Composites refer to a material consisting of two or more individual constituents. The reinforcing constituent is embedded in a matrix to form the composite.
Market Analysis and Insights: Global Composite Materials in Renewable Energy Market
Due to the COVID-19 pandemic, the global Composite Materials in Renewable Energy market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Glass-Reinforced Plastic