Market Insight:
The Global Wind Turbine Composites Market is gaining considerable ground owing to strategies implemented by companies that include mergers, acquisitions, product launch, and other methods. For instance, TPI Composites got its manufacturing deal extended for another two years by Vestas. Owens Corning entered into a partnership with Chongqing Polycomp International Corp. (CPIC) to produce high-modulus glass fibers in China. On the other hand, as per Sandia National Laboratories, 3D printing of blades can become the future.
Some of the prominent players operating in the Global Wind Turbine Composites Market are Vestas (Denmark), LM Wind Power (Denmark), Siemens AG (Germany), AVIC Huiteng Windpower Equipment Co Ltd (China), TPI Composites (U.S.), Gamesa Corporation Technology (U.S.), Suzlon Energy Limited (India), Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd (China), AREVA (France), Molded Fiber Glass Companies (U.S.), and others.
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Segmentation:
The Global Wind Turbine Composites Market can be segmented by fiber type, resin, process, and application.
By Fiber Type : Glass, carbon and other segments
By Resin-wise : Epoxy, Polyester, Vinyl Ester, Polyurethane, and Others.
By Process : Vacuum injection molding, Prepreg, and Hand lay-up segments.
By Application : Blades, Nacelles, Hub, Tower, and Others.
Regional Analysis:
Regionally, Wind Turbine Composites Market spans across five regions namely Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
The APAC is acting as the market bellwether. The region is showing a gradual increase in implementation of lightweight materials in wind turbine installation system. Glass fibers are gaining traction in countries such as China, Japan, and India who are also chief market contributors. Favorable government policies are also supporting nations in approving the developments further.
North American market is also growing significantly, and demand is being generated mainly by the end-user industries from countries such as the U.S., Mexico, and Canada. However, shale gas production can prove to be a market deterrent. The European market is currently witnessing a remarkable growth owing to the regulations made by governments to make renewable energy more acceptable across myriad industries. The U.K., France, Germany, and Italy are going to benefit the most from this advent of technologies.
The MEA is the emerging region with Saudi Arabia, Kuwait, and UAE fast adopting the technology and triggering a rapid growth. The LATAM is experiencing an uptick in the adoption of renewable energy. The scarcity of hydrocarbon is pushing industries towards ameliorating themselves with wind energy.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.2 Value Chain/Supply Chain of Global Wind Turbine Composites Market
To be Continue………..
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Industry Trend:
Saertex is planning to launch glass-fiber reinforcement as a part of their latest innovation which can considerably increase the tensile strength of the material used in wind turbines. This will better the performance of wind turbine rotor blades.
Hexion Inc.’s tackifying spray system and epoxy bonding paste & resin repair kit are also expected to prove its worth in rotor blade production. The spray PR687g is eco-friendly and lowers in-plant air emissions.
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