Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Wind Turbine Composite Materials Market - Global Analysis, Forecast 2016 - 2023Wind Turbine Composite Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023
Fibers such as carbon fiber and glass fiber are majorly used in the global wind turbine composite materials market. Glass fibers are high in demand in turbine manufacturing. The most commonly used resins available in the market are polyester, epoxy, vinyl ester, polyurethane, and others. Wind turbine composite materials are used to manufacture hub, nacelle, rotor blade, and towers. Rotor blades are the most important component of a wind turbine. Properties of rotor blades determine the lifetime and performance of a turbine. In fact, rotor blades are the most expensive part of a wind turbine. Rotor blades constitutes the largest application segment of the global wind turbine composite materials market. The technology to manufacture rotor blades has evolved significantly in the last 20 years. Focus has been shifted to reduce cycle time, thereby lowering cost and probability of defects. New wind turbine composite materials are being studied to generate cost-effective wind energy. Get PDF Brochure for more Professional and Technical insights : http://www.transparencymarketresearch.com/ Global Wind Turbine Composite Materials Market: Overview Increased demand from the wind energy sector has propelled the growth of the global wind turbine composite materials market. Various environmental regulations and government initiatives to boost the usage of wind energy are expected to further augment the growth of the market. Composite materials perform better than conventional materials such as steel and aluminum, as they possess properties such as high strength-to- High cost of these materials is estimated to negatively affect the market's growth. The rising cost of carbon fiber is also likely to challenge the growth of the market during the forecast period. The overall market has high scope to expand, led by the extensive research and development activities being carried out by market players to introduce various composite materials with advanced properties. Global Wind Turbine Composite Materials Market: Region-wise Outlook The global wind turbine composite materials market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. The rising awareness about alternative sources of energy, new product launches, and growth of installed wind power size in India and China have augmented the wind turbine composite materials market in Asia Pacific. In fact, the region is anticipated to drive the demand for wind turbine composite materials during the period between 2016 and 2024. North America and Europe are projected to follow the Asia Pacific market. The wind turbine composite materials market in Rest of the World is small; however, it is expected to generate significant demand in the near future. Key players in the global wind turbine composite materials market include Toray Industries, Teijin Limited, Cytec Industries, Gurit Holding AG, Royal Tencate NV, and TPI Composites. The key players are focusing on emerging economies, where rapid industrialization has led to increased demand for alternative sources of energy. Browse Market Research Report with ToC & Free Analysis : http://www.transparencymarketresearch.com/ The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|