Global Wind Turbine Composite Materials Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Wind Turbine Composite Materials Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Wind Turbine Composite Materials Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. Asia-Pacific due to increasing demand for renewable energy resources is expected to command the significant market share.
These composites are used in the manufacturing of wind turbine parts such as nacelles and blades, among others. The use of these composites helps in the manufacturing of lightweight components with enhanced superior properties, in addition to various other benefits such as long product life and low maintenance.
Increasing demand for composites which help to enhance and strengthen the structural parts of wind turbines such as blades and nacelles, is one of the major driver for propelling the growth of market. Moreover, increased government support for various wind projects and stringent environment regulations are also responsible for growth of the market. However, various factors hampering the growth of market includes high cost of carbon fiber and epoxy resin, recyclability issue of composites, and high dependence of wind energy industry on government subsidies.
The global wind turbine composite materials market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
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. 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.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global wind turbine composite materials market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: 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.
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