.2.2 PES-PERFORMANCE
11.2.3 THERMION
11.2.4 PARAFIX TAPES & CONVERSIONS LTD
11.2.5 BERGOLIN GMBH & CO. KG
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.1.2 List of major secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.2.2.3 Participants for primary interviews with experts
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional analysis
2.3.3.2 Country-level analysis
2.3.3.3 Assumptions for demand-side analysis
2.3.3.4 Calculations for demand-side analysis
2.3.4 SUPPLY-SIDE ANALYSIS
2.3.4.1 Assumptions for supply-side analysis
2.3.4.2 Calculations for supply-side analysis
2.4 FORECAST
2.5 RISK ASSESSMENT
2.6 RESEARCH ASSUMPTIONS
2.7 LIMITATIONS
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WIND TURBINE PROTECTION MARKET
4.2 WIND TURBINE PROTECTION MARKET, BY REGION
4.3 WIND TURBINE PROTECTION MARKET IN ASIA PACIFIC, BY PROTECTION TYPE AND COUNTRY
4.4 WIND TURBINE PROTECTION MARKET, BY EQUIPMENT
4.5 WIND TURBINE PROTECTION MARKET, BY PROTECTION TYPE
4.6 WIND TURBINE PROTECTION MARKET, BY END USER
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising electricity production from renewable energy sources
5.2.1.2 Growing demand for protection solutions to extend life and reduce operational cost of wind turbines
5.2.2 RESTRAINTS
5.2.2.1 High investments in wind turbine installation
5.2.3 OPPORTUNITIES
5.2.3.1 Growing research and development (R&D) for improving efficiency of wind protection coating materials
5.2.4 CHALLENGES
5.2.4.1 Development of cost-effective protection materials under stringent environmental regulations
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 COVESTRO WITH ZHUZHOU TIMES NEW MATERIAL TECHNOLOGY (TMT) DEVELOPED AND IMPLEMENTED POLYURETHANE RESIN FOR WIND TURBINE BLADES
5.6.2 POLYTECH IMPLEMENTED RAIN EROSION TESTER FROM R&D TEST SYSTEMS TO VALIDATE DURABILITY OF PRODUCTS AGAINST RAIN EROSION
5.6.3 RESEARCHERS MITIGATED RAIN EROSION IMPACT ON WIND TURBINE BLADES IN WESTERN EUROPE BY IMPLEMENTING TARGETED EROSION PROTECTION MEASURES, SUCH AS ADVANCED COATINGS AND BLADE DESIGNS
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGY
5.7.1.1 Leading edge protection coatings
5.7.2 ADJACENT TECHNOLOGY
5.7.2.1 Ice prevention coatings
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 320890)
5.8.2 IMPORT SCENARIO (HS CODE 320890)
5.8.3 EXPORT SCENARIO (HS CODE 850231)
5.8.4 IMPORT SCENARIO (HS CODE 850231)
5.9 PATENT ANALYSIS
5.10 KEY CONFERENCES AND EVENTS, 2023–2024
5.11 PRICING ANALYSIS
5.11.1 INDICATIVE PRICING TREND, BY PROTECTION TYPE
5.11.2 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 TARIFFS AND REGULATORY LANDSCAPE
5.13.1 TARIFF RELATED TO WIND TURBINE PROTECTION SOLUTIONS
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 CODES AND REGULATIONS
5.14 PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 WIND TURBINE PROTECTION MARKET, BY PROTECTION TYPE
6.1 INTRODUCTION
6.2 COATINGS
6.2.1 RISING APPLICATIONS OF COATINGS TO ENHANCE DURABILITY AND REDUCE MAINTENANCE COST OF WIND TURBINES INSTALLED IN DIVERSE ENVIRONMENTAL CONDITIONS TO DRIVE MARKET
6.2.2 POLYURETHANE COATINGS
6.2.2.1 High durability, adhesion strength, and weather resistance features to drive demand
6.2.3 EPOXY COATINGS
6.2.3.1 Excellent longevity and reliability features to fuel demand
6.2.4 OTHER COATINGS
6.3 TAPES & FILMS
6.3.1 EASE OF APPLICATION AND PROTECTION AGAINST EROSION AND UV TO FUEL DEMAND
