Wind Turbine Composites Material Market: By Resin Type (Epoxy, Polyester, Vinyl Ester), By Fiber Type (Glass Fiber, Carbon Fiber), By Application (Blades, Nacelles, Other Applications), By Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-up) and By Geograpy

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Wind Turbine Composites Material Market was expected to grow at a CAGR of 10.4% during the forecast period 2023 to 2029. The global market provides a detailed overview of the wind turbine composites material market and that can be segmented by resin type, fiber type, application, and manufacturing process. By resin type, the market has been segmented into epoxy, polyester, and vinyl ester. The epoxy segment is likely to be the largest and fastest-growing segment in terms of resin type. Based on fiber type, the market is segmented into glass fiber and carbon fiber. Among these, the glass fiber segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of application, the market is segmented into blades, nacelles, and other applications. The blades segment is likely to be the largest and fastest-growing segment in the market. By manufacturing process, the market is segregated into vacuum injection molding, prepreg, and hand lay-up. Among these, the vacuum injection molding segment is expected to have the fastest-growing market during the forecast period 2023-2029.

Wind Turbine Composites Material Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

10.4%

Largest Market

Asia Pacific

Fastest Growing Market

Asia-Pacific
Wind Turbine Composites Material Market Dynamics

Wind energy generation is currently expanding in developing countries, while its importance in wealthy countries stays unchanged. Despite unfavorable pricing patterns, increasing environmental consciousness across countries has increased its popularity over time. Huge hydroelectric projects, for example, offer the lowest energy prices when compared to the wind sector. As wind energy is both clean and renewable, there is universal consensus that investment in R&D would improve the sector's cost profile and competitive edge over other energy sources.

Key Features of the Reports

  • The wind turbine composites material market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The wind turbine composites material market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The wind turbine composites material market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The wind turbine composites material market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The wind turbine composites material market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Wind Turbine Composites Material Market Segmentation

By Resin Type
  • Epoxy
  • Polyester
  • Vinyl Ester
By Fiber Type
  • Glass Fiber
  • Carbon Fiber
By Application
  • Blades
  • Nacelles
  • Other Applications
By Manufacturing
  • Vacuum Injection Molding
  • Prepreg
  • Hand Lay-up

Frequently Asked Questions

The Wind Turbine Composites Material Market is projected to expand at a CAGR of 10.4% during the forecast period

The major players in the global wind turbine composites material market are LM Wind Power, Avic Huiteng Wind Power Equipment Company Limited, Vestas Wind Systems A/S, Gamesa Corporation Technology, TPI Composites, Inc., Suzlon Energy Limited, AREVA, Siemens AG, Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd, Mfg Wind, Nordex Se, Kemrock Industries and Exports Limited, Enercon GmbH, Senvion and United Power.

Asia Pacific market is the fastest-growing region for Wind Turbine Composites Material Market

1. Executive Summary
2. Global Wind Turbine Composites Material Market Introduction
2.1. Global Wind Turbine Composites Material Market Taxonomy
2.2. Global Wind Turbine Composites Material Market Definitions
2.2.1. By Resin Type
2.2.2. By Fiber Type
2.2.3. By Application
2.2.4. By Manufacturing Process
2.2.5. By Region
3. Global Wind Turbine Composites Material Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Wind Turbine Composites Material Market Dynamic Factors - Impact Analysis
4. Global Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Wind Turbine Composites Material Market, By Resin Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Epoxy
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Polyester
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Vinyl Ester
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Wind Turbine Composites Material Market, By Fiber Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Glass Fiber
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Carbon Fiber
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Wind Turbine Composites Material Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Blades
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Nacelles
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Other Applications
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Wind Turbine Composites Material Market, By Manufacturing Process, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Vacuum Injection Molding
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Prepreg
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Hand Lay-up
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Wind Turbine Composites Material Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Region, 2023 - 2029
10. North America Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Epoxy
10.1.2. Polyester
10.1.3. Vinyl Ester
10.2. Fiber Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Glass Fiber
10.2.2. Carbon Fiber
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Blades
10.3.2. Nacelles
10.3.3. Others (Towers and Hub)
10.4. Manufacturing Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Vacuum Injection Molding
10.4.2. Prepreg
10.4.3. Hand Lay-up
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Country, 2023 - 2029
10.7. North America Wind Turbine Composites Material Market Dynamics Trends
11. Europe Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Epoxy
11.1.2. Polyester
11.1.3. Vinyl Ester
11.2. Fiber Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Glass Fiber
11.2.2. Carbon Fiber
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Blades
11.3.2. Nacelles
11.3.3. Others (Towers and Hub)
11.4. Manufacturing Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Vacuum Injection Molding
11.4.2. Prepreg
11.4.3. Hand Lay-up
11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Country, 2023 - 2029
11.7. Europe Wind Turbine Composites Material Market Dynamics Trends
12. Asia-Pacific Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Epoxy
12.1.2. Polyester
12.1.3. Vinyl Ester
12.2. Fiber Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Glass Fiber
12.2.2. Carbon Fiber
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Blades
12.3.2. Nacelles
12.3.3. Others (Towers and Hub)
12.4. Manufacturing Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Vacuum Injection Molding
12.4.2. Prepreg
12.4.3. Hand Lay-up
12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Country, 2023 - 2029
12.7. Asia-Pacific Wind Turbine Composites Material Market Dynamics Trends
13. Latin America Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Epoxy
13.1.2. Polyester
13.1.3. Vinyl Ester
13.2. Fiber Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Glass Fiber
13.2.2. Carbon Fiber
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Blades
13.3.2. Nacelles
13.3.3. Others (Towers and Hub)
13.4. Manufacturing Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Vacuum Injection Molding
13.4.2. Prepreg
13.4.3. Hand Lay-up
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Country, 2023 - 2029
13.7. Latin America Wind Turbine Composites Material Market Dynamics Trends
14. Middle East and Africa Wind Turbine Composites Material Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
14.1. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Epoxy
14.1.2. Polyester
14.1.3. Vinyl Ester
14.2. Fiber Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Glass Fiber
14.2.2. Carbon Fiber
14.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Blades
14.3.2. Nacelles
14.3.3. Others (Towers and Hub)
14.4. Manufacturing Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Vacuum Injection Molding
14.4.2. Prepreg
14.4.3. Hand Lay-up
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Wind Turbine Composites Material Market - Opportunity Analysis Index, By Resin Type, Fiber Type, Application, Manufacturing Process, and Country, 2023 - 2029
14.7. MEA Wind Turbine Composites Material Market Dynamics Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. LM Wind Power
15.2.2. Avic Huiteng Wind Power Equipment Company Limited
15.2.3. Vestas Wind Systems A/S
15.2.4. Gamesa Corporation Technology
15.2.5. TPI Composites, Inc.
15.2.6. Suzlon Energy Limited
15.2.7. AREVA
15.2.8. Siemens AG
15.2.9. Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
15.2.10. Mfg Wind
15.2.11. Nordex Se
15.2.12. Kemrock Industries and Exports Limited
15.2.13. Enercon GmbH
15.2.14. Senvion
15.2.15. United Power
16. Research Methodology
17. Key Assumptions and Acronyms
  • LM Wind Power
  • Avic Huiteng Wind Power Equipment Company Limited
  • Vestas Wind Systems A/S
  • Gamesa Corporation Technology
  • TPI Composites, Inc.
  • Suzlon Energy Limited
  • AREVA
  • Siemens AG
  • Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
  • Mfg Wind
  • Nordex Se
  • Kemrock Industries and Exports Limited
  • Enercon GmbH
  • Senvion
  • United Power

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