The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Wind Turbine Composite Materials-Global Market Insights and Sales Trends 2024
Synopsis
It refers to the composite material used in wind turbine blades.
The global Wind Turbine Composite Materials market size is expected to reach US$ 17460 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Composite Materials in various end use industries. The expanding demands from the Onshore Wind and Offshore Wind, are propelling Wind Turbine Composite Materials market. Thermosetting Resin, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thermoplastic Resin segment is estimated at % CAGR for the next seven-year period.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Turbine Composite Materials, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Turbine Composite Materials market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Turbine Composite Materials market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine Composite Materials sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Turbine Composite Materials covered in this report include Cytec Solvay Group, Gurit, Teijin, Toray, TPI Composites, Axiom Materials, HC Composite, Hexcel and Molded Fiber Glass Companies, etc.
The global Wind Turbine Composite Materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cytec Solvay Group
Gurit
Teijin
Toray
TPI Composites
Axiom Materials
HC Composite
Hexcel
Molded Fiber Glass Companies
SGL Group
TenCate
Vestas
Global Wind Turbine Composite Materials market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Turbine Composite Materials market, Segment by Type:
Thermosetting Resin
Thermoplastic Resin
Global Wind Turbine Composite Materials market, by Application
Onshore Wind
Offshore Wind
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wind Turbine Composite Materials manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Turbine Composite Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
It refers to the composite material used in wind turbine blades.
The global Wind Turbine Composite Materials market size is expected to reach US$ 17460 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Composite Materials in various end use industries. The expanding demands from the Onshore Wind and Offshore Wind, are propelling Wind Turbine Composite Materials market. Thermosetting Resin, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thermoplastic Resin segment is estimated at % CAGR for the next seven-year period.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Turbine Composite Materials, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Turbine Composite Materials market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Turbine Composite Materials market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine Composite Materials sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Turbine Composite Materials covered in this report include Cytec Solvay Group, Gurit, Teijin, Toray, TPI Composites, Axiom Materials, HC Composite, Hexcel and Molded Fiber Glass Companies, etc.
The global Wind Turbine Composite Materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cytec Solvay Group
Gurit
Teijin
Toray
TPI Composites
Axiom Materials
HC Composite
Hexcel
Molded Fiber Glass Companies
SGL Group
TenCate
Vestas
Global Wind Turbine Composite Materials market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Turbine Composite Materials market, Segment by Type:
Thermosetting Resin
Thermoplastic Resin
Global Wind Turbine Composite Materials market, by Application
Onshore Wind
Offshore Wind
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wind Turbine Composite Materials manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Turbine Composite Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Wind Turbine Composite Materials Market Overview
1.1 Wind Turbine Composite Materials Product Overview
1.2 Wind Turbine Composite Materials Market Segment by Type
1.2.1 Thermosetting Resin
1.2.2 Thermoplastic Resin
1.3 Global Wind Turbine Composite Materials Market Size by Type
1.3.1 Global Wind Turbine Composite Materials Market Size Overview by Type (2018-2029)
1.3.2 Global Wind Turbine Composite Materials Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wind Turbine Composite Materials Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wind Turbine Composite Materials Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wind Turbine Composite Materials Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wind Turbine Composite Materials Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wind Turbine Composite Materials Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wind Turbine Composite Materials Sales Breakdown by Type (2018-2023)
2 Global Wind Turbine Composite Materials Market Competition by Company
2.1 Global Top Players by Wind Turbine Composite Materials Sales (2018-2023)
