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According to our (Global Info Research) latest study, the global Special Epoxy Resins for Wind-power Blades market size was valued at USD 2402.1 million in 2022 and is forecast to a readjusted size of USD 4658.4 million by 2029 with a CAGR of 9.9% during review period.
Epoxy resins are organic compounds whose molecules contain two or more epoxy groups. Epoxy resin for wind turbine blades is made from basic epoxy resin, which has excellent strength to weight ratio, high temperature resistance and corrosion resistance, and can meet the requirements of wind turbine blades. The production of wind turbine blades mostly uses composite materials containing fiber reinforced materials (such as glass fiber and carbon fiber), plastic polymers (polyester and epoxy vinyl resin), sandwich materials (PVC and PET, etc.) and coatings (polyurethane).
Global key players of special epoxy resin for wind turbine blades include Westlake Chemical Corporation, Olin Corp, Techstorm Advanced Material, Swancor Advanced Materials and Kangda New Material. Top five players occupy for a share about 75%. China is the largest market, with a share about 60%. In terms of product type, resin injection is the largest subdivision, accounting for about 84% of the market share. At the same time, in terms of application, >5.0 MW is the largest downstream field, accounting for about 56%.
The Global Info Research report includes an overview of the development of the Special Epoxy Resins for Wind-power Blades industry chain, the market status of <2.0 MW (Hand Lay-up Resin, Infusion Resin), 2.0-3.0 MW (Hand Lay-up Resin, Infusion Resin), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Special Epoxy Resins for Wind-power Blades.
Regionally, the report analyzes the Special Epoxy Resins for Wind-power Blades markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Special Epoxy Resins for Wind-power Blades market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Special Epoxy Resins for Wind-power Blades market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Special Epoxy Resins for Wind-power Blades industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Hand Lay-up Resin, Infusion Resin).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Special Epoxy Resins for Wind-power Blades market.
Regional Analysis: The report involves examining the Special Epoxy Resins for Wind-power Blades market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Special Epoxy Resins for Wind-power Blades market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Special Epoxy Resins for Wind-power Blades:
Company Analysis: Report covers individual Special Epoxy Resins for Wind-power Blades manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Special Epoxy Resins for Wind-power Blades This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (<2.0 MW, 2.0-3.0 MW).
Technology Analysis: Report covers specific technologies relevant to Special Epoxy Resins for Wind-power Blades. It assesses the current state, advancements, and potential future developments in Special Epoxy Resins for Wind-power Blades areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Special Epoxy Resins for Wind-power Blades market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Special Epoxy Resins for Wind-power Blades market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Hand Lay-up Resin
- Infusion Resin
- Other
Market segment by Application
- <2.0 MW
- 2.0-3.0 MW
- 3.0-5.0 MW
- >5.0 MW
Major players covered
- Westlake Chemical Corporation
- Olin Corp
- Techstorm Advanced Material
- Swancor Advanced Materials
- Kangda New Materials
- Wells Advanced Materials
- Sichuan Dongshu New Materials
- Bohui New Materials
- Huntsman
- Guangzhou Pochely New Materials Technology
- Epoxy Base Electronic Material Corporation Limited
- BASF
- Changshu Jiafa Chemical
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Special Epoxy Resins for Wind-power Blades product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Special Epoxy Resins for Wind-power Blades, with price, sales, revenue and global market share of Special Epoxy Resins for Wind-power Blades from 2018 to 2023.
Chapter 3, the Special Epoxy Resins for Wind-power Blades competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Special Epoxy Resins for Wind-power Blades breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Special Epoxy Resins for Wind-power Blades market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Special Epoxy Resins for Wind-power Blades.
Chapter 14 and 15, to describe Special Epoxy Resins for Wind-power Blades sales channel, distributors, customers, research findings and conclusion.