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Wind Turbine Composites Market to 2027 - Global Analysis and Forecasts by Fiber Type (Glass Fiber, Carbon Fiber and Others); Resin Type (Epoxy, Polyester, Vinyl Ester); Manufacturing Processes (Vacuum Injection Molding, Prepreg, Hand Lay-Up); Application (Blades, Nacelles), and Geography

RnM3926414
13 March, 2020
Global
216 Pages
The Insight Partners
Other

The global wind turbine composites market accounted for US$ 5,621.0 Mn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 – 2027, to account for US$ 9,138.6 Mn by 2027. Wind turbine composites are defined as the composites or components which are utilized in the production of wind turbine parts, such as blades and nacelles and others, which exhibits resilience and tensile strength. The use of composites helps in the production of lightweight components with excellent characteristics, low maintenance cost, resistance to corrosion, and long life of products.

Based on application, the wind turbine composites market has been segmented into blades and nacelles. The blades segment dominated the wind turbine composites market in 2018. Moreover, the nacelles segment is projected to grow at a faster pace over the forecast period. Wind turbine blades are defined as the airfoil-shaped blades which are involved in the harnessing of wind energy and driving the rotor of a wind turbine. The airfoil-shaped-design applies a lift perpendicular to the direction of the wind in the blades. A wind turbine blades comprise of two faces, which includes the suction side and the pressure side, combined together either by one or several integral web linking the upper and lower parts of the blade shell or by a box beam. Mostly, blades are composed of fiberglass-reinforced polyester or epoxy.

In 2018, the Asia Pacific region dominated the wind turbine composites market, both in terms of value and volume owing to the expansion of the wind energy sector along with the rising production of composites in the region. Other major factors leading to the rapid growth of wind turbine composite market in this region include increasing demand for renewable energy sources, growing demand for lightweight and high strength materials used in the manufacturing of various parts of wind turbines. Furthermore, supportive 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 have boosted the demand for wind turbine composites.

Some of the players present in global wind turbine composites market are ENERCON GmbH, Hexcel Corporation, Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd, LM Wind Power, Molded Fiber Glass Companies, Nordex SE, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, TPI Composites, Inc., Vestas Wind Systems A/S, among others.

The overall global wind turbine composites market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the wind turbine composites market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the wind turbine composites market.

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Wind Turbine Composites Market, by Fiber Type
- 1.3.2 Wind Turbine Composites Market, by Resin Type
- 1.3.3 Wind Turbine Composites Market, by Application
- 1.3.4 Wind Turbine Composites Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Wind Turbine Composites Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America PEST Analysis
- 4.2.2 Europe PEST Analysis
- 4.2.3 Asia Pacific PEST Analysis
- 4.2.4 Middle East and Africa PEST Analysis
- 4.2.5 South America PEST Analysis
4.3 Expert Opinion

5. Wind Turbine Composites Market – Key Industry Dynamics

5.1 Key Market Drivers
- 5.1.1 Growing Number of Wind Turbine Installations
- 5.1.2 Increasing Length of Wind Turbine Blades
5.2 Restraints
- 5.2.1 High Dependence of Wind Energy Industry on Government Subsidies
5.3 Opportunities
- 5.3.1 Increasing Focus of Governments on Offshore Wind Energy Installations
5.4 Future Trends
- 5.4.1 Adoption of Natural Fiber Reinforced Polymer (NFRP) Composites
5.5 Impact Analysis Of Drivers and Restraints

6. Wind Turbine Composites Market– Global Market Analysis

6.1 Global Wind Turbine Composites Market Overview
6.2 Global Wind Turbine Composites Market Forecast and Analysis

7. Global Wind Turbine Composites Market Analysis – by Fiber Type

7.1 Overview
7.2 Global Wind Turbine Composites Market Breakdown, by Fiber Type, Value, 2018 & 2027
7.3 Glass Fiber
- 7.3.1 Overview
- 7.3.2 Global Glass Fiber Market, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)
7.4 Carbon Fiber and Others
- 7.4.1 Overview
- 7.4.2 Carbon Fiber and Others Market , in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)

8. Global Wind Turbine Composites Market Analysis – by Resin Type

8.1 Overview
8.2 Global Wind Turbine Composites Market Breakdown, by Resin Type, 2018 & 2027
8.3 Epoxy
- 8.3.1 Global Wind Turbine Composites Market by Epoxy Resin, in Terms of Volume and Value, Forecast to 2027 (Kiloton, US$ Mn)
8.4 Polyester
- 8.4.1 Global Wind Turbine Composites Market by Polyester Resin, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)
8.5 Vinyl Ester
- 8.5.1 Global Wind Turbine Composites Market by Vinyl Ester Resin, in Terms of Volume and Value, Forecast to 2027 (Kiloton, US$ Mn)

