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[ 英語タイトル ] Wind Turbine Composite Materials Market - Growth, Trends, and Forecast (2020 - 2025)


Product Code : MDCH0082422
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 130
Category : Chemicals and Advanced Materials
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4250 / Question Form
5 User USD4750 / Question Form
Enterprise User USD7500 / Question Form
- Exel Composites
- Gurit Holding AG
- Hexcel Corporation
- Reliance Industries Limited
- Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
- Molded Fiber Glass Companies
- Siemens AG
- Teijin Limited
- Toray Industries, Inc.
- TPI Corporation
- Vestas

[Report Description]

The global wind turbine composite materials market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing application of carbon fiber in wind blades. However, Recyclability Issue of Composites is likely to hinder the growth of the market studied.

- Growing Wind Energy Installations is expected to provide a major growth opportunity for the market studied.
- Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, wind turbine blades accounted for the highest market share and is expected to dominate the market studied during the forecast period

Key Market Trends

Wind Blades to Dominate the Market

- In wind turbines, composites are majorly used in the production of wind turbine blades. Wind turbine blades serve as the most important composite based part of the turbine.
- The rising demand for wind energy is leading to the construction of larger wind blades that offer higher power output, which is, in turn, resulting in the increased consumption of composite materials for blades
- With the development of floating wind turbines, the offshore opportunities for wind energy has increased due to comparatively lesser cost and easy installation.
- This is projected to lead to the increase in the production of wind turbines and its components made of composites, which is likely to positively influence the wind turbine composite materials market.
- Hence, owing to the above-mentioned factors, application in wind turbines is expected to dominate the market during the forecast period.

Asia-Pacific to Dominate the Market

- Asia-Pacific is expected to lead the market for wind turbine composite materials owing to the increasing wind energy infrastructure in the region.
- China accounts for the largest share of the global wind installed capacity. Moreover, the country announced its plan to invest about USD 360 billion on renewable energy by 2020, turning down the plan to build 85 coal-fired power plants, which is expected to increase the wind energy installations in the country in the coming years, further leading to increase in the production of wind turbines.
- India has the fourth largest installed capacity in wind power currently and is expected to increase its wind power capacity in the coming years which is expected to drive the market studied.
- Hence, owing to the above-mentioned factors, Asia-Pacific is likely to dominate the market studied during the forecast period.

Competitive Landscape

The wind turbine composite materials market is moderately fragmented as the market share is divided between many players. Key players in the market includeLianyungang Zhongfu Lianzhong Composites Group Co.,Ltd, Hexcel Corporation, Teijin Limited, Toray Industries Inc. and Vestas Wind Systems A/S, among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Application of Carbon Fiber in Wind Blades
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Recyclability Issue of Composites
4.2.2 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Fiber Type
5.1.1 Glass Fiber
5.1.2 Carbon Fiber
5.1.3 Others
5.2 Technology
5.2.1 Vacuum Injection Molding
5.2.2 Prepreg
5.2.3 Hand Lay-Up
5.2.4 Others
5.3 Application
5.3.1 Wind Blades
5.3.2 Nacelles
5.3.3 Others
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 ASEAN Countries
5.4.1.6 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Exel Composites
6.4.2 Gurit Holding AG
6.4.3 Hexcel Corporation
6.4.4 Reliance Industries Limited
6.4.5 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
6.4.6 Molded Fiber Glass Companies
6.4.7 Siemens AG
6.4.8 Teijin Limited
6.4.9 Toray Industries, Inc.
6.4.10 TPI Corporation
6.4.11 Vestas

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Offshore Wind Energy Installations

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