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Global Wind Turbine Composite Materials Market Research Report 2024
Synopsis
It refers to the composite material used in wind turbine blades.
The global Wind Turbine Composite Materials market was valued at US$ 10780 million in 2023 and is anticipated to reach US$ 17460 million by 2030, witnessing a CAGR of 7.0% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Composite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Composite Materials.
Report Scope
The Wind Turbine Composite Materials market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Composite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Composite Materials manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cytec Solvay Group
Gurit
Teijin
Toray
TPI Composites
Axiom Materials
HC Composite
Hexcel
Molded Fiber Glass Companies
SGL Group
TenCate
Vestas
Segment by Type
Thermosetting Resin
Thermoplastic Resin
Segment by Application
Onshore Wind
Offshore Wind
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wind Turbine Composite Materials manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Composite Materials by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wind Turbine Composite Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
It refers to the composite material used in wind turbine blades.
The global Wind Turbine Composite Materials market was valued at US$ 10780 million in 2023 and is anticipated to reach US$ 17460 million by 2030, witnessing a CAGR of 7.0% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Composite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Composite Materials.
Report Scope
The Wind Turbine Composite Materials market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Composite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Composite Materials manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cytec Solvay Group
Gurit
Teijin
Toray
TPI Composites
Axiom Materials
HC Composite
Hexcel
Molded Fiber Glass Companies
SGL Group
TenCate
Vestas
Segment by Type
Thermosetting Resin
Thermoplastic Resin
Segment by Application
Onshore Wind
Offshore Wind
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wind Turbine Composite Materials manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Composite Materials by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wind Turbine Composite Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Wind Turbine Composite Materials Market Overview
1.1 Product Definition
1.2 Wind Turbine Composite Materials Segment by Type
1.2.1 Global Wind Turbine Composite Materials Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Thermosetting Resin
1.2.3 Thermoplastic Resin
1.3 Wind Turbine Composite Materials Segment by Application
1.3.1 Global Wind Turbine Composite Materials Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Onshore Wind
1.3.3 Offshore Wind
1.4 Global Market Growth Prospects
1.4.1 Global Wind Turbine Composite Materials Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Wind Turbine Composite Materials Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Wind Turbine Composite Materials Production Estimates and Forecasts (2019-2030)
1.4.4 Global Wind Turbine Composite Materials Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Wind Turbine Composite Materials Production Market Share by Manufacturers (2019-2024)
2.2 Global Wind Turbine Composite Materials Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Wind Turbine Composite Materials, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Wind Turbine Composite Materials Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Wind Turbine Composite Materials Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Wind Turbine Composite Materials, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Wind Turbine Composite Materials, Product Offered and Application
2.8 Global Key Manufacturers of Wind Turbine Composite Materials, Date of Enter into This Industry
2.9 Wind Turbine Composite Materials Market Competitive Situation and Trends
2.9.1 Wind Turbine Composite Materials Market Concentration Rate
2.9.2 Global 5 and 10 Largest Wind Turbine Composite Materials Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Wind Turbine Composite Materials Production by Region
3.1 Global Wind Turbine Composite Materials Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Wind Turbine Composite Materials Production Value by Region (2019-2030)
3.2.1 Global Wind Turbine Composite Materials Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Wind Turbine Composite Materials by Region (2025-2030)
3.3 Global Wind Turbine Composite Materials Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Wind Turbine Composite Materials Production by Region (2019-2030)
3.4.1 Global Wind Turbine Composite Materials Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Wind Turbine Composite Materials by Region (2025-2030)
3.5 Global Wind Turbine Composite Materials Market Price Analysis by Region (2019-2024)
3.6 Global Wind Turbine Composite Materials Production and Value, Year-over-Year Growth
3.6.1 North America Wind Turbine Composite Materials Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Wind Turbine Composite Materials Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Wind Turbine Composite Materials Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Wind Turbine Composite Materials Production Value Estimates and Forecasts (2019-2030)
4 Wind Turbine Composite Materials Consumption by Region
4.1 Global Wind Turbine Composite Materials Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Wind Turbine Composite Materials Consumption by Region (2019-2030)
4.2.1 Global Wind Turbine Composite Materials Consumption by Region (2019-2024)
4.2.2 Global Wind Turbine Composite Materials Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Wind Turbine Composite Materials Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Wind Turbine Composite Materials Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Wind Turbine Composite Materials Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Wind Turbine Composite Materials Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Wind Turbine Composite Materials Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Wind Turbine Composite Materials Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Wind Turbine Composite Materials Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Wind Turbine Composite Materials Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Wind Turbine Composite Materials Production by Type (2019-2030)