9. Global Wind Turbine Composites Market Analysis – by Manufacturing Process

9.1 Overview
9.2 Global Wind Turbine Composites Market Breakdown, by Manufacturing Process, 2018 & 2027
9.3 Vacuum Injection Molding
- 9.3.1 Overview
- 9.3.2 Global Wind Turbine Composites Market by Vacuum Injection Molding Process, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)
9.4 Prepreg
- 9.4.1 Overview
- 9.4.2 Global Global Wind Turbine Composites Market by Prepeg Manufacturing Process, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)
9.5 Hand Lay-Up
- 9.5.1 Overview
- 9.5.2 Global Wind Turbine Composites Market by Hand Lay-Up Manufacturing Process, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)

10. Global Wind Turbine Composites Market Analysis – by Application

10.1 Overview
10.2 Global Wind Turbine Composites Market Breakdown, by Application, 2018 & 2027
10.3 Blades
- 10.3.1 Global Blades Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton, US$ Mn)
10.4 Nacelles
- 10.4.1 Global Nacelles Market, in Terms of Volume and Value, Forecasts to 2027 (Kiloton, US$ Mn)

11. Wind Turbine Composites Market – Geographical Analysis

11.1 Overview
11.2 North America Wind Turbine Composites Market Volume and Revenue Forecasts to 2027
- 11.2.1 North America Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
- 11.2.2 North America Wind Turbine Composites Market Breakdown by Fiber Type
- 11.2.3 North America Wind Turbine Composites Market Breakdown by Resin Type
- 11.2.4 North America Wind Turbine Composites Market Breakdown by Manufacturing Processes
- 11.2.5 North America Wind Turbine Composites Market Breakdown by Applications
- 11.2.6 North America Wind Turbine Composites Market Breakdown, by Key Countries
  - 11.2.6.1 U.S. Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
  - 11.2.6.1.1 US Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.2.6.1.2 US Wind Turbine Composites Market Breakdown by Resin Type
  - 11.2.6.1.3 US Wind Turbine Composites Market Breakdown by Manufacturing Process
  - 11.2.6.1.4 US Wind Turbine Composites Market Breakdown by Application
  - 11.2.6.2 Canada Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
  - 11.2.6.2.1 Canada Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.2.6.2.2 Canada Wind Turbine Composites Market Breakdown by Resin Type
  - 11.2.6.2.3 Canada Wind Turbine Composites Market Breakdown by Manufacturing Process
  - 11.2.6.2.4 Canada Wind Turbine Composites Market Breakdown by Application
  - 11.2.6.3 Mexico Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
  - 11.2.6.3.1 Mexico Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.2.6.3.2 Mexico Wind Turbine Composites Market Breakdown by Resin Type
  - 11.2.6.3.3 Mexico Wind Turbine Composites Market Breakdown by Manufacturing Process
  - 11.2.6.3.4 Mexico Wind Turbine Composites Market Breakdown by Application
  - 11.3 Europe Wind Turbine Composites Market Volume and Revenue Forecasts to 2027
    - 11.3.1 Europe Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
    - 11.3.2 Europe Wind Turbine Composites Market Breakdown by Fiber Type
    - 11.3.3 Europe Wind Turbine Composites Market Breakdown by Resin Type
    - 11.3.4 Europe Wind Turbine Composites Market Breakdown by Manufacturing Processes
    - 11.3.5 Europe Wind Turbine Composites Market Breakdown by Applications
    - 11.3.6 Europe Wind Turbine Composites Market Breakdown, by Key Countries
      - 11.3.6.1 Germany Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.1.1 Germany Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.1.2 Germany Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.1.3 Germany Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.1.4 Germany Wind Turbine Composites Market Breakdown by Application
      - 11.3.6.2 United Kingdom Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.2.1 United Kingdom Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.2.2 United Kingdom Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.2.3 United Kingdom Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.2.4 United Kingdom Wind Turbine Composites Market Breakdown by Application
      - 11.3.6.3 France Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.3.1 France Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.3.2 France Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.3.3 France Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.3.4 France Wind Turbine Composites Market Breakdown by Application
      - 11.3.6.4 Sweden Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.4.1 Sweden Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.4.2 Sweden Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.4.3 Sweden Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.4.4 Sweden Wind Turbine Composites Market Breakdown by Application
      - 11.3.6.5 Turkey Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.5.1 Turkey Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.5.2 Turkey Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.5.3 Turkey Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.5.4 Turkey Wind Turbine Composites Market Breakdown by Application
      - 11.3.6.6 Rest of Europe Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
      - 11.3.6.6.1 Rest of Europe Wind Turbine Composites Market Breakdown by Fiber Type
      - 11.3.6.6.2 Rest of Europe Wind Turbine Composites Market Breakdown by Resin Type
      - 11.3.6.6.3 Rest of Europe Wind Turbine Composites Market Breakdown by Manufacturing Process
      - 11.3.6.6.4 Rest of Europe Wind Turbine Composites Market Breakdown by Application
      - 11.4 Asia Pacific Wind Turbine Composites Market Volume and Revenue Forecasts to 2027
        11.4.1 Asia Pacific Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.4.2 Asia Pacific Wind Turbine Composites Market Breakdown by Fiber Type
        11.4.3 Asia Pacific Wind Turbine Composites Market Breakdown by Resin Type
        11.4.4 Asia Pacific Wind Turbine Composites Market Breakdown by Manufacturing Processes
        11.4.5 Asia Pacific Wind Turbine Composites Market Breakdown by Applications
        11.4.6 Asia Pacific Wind Turbine Composites Market Breakdown, by Key Countries
        11.4.6.1 China Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.4.6.1.1 China Wind Turbine Composites Market Breakdown by Fiber Type
        11.4.6.1.2 China Wind Turbine Composites Market Breakdown by Resin Type
        11.4.6.1.3 China Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.4.6.1.4 China Wind Turbine Composites Market Breakdown by Application
        11.4.6.2 India Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.4.6.2.1 India Wind Turbine Composites Market Breakdown by Fiber Type
