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Wind Turbine Composites Material Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Epoxy, Polyester, Vinyl Ester), Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), Application (Blades, Nacelles), Region - Global Forecast to 2021
[Report Updated: 10-03-2017]

Published by MarketsandMarkets: 10 Mar 2017 | 51114 | In Stock

Introduction

“The wind turbine composite market is projected to grow at a CAGR of 9.28% from 2016 to 2021, in terms of value.”

The wind turbine composite market is projected to reach USD 12.17 billion by 2021, at a CAGR of 9.28% from 2016 to 2021. Increase in demand for carbon fibers for manufacturing wind turbine blades and rise in demand for renewable energy sources are driving the growth of this market. However, issues related to the high cost of raw materials such as carbon fiber and epoxy resin, and recyclability issue of composites are factors restraining the growth of the market.

“The blades segment accounts for the largest share of the wind turbine composite market, both in terms of value and volume.”

The blades application segment accounts for the highest composite consumption. Composites used in wind turbine blades provide them with properties such as long shelf life, less maintenance, resistance to corrosion, and high strength-to-weight ratio.

“Asia-Pacific is the fastest-growing market for wind turbine composite.”

The Asia-Pacific wind turbine composite market is witnessing significant growth both, in terms of value and volume. The increasing demand for lightweight and high strength materials is driving the growth of the wind turbine composite market in this region. Moreover, the supportive government initiatives such as favorable policies, wind power development programs, government regulations concerning renewable energy, and adjusted feed in tariffs for land-based wind power installations in this region are offering an impetus to the wind turbine composite market.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

• By company type- Tier 1 - 25%, Tier 2 - 45%, and Tier 3 - 30%

• By designation- C Level - 10%, Director Level - 30%, and Others - 60%

• By region- North America - 30%, Europe - 25%, Asia-Pacific - 30%, Middle East & Africa - 10%, and Latin America - 5%

The report provides a comprehensive analysis of the following companies:

• TPI Composites, Inc. (U.S.)

• MFG Wind (U.S.)

• LM Wind Power (Denmark)

• Gamesa Corporation Technology (Spain)

• AVIC Huiteng Windpower Equipment Co., Ltd. (China)

• Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. (China)

• Vestas Wind Systems A/S (Denmark)

• Suzlon Energy Limited (India)

• Siemens AG (Germany)

Research Coverage:

This report covers the wind turbine composite market on the basis of fiber type, resin type, manufacturing process, application, and region. It aims at estimating the market size and future growth potential of this market across the above mentioned segments. Furthermore, the report also includes an in-depth competitive analysis of key players in the market, along with their company profiles, SWOT analysis, recent developments, and key growth strategies.

Reasons to buy the report:

The report will help market leaders/new entrants by providing them the closest approximations of revenues for the overall wind turbine composite market and its subsegments. The report will also help stakeholders better understand the competitive landscape and gain more insights to better position their businesses and market strategies. It will assist stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents
for Wind Turbine Composites Material Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Epoxy, Polyester, Vinyl Ester), Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), Application (Blades, Nacelles), Region - Global Forecast to 2021 [Report Updated: 10-03-2017]

  • TABLE OF CONTENTS

    1 INTRODUCTION 14

    1.1 OBJECTIVES OF THE STUDY 14

    1.2 MARKET DEFINITION 14

    1.3 MARKET SCOPE 15

    1.3.1 YEARS CONSIDERED FOR THE STUDY 16

    1.4 CURRENCY 16

    1.5 PACKAGE SIZE 16

    1.6 LIMITATIONS 16

    1.7 STAKEHOLDERS 16

    2 RESEARCH METHODOLOGY 17

    2.1 RESEARCH DATA 17

    2.1.1 SECONDARY DATA 18

    2.1.1.1 Key data from secondary sources 18

    2.1.2 PRIMARY DATA 19

    2.1.2.1 Key data from primary sources 19

    2.1.2.2 Key industry insights 20

    2.1.2.3 Breakdown of primary interviews 20

    2.2 MARKET SIZE ESTIMATION 21

    2.2.1 BOTTOM-UP APPROACH 21

    2.2.2 TOP-DOWN APPROACH 22

    2.3 DATA TRIANGULATION 23

    2.4 RESEARCH ASSUMPTIONS 24

    3 EXECUTIVE SUMMARY 25

    4 PREMIUM INSIGHTS 30

    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE WIND TURBINE COMPOSITE MARKET 30

