Global Wind Turbine Materials Market Analysis and Forecast 2019 to 2029

 Global wind turbine materials market is estimated to be valued US$ 5,012 Million by 2019 end and is forecast to witness a significant growth of around 7% CAGR during the forecast period.

Key driving factor in global wind turbine materials market comes from an increasing number of wind power projects worldwide.

There has been a significant rise in the number of wind projects, which is the main outcome of rising demand for conventional energy resources.

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Key findings of the Wind Turbine Materials market study:

·         Regional breakdown of the Wind Turbine Materials market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Wind Turbine Materials vendors in detail.

·         Region-wise and country-wise fragmentation of the Wind Turbine Materials market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Wind Turbine Materials market.

Market Players Focused On Inorganic Growth:

Global wind turbine materials market is moderately fragmented in nature. Prominent players with established market presence in global wind turbine materials market are

  • Siemens AG
  • Teijin Limited
  • Toray Industries Inc.
  • Reliance Industries Limited
  • Lianyungang Zhongfu Lianzhong Composites Group Co.Ltd
  • Molded Fiber Glass Companies
  • Gurit Holding AG
  • Hexcel Corporation.

Global players in market have targeted acquisitions and mergers as a key strategy for future development.

  • For Instance, In October 2018, Gurit Holding (Switzerland) acquired all shares in JSB Group (Denmark) for US$ 72 Mn. JSB group is one of the key players in core material kits for wind turbine blades. This strategic move has enhanced Gurit’s value chain and will allow the company to offer wind energy OEMs a full solution of structural core materials, core material kits and wind turbine blade molds.
  • Likewise, in April 2017, Siemens concluded the merger of its wind power business with Gamesa.

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Wind Turbine Materials Market Segmentation:

Fact.MR has studied the Wind Turbine Materials market with detailed segmentation on the basis of type, application and key regions.

  • By Type :
    • Fiber
      • Glass Fiber
      • Carbon Fiber
      • Other
    • Resin
      • Epoxy
      • Polyester
      • Polyurethane
      • Vinyl Ester
      • Others
  • By Application :
    • Wind Blades
    • Nacelles
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

 

How will be insights and market estimations provided in the Fact.MR report on the Demand of Wind Turbine Materials make a difference?

  • The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
  • The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
  • The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
  • Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
  • Evaluates the role of various stages of funding on new growth avenues in key regional markets 

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Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

 

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