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Published on : Aug 02, 2016

ALBANY, New York, August 02, 2016: The study, titled “Global Wind Turbine Composite Industry 2016, Trends and Forecast Report,” offers a detailed analysis of the product segmentation, current trends, growth drivers, challenges, geographical segmentation, and the competitive scenario of the global wind turbine composite industry. 

The research report has taken help of several analytical tools to determine the key influential factors and throws light on potential opportunities in the overall industry. The strategic inputs given by the industry specialists are expected to help the new as well as existing players and decision-makers in formulating their business decisions effectively. Moreover, to give a clear understanding of the global wind turbine composite industry, the research study has presented the historical data and estimated figures with the assistance of charts, infographics, tables, and graphs. 

The global wind turbine composite industry is projected to witness substantial growth in the coming few years, owing to the rising demand for composites from the wind energy sector. Moreover, the favorable environmental and economic factors are estimated to boost the demand for wind turbine composites in the next few years. Furthermore, the numerous competitive benefits of composites in comparison to other traditional materials (aluminum and steel), owing to their properties such as lower maintenance costs, high strength-to-weight ratio, long lifecycle, and corrosion resistance, are encouraging the growth of the global industry for wind turbine composites. On the other hand, the high cost of composites is one of the prominent factors projected to curtail the development of the overall industry in the forecast period. 

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The research study has divided the global wind turbine composite industry on the basis of geography into Europe, Asia, and North America. Among these, Asia is expected to witness a substantial rise in the next few years, owing to the growing awareness regarding alternative sources of energy. In addition, the growth of installed wind power in several developing countries and launch of new products are some of the other factors that are estimated to boost the demand for wind turbine composite in this region in the near future. Europe and North America are also estimated to grow significantly throughout the forecast period.

Furthermore, the research study analyzes the prominent players engaged in the wind turbine composite industry across the globe and presents a clear picture of the competitive landscape of the overall industry. Detailed profiles of the leading companies have also been discussed in the research study. Some of the key players engaged in the wind turbine composite industry worldwide are Cytec Industries, Gurit Holding AG, Teijin Limited, Toray Industries, TPI Composites, and Royal Tencate NV.

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