        11.4.6.2.2 India Wind Turbine Composites Market Breakdown by Resin Type
        11.4.6.2.3 India Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.4.6.2.4 India Wind Turbine Composites Market Breakdown by Application
        11.4.6.3 Rest of Asia Pacific Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.4.6.3.1 Rest of Asia Pacific Wind Turbine Composites Market Breakdown by Fiber Type
        11.4.6.3.2 Rest of Asia Pacific Wind Turbine Composites Market Breakdown by Resin Type
        11.4.6.3.3 Rest of Asia Pacific Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.4.6.3.4 Rest of Asia Pacific Wind Turbine Composites Market Breakdown by Application
        11.5 Middle East and Africa Wind Turbine Composites Market Volume and Revenue Forecasts to 2027
        11.5.1 Middle East and Africa Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.5.2 Middle East and Africa Wind Turbine Composites Market Breakdown by Fiber Type
        11.5.3 Middle East and Africa Wind Turbine Composites Market Breakdown by Resin Type
        11.5.4 Middle East and Africa Wind Turbine Composites Market Breakdown by Manufacturing Processes
        11.5.5 Middle East and Africa Wind Turbine Composites Market Breakdown by Applications
        11.5.6 Middle East and Africa Wind Turbine Composites Market Breakdown, by Key Countries
        11.5.6.1 South Africa Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.5.6.1.1 South Africa Wind Turbine Composites Market Breakdown by Fiber Type
        11.5.6.1.2 South Africa Wind Turbine Composites Market Breakdown by Resin Type
        11.5.6.1.3 South Africa Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.5.6.1.4 South Africa Wind Turbine Composites Market Breakdown by Application
        11.5.6.2 Egypt Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.5.6.2.1 Egypt Wind Turbine Composites Market Breakdown by Fiber Type
        11.5.6.2.2 Egypt Wind Turbine Composites Market Breakdown by Resin Type
        11.5.6.2.3 Egypt Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.5.6.2.4 Egypt Wind Turbine Composites Market Breakdown by Application
        11.5.6.3 Rest of Middle East and Africa Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.5.6.3.1 Rest of Middle East and Africa Wind Turbine Composites Market Breakdown by Fiber Type
        11.5.6.3.2 Rest of Middle East and Africa Wind Turbine Composites Market Breakdown by Resin Type
        11.5.6.3.3 Rest of Middle East and Africa Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.5.6.3.4 Rest of Middle East and Africa Wind Turbine Composites Market Breakdown by Application
        11.6 South America Wind Turbine Composites Market Volume and Revenue Forecasts to 2027
        11.6.1 South America Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.6.2 South America Wind Turbine Composites Market Breakdown by Fiber Type
        11.6.3 South America Wind Turbine Composites Market Breakdown by Resin Type
        11.6.4 South America Wind Turbine Composites Market Breakdown by Manufacturing Processes
        11.6.5 South America Wind Turbine Composites Market Breakdown by Applications
        11.6.6 South America Wind Turbine Composites Market Breakdown, by Key Countries
        11.6.6.1 Brazil Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.6.6.1.1 Brazil Wind Turbine Composites Market Breakdown by Fiber Type
        11.6.6.1.2 Brazil Wind Turbine Composites Market Breakdown by Resin Type
        11.6.6.1.3 Brazil Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.6.6.1.4 Brazil Wind Turbine Composites Market Breakdown by Application
        11.6.6.2 Rest of South America Wind Turbine Composites Market Volume and Revenue Forecasts to 2027 (Kiloton, US$ Mn)
        11.6.6.2.1 Rest of South America Wind Turbine Composites Market Breakdown by Fiber Type
        11.6.6.2.2 Rest of South America Wind Turbine Composites Market Breakdown by Resin Type
        11.6.6.2.3 Rest of South America Wind Turbine Composites Market Breakdown by Manufacturing Process
        11.6.6.2.4 Rest of South America Wind Turbine Composites Market Breakdown by Application
        12. Industry Landscape
        12.1 Merger & Acquisition
        12.2 Project Finance
        12.3 Product News
        12.4 Strategic and Business Planning
        12.5 Research and Development
        13. Company Profiles
        13.1 Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd
        13.1.1 Key Facts
        13.1.2 Business Description
        13.1.3 Products and Services
        13.1.4 Financial Overview
        13.1.5 SWOT Analysis
        13.2 LM Wind Power
        13.2.1 Key Facts
        13.2.2 Business Description
        13.2.3 Products and Services
        13.2.4 Financial Overview
        13.2.5 SWOT Analysis
        13.2.6 Key Developments
        13.3 Molded Fiber Glass Companies
        13.3.1 Key Facts
        13.3.2 Business Description
        13.3.3 Products and Services
        13.3.4 Financial Overview
        13.3.5 SWOT Analysis
        13.4 Suzlon Energy Limited
        13.4.1 Key Facts
        13.4.2 Business Description
        13.4.3 Products and Services
        13.4.4 Financial Overview
        13.4.5 SWOT Analysis
        13.4.6 Key Developments
        13.5 ENERCON GmbH
        13.5.1 Key Facts
        13.5.2 Business Description
        13.5.3 Products and Services
        13.5.4 Financial Overview
        13.5.5 SWOT Analysis
        13.5.6 Key Developments
        13.6 Nordex SE
        13.6.1 Key Facts
        13.6.2 Business Description
        13.6.3 Products and Services
        13.6.4 Financial Overview
        13.6.5 SWOT Analysis
        13.6.6 Key Developments
        13.7 Vestas Wind Systems A/S
        13.7.1 Key Facts
        13.7.2 Business Description
        13.7.3 Products and Services
        13.7.4 Financial Overview
        13.7.5 SWOT Analysis
        13.7.6 Key Developments
        13.8 Siemens Gamesa Renewable Energy, S.A.
        13.8.1 Key Facts
        13.8.2 Business Description
        13.8.3 Products and Services
        13.8.4 Financial Overview
        13.8.5 SWOT Analysis
        13.8.6 Key Developments
        13.9 TPI Composites, Inc.
        13.9.1 Key Facts
        13.9.2 Business Description
        13.9.3 Products and Services
        13.9.4 Financial Overview
        13.9.5 SWOT Analysis
        13.9.6 Key Developments
        13.10 Hexcel Corporation
        13.10.1 Key Facts
        13.10.2 Business Description
        13.10.3 Products and Services
        13.10.4 Financial Overview
        13.10.5 SWOT Analysis
        14. Appendix
        14.1 About The Insight Partners

