- Epoxy
- Polyester
- Vinyl Ester
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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
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 |