Wind Turbine Composite Materials Market 2024-2028
The wind turbine composite materials market is forecasted to grow by USD 24741.1 mn during 2023-2028, accelerating at a CAGR of 21.9% during the forecast period. The report on the wind turbine composite materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by progress in solar-hydro hybrid plant development, surge in wind turbine installations, and growing demand for energy transition initiatives.
Technavio's wind turbine composite materials market is segmented as below:
- By Application
- Blades
- Nacelle
- Tower
- Others
- By Material
- Fiberglass composites
- Carbonfiber composites
- Thermoplastic composites
- Others
- By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the advancements in recycling technologies for wind turbine blades as one of the prime reasons driving the wind turbine composite materials market growth during the next few years. Also, increasing investments in research projects aimed at advancing wind energy and development of polymer-based 3d printing for wind turbine tooling will lead to sizable demand in the market.
The report on the wind turbine composite materials market covers the following areas:
- Wind Turbine Composite Materials Market sizing
- Wind Turbine Composite Materials Market forecast
- Wind Turbine Composite Materials Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine composite materials market vendors that include AOC, LLC, Arkema SA, Covestro AG, Exel Composites, Gurit Holding AG, Hexcel Corp., Huntsman Corp., Mitsubishi Chemical Corp., Nordex SE, Owens Corning, SGL Carbon SE, Solvay SA, TEIJIN Ltd, Toray Industries Inc., and TPI Composites Inc.. Also, the wind turbine composite materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.