Wind Turbine Composites Market Overview With Demographic Data and Industry Growth Trends

Wind Turbine Composites are being progressively used in the manufacture of wind turbine components. Superior mechanical properties, decreased operating expenditure, and a long lifespan has resulted in its increased use in the wind energy industry. Also, the lightweight property of composites enable the blades to rotate faster than other materials at the same wind speed. Moreover, reduced weight of turbine leads to less robust turbine requirements.

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The major drivers are a shift towards renewable sources of energy in developed markets of Europe and North America. The increased lifespan and low operating expenditures have enabled it to be used in offshore wind energy installations as well. The major challenges are the high cost of composites and issue of reuse and recyclability of composite materials.

Wind Turbine Composites Market Taxonomy

On the basis of fiber, the wind turbine composites market is segmented as-

Glass Fiber
Carbon Fiber
Others
Aramid Fiber
Basalt Fiber
Hybrid Fiber

On the basis of resin type, the wind turbine composites market is segmented as-

Epoxy resin
Polyester resin
Vinylester
Polyurethane
Polyamide
Others

Glass and carbon fibers are the most commonly used fibers. Glass fiber is the most commonly used composite material for wind energy equipment. It is cheaper and less brittle compared to carbon fiber. Carbon fiber has superior mechanical properties such as high strength, lightweight, and corrosion resistance.

Pre-preg process involves reinforcing a fiber with a pre-impregnated resin. Pre-preg requires less curing time, less waste generation, and provides superior strength properties. VARTM process is quicker as it combines and cures the fiber and resins in one step. Also, the process is cost affective and has a scope for automation which has potential to further drive down costs.

Wind Turbine Composites Market Outlook

Asia Pacific is the fastest growing region in the wind turbine composites market. According to the Global Wind Energy Council, China alone has installed 23.4 GW of new capacity. The growing market in China is a result of a vision to become energy dependent and sustainable. However, China is highly dependent on hydrocarbon imports from Middle East countries. Also, concerns regarding air quality due to coal emissions has led to the shift towards the use of renewable energy.

Key Players in the Wind Turbine Composites Market

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

Wind Turbine Composites Market: Key developments

In October 2018, Gurit acquired JSB Group a/S with the objective of enhancing their offerings associated with wind energy. The expertise of JSB group would be helpful in offering material kits for wind turbine blades with manufacturing facilities in different regions of the world. JSB's business operations will be formulated as another business unit under Gurit with no changes in the brand name.

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