Wind Turbine Composites Market Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

                                                                             
Wind turbine composites are used in the manufacture of blades and equipment parts that provide exceptional tensile strength and product resilience.

     Wind Turbine Composites Market


Wind turbine composites are used in the manufacture of blades and equipment parts that provide exceptional tensile strength and product resilience. Wind turbine composites provide numerous benefits, including low maintenance, corrosion resistance, and long product life. As a result, wind turbine composites are used in a variety of applications, including nacelles, hubs, towers, and blades. Furthermore, the lightweight properties of these composites allow blades to rotate faster than other materials at the same wind speed. Furthermore, the reduced weight of the turbine reduces the need for a strong turbine.

The increasing use and adoption of carbon-based composite materials in the manufacturing of wind turbine components has had a significant impact on the growth of the Wind Turbine Composites Market. In line with this, the increasing demand for renewable energy sources is also a key determinant favouring the growth of the market from 2021 to 2028. The rapid expansion of the use of epoxy composites in the wind energy industry, as well as the increasing length of wind turbine blades, are also positively impacting the growth of the wind turbine composites market. The rapid increase in the use of carbon fibre in wind blades is the primary driver of market growth.


Market Segmentation:

On the basis of fiber
  • Glass Fiber
  • Carbon Fiber
  • Others

On the basis of resin type
  • Epoxy resin
  • Polyester resin
  • Vinylester
  • Polyurethane
  • Polyamide
  • Others

On the basis of manufacturing process
  • Pre-preg
  • Vacuum Assisted Resin Transfer Molding (VARTM)
  • Hand Lay-up

In the wind turbine composites market, Asia Pacific is the fastest growing region. China alone has installed 23.4 GW of new capacity, according to the Global Wind Energy Council. China's expanding market is the result of a vision to become energy independent and sustainable. China, on the other hand, is heavily reliant on hydrocarbon imports from Middle Eastern countries. Concerns about air quality caused by coal emissions have also prompted a shift toward the use of renewable energy.

The key players in the wind composites market include Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG, Hexel Corporation, and Teijin Limited, TPI Composites, Inc., Gamesa Corporation Technology, Vestas Wind Systems A/S, and Suzlon Energy Limited.

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