Market Research Report
Market Data - Wind Blade Materials Demand Forecast - Fiber Reinforcement, Resins, Core Materials, Adhesives, Paint and Coatings, and Studs: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||550939|
|Published||Content info||59 Pages; 75 Tables, Charts & Figures
|Market Data - Wind Blade Materials Demand Forecast - Fiber Reinforcement, Resins, Core Materials, Adhesives, Paint and Coatings, and Studs: Global Market Analysis and Forecasts|
|Published: August 30, 2017||Content info: 59 Pages; 75 Tables, Charts & Figures||
The wind blade materials market is one of the most competitive, dynamic, and strategically important parts of the wind turbine supply chain. The rapid pace of R&D for blades, manufacturing processes, and advanced materials is enabling stronger and longer blades, making wind turbines more efficient, increasing turbine annual energy production, and lowering the cost of energy from wind power plants. There is brisk competition among the many materials suppliers to meet or exceed the demands of the wind turbine OEMs and independent wind blade manufacturers.
The materials market for wind blades is enormous, with an estimated value of $4.57 billion in 2017 and over $37.34 billion in materials expected to be produced and purchased between 2017 and 2026. Yet, it is not considered a high growth market. Putting downward pressure on the 10-year forecast is the fact that both the United States and China are in a period of peak installation rates. These rates are driven by a combination of energy market demand and government incentive policies that encourage major near-term installation rates that subside in later forecast years. Country markets with higher growth include South Africa and numerous countries in Latin America.
This Navigant Research report assesses and quantifies global demand for key wind blade materials. The study focuses on revenue estimates for the following wind blade materials: reinforcement fiber (predominantly fiberglass, carbon fiber, and other advanced stitched and woven fabrics), resins (epoxy and polyester), core materials (balsa wood and a range of polymer foam materials), adhesives, paint and coatings, and metal blade studs. Global market forecasts for revenue, segmented by material, region, and country, extend through 2026. The report also examines wind blade cost breakdowns and bill of materials estimates.