    4.2 WIND TURBINE COMPOSITE MARKET, BY APPLICATION 30

    4.3 WIND TURBINE COMPOSITE MARKET, BY REGION 31

    4.4 WIND TURBINE COMPOSITE MARKET, BY COUNTRY 32

    4.5 WIND TURBINE COMPOSITE MARKET, BY MANUFACTURING PROCESS 32

    5 MARKET OVERVIEW 33

    5.1 INTRODUCTION 34

    5.2 MARKET SEGMENTATION 34

    5.2.1 BY FIBER TYPE 34

    5.2.2 BY RESIN TYPE 34

    5.2.3 BY APPLICATION 35

    5.2.4 BY MANUFACTURING PROCESS 35

    5.3 MARKET DYNAMICS 36

    5.3.1 DRIVERS 36

    5.3.1.1 Increasing length of wind turbine blades 36

    5.3.1.2 Increase in the use of carbon fiber in wind blades 37

    5.3.1.3 Rising demand for renewable energy sources 37

    5.3.2 RESTRAINTS 38

    5.3.2.1 High cost of carbon fiber and epoxy resin 38

    5.3.2.2 Recyclability issue of composites 38

    5.3.2.3 High dependence of wind energy industry on government subsidies 38

    5.3.3 OPPORTUNITIES 39

    5.3.3.1 Growing demand from emerging markets 39

    5.3.3.2 Increasing focus of governments on offshore wind energy installations 39

    5.3.4 CHALLENGES 39

    5.3.4.1 Reducing the cost of carbon fiber 39

    5.4 PORTER’S FIVE FORCES ANALYSIS 40

    5.4.1 THREAT OF NEW ENTRANTS 40

    5.4.2 THREAT OF SUBSTITUTES 41

    5.4.3 BARGAINING POWER OF SUPPLIERS 41

    5.4.4 BARGAINING POWER OF BUYERS 41

    5.4.5 INTENSITY OF COMPETITIVE RIVALRY 42

    6 MACROECONOMIC OVERVIEW 43

    6.1 INTRODUCTION 43

    6.2 TRENDS AND FORECAST OF GDP 43

    6.3 PER CAPITA GDP VS. PER CAPITA WIND TURBINE COMPOSITE DEMAND 44

    6.4 TRENDS IN THE WIND ENERGY INDUSTRY 45

    7 WIND TURBINE COMPOSITE MARKET, BY FIBER TYPE 47

    7.1 INTRODUCTION 48

    7.2 GLASS FIBER 49

    7.3 CARBON FIBER 50

    7.4 OTHER PROMISING FIBERS 51

    8 WIND TURBINE COMPOSITE MARKET, BY RESIN TYPE 52

    8.1 INTRODUCTION 53

    8.2 EPOXY RESIN 54

    8.3 POLYESTER RESIN 55

    8.4 VINYLESTER RESIN 56

    8.5 OTHER RESINS 57

    8.5.1 POLYURETHANE RESIN 57

    8.5.2 POLYAMIDE RESIN 58

    9 WIND TURBINE COMPOSITE MARKET, BY MANUFACTURING PROCESS 59

    9.1 INTRODUCTION 60

    9.2 VACUUM INJECTION MOLDING 61

    9.3 PREPREG 63

    9.4 HAND LAY-UP 64

    10 WIND TURBINE COMPOSITE MARKET, BY APPLICATION 65

    10.1 INTRODUCTION 66

    10.2 BLADES 67

    10.3 NACELLES 68

    10.4 OTHERS 69

    10.4.1 HUB 69

    10.4.2 TOWER 69

    11 REGIONAL ANALYSIS 71

    11.1 INTRODUCTION 72

    11.2 ASIA-PACIFIC 73

    11.2.1 CHINA 78

    11.2.2 JAPAN 78

    11.2.3 SOUTH KOREA 78

    11.2.4 INDIA 78

    11.3 EUROPE 79

    11.3.1 GERMANY 83

    11.3.2 POLAND 83

    11.3.3 FRANCE 83

    11.3.4 U.K. 83

    11.3.5 TURKEY 84

    11.4 NORTH AMERICA 84

    11.4.1 U.S. 88

    11.4.2 CANADA 88

    11.5 LATIN AMERICA 89

    11.5.1 BRAZIL 93

    11.5.2 URUGUAY 93

    11.6 MIDDLE EAST & AFRICA 93

    11.6.1 SOUTH AFRICA 97

    11.6.2 ETHIOPIA 97

