Press release
Wind Turbine Composite Materials Market (Size of $3,970.4 Million in 2015) to Witness 7.8% CAGR During 2016 – 2022
Explore Full Market Research Report on “Global Wind Turbine Composite Materials Market” at: www.psmarketresearch.com/market-analysis/wind-turbine-composite-materials-market
Among the various types of composite materials for wind turbine, the fiber 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. The carbon fiber segment is expected to grow at the highest CAGR during forecast period. Carbon fiber composites are gaining immense popularity for the manufacturing of wind turbine blades, owing to their high strength and low-weight. Among the various applications of wind turbine composite materials, the wind blade segment held the largest share in the global market in 2015.
Asia-Pacific was the largest market for wind turbine composite materials in 2015. The region is expected to remain the largest segment throughout the forecast period. High energy demand in the region and significant growth in the wind energy industry are driving the growth of the wind turbine composite materials market in Asia-Pacific. China held the largest share in the Asia-Pacific as well as global wind turbine composite materials market in 2015. Middle East and Africa is expected to be the fastest growing market for wind turbine composite materials during 2016 – 2022, owing to the several anticipated wind power projects in the region.
To Browse For Related Reports Of This Category: www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
GLOBAL WIND TURBINE COMPOSITE MATERIALS MARKET SEGMENTATION
By Type
Fiber
Glass Fiber
Carbon Fiber
Others
Resin
Epoxy
Polyester
Polyurethane
Vinyl Ester
Others
By Application
Wind Blade
Nacelle
Others
By Region
North America
U.S.
Canada
Rest of North America
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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