Adhesive market for global wind energy sector to grow at CAGR of 8.8% during 2014-2019
Wind Energy, Adhesive
Adhesives play a key role in the lifetime mechanical performance of wind turbines.
Adhesives, in the wind energy industry, are mainly used in bonding of the two halves of a composite turbine blade during manufacture, during nacelle assembly, and in holding associated structures. Anaerobic adhesives play a critical role throughout the turbine assembly - locking and sealing threaded fasteners at the base, tower, nacelle, and blades. A variety of adhesives based on epoxy, polyurethane, methacrylate, and vinyl ester resin with differing cure chemistries are used for the blades, nacelle covers, and elements.
Asia Pacific is anticipated to generate the maximum demand for adhesives in the wind energy sector due to the region’s global domination in cumulative installed wind power capacity during 2014-2019.
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The growing number of new wind turbine installations, requirement of modular turbine blades, and increasing average length of blades are major driving forces for adhesives in the wind energy industry. Larger blades, most of which are in modular form for multi-MW capacity turbines, are growing in demand. Typically these are of complex design, requiring high performance adhesives based on epoxies and polyurethanes, that play a critical role in the life and financial soundness of wind turbines. Blade halves and nacelle body components are bonded together and sealed using structural adhesives that prevent crack propagation, micro-cracking and fatigue and ensure long-term integrity of the structure. Anaerobic adhesives, typically based on acrylates, are used for locking and sealing threaded fasteners at the base, tower, blades, and nacelle. Thread locking and structural adhesives keep accessories, such as ladders and platforms, in place and prevent fastener failure.
Adhesives in the global wind energy industry are expected to grow at a CAGR of 8.8% during 2014-2019, promising huge opportunities for firms operating in the industry. Asia Pacific dominates the consumption of adhesives in the wind energy industry due to increasing installations of wind turbines in China and India, driven by supportive government policies and incentives, coupled with increasing emphasis on clean energy.
Lucintel’s report analyses emerging market trends, competitive landscapes, company profiles and key drivers of growth. It includes forecast for adhesives in the global wind energy market through 2019, segmented by regions, applications, and product types:
• North America
• Asia Pacific
• Rest of World
• Blade Bonding
• Nacelle Assembly
• Stringer Structural Bonding
• Other structures
To view Table of Content (TOC):http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_adhesives_in_global_wind_energy_industry_2014-2019_trend_forecast_and_opportunity_analysis_january_2014.aspx
, Wind Energy