The Consumption of Composite Materials in Global Wind Energy Industry is Forecast to Reach $3.2 Billion in 2018 Study Says
HYDERABAD, India, April 22, 2013 /PRNewswire/ –
The global wind turbine industry experienced healthy growth in 2012, driven by US,
Canada and Brazil. Asia Pacific lost its lead as the region with highest growth in new
turbine installation. Market for wind turbine in this region contracted in 2012, due to
slumping demand in both China and India.
The world’s growing appetite for wind energy has transformed wind turbine blades into
one of the hottest composite applications around. The huge demand for wind power
generating equipments – particularly in the U.S and China as top tier and India, Germany,
Spain, Italy, UK and France as second tier – has raised a bumper crop of new plants for
manufacturing these composite parts. Emerging markets such as Brazil, Mexico and Turkey
forecast to contribute to the future growth.
Followed by huge demand for wind turbine blades from North America, the consumption of
composite materials has increased significantly in 2012. Wind turbine industry is forecast
to recover in India and China during the forecast period. The demand for composites
materials forecast to reach $3.2 billion in 2018. In reinforcement segment, multi axial
glass fabric is expect to remain the leading reinforcement of choice. In resin segment,
epoxy is expect to lead the future market growth. Carbon fiber growth opportunities remain
promising because of its light weight and other material properties. Composite Insights, a
global custom & syndicated market research firm has analyzed the global wind energy
industry by blade manufacturer and presents its findings in “Global Wind Energy Composites
Industry 2013-2018: Customer Mapping, Trend and Forecast Analysis.”
The report extensively looks at recent industry trends and future opportunities for
various raw materials used in developing wind turbine blades. Composite Insights mapped
leading 30 blade manufacturers and estimated composite material consumption by each
manufacturer in all the four regions – North America, Europe, Asia Pacific and ROW.
Composite Insights is a full service Custom and Syndicated Research firm based in
Hyderabad, India. To find out more, please visit http://www.compositeinsights.com.
Plot No 12, Road No 4, Sai Nagar Colony, Nagole, Hyderabad, India – 500 068
For a detailed table of contents and pricing information on this timely, insightful
report, contact Composite Insights at +91-406-569-6318 or via email at
SOURCE Composite Insights Pvt Ltd