HOME Top Market Reports Wind Turbine Composites Material Market by Fiber Type (Glass Fiber Composite, Carbon Fiber), Resin Type (Epoxy, Polyester, Polyurethane, Vinyl Ester, Etc.), Application (Blade, Nacelle, Etc), and by Region - Global Trends & Forecast to 2020

Wind Turbine Composites Material Market by Fiber Type (Glass Fiber Composite, Carbon Fiber), Resin Type (Epoxy, Polyester, Polyurethane, Vinyl Ester, Etc.), Application (Blade, Nacelle, Etc), and by Region - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 3212

Discount on Prebooks  

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


Composites (carbon fibers, glass fibers, and other) have made a big impact on the entire global market, including the wind energy market. Using composite makes the wind turbine lighter and renders greater resistance external impact and increases the efficiency of wind turbines. Moreover, the use of composite in wind blades helps increasing its stability, reliability and lifetime. With extensive research and cost-effective mass production techniques in place, the demand for composite in wind turbine market has increased.

The report analyzes the ‘global wind turbine composites material market’ trends and forecasts to 2020. The report identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered, recent developments, and company strategies. This study basically aims to estimate the global composite market of wind turbine for 2015 and to project its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources-experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of wind turbine composites material market.

Competitive scenarios of the top players in the market for have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key composite material suppliers and key composite wind turbine/components manufacturers such as Cytec Industries (U.S.), Gurit Holding AG (Switzerland), Koninklijke Ten Cate nv (Netherlands), Toray Industries (Japan), Teijin Limited (Japan), Molded Fiber Glass Companies (U.S.), TPI Composites (U.S.), Vestas Wind Systems A/S (Denmark), Gamesa (Spain), LM Wind Power Group (Denmark), etc.

Scope of the report:This research report categorizes the global market on the basis of types of fiber, type of resin, applications, and region along with forecasting volume, value, and trends in each of the submarkets.

On the basis of type of fiber: The market is segmented on the basis of type of fiber, such as glass fiber composite, carbon fiber composite, and other composite. Additionally, each type is described in detail in the report with volume and value forecasts.

On the basis of type of resin: The wind turbine composites material market is segmented on the basis of type of resin, such as epoxy, polyester, polyurethane, vinyl ester, etc. Each type is described in detail in the report with market forecasts.

On the basis of applications: The market is segmented on the basis of industry applications, such as wind blade, nacelle, etc.. Each application is further described in detail in the report with volume and value forecasts for each application.

On the basis of region: Regional level segmentation is done for wind turbine composite that include North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include the U.S., Canada, Germany, Spain, France, U.K., China, India, Brazil etc.


Table Of Contents
 
1 Introduction
  1.1 Objectives of the Study
  1.2 Markets Covered
  1.3 Year
  1.4 Currency
  1.5 Package Size
  1.6 Stakeholders
  1.7 Market Scope
  1.8 Limitations

2 Research Methodology
  2.1 Research Methodology
  2.2 Market Size Estimation
      2.2.1 Market Size
  2.3 Market Crackdown & Data Triangulation
  2.4 Market Share Estimation
      2.4.1 Key Data from Secondary Sources
      2.4.2 Key Data from Primary Sources
            2.4.2.1 Key Industry Insights
      2.4.3 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
  5.1 Introduction
  5.2 Market Segmentation
  5.3 Market Dynamics
      5.3.1 Drivers
      5.3.2 Restraints
      5.3.3 Opportunity
      5.3.4 Challenges
  5.4 Burning Issues

6 Industry Trends
  6.1 Introduction
  6.2 Value Chain Analysis
  6.3 Porter’s Five Forces Analysis
      6.3.1 Bargaining Power of Suppliers
      6.3.2 Bargaining Power of Buyers
      6.3.3 Threat of Substitutes
      6.3.4 Threat of New Entrants
      6.3.5 Degree of Competition

7 Market, By Fiber Type
  7.1 Glass Fiber Composite
  7.2 Carbon Fiber Composite
  7.3 Other Composite

8 Wind Turbine Composites Material Market, By Type of Resin
  8.1 Epoxy
  8.2 Polyester
  8.3 Polyurethane (PU)
  8.4 Vinyl Ester
  8.5 Others

9 Market, By Application
  9.1 Wind Blade
  9.2 Nacelle

10 Market Analysis, By Region
   10.1 Introduction
   10.2 North America
   10.3 Europe
   10.4 Asia-Pacific
   10.5 Rest of the World

11 Competitive Landscape
   11.1 Overview
   11.2 Competitive Situation & Trends
        11.2.1 Agreements, Supply Agreements, Partnerships, Collaborations & Joint Ventures
        11.2.2 Investments & Expansion
        11.2.3 New Product Launch
        11.2.4 Mergers & Acquisitions

12 Company Profiles
   12.1 Key Composite Martial Suppliers
        12.1.1 Cytec  Industries
        12.1.2 Gurit Holding AG
        12.1.3 Royal Tencate NV
        12.1.4 Teijin Limited
        12.1.5 Toray Industries
   12.2 Key Composite Wind Turbine/Components Manufacturers
        12.2.1 HT Blade
        12.2.2 Molded Fiber Glass Companies
        12.2.3 TPI Composites
        12.2.4 Vestas Wind Systems A/S
        12.2.5 Gamesa
        12.2.6 LM Wind Power Group

13 Appendix


List Of Tables  (75 Tables)

Table 1 Composite Market Size for Wind Turbine (Volume & Value), 2013–2020
Table 2 Composite Market Size for Wind Turbine (Volume & Value), 2013–2020
Table 3 Impact Analysis Of Drivers
Table 4 Impact Analysis of Restraints
Table 5 Impact Analysis of Opportunities
Table 6 Impact Analysis of Challenges
Table 7 Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 8 Market Size, By Type of Fiber Reinforcement, 2013-2020 (KT)
Table 9 Glass Fiber: Market Size, By Region, 2013-2020 ($Million)
Table 10 Glass Fiber: Market Size, By Region, 2013-2020 (KT)
Table 11 Carbon Fiber: Market Size, By Region, 2013-2020 ($Million)
Table 12 Carbon Fiber: Market Size, By Region, 2013-2020 (KT)
Table 13 Others: Market, By Region, 2013-2020 ($Million)
Table 14 Others: Fiber Wind Turbine Composites Material Market Size, By Region, 2013-2020 (KT)
Table 15 Wind Turbine Composites Material Market Size, By Resin Type, 2013-2020 ($Million)
Table 16 Composite Market Size for Wind Turbine, By Resin Type, 2013-2020 (KT)
Table 17 Epoxy: Market, By Region, 2013-2020 ($Million)
Table 18 Epoxy: Market, By Region, 2013-2020 (KT)
Table 19 Polyester: Market, By Region, 2013-2020 ($Million)
Table 20 Polyester: Market, By Region, 2013-2020 (KT)
Table 21 Polyurethane (PU): Market, By Region, 2013-2020 ($Million)
Table 22 Polyurethane (PU): Market, By Region, 2013-2020 (KT)
Table 23 Vinyl Ester: Market, By Region, 2013-2020 ($Million)
Table 24 Vinyl Ester: Market, By Region, 2013-2020 (Kt)
Table 25 Others: Market, By Region, 2013-2020 ($Million)
Table 26 Others Market, By Region, 2013-2020 (Kt)
Table 27 Wind Turbine Composites Material Market Size, By Application, 2013-2020 ($Million)
Table 28 Market Size, By Application, 2013-2020 (Kt)
Table 29 Market Size In Blade Application, By Region, 2013-2020 ($Million)
Table 30 Market Size in Blade Application, By Region, 2013-2020 (KT)
Table 31 Market Size in Nacelle Application, By Region, 2013-2020 ($Million)
Table 32 Market Size in Nacelle Application, By Region, 2013-2020 (Kt)
Table 33 North America: Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 34 North America: Market Size, By Type of Fiber Reinforcement, 2013-2020 (Kt)
Table 35 North America: Market Size, By Application, 2013-2020 ($Million)
Table 36 North America: Market Size, By Application, 2013-2020 (KT)
Table 37 North America: Wind Turbine Composites Material Market Size, By Country, 2013-2020 ($Million)
Table 38 North America: Market Size, By Country, 2013-2020 (KT)
Table 39 Europe: Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 40 Europe: Market Size, By Type Of Fiber Reinforcement, 2013-2020 (Kt)
Table 41 Europe: Market Size , By Application, 2013-2020 ($Million)
Table 42 Europe: Market Size, By Application, 2013-2020 (KT)
Table 43 Europe: Market Size, By Country, 2013-2020 ($Million)
Table 44 Europe: Market Size, By Country, 2013-2020 (KT)
Table 45 Asia-Pacific: Market Size, By Type Of Fiber Reinforcement, 2013-2020 ($Million)
Table 46 Asia-Pacific: Market Size, By Type Of Fiber Reinforcement, 2013-2020 (Kt)
Table 47 Asia-Pacific: Market Size, By Application, 2013-2020 ($Million)
Table 48 Asia-Pacific: Market Size, By Application, 2013-2020 (KT)
Table 49 Asia-Pacific: Market Size, By Country, 2013-2020 ($Million)
Table 50 Asia-Pacific: Market Size, By Country, 2013-2020 (KT)
Table 51 Row: Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 52 Row: Market, By Type of Fiber Reinforcement, 2013-2020 (Kt)
Table 53 Row: Market, By Application, 2013-2020 ($Million)
Table 54 Row: Market, By Application, 2013-2020 (KT)
Table 55 Row: Market, By Country, 2013-2020 ($Million)
Table 56 Row: Market, By Country, 2013-2020 (KT)
Table 57 New Product Launches
Table 58 Acquisitions
Table 59 Investments & Expansions
Table 60 Partnerships, Agreements, Joint Ventures & Collaborations
Table 61 Hexcel Corporation: Product & Their Applications
Table 62 Cytec Industries: Product & Their Applications
Table 63 Toray Industries: Product & Their Applications
Table 64 Gurit Holding Ag: Product & Their Applications
Table 65 Royal Tencate  NV: Product & Their Applications
Table 66 Teijin Limited: Product & Their Applications
Table 67 Bright Composites: Product & Their Applications
Table 68 China Ming Yang Wind Power Group Limited: Product & Their Applications
Table 69 JSB (Jupitor) Group: Product & Their Applications
Table 70 Molded Fiber Glass Companies: Product & Their Applications
Table 71 TPI Composites: Product & Their Applications
Table 72 Vestas Wind Systems A/S: Product & Their Applications
Table 73 Gamesa: Product & Their Applications
Table 74 LM Wind Power Group: Product & Their Applications
Table 75 Diab Group: Product & Their Applications


List Of Figures (56 Figures)

Figure 1 Composite Material Market Size For Wind Turbine Segmentation
Figure 2 Composite Material Market Size For Wind Turbine: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown Of Primary Interviews: By Company Type, Designation & Region
Figure 6 Application Sector Is Set To Drive The Global Composite Market Size For Wind Turbine
Figure 7 Wind Turbine Composite Regional Market Share (Value) & CAGR% (2015-2020)
Figure 8 Attractive Market Opportunities In Composite Market Size For Wind Turbine, 2015-2020
Figure 9 Application Market Is Set To Drive The Composite Market Size For Wind Turbine From 2015 To 2020
Figure 10 China Commands The Market
Figure 11 Blade Components Will Continue To Dominate The Global Market In The Next Five Years
Figure 12 China Is Estimated To Grow At A Higher Rate In Comparison To Other Nations
Figure 13 Carbon Fiber Composite Type Is Expected To Grow At Highest Pace From 2015 To 2020
Figure 14 Global Wind Turbine Composites Material Market Size Is In Growth Period
Figure 15 Market Size, By Type Of Fiber Reinforcement
Figure 16 Market Size, By Type Of Resin Used
Figure 17 Market Size, By Application
Figure 18 Drivers, Restraints, Opportunities & Challenges In Composite Market Size For Wind Turbine
Figure 19 Value Chain Analysis
Figure 20 Supply Chain Analysis
Figure 21 Raw Material Analysis
Figure 22 Porter’s Five Forces
Figure 23 Asia-Pacific Is The Largest Market For Wind Turbine Composite 2015 Vs. 2020
Figure 24 Glass Fiber Composite Dominates The Market, 2015-2020
Figure 25 Europe Is The Largest Market For Carbon Fiber Composite, 2015-2020
Figure 26 Market, By Epoxy Resin Type, 2013-2020 (Kt)
Figure 27 Market, By Polyester Resin Type, 2013-2020 (Kt)
Figure 28 Market, By Vinyl Ester Resin Type, 2013-2020 (Kt)
Figure 29 Market, By Other Resin Type, 2013-2020 (Kt)
Figure 30 Asia-Pacific Is Expected To Drive The Composite Market Size For Wind Turbine , 2015-2020
Figure 31 Composite Market Size For Wind Turbine Country-Wise CAGR, 2015-2020 (%)
Figure 32 Germany And U.K. Expected To Drive The European Composite Market Size For Wind Turbine
Figure 33 Key Growth Strategies Over The Last Three Years
Figure 34 Composite Market Size For Wind Turbine Share, By Key Players, 2014
Figure 35 Key Growth Strategies By Year
Figure 36 Geographic Revenue Mix Of Top 5 Market Players
Figure 37 Hexcel Corporation: : Business Overview
Figure 38 Hexcel Corporation: SWOT Analysis
Figure 39 Cytec Industries: Business Overview
Figure 40 Cytec Industries: SWOT Analysis
Figure 41 Toray Industries: Business Overview
Figure 42 Toray Industries: SWOT Analysis
Figure 43 Gurit Holding Ag: Business Overview
Figure 44 Gurit Holding AG: SWOT Analysis
Figure 45 Royal Tencatenv: Business Overview
Figure 46 Royal Tencatenv: SWOT Analysis
Figure 47 Teijin Limited: Business Overview
Figure 48 Bright Composites: Business Overview
Figure 49 China Ming Yang Wind Power Group Limited: Business Overview
Figure 50 JSB (Jupitor) Group: Business Overview
Figure 51 Molded Fiber Glass Companies: Business Overview
Figure 52 TPI Composites: Business Overview
Figure 53 Vestas Wind Systems A/S: Business Overview
Figure 54 Gamesa: Business Overview
Figure 55 LM Wind Power Group: Business Overview
Figure 56 Diab Group: Business Overview

The wind turbine composites material market is expected to grow at a CAGR of 7 to 8% from 2015 to 2020. At the estimated growth rate, the market is expected to be worth $5.5 billion by 2020.

The global market is witnessing high growth because of its increasing use in different applications, such as for the manufacturing of wind blades. Decreasing cost of composite processing and reduced cycle timeare further anticipated to drive the market globally in the projected period.

Glass fiber composite is the most consumed wind composite across the world. Most of the wind composite materials offer superior properties than the conventional materials and have flexible nature, making them moldable in any shape. Use of composites in wind makes it lighter and renders greater resistance to heat, external impact and improves turbine power efficiency. Also,wind turbine makers are focusing on wind blade’s weight reduction.

The exterior components application, especially the composite wind blade is witnessing the high demand. Use of carbon fiber composite in wind applications has a wide scope of expansion,but its high cost is hindering the use of carbon fiber composite in the wind industry.

The major countries consuming composite for wind turbines include China,U.S., Germany, Spain, U.K., India, Canada, France, and Brazil.

The major composite material suppliers for wind application include Toray Industries (Japan), Cytec Industries Inc. (U.S.), Royal TenCatenv (Netherlands), Gurit Holding AG (Switzerland), Hexel Corporation (U.S.), and Teijin Limited (Japan) . Company profiling and competitive strategies adopted by top composites wind turbine blade manufacturers such as HT blades (China), TPI Composites (U.S.), Vestas Wind Systems A/S (Denmark), Gamesa (Spain), LM Wind Power Group (Denmark) etc. are also covered in the report.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Chemicals Markets on KnowledgeStore
Request Demo