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Get latest Market Research Reports on Wind Turbine Composites . Industry analysis & Market Report on Wind Turbine Composites is a syndicated market report, published as Wind Turbine Composites Market to 2027 - Global Analysis and Forecasts by Fiber Type (Glass Fiber, Carbon Fiber and Others); Resin Type (Epoxy, Polyester, Vinyl Ester); Manufacturing Processes (Vacuum Injection Molding, Prepreg, Hand Lay-Up); Application (Blades, Nacelles), and Geography. It is complete Research Study and Industry Analysis of Wind Turbine Composites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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Wind Turbine Composites Market to 2027 - Global Analysis and Forecasts by Fiber Type (Glass Fiber, Carbon Fiber and Others); Resin Type (Epoxy, Polyester, Vinyl Ester); Manufacturing Processes (Vacuum Injection Molding, Prepreg, Hand Lay-Up); Application (Blades, Nacelles), and Geography

Table Of Content

TABLE OF CONTENTS

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Wind Turbine Composites Market Landscape

5. Wind Turbine Composites Market – Key Industry Dynamics

6. Wind Turbine Composites Market– Global Market Analysis

7. Global Wind Turbine Composites Market Analysis – by Fiber Type

8. Global Wind Turbine Composites Market Analysis – by Resin Type

9. Global Wind Turbine Composites Market Analysis – by Manufacturing Process

10. Global Wind Turbine Composites Market Analysis – by Application

11. Wind Turbine Composites Market – Geographical Analysis

12. Industry Landscape

13. Company Profiles

14. Appendix

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