7 WIND TURBINE PROTECTION MARKET, BY EQUIPMENT
7.1 INTRODUCTION
7.2 TOWERS
7.2.1 ADVANCEMENTS IN TOWER PROTECTIVE SOLUTIONS TO DRIVE DEMAND
7.3 BLADES
7.3.1 NEED TO PROTECT WIND TURBINE BLADES TO ENSURE EFFICIENCY AND LONGEVITY OF WIND TURBINES TO DRIVE DEMAND
7.4 NACELLES
7.4.1 USE TO SAFEGUARD CRUCIAL COMPONENTS FROM HARSH ENVIRONMENTAL AND OPERATIONAL STRESSES TO DRIVE MARKET
7.5 OTHERS
8 WIND TURBINE PROTECTION MARKET, BY END USER
8.1 INTRODUCTION
8.2 ONSHORE
8.2.1 NEED TO ENHANCE DURABILITY AND PERFORMANCE OF WIND TURBINE COMPONENTS TO FUEL DEMAND
8.3 OFFSHORE
8.3.1 NEED FOR ROBUST SOLUTIONS TO WITHSTAND HARSH MARINE ENVIRONMENTS TO DRIVE DEMAND
9 WIND TURBINE PROTECTION MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN NORTH AMERICA
9.2.1.1 US
9.2.1.1.1 Increasing renewable energy mandates and number of sales contracts to propel market
9.2.1.2 Canada
9.2.1.2.1 Active government initiatives to reduce greenhouse gas emissions to boost market growth
9.2.1.3 Mexico
9.2.1.3.1 Strategic investments in expanding offshore wind capacities and clean energy commitments to drive market
9.3 ASIA PACIFIC
9.3.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN ASIA PACIFIC
9.3.2 CHINA
9.3.2.1 Expanding wind turbine industry to drive demand
9.3.3 INDIA
9.3.3.1 Promotion of wind power projects through private sector investment by providing various fiscal and financial incentives to drive demand
9.3.4 AUSTRALIA
9.3.4.1 Presence of onshore wind farms to drive demand
9.3.5 JAPAN
9.3.5.1 Need to diversify energy sources and increased wind power capacity to fuel market growth
9.3.6 REST OF ASIA PACIFIC
9.4 SOUTH AMERICA
9.4.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN SOUTH AMERICA
9.4.1.1 Brazil
9.4.1.1.1 Favorable wind conditions and comprehensive government support to propel market
9.4.1.2 Argentina
9.4.1.2.1 Abundant wind resources to boost market growth
9.4.1.3 Rest of South America
9.5 MIDDLE EAST & AFRICA
9.5.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN MIDDLE EAST & AFRICA
9.5.1.1 South Africa
9.5.1.1.1 Expansion of renewable energy capacity with several new wind projects in various stages of development to fuel demand
9.5.1.2 Egypt
9.5.1.2.1 Expansion of wind farms to drive demand
9.5.1.3 Jordan
9.5.1.3.1 Strategic focus on renewable energy and upcoming new wind farms to fuel market growth
9.5.1.4 Rest of Middle East & Africa
9.6 EUROPE
9.6.1 IMPACT OF RECESSION ON WIND TURBINE PROTECTION MARKET IN EUROPE
9.6.1.1 Germany
9.6.1.1.1 Increasing wind turbine installations to drive market
9.6.1.2 Spain
9.6.1.2.1 Expanding onshore and potentially offshore capacities to drive demand
9.6.1.3 UK
9.6.1.3.1 Presence of extensive offshore farms to drive demand
9.6.1.4 France
9.6.1.4.1 Increasing onshore and offshore wind turbine installations in northern and western regions to fuel demand
9.6.1.5 Sweden
9.6.1.5.1 Ambitious decarbonization and electrification goals to drive market
9.6.1.6 Rest of Europe
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023
10.3 MARKET SHARE ANALYSIS, 2023
10.4 REVENUE ANALYSIS, 2019–2023
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.5.5.1 Overall footprint
10.5.5.2 End user footprint
10.5.5.3 Region footprint
10.5.5.4 Protection type footprint
10.5.5.5 Equipment footprint
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.6.5.1 List of key startups/SMEs