    11.6.3 JORDAN 97

    12 COMPETITIVE LANDSCAPE 98

    12.1 OVERVIEW 98

    12.2 COMPETITIVE SITUATION AND TRENDS 99

    12.3 MARKET SHARE ANALYSIS 100

    12.3.1 LM WIND POWER 101

    12.3.2 AVIC HUITENG WIND POWER EQUIPMENT COMPANY LIMITED 101

    12.3.3 VESTAS WIND SYSTEMS A/S 101

    12.4 RECENT DEVELOPMENTS 102

    12.4.1 AGREEMENTS 102

    12.4.2 EXPANSIONS 109

    12.4.3 NEW PRODUCT LAUNCHES 110

    12.4.4 ACQUISITIONS 111

    13 COMPANY PROFILES 112

    (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*

    13.1 LM WIND POWER 112

    13.2 AVIC HUITENG WIND POWER EQUIPMENT COMPANY LIMITED 115

    13.3 VESTAS WIND SYSTEMS A/S 116

    13.4 GAMESA CORPORATION TECHNOLOGY 119

    13.5 TPI COMPOSITES, INC. 123

    13.6 SUZLON ENERGY LIMITED 126

    13.7 AREVA 130

    13.8 SIEMENS AG 132

    13.9 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO., LTD 134

    13.10 MFG WIND 135

    *Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

    13.11 OTHER COMPANIES 136

    13.11.1 NORDEX SE 136

    13.11.2 KEMROCK INDUSTRIES AND EXPORTS LIMITED 136

    13.11.3 ENERCON GMBH 136

    13.11.4 SENVION 136

    13.11.5 UNITED POWER 136

    14 APPENDIX 137

    14.1 INSIGHTS FROM INDUSTRY EXPERTS 137

    14.2 DISCUSSION GUIDE 138

    14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 140

    14.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 142

    14.5 AVAILABLE CUSTOMIZATIONS 143

    14.6 RELATED REPORTS 143

    14.7 AUTHOR DETAILS 144

List Of Tables
in Wind Turbine Composites Material Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Epoxy, Polyester, Vinyl Ester), Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), Application (Blades, Nacelles), Region - Global Forecast to 2021 [Report Updated: 10-03-2017]

LIST OF TABLES


TABLE 1 WIND TURBINE COMPOSITE MARKET SIZE (VOLUME AND VALUE), 2014–2021 26

TABLE 2 WIND TURBINE COMPOSITE MARKET, BY FIBER TYPE 34

TABLE 3 WIND TURBINE COMPOSITE MARKET, BY RESIN TYPE 34

TABLE 4 WIND TURBINE COMPOSITE MARKET, BY APPLICATION 35

TABLE 5 WIND TURBINE COMPOSITE MARKET, BY MANUFACTURING PROCESS 35

TABLE 6 TRENDS AND FORECAST OF GDP, BY COUNTRY, 2015–2021 (USD BILLION) 43

TABLE 7 PER CAPITA GDP VS. PER CAPITA WIND TURBINE COMPOSITE DEMAND, 2015 44

TABLE 8 WIND ENERGY INSTALLATION, MW (2011–2015) 45

TABLE 9 WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (USD MILLION) 48

TABLE 10 WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2014–2021 (KILOTON) 48

TABLE 11 GLASS FIBER-BASED WIND TURBINE COMPOSITE MARKET SIZE,

BY REGION, 2014–2021 (USD MILLION) 49

TABLE 12 GLASS FIBER-BASED WIND TURBINE COMPOSITE MARKET SIZE,

BY REGION, 2014–2021 (KILOTON) 50

TABLE 13 CARBON FIBER-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 50

TABLE 14 CARBON FIBER-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2015–2021 (KILOTON) 51

