Wind Turbine Composites market To Eyewitness Massive Growth By 2026 | Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG

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.

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.

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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

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. Hand lay-up is an open molding process, as it involves placing of mold by hand and wetting with resin. Although, it is the cheapest manufacturing process and is susceptible to manufacturing defects.

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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.

Europe saw an increase of 1,558 MW of offshore wind installations. Germany and U.K are the major players in the European wind energy market. Strict regulation regarding emissions and carbon footprint has resulted in increased renewable energy development. In 2016, wind energy crossed coal to become the second largest power generator after natural gas.

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