10.6.5.2 Competitive benchmarking of key startups/SMEs
10.7 COMPETITIVE SCENARIOS AND TRENDS
10.7.1 PRODUCT LAUNCHES
10.7.2 OTHERS
10.7.3 DEALS
10.7.4 EXPANSIONS
10.8 COMPANY VALUATION AND FINANCIAL METRICS
10.9 BRAND/PRODUCT COMPARISON
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 3M
11.1.1.1 Business overview
11.1.1.2 Products/Services/Solutions offered
11.1.1.3 MnM view
11.1.1.3.1 Key strengths/Right to win
11.1.1.3.2 Strategic choices
11.1.1.3.3 Weaknesses/Competitive threats
11.1.2 HEMPEL A/S
11.1.2.1 Business overview
11.1.2.2 Products/Services/Solutions offered
11.1.2.3 Recent developments
11.1.2.3.1 Product launches
11.1.2.3.2 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths/Right to win
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses/Competitive threats
11.1.3 AKZO NOBEL N.V.
11.1.3.1 Business overview
11.1.3.2 Products/Services/Solutions offered
11.1.3.3 Recent developments
11.1.3.3.1 Expansions
11.1.3.4 MnM view
11.1.3.4.1 Key strengths/Right to win
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses/Competitive threats
11.1.4 TRELLEBORG AB
11.1.4.1 Business overview
11.1.4.2 Products/Services/Solutions offered
11.1.4.3 MnM view
11.1.4.3.1 Key strengths/Right to win
11.1.4.3.2 Strategic choices
11.1.4.3.3 Weaknesses/Competitive threats
11.1.5 BASF SE
11.1.5.1 Business overview
11.1.5.2 Products/Services/Solutions offered
11.1.5.3 Recent developments
11.1.5.3.1 Others
11.1.5.4 MnM view
11.1.5.4.1 Key strengths/Right to win
11.1.5.4.2 Strategic choices
11.1.5.4.3 Weaknesses/Competitive threats
11.1.6 COVESTRO AG
11.1.6.1 Business overview
11.1.6.2 Products/Services/Solutions offered
11.1.7 THE SHERWIN-WILLIAMS COMPANY
11.1.7.1 Business overview
11.1.7.2 Products/Services/Solutions offered
11.1.7.3 Recent developments
11.1.7.3.1 Deals
11.1.7.3.2 Expansions
11.1.8 SIKA AG
11.1.8.1 Business overview
11.1.8.2 Products/Services/Solutions offered
11.1.9 TEKNOS GROUP
11.1.9.1 Business overview
11.1.9.2 Products/Services/Solutions offered
11.1.10 JOTUN
11.1.10.1 Business overview
11.1.10.2 Products/Services/Solutions offered
11.1.11 POLYTECH
11.1.11.1 Business overview
11.1.11.2 Products/Services/Solutions offered
11.1.11.3 Recent developments
11.1.11.3.1 Product launches
11.1.11.3.2 Deals
11.1.12 PPG INDUSTRIES, INC.
11.1.12.1 Business overview
11.1.12.2 Products/Services/Solutions offered
11.1.12.3 Recent developments
11.1.12.3.1 Product launches
11.1.13 LM WIND POWER
11.1.13.1 Business overview
11.1.13.2 Products/Services/Solutions offered
11.1.14 GEV WIND POWER LIMITED
11.1.14.1 Business overview
11.1.14.2 Products/Services/Solutions offered
11.1.14.3 Recent developments
11.1.14.3.1 Deals
11.1.15 MANKIEWICZ
11.1.15.1 Business overview
11.1.15.2 Products/Services/Solutions offered
11.1.15.3 Recent developments
11.1.15.3.1 Deals
11.1.16 DUPONT
11.1.16.1 Business overview
11.1.16.2 Products/Services/Solutions offered
11.1.17 BELZONA INTERNATIONAL LTD.
11.1.17.1 Business overview
11.1.17.2 Products/Services/Solutions offered
11.1.18 KRAIBURG HOLDING SE & CO. KG
11.1.18.1 Business overview
11.1.18.2 Products/Services/Solutions offered
11.1.19 TESA TAPES (INDIA) PRIVATE LIMITED
11.1.19.1 Business overview
11.1.19.2 Products/Services/Solutions offered
11.1.20 DOPAG INDIA PVT LTD.
11.1.20.1 Business overview
11.1.20.2 Products/Services/Solutions offered
11.2 OTHER PLAYERS
11.2.1 AEROX
11.2.2 PES-PERFORMANCE
11.2.3 THERMION
11.2.4 PARAFIX TAPES & CONVERSIONS LTD
11.2.5 BERGOLIN GMBH & CO. KG
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