TABLE 15 WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 53

TABLE 16 WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 53

TABLE 17 EPOXY RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 55

TABLE 18 EPOXY RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 55

TABLE 19 POLYESTER RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 56

TABLE 20 POLYESTER RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 56

TABLE 21 VINYLESTER RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 57

TABLE 22 VINYLESTER RESIN-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 57

TABLE 23 OTHER RESINS-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 58

TABLE 24 OTHER RESINS-BASED WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 58

TABLE 25 WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS,

2014–2021 (USD MILLION) 60

TABLE 26 WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS,

2014–2021 (KILOTON) 61

TABLE 27 WIND TURBINE COMPOSITE MARKET SIZE IN VACUUM INJECTION MOLDING PROCESS, BY REGION, 2014–2021 (USD MILLION) 62

TABLE 28 WIND TURBINE COMPOSITE MARKET SIZE IN VACUUM INJECTION MOLDING PROCESS, BY REGION, 2014–2021 (KILOTON) 62

TABLE 29 WIND TURBINE COMPOSITE MARKET SIZE IN PREPREG MANUFACTURING PROCESS, BY REGION, 2014–2021 (USD MILLION) 63

TABLE 30 WIND TURBINE COMPOSITE MARKET SIZE IN PREPREG MANUFACTURING PROCESS, BY REGION, 2014–2021 (KILOTON) 63

TABLE 31 WIND TURBINE COMPOSITE MARKET SIZE IN HAND LAY-UP MANUFACTURING PROCESS, BY REGION, 2014–2021 (USD MILLION) 64

TABLE 32 WIND TURBINE COMPOSITE MARKET SIZE IN HAND LAYUP MANUFACTURING PROCESS, BY REGION, 2014–2021 (KILOTON) 64

TABLE 33 WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (USD MILLION) 66

TABLE 34 WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (KILOTON) 66

TABLE 35 WIND TURBINE COMPOSITE MARKET SIZE IN WIND BLADE APPLICATION,

BY REGION, 2014–2021 (USD MILLION) 67

TABLE 36 WIND TURBINE COMPOSITE MARKET SIZE IN WIND BLADE APPLICATION,

BY REGION, 2014–2021 (KILOTON) 68

TABLE 37 WIND TURBINE COMPOSITE MARKET SIZE IN NACELLE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 68

TABLE 38 WIND TURBINE COMPOSITE MARKET SIZE IN NACELLE APPLICATION, BY REGION, 2014–2021 (KILOTON) 69

TABLE 39 WIND TURBINE COMPOSITE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021 (USD MILLION) 70

TABLE 40 WIND TURBINE COMPOSITE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021(KILOTON) 70

TABLE 41 WIND TURBINE COMPOSITE MARKET SIZE, BY REGION,

2014–2021 (USD MILLION) 73

TABLE 42 WIND TURBINE COMPOSITE MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 73

TABLE 43 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (USD MILLION) 75

TABLE 44 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (KILOTON) 75

TABLE 45 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (USD MILLION) 75

TABLE 46 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (KILOTON) 76

TABLE 47 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (USD MILLION) 76

TABLE 48 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (KILOTON) 76

TABLE 49 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE,

2014–2021 (USD MILLION) 77

TABLE 50 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 77

TABLE 51 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 77

TABLE 52 ASIA-PACIFIC: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 78

TABLE 53 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (USD MILLION) 80

TABLE 54 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (KILOTON) 80

TABLE 55 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (USD MILLION) 80

TABLE 56 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION,

2014–2021 (KILOTON) 81

TABLE 57 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (USD MILLION) 81

TABLE 58 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (KILOTON) 81

TABLE 59 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE,

2014–2021 (USD MILLION) 82

TABLE 60 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE,

2014–2021 (KILOTON) 82

TABLE 61 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 82

TABLE 62 EUROPE: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 83

TABLE 63 NORTH AMERICA: WIND TURBINE MARKET SIZE, BY COUNTRY,

2014–2021 (USD MILLION) 85

TABLE 64 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (KILOTON) 85

TABLE 65 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION, 2014–2021 (USD MILLION) 85

TABLE 66 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION, 2014–2021 (KILOTON) 86

TABLE 67 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2014–2021 (USD MILLION) 86

TABLE 68 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2014–2021 (KILOTON) 86

TABLE 69 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 87

TABLE 70 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 87

TABLE 71 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 87

TABLE 72 NORTH AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 88

TABLE 73 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2021 (USD MILLION) 89

