The offshore wind power industry develops rapidly and the market demand for wind power grouting materials continues to rise.

Wind power grouting material is an ultra-high-strength cement-based grouting specially used for the installation of wind turbines. It is a non-shrinkage cement-based grouting that has high strength, high fatigue resistance and other properties, and is flowable and pumpable. Benefiting from the Chinese government’s support for green energy in recent years, the wind power industry has developed rapidly, and the installed capacity continues to rise, driving the growth in market demand for wind power grouting materials.

The development of the wind power grouting material industry is directly related to the newly installed capacity of wind power. In the first half of 2021, my country’s newly installed wind power grid-connected capacity reached 10.84GW, of which the newly installed capacity of onshore wind power was approximately 8.69GW, and the newly installed capacity of offshore wind power was approximately 8.69GW. Approximately 2.14GW. In the first half of 2021, my country’s new grid-connected wind power capacity increased by more than 70% compared with the same period last year. Among them, the new onshore wind power grid-connected capacity increased by 65% ​​compared with the previous year, while the new offshore wind power grid-connected capacity increased by 65% ​​compared with the previous year. The installed capacity increased by more than 100% compared with last year. Benefiting from the growth of wind power installed capacity, especially the growth of offshore wind power installed capacity, the application demand for wind power grouting materials continues to rise, and the industry has developed.

According to the “China Wind Power Grouting Materials Industry Market In-depth Research and Development Prospects Forecast Report 2021-2026” released by the Industrial Research Center, During the “14th Five-Year Plan” period, my country’s wind power installed capacity will still show a growth trend, and the cumulative offshore wind power installed capacity is expected to reach 45GW in the five years. If each additional 1GW requires 13,000-25,000 tons of grouting materials, then during the 14th Five-Year Plan period, my country’s demand for grouting materials will be approximately 585,000-1.125 million tons. Based on the current average price of grouting materials for offshore wind turbines in my country, it can be concluded that during the 14th Five-Year Plan period The market size of grouting materials for wind power installations in my country is approximately RMB 2.93-5.63 billion.

As my country’s wind power industry develops towards deep sea and large-scale development, the demand for grouting materials for a single wind turbine continues to rise, so the future development prospects of the wind power grouting material industry are good. In terms of production, the current domestic wind power grouting material market is mainly occupied by overseas chemical giants, such as BASF, Sika and other companies. However, compared with imported grouting materials, domestic products have shorter transportation distances, shorter supply cycles, and faster after-sales services. Therefore, the substitution rate of domestic grouting materials has accelerated in recent years. Benefiting from domestic substitution, Subote, as the leader in the domestic grouting material market, has continued to expand its market share.

From the perspective of industry development, benefiting from policy support, the development of offshore wind power will accelerate in the future, and the power of offshore wind turbines will continue to increase. In the future, the demand for offshore applications of units above 8MW will continue to rise, while onshore units will still be dominated by 4MW units. In the future, driven by the development of the offshore wind power industry, the market demand for wind power grouting materials will continue to maintain a growth trend.

Industry analysts said that benefiting from my country’s support for the development of environmentally friendly energy, my country’s installed wind power capacity has continued to rise in recent years, especially The rapid development of offshore wind power has also driven the market demand for wind power grouting materials to continue to rise, and the industry has developed rapidly. In terms of production, my country’s wind power grouting materials still rely on imports. However, driven by the downstream demand for domestic substitution, local wind power grouting material companies have gradually realized domestic substitution, and their market share has continued to grow.