2.2 Global Top Players by Wind Turbine Composite Materials Revenue (2018-2023)
2.3 Global Top Players by Wind Turbine Composite Materials Price (2018-2023)
2.4 Global Top Manufacturers Wind Turbine Composite Materials Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wind Turbine Composite Materials Market Competitive Situation and Trends
2.5.1 Wind Turbine Composite Materials Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wind Turbine Composite Materials Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wind Turbine Composite Materials as of 2022)
2.7 Date of Key Manufacturers Enter into Wind Turbine Composite Materials Market
2.8 Key Manufacturers Wind Turbine Composite Materials Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wind Turbine Composite Materials Status and Outlook by Region
3.1 Global Wind Turbine Composite Materials Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wind Turbine Composite Materials Historic Market Size by Region
3.2.1 Global Wind Turbine Composite Materials Sales in Volume by Region (2018-2023)
3.2.2 Global Wind Turbine Composite Materials Sales in Value by Region (2018-2023)
3.2.3 Global Wind Turbine Composite Materials Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wind Turbine Composite Materials Forecasted Market Size by Region
3.3.1 Global Wind Turbine Composite Materials Sales in Volume by Region (2024-2029)
3.3.2 Global Wind Turbine Composite Materials Sales in Value by Region (2024-2029)
3.3.3 Global Wind Turbine Composite Materials Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wind Turbine Composite Materials by Application
4.1 Wind Turbine Composite Materials Market Segment by Application
4.1.1 Onshore Wind
4.1.2 Offshore Wind
4.2 Global Wind Turbine Composite Materials Market Size by Application
4.2.1 Global Wind Turbine Composite Materials Market Size Overview by Application (2018-2029)
4.2.2 Global Wind Turbine Composite Materials Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wind Turbine Composite Materials Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wind Turbine Composite Materials Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wind Turbine Composite Materials Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wind Turbine Composite Materials Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wind Turbine Composite Materials Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wind Turbine Composite Materials Sales Breakdown by Application (2018-2023)
5 North America Wind Turbine Composite Materials by Country
5.1 North America Wind Turbine Composite Materials Historic Market Size by Country
5.1.1 North America Wind Turbine Composite Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wind Turbine Composite Materials Sales in Volume by Country (2018-2023)
5.1.3 North America Wind Turbine Composite Materials Sales in Value by Country (2018-2023)
5.2 North America Wind Turbine Composite Materials Forecasted Market Size by Country
5.2.1 North America Wind Turbine Composite Materials Sales in Volume by Country (2024-2029)
5.2.2 North America Wind Turbine Composite Materials Sales in Value by Country (2024-2029)
6 Europe Wind Turbine Composite Materials by Country
6.1 Europe Wind Turbine Composite Materials Historic Market Size by Country
6.1.1 Europe Wind Turbine Composite Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wind Turbine Composite Materials Sales in Volume by Country (2018-2023)
6.1.3 Europe Wind Turbine Composite Materials Sales in Value by Country (2018-2023)
6.2 Europe Wind Turbine Composite Materials Forecasted Market Size by Country
6.2.1 Europe Wind Turbine Composite Materials Sales in Volume by Country (2024-2029)
6.2.2 Europe Wind Turbine Composite Materials Sales in Value by Country (2024-2029)
7 Asia-Pacific Wind Turbine Composite Materials by Region
7.1 Asia-Pacific Wind Turbine Composite Materials Historic Market Size by Region
7.1.1 Asia-Pacific Wind Turbine Composite Materials Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wind Turbine Composite Materials Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wind Turbine Composite Materials Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wind Turbine Composite Materials Forecasted Market Size by Region
7.2.1 Asia-Pacific Wind Turbine Composite Materials Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wind Turbine Composite Materials Sales in Value by Region (2024-2029)
8 Latin America Wind Turbine Composite Materials by Country
8.1 Latin America Wind Turbine Composite Materials Historic Market Size by Country
8.1.1 Latin America Wind Turbine Composite Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wind Turbine Composite Materials Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wind Turbine Composite Materials Sales in Value by Country (2018-2023)
8.2 Latin America Wind Turbine Composite Materials Forecasted Market Size by Country
