Wind Turbine Composites Material Market worth 12.17 Billion USD by 2021

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MarketsandMarkets Presents
Wind Turbine Composites Material Market by Fiber
Type, Resin, Manufacturing Process, Application
by Region - Global Forecast to 2021

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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
The report "Wind Turbine Composites Material
Market by Fiber Type (Glass Fiber, Carbon Fiber),
Resin (Epoxy, Polyester, Vinyl Ester),
Manufacturing Process (Vacuum Injection Molding,
Prepreg, Hand Lay-Up), Application (Blades,
Nacelles), Region - Global Forecast to 2021", In
terms of value, the wind turbine composite market
was valued at USD 7.15 Billion in 2015, and is
projected to reach USD 12.17 Billion by 2021, at
a CAGR of 9.28 between 2016 and 2021.
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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
Browse gtgt 96 data tables
49 figures
144 pages and in-depth TOC on Wind Turbine
Composites Material Market Early buyers will
receive 10 customization on this report. This
is a Premium Report Priced at US 5650 for single
user. The wind turbine composite market was
valued at USD 7.15 Billion in 2015, and is
projected to reach USD 12.17 Billion by 2021, at
a CAGR of 9.28 between 2016 and 2021. Report
Price Single User License US
5650 Corporate User License US 8150
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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
The increasing demand for composites that help
enhance the strength and stiffness of structural
parts of wind turbines, such as blades and
nacelles, among others is driving the growth of
the wind turbine composite market. Blades
Largest application segment of the wind turbine
composite market The blades segment is the
largest application segment of the wind turbine
composite market. Blades account for the highest
amount of composite consumption in their
manufacturing. The use of composites in wind
turbine blades provides long shelf life, less
maintenance, resistance to corrosion, and high
strength-to-weight ratio.
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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
The glass fiber segment accounts for the largest
share of the wind turbine composite market The
market for glass fiber composites is expected to
grow at the highest CAGR from 2016 to 2021. Good
strength, chemical resistance, and good stiffness
offered by glass fibers and their easy
availability and cost effectiveness are key
factors accelerating the demand for glass fiber
composites.
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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
Asia-Pacific accounts for a major share in the
wind turbine composite market The Asia-Pacific
region is leading the wind turbine composite
market, both in terms of value and volume. Major
factors contributing to the growth of the 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, and 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. Key players such as Suzlon
Energy Limited (India) and AVIC Huiteng Windpower
Equipment Co., Ltd. (China) have their
manufacturing bases in the Asia-Pacific region.
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Wind Turbine Composites Material Market worth
12.17 Billion USD by 2021
Key Players - Some of the key players in the
wind turbine composite market include TPI
Composites, Inc. (U.S.), MFG Wind (U.S.), LM Wind
Power (Denmark), Gamesa Corporation Technology
(Spain), Vestas Wind Systems A/S (Denmark), and
Suzlon Energy Limited (India), among others.
These players have adopted various organic and
inorganic developmental strategies during the
past five years. Purchase a Copy of this Report
Today !
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