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Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Materials Industry, Global Wind Turbine Composite Materials Carbon Fiber Market, Global Wind Turbine Composite Materials Epoxy Market: Ken Research

02-01-2021 01:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global Wind Turbine Composite Materials Market, Global Wind

The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix and fiber is far superior from the conventional metals for instance aluminum and steel.

According to study, “Global Wind Turbine Composite Materials Market: Market Segments: By Type (Fiber, Resin and Others); By Technology (Vacuum Injection Molding, Prepreg, Hand Lay-Up, and Others); Application (Wind blades, Nacelles, and Others);and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global wind turbine composite materials market are LM Wind Power, TPI Composites, Orano, Vestas, Molded Fiber Glass Companies, Suzlon Energy Limited, Siemens, Nordex SE, goldwind.com.cn, Senvion S.A., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd,  Toray Industries, Inc, Koninklijke Ten Cate bv, ENERCON GmbH, Solvay, Gurit, Teijin Limited, Exel Group World Wide, Sigma industries Inc., Hexcel Corporation and Reliance Industries Limited. The key companies are focusing on emerging economies, where rapid industrialization has led to augmented demand for alternative sources of energy. Additionally, several players are working toward the expanding their wind turbine composite material manufacturing capacity or geographical reach to cater to the increasing demand for such materials across the world.

For More Information, refer to below link:-
https://www.kenresearch.com/energy-and-utilities/clean-technology/wind-turbine-composite-materials-market/394216-103.html

Based on resin type, wind turbine composite materials market is segmented as polyester, epoxy and vinyl ester. Based on fiber type, market is segmented as carbon fiber and glass fiber. Based on manufacturing process, market is segmented as prepreg, vacuum injection molding and hand lay-up. In addition, based on application, market is segmented as nacelles, blades and others (hub and towers).

The wind turbine composite materials market is driven by increase in use of carbon fiber in wind blades, followed by surge in length of wind turbine blades, strict environmental regulations, increase in wind power generation capacity and surge in government funding for wind power generation and rise in demand for renewable energy sources. However, recyclability issue of composites, high cost of carbon fiber & epoxy resin and high dependence of wind energy industry on government subsidies may impact the market. Moreover, increase in focus of governments on offshore wind energy installations and rise in demand from emerging markets are key opportunities for market. Furthermore, increase in compliance for carbon fiber reinforcement and growth in technological advancements in advance composites are major trends for market.

Based on geography, the Asian-Pacific region holds major share in global wind turbine composite materials market owing to increase in wind energy infrastructure and growth of installed wind power sizes in India and China. The North-American and European regions are estimated to witness higher growth rate due to increase in awareness of renewable energy sources and new product launches & higher expansions over the forecast period. It is predicted that future of the global market will be optimistic on account of growth in adoption of renewable & sustainable energy generation during the forecast period.

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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