New Product Development Fuels Competitive In-house R&D and Strategic Acquisitions
This study presents an assessment of the current status and future prospects of the global market for coatings, adhesives and sealants, and elastomers (CASE) in renewable energy applications: solar, wind, and other (hydroelectric, fuel cell, biomass, biogas, bioenergy, geothermal, and tidal energies). The research accounts for volume shipment and revenue generated by the global market from 2017 to 2027. Revenue is recorded at the manufacturer level.
Wind energy is proving to be an extremely affordable form of electricity, and the average cost of wind power has been declining significantly during the past few years. As a result, more than 60GW of wind energy capacity was installed in 2019 globally, at both onshore and offshore locations, with offshore installations contributing to an estimated 10% of the total. Both onshore and offshore wind installations are increasing steadily worldwide, which is expected to drive demand for CASE products in the next few years. For instance, in the United States, an estimated 35,000 megawatts of additional capacity is projected in the near future.
In this analysis, different chemistries for each CASE product type are discussed for each product segment. The key technologies pertaining to every product area have been considered during the course of the research conducted at a global level. Applications have been quantitatively explained for all key product types along with chemistry and technology type with regard to the total CASE market for renewable energy applications. All regional markets have been broken down further into key sub-regions.
Key Issues Addressed
- What are the product chemistry and end-use application trends in the CASE market for renewable energy applications?
- What are the major challenges the participants in the CASE market for renewable energy applications face?
- What are the key factors that drive or restrict growth in this market?
- What are the major CASE markets for renewable energy applications?
- Which are the key market participants in the CASE market for renewable energy applications?
- What are the regional trends in the market?