8.2.1 Latin America Wind Turbine Composite Materials Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wind Turbine Composite Materials Sales in Value by Country (2024-2029)
9 Middle East and Africa Wind Turbine Composite Materials by Country
9.1 Middle East and Africa Wind Turbine Composite Materials Historic Market Size by Country
9.1.1 Middle East and Africa Wind Turbine Composite Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wind Turbine Composite Materials Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wind Turbine Composite Materials Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wind Turbine Composite Materials Forecasted Market Size by Country
9.2.1 Middle East and Africa Wind Turbine Composite Materials Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wind Turbine Composite Materials Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Cytec Solvay Group
10.1.1 Cytec Solvay Group Company Information
10.1.2 Cytec Solvay Group Introduction and Business Overview
10.1.3 Cytec Solvay Group Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Cytec Solvay Group Wind Turbine Composite Materials Products Offered
10.1.5 Cytec Solvay Group Recent Development
10.2 Gurit
10.2.1 Gurit Company Information
10.2.2 Gurit Introduction and Business Overview
10.2.3 Gurit Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Gurit Wind Turbine Composite Materials Products Offered
10.2.5 Gurit Recent Development
10.3 Teijin
10.3.1 Teijin Company Information
10.3.2 Teijin Introduction and Business Overview
10.3.3 Teijin Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Teijin Wind Turbine Composite Materials Products Offered
10.3.5 Teijin Recent Development
10.4 Toray
10.4.1 Toray Company Information
10.4.2 Toray Introduction and Business Overview
10.4.3 Toray Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Toray Wind Turbine Composite Materials Products Offered
10.4.5 Toray Recent Development
10.5 TPI Composites
10.5.1 TPI Composites Company Information
10.5.2 TPI Composites Introduction and Business Overview
10.5.3 TPI Composites Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.5.4 TPI Composites Wind Turbine Composite Materials Products Offered
10.5.5 TPI Composites Recent Development
10.6 Axiom Materials
10.6.1 Axiom Materials Company Information
10.6.2 Axiom Materials Introduction and Business Overview
10.6.3 Axiom Materials Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Axiom Materials Wind Turbine Composite Materials Products Offered
10.6.5 Axiom Materials Recent Development
10.7 HC Composite
10.7.1 HC Composite Company Information
10.7.2 HC Composite Introduction and Business Overview
10.7.3 HC Composite Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.7.4 HC Composite Wind Turbine Composite Materials Products Offered
10.7.5 HC Composite Recent Development
10.8 Hexcel
10.8.1 Hexcel Company Information
10.8.2 Hexcel Introduction and Business Overview
10.8.3 Hexcel Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hexcel Wind Turbine Composite Materials Products Offered
10.8.5 Hexcel Recent Development
10.9 Molded Fiber Glass Companies
10.9.1 Molded Fiber Glass Companies Company Information
10.9.2 Molded Fiber Glass Companies Introduction and Business Overview
10.9.3 Molded Fiber Glass Companies Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Molded Fiber Glass Companies Wind Turbine Composite Materials Products Offered
10.9.5 Molded Fiber Glass Companies Recent Development
10.10 SGL Group
10.10.1 SGL Group Company Information
10.10.2 SGL Group Introduction and Business Overview
10.10.3 SGL Group Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SGL Group Wind Turbine Composite Materials Products Offered
10.10.5 SGL Group Recent Development
10.11 TenCate
10.11.1 TenCate Company Information
10.11.2 TenCate Introduction and Business Overview
10.11.3 TenCate Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.11.4 TenCate Wind Turbine Composite Materials Products Offered
10.11.5 TenCate Recent Development
10.12 Vestas
10.12.1 Vestas Company Information
10.12.2 Vestas Introduction and Business Overview
10.12.3 Vestas Wind Turbine Composite Materials Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Vestas Wind Turbine Composite Materials Products Offered
10.12.5 Vestas Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wind Turbine Composite Materials Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Wind Turbine Composite Materials Industrial Chain Analysis
11.4 Wind Turbine Composite Materials Market Dynamics
11.4.1 Wind Turbine Composite Materials Industry Trends
11.4.2 Wind Turbine Composite Materials Market Drivers
11.4.3 Wind Turbine Composite Materials Market Challenges
11.4.4 Wind Turbine Composite Materials Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wind Turbine Composite Materials Distributors
12.3 Wind Turbine Composite Materials Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Chemicals Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
