IRVING, Texas, Feb. 3, 2014 /PRNewswire-iReach/ -- The growth of new wind turbine installations and increasing use of modular wind blades is anticipated to drive the demand for adhesives in wind energy industry. Lucintel anticipates APAC to be the largest region for adhesives demand in wind energy industry during forecast period. Total worldwide adhesive consumption in 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 next five years and reach US $220 million by 2019 with a CAGR of 8.8% during 2014-2019.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in "Growth Opportunities for Adhesives in Global Wind Energy Industry 2014-2019: Trend, Forecast, and Opportunity Analysis." The report analyses the adhesive consumption in wind energy industry for all the 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 wind energy industry. APAC dominates the consumption of adhesive in wind energy industry due to huge installations of wind turbines in China and India driven by supportive government incentives, increasing clean energy demand etc.
Lucintel highlights key challenges faced by the adhesives in global wind energy industry. Inconsistency in government supports and grid connectivity issues affect the growth of 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 market report includes market analysis by region and product chemical type as well as by value and volume for the adhesives in wind energy industry. It also provides competitive analysis to the customer. It is important for every player serving the industry to be aware of the emerging trends, voice of market, and unmet needs. This report identifies the emerging trends and unmet needs for adhesives in wind energy industry which impacts the way the industry is run.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, opportunity screening, and cost efficiency. To learn more, visit www.lucintel.com
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, firstname.lastname@example.org
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