Research and Markets: Growth Opportunities for Adhesives in Global Wind Energy Industry 2014-2019: APAC Dominates the Consumption of Adhesive in Wind Energy Industry
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c8hbhh/growth) has announced the addition of the "Growth Opportunities for Adhesives in Global Wind Energy Industry 2014-2019: Trend, Forecast and Opportunity Analysis" report to their offering.
“Growth Opportunities for Adhesives in Global Wind Energy Industry 2014-2019: Trend, Forecast and Opportunity Analysis”
The growth of new wind turbine installations and increasing use of modular wind blades is anticipated to drive the demand for adhesives in the wind energy industry. APAC is anticipated to be the largest region for adhesives demand in the wind energy industry during the forecast period. Total worldwide adhesive consumption in the wind energy industry witnessed significant decline in 2013 as a result of reduced wind turbine installations in the US, India, and other countries. The adhesive market is expected to recover during the next five years and reach US $220 million by 2019 with a CAGR of 8.8% during 2014-2019.
The report analyses the adhesive consumption in the wind energy industry for all four regions and analyses the risk factors and growth opportunities. The market is segmented by region (APAC, Europe, NA, and ROW) and by product chemical type (epoxy, polyurethane, and other adhesives).
The wind energy industry has been growing and is expected to continue as the world increasingly moves towards renewable energy. All the major countries have set targets for generating a portion of their electricity through renewable sources in which wind turbines are anticipated to play a crucial role. Significant installation of wind turbines with increasing prevalence of modular blades is likely to drive the consumption of adhesive in the wind energy industry. APAC dominates the consumption of adhesive in the wind energy industry due to huge installations of wind turbines in China and India driven by supportive government incentives, increasing clean energy demand, etc.
The author highlights key challenges faced by the adhesives in the global wind energy industry. Inconsistency in government supports and grid connectivity issues affect the growth of the wind energy industry, which ultimately impact the adhesives market.
It is necessary to know the market dynamics and future opportunities to make long-term strategic and financial decisions and compete in the market. This report gives insights of the market trend (2008-2013) and forecast period (2014-2019) which will help the interested companies to make key decisions. The report includes market analysis by region and product chemical type as well as by value and volume for the adhesives in the wind energy industry.
For more information visit http://www.researchandmarkets.com/research/c8hbhh/growth.
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