The global wind turbine adhesive market is anticipated to grow at a significant CAGR during the forecast period. The wind turbine business has changed drastically in recent years as a result of significant technological advancement and greater governmental and private sector investment. As a result, these factors are pushing down the cost of wind energy, making it more affordable and accessible to businesses and communities.
Turbine construction and the use of structural adhesives during the assembly process is perhaps the most significant breakthrough that has aided in the greater mechanisation and harnessing of wind energy recently. The utilisation of modular and composite blades is becoming more frequent as the industry’s manufacturing and fastening capabilities change. As a result, demand for adhesives is also increasing as a result of these new construction approaches.
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Turbines can also be installed in any environment, including offshore, deserts, and mountains. Turbines take up less commercial area due to their adaptability, and their power stations are often smaller than those of other energy sources. One of the most important reasons for the success of wind turbine adhesives is that they evenly distribute pressure points across the entire band, as opposed to previous fastening methods, which created single stress points that increased the risk of degradation and malfunction that is further boosting the market growth.
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Market Coverage:
- The market number available for – 2020-2027
- The base year – 2020
- The forecast period is from 2021 to 2027
- Segment Covered-
o By Product Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the Word
- Competitive Landscape: Henkel, H.B. Fuller, 3M Company, Epic Resins, Sika, Wacker Chemie AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wind Turbine Adhesive Market by Segments
By Type
- Epoxy-based Adhesive
- Polyurethane-based Adhesive
- Acrylic-based Adhesive
- Others
By Application
- 2.0-3.0 MW
- 3.0-5.0 MW
- >5.0 MW
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