TABLE 74 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY,

2014–2026 (KILOTON) 89

TABLE 75 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION, 2014–2021 (USD MILLION) 90

TABLE 76 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY APPLICATION, 2014–2026 (KILOTON) 90

TABLE 77 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (USD MILLION) 91

TABLE 78 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE,

2014–2021 (KILOTON) 91

TABLE 79 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE,

2014–2021 (USD MILLION) 91

TABLE 80 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE,

2014–2021 (KILOTON) 92

TABLE 81 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 92

TABLE 82 LATIN AMERICA: WIND TURBINE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 92

TABLE 83 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 93

TABLE 84 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 94

TABLE 85 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE,

BY APPLICATION, 2014–2021 (USD MILLION) 94

TABLE 86 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE,

BY APPLICATION, 2014–2021 (KILOTON) 95

TABLE 87 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2014–2021 (USD MILLION) 95

TABLE 88 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2014–2021 (KILOTON) 95

TABLE 89 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 96

TABLE 90 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 96

TABLE 91 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE,

BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 96

TABLE 92 MIDDLE EAST & AFRICA: WIND TURBINE COMPOSITE MARKET SIZE,

BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 97

TABLE 93 AGREEMENTS, 2011–2016 102

TABLE 94 EXPANSIONS, 2011–2016 109

TABLE 95 NEW PRODUCT LAUNCHES, 2011–2016 110

TABLE 96 ACQUISITIONS, 2011–2016 111

List Of Figures, Charts and Diagrams
in Wind Turbine Composites Material Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Epoxy, Polyester, Vinyl Ester), Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), Application (Blades, Nacelles), Region - Global Forecast to 2021 [Report Updated: 10-03-2017]

LIST OF FIGURES


FIGURE 1 WIND TURBINE COMPOSITE MARKET: MARKET SEGMENTATION 15

FIGURE 2 WIND TURBINE COMPOSITE MARKET: RESEARCH METHODOLOGY 17

FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22

FIGURE 5 WIND TURBINE COMPOSITE: DATA TRIANGULATION METHODOLOGY 23

FIGURE 6 GLASS FIBER TO DRIVE THE WIND TURBINE COMPOSITE MARKET DURING THE FORECAST PERIOD 26

FIGURE 7 EPOXY RESIN TO BE THE FASTEST-GROWING RESIN TYPE IN THE WIND TURBINE COMPOSITE MARKET, 2016 VS. 2021 27

FIGURE 8 BLADE TO BE THE LARGEST APPLICATION OF WIND TURBINE COMPOSITE DURING THE FORECAST PERIOD 27

FIGURE 9 VACUUM INJECTION MOLDING MANUFACTURING PROCESS TO DRIVE THE WIND TURBINE COMPOSITE MARKET DURING THE FORECAST PERIOD 28

