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Wind Turbine Composite Materials Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

  • ID : 178240
  • Date : April, 2018
  • Region : Global
  • Pages :

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Wind Turbine Composite Materials Market


Market Synopsis:
Wind turbine composite materials are materials which are used for making wind turbines parts such as blades. Composite materials are mostly made of two or more materials with varying chemical and physical properties. These materials when combined together produce different materials with properties different from original. However, composites are made by using number of fibers such as carbon and glass. Resins such as epoxy, polyester, polyurethane, and vinyl ester contribute in making these composites. Moreover, these composite materials are used in the wind energy industry for manufacturing various components of wind turbines such as wind blades and nacelles.


The increased government support for various wind projects and stringent environment regulations are major drivers propelling the growth of the market. The continuous depletion of fossil fuels and global warming caused by its usage has shifted the interest form conventional energy to green energy. Moreover, the other factors propelling the growth of market includes increasing length of wind turbine blades, increasing use of carbon fiber in wind blades, and growing demand for renewable energy sources. On the other hand, there are various factors hampering the growth of market such as high cost of carbon fiber and epoxy resin, recyclability issue of composites, and high dependence of wind energy industry on government subsidies.


Market segmentation:
Based on the segmentation of the global wind turbine composite materials market, it is bifurcated into various segments such as by fiber type, by resin type, by manufacturing process, and by region. The fiber type segment is categorized as under carbon fiber, glass fiber, and other fibers. The demand for glass fiber type is increasing as it is easily available and is cost effective. Based on the resin type, the market is divided into epoxy resin, polyester resin, vinylester resin, and other resins. The manufacturing process of the market is divided into blades, nacelles, and others.


Regional analysis:
Geographically, the global wind turbine composite materials market is divided into various regions such as North America, Europe, APAC, and LAMEA. Asia Pacific is considered to be the leading region in the wind turbine composite materials market. Key factors contributing to the growth includes increasing demand for renewable energy resources, increasing demand for light weight and high strength materials used in manufacturing of various parts of wind turbines, and support government initiatives such as favorable policies, wind power development programs, government regulations concerning renewable energy, and adjusted feed in tariffs for land-based wind power installations.


Key Players:
On the basis of competitive analysis, the market is classified into major players such as AREVA Wind GmbH, Cytec Solvay Group, Gurit Holding AG, LM Wind Power, Royal Ten Cate N.V., Siemens AG, Suzlon Energy Limited, Toray Industries, TPI Composites Inc., and Vestas Wind Systems A/S.


Wind Turbine Composite Materials Market Segmentation


By Fiber Type:
• Carbon Fiber
• Glass Fiber
• Other Fibers


By Resin Type:
• Epoxy Resin
• Polyester Resin
• Vinylester Resin
• Other Resins


By Manufacturing Process:
• Blades
• Nacelles
• Others


Regions Covered:
• North America
• Europe
• Asia-Pacific
• LAMEA

Research Scope The study for Global Wind Turbine Composite Materials Market will provide market size, estimates and forecast based on the following years: Historic data: 2015 Base Year Estimate: 2016 Forecast: 2017 to 2025

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 1. Introduction 1.1. Market Definition 1.2. Market Scope

2. Research Methodology 2.1. Primary Research 2.2. Secondary Sources 2.3. Assumptions & Exclusions

3. Market Overview 3.1. Research Report Segmentation & Scope 3.2. Key Market Trend Analysis 3.2.1. Market Drivers 3.2.2. Market Restraint/Challenges 3.2.3. Market Opportunities 3.3. Porter’s Five Forces Analysis 3.4. Potential Venture Avenues 3.5. Market Share Analysis, 2016

4. Fiber Type Overview 4.1. Introduction 4.2. Market Size & Forecast, 2015 to 2025 4.2.1. Carbon Fiber 4.2.2. Glass Fiber 4.2.3. Other Fibers (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

5. Resin Type Overview 5.1. Introduction 5.2. Market Size & Forecast, 2015 to 2025 5.2.1. Epoxy Resin 5.2.2. Polyester Resin 5.2.3. Vinylester Resin 5.2.4. Other Resins (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

6. Manufacturing Process Overview 6.1. Introduction 6.2. Market Size & Forecast, 2015 to 2025 6.2.1. Blades 6.2.2. Nacelles 6.2.3. Others (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

7. Regional Overview 7.1. Introduction 7.2. Market Size & Forecast, 2015 to 2025 7.2.1. North America 7.2.1.1. U.S. 7.2.1.2. Canada 7.2.1.3. Mexico 7.2.2. Europe 7.2.2.1. UK 7.2.2.2. Germany 7.2.2.3. France 7.2.2.4. Italy 7.2.2.5. Spain 7.2.2.6. Rest of Europe 7.2.3. Asia-Pacific 7.2.3.1. China 7.2.3.2. India 7.2.3.3. Japan 7.2.3.4. South Korea 7.2.3.5. Rest of Asia-Pacific 7.2.4. LAMEA 7.2.4.1. Brazil 7.2.4.2. UAE 7.2.4.3. South Africa 7.2.4.4. Rest of LAMEA (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses) 8. Manufacturer/ Vendor Profile 8.1. The following attributes will be considered while profiling key manufacturers in this industry: 8.1.1. Company Overview 8.1.2. Financial Synopsis 8.1.3. Recent Developments 8.1.4. R&D Investments (if any) 8.1.5. Strategy Overview (Analyst Perspective) 8.1.6. Product Portfolio 8.2. Companies Profiled 8.2.1. AREVA Wind GmbH 8.2.2. Cytec Solvay Group 8.2.3. Gurit Holding AG 8.2.4. LM Wind Power 8.2.5. Royal Ten Cate N.V. 8.2.6. Siemens AG 8.2.7. Suzlon Energy Limited 8.2.8. Toray Industries 8.2.9. TPI Composites Inc. 8.2.10. Vestas Wind Systems A/S. (Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.)

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What's Included

  • Market Size
  • Market Share
  • Market Segmentation
  • Market Forecast
  • Regional Segment Analysis
  • Compound Annual Growth Rate
  • Company & Brand Details
  • Market Revenue and Growth Opportunities
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