5.1.1 Global Wind Turbine Composite Materials Production by Type (2019-2024)
5.1.2 Global Wind Turbine Composite Materials Production by Type (2025-2030)
5.1.3 Global Wind Turbine Composite Materials Production Market Share by Type (2019-2030)
5.2 Global Wind Turbine Composite Materials Production Value by Type (2019-2030)
5.2.1 Global Wind Turbine Composite Materials Production Value by Type (2019-2024)
5.2.2 Global Wind Turbine Composite Materials Production Value by Type (2025-2030)
5.2.3 Global Wind Turbine Composite Materials Production Value Market Share by Type (2019-2030)
5.3 Global Wind Turbine Composite Materials Price by Type (2019-2030)
6 Segment by Application
6.1 Global Wind Turbine Composite Materials Production by Application (2019-2030)
6.1.1 Global Wind Turbine Composite Materials Production by Application (2019-2024)
6.1.2 Global Wind Turbine Composite Materials Production by Application (2025-2030)
6.1.3 Global Wind Turbine Composite Materials Production Market Share by Application (2019-2030)
6.2 Global Wind Turbine Composite Materials Production Value by Application (2019-2030)
6.2.1 Global Wind Turbine Composite Materials Production Value by Application (2019-2024)
6.2.2 Global Wind Turbine Composite Materials Production Value by Application (2025-2030)
6.2.3 Global Wind Turbine Composite Materials Production Value Market Share by Application (2019-2030)
6.3 Global Wind Turbine Composite Materials Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Cytec Solvay Group
7.1.1 Cytec Solvay Group Wind Turbine Composite Materials Corporation Information
7.1.2 Cytec Solvay Group Wind Turbine Composite Materials Product Portfolio
7.1.3 Cytec Solvay Group Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Cytec Solvay Group Main Business and Markets Served
7.1.5 Cytec Solvay Group Recent Developments/Updates
7.2 Gurit
7.2.1 Gurit Wind Turbine Composite Materials Corporation Information
7.2.2 Gurit Wind Turbine Composite Materials Product Portfolio
7.2.3 Gurit Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Gurit Main Business and Markets Served
7.2.5 Gurit Recent Developments/Updates
7.3 Teijin
7.3.1 Teijin Wind Turbine Composite Materials Corporation Information
7.3.2 Teijin Wind Turbine Composite Materials Product Portfolio
7.3.3 Teijin Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Teijin Main Business and Markets Served
7.3.5 Teijin Recent Developments/Updates
7.4 Toray
7.4.1 Toray Wind Turbine Composite Materials Corporation Information
7.4.2 Toray Wind Turbine Composite Materials Product Portfolio
7.4.3 Toray Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Toray Main Business and Markets Served
7.4.5 Toray Recent Developments/Updates
7.5 TPI Composites
7.5.1 TPI Composites Wind Turbine Composite Materials Corporation Information
7.5.2 TPI Composites Wind Turbine Composite Materials Product Portfolio
7.5.3 TPI Composites Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.5.4 TPI Composites Main Business and Markets Served
7.5.5 TPI Composites Recent Developments/Updates
7.6 Axiom Materials
7.6.1 Axiom Materials Wind Turbine Composite Materials Corporation Information
7.6.2 Axiom Materials Wind Turbine Composite Materials Product Portfolio
7.6.3 Axiom Materials Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Axiom Materials Main Business and Markets Served
7.6.5 Axiom Materials Recent Developments/Updates
7.7 HC Composite
7.7.1 HC Composite Wind Turbine Composite Materials Corporation Information
7.7.2 HC Composite Wind Turbine Composite Materials Product Portfolio
7.7.3 HC Composite Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.7.4 HC Composite Main Business and Markets Served
7.7.5 HC Composite Recent Developments/Updates
7.8 Hexcel
7.8.1 Hexcel Wind Turbine Composite Materials Corporation Information
7.8.2 Hexcel Wind Turbine Composite Materials Product Portfolio
7.8.3 Hexcel Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hexcel Main Business and Markets Served
7.7.5 Hexcel Recent Developments/Updates
7.9 Molded Fiber Glass Companies
7.9.1 Molded Fiber Glass Companies Wind Turbine Composite Materials Corporation Information
7.9.2 Molded Fiber Glass Companies Wind Turbine Composite Materials Product Portfolio
7.9.3 Molded Fiber Glass Companies Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Molded Fiber Glass Companies Main Business and Markets Served
7.9.5 Molded Fiber Glass Companies Recent Developments/Updates
7.10 SGL Group
7.10.1 SGL Group Wind Turbine Composite Materials Corporation Information
7.10.2 SGL Group Wind Turbine Composite Materials Product Portfolio
7.10.3 SGL Group Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.10.4 SGL Group Main Business and Markets Served
7.10.5 SGL Group Recent Developments/Updates
7.11 TenCate
7.11.1 TenCate Wind Turbine Composite Materials Corporation Information
7.11.2 TenCate Wind Turbine Composite Materials Product Portfolio
7.11.3 TenCate Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.11.4 TenCate Main Business and Markets Served
7.11.5 TenCate Recent Developments/Updates
7.12 Vestas
7.12.1 Vestas Wind Turbine Composite Materials Corporation Information
7.12.2 Vestas Wind Turbine Composite Materials Product Portfolio
7.12.3 Vestas Wind Turbine Composite Materials Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Vestas Main Business and Markets Served
7.12.5 Vestas Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Wind Turbine Composite Materials Industry Chain Analysis
8.2 Wind Turbine Composite Materials Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Wind Turbine Composite Materials Production Mode & Process
8.4 Wind Turbine Composite Materials Sales and Marketing
8.4.1 Wind Turbine Composite Materials Sales Channels
8.4.2 Wind Turbine Composite Materials Distributors
8.5 Wind Turbine Composite Materials Customers
9 Wind Turbine Composite Materials Market Dynamics
9.1 Wind Turbine Composite Materials Industry Trends
9.2 Wind Turbine Composite Materials Market Drivers
9.3 Wind Turbine Composite Materials Market Challenges
9.4 Wind Turbine Composite Materials Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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