FIGURE 10 ASIA-PACIFIC TO LEAD THE WIND TURBINE COMPOSITE MARKET, IN TERMS OF VALUE, 2015 29

FIGURE 11 HIGH DEMAND FOR BLADE AND NACELLE APPLICATIONS TO DRIVE THE GROWTH OF THE WIND TURBINE COMPOSITE MARKET 30

FIGURE 12 BLADE TO BE THE FASTEST-GROWING APPLICATION OF THE WIND TURBINE COMPOSITE MARKET, 2016–2021 30

FIGURE 13 ASIA-PACIFIC IS ESTIMATED TO BE THE LARGEST WIND TURBINE COMPOSITE MARKET 31

FIGURE 14 GERMANY TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD 32

FIGURE 15 VACUUM INJECTION MOLDING PROCESS TO ACCOUNT FOR THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 32

FIGURE 16 FACTORS GOVERNING THE WIND TURBINE COMPOSITE MARKET 36

FIGURE 17 PORTER’S FIVE FORCES ANALYSIS 40

FIGURE 18 TRENDS AND FORECAST OF GDP, BY COUNTRY, 2015–2021 (USD BILLION) 44

FIGURE 19 PER CAPITA GDP VS. PER CAPITA WIND TURBINE COMPOSITE DEMAND, 2015 45

FIGURE 20 ASIA-PACIFIC TO LEAD THE WIND ENERGY INSTALLED CAPACITY, 2014–2015 (MW) 46

FIGURE 21 GLASS FIBER TO DOMINATE THE WIND TURBINE COMPOSITE MARKET 49

FIGURE 22 EPOXY RESIN TO DOMINATE THE WIND TURBINE COMPOSITE MARKET 54

FIGURE 23 EPOXY RESIN-BASED WIND TURBINE COMPOSITE MARKET TO WITNESS THE HIGHEST GROWTH IN ASIA-PACIFIC 54

FIGURE 24 WIND TURBINE COMPOSITE MARKET TO WITNESS THE HIGHEST GROWTH IN VACUUM INJECTION MOLDING PROCESS 60

FIGURE 25 ASIA-PACIFIC TO DRIVE THE WIND TURBINE COMPOSITE MARKET IN VACUUM INJECTION MOLDING PROCESS 61

FIGURE 26 WIND TURBINE COMPOSITE MARKET TO WITNESS THE HIGHEST GROWTH IN WIND BLADE APPLICATION 66

FIGURE 27 ASIA-PACIFIC TO DRIVE THE WIND TURBINE COMPOSITE MARKET IN BLADE APPLICATION 67

FIGURE 28 ASIA-PACIFIC TO DRIVE THE GLOBAL WIND TURBINE COMPOSITE MARKET 72

FIGURE 29 ASIA-PACIFIC WIND TURBINE COMPOSITE MARKET SNAPSHOT: CHINA TO LEAD THE MARKET 74

FIGURE 30 EUROPE WIND TURBINE COMPOSITE MARKET SNAPSHOT: GERMANY TO LEAD THE WIND TURBINE COMPOSITE MARKET IN EUROPE 79

FIGURE 31 NORTH AMERICA WIND TURBINE COMPOSITE MARKET SNAPSHOT: THE U.S. IS ESTIMATED TO BE THE LARGEST MARKET IN THE REGION 84

FIGURE 32 LATIN AMERICA WIND TURBINE COMPOSITE MARKET SNAPSHOT: BRAZIL TO DRIVE THE WIND TURBINE COMPOSITE MARKET DURING THE FORECAST PERIOD 90

FIGURE 33 MIDDLE EAST & AFRICA WIND TURBINE COMPOSITE MARKET SNAPSHOT: SOUTH AFRICA TO REGISTER THE HIGHEST CAGR IN THE REGION 94

FIGURE 34 AGREEMENTS ARE THE MOST PREFERRED GROWTH STRATEGY ADOPTED BY MAJOR PLAYERS, 2011–2016 98

FIGURE 35 MARKET DEVELOPMENT MATRIX: MAXIMUM NUMBER OF AGREEMENTS WERE WITNESSED IN 2015 99

FIGURE 36 GROWTH STRATEGIES ADOPTED BY THE KEY PLAYERS IN THE WIND TURBINE COMPOSITE MARKET 100

FIGURE 37 LM WIND POWER: THE LARGEST COMPANY IN THE WIND TURBINE COMPOSITE MARKET, 2015 100

FIGURE 38 LM WIND POWER: COMPANY SNAPSHOT 112

FIGURE 39 LM WIND POWER: SWOT ANALYSIS 113

FIGURE 40 VESTAS WIND SYSTEMS A/S: COMPANY SNAPSHOT 116

FIGURE 41 VESTAS WIND SYSTEMS A/S: SWOT ANALYSIS 118

FIGURE 42 GAMESA CORPORATION TECHNOLOGY: COMPANY SNAPSHOT 119

FIGURE 43 GAMESA CORPORATION TECHNOLOGY: SWOT ANALYSIS 122

FIGURE 44 TPI COMPOSITES, INC.: COMPANY SNAPSHOT 123

FIGURE 45 TPI COMPOSITES, INC.: SWOT ANALYSIS 125

FIGURE 46 SUZLON ENERGY LIMITED: COMPANY SNAPSHOT 126

FIGURE 47 SUZLON ENERGY LIMITED: SWOT ANALYSIS 129

FIGURE 48 AREVA: COMPANY SNAPSHOT 130

FIGURE 49 SIEMENS AG: COMPANY SNAPSHOT 132

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MarketsandMarkets

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51114 | CH 3212

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146

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PDF

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