Global Wind Turbine Blade Composite Materials Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Wind Turbine Blade Composite Materials Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Wind Turbine Blade Composite Materials market size was valued at USD 5037.7 million in 2022 and is forecast to a readjusted size of USD 8102.3 million by 2029 with a CAGR of 7.0% during review period.

Wind turbine blade composite material forms an essential component of wind turbine for the manufacture of wind turbine rotor blade. Composite material is made up of fiber and matrix. The fiber provides physical strength and distributes loads in composite. The matrix material act binder. The matrix binds and maintains the spacing of the fiber material protecting the fiber from abrasion and environmental damage. The composite material manufactured from reinforcement of fiber and matrix is far superior from conventional metals such as steel and aluminum.

Global 5 largest manufacturers of Wind Turbine Blade Composite Materials are Westlake Chemical, Techstorm, Toray Industries, Olin Corp and Wells Advanced Materials, which make up about 38%. Among them, Westlake Chemical is the leader with about 11% market share.

China is the largest market, with a share about 54%, followed by Europe and US & Canada, with the share about 26% and 11%. In terms of product type, Glass Fiber Reinforced Composites occupy the largest share of the total market, about 79%. And in terms of product Application, the largest application is >5.0 MW, followed by 3.0-5.0 MW.

The Global Info Research report includes an overview of the development of the Wind Turbine Blade Composite Materials industry chain, the market status of <2.0 MW (Glass Fiber Reinforced Composites, Carbon Fiber Reinforced Composites), 2.0-3.0 MW (Glass Fiber Reinforced Composites, Carbon Fiber Reinforced Composites), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Wind Turbine Blade Composite Materials.

Regionally, the report analyzes the Wind Turbine Blade Composite Materials markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Wind Turbine Blade Composite Materials market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Wind Turbine Blade Composite Materials market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Wind Turbine Blade Composite Materials industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Glass Fiber Reinforced Composites, Carbon Fiber Reinforced Composites).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Wind Turbine Blade Composite Materials market.

Regional Analysis: The report involves examining the Wind Turbine Blade Composite Materials market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Wind Turbine Blade Composite Materials market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Wind Turbine Blade Composite Materials:

Company Analysis: Report covers individual Wind Turbine Blade Composite Materials manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Wind Turbine Blade Composite Materials This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (<2.0 MW, 2.0-3.0 MW).

Technology Analysis: Report covers specific technologies relevant to Wind Turbine Blade Composite Materials. It assesses the current state, advancements, and potential future developments in Wind Turbine Blade Composite Materials areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Wind Turbine Blade Composite Materials market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Wind Turbine Blade Composite Materials market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Glass Fiber Reinforced Composites
Carbon Fiber Reinforced Composites

Market segment by Application
<2.0 MW
2.0-3.0 MW
3.0-5.0 MW
>5.0 MW

Major players covered
Toray Industries
SGL Carbon
Teijin
Mitsubishi Chemical
Hexcel
Techstorm
Westlake Chemical
Olin Corp
Swancor Holding
Wells Advanced Materials
Owens Corning
Taishan Fiberglass
Chongqing Polycomp
Gurit

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Wind Turbine Blade Composite Materials product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Wind Turbine Blade Composite Materials, with price, sales, revenue and global market share of Wind Turbine Blade Composite Materials from 2018 to 2023.

Chapter 3, the Wind Turbine Blade Composite Materials competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Wind Turbine Blade Composite Materials breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Wind Turbine Blade Composite Materials market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Wind Turbine Blade Composite Materials.

Chapter 14 and 15, to describe Wind Turbine Blade Composite Materials sales channel, distributors, customers, research findings and conclusion.