Press release
Wind Turbine Composite Materials Market Share, Growth by Top Company, Region Analysis Till 2022
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The fiber composite materials for wind turbine segment held the largest share in the global market in 2015. Among the different types of fiber composites, the glass fiber held the largest share in 2015, and it is also expected to retain its dominance during 2016 – 2022.
Geographically, Asia-Pacific was the largest market for wind turbine composite materials in terms of volume. The cumulative wind power capacity in Asia-Pacific was 100.8 GW in 2012, which increased to 146.4 GW in 2014. The increase in wind power capacity illustrates increase in demand for wind turbine composite materials in the region.
The total wind power capacity installed in China was 75.3 GW in 2012, which increased to 114.6 GW in 2014. The wind turbine composite materials market witnessed the highest growth in Middle East and Africa during 2012 – 2015, owing to the significant increase in the wind power capacity in the region.
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Some of the other players operating in the global market are Cytec Solvay Group, Toray Industries Inc., Koninklijke Ten Cate NV., Hexcel Corporation, Teijin Limited, TPI Composites Inc., and Molded Fiber Glass Companies.
GLOBAL WIND TURBINE COMPOSITE MATERIALS MARKET
By Type
Fiber
Glass Fiber
Carbon Fiber
Others
Resin
Epoxy
Polyester
Polyurethane
Vinyl Ester
Others
Others
By Application
Wind Blade
Nacelle
Others
By Geography
North America
U.S.
Canada
Europe
Germany
Spain
U.K.
Rest of Europe
Asia-Pacific
China
India
Australia
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Morocco
South Africa
Egypt
Rest of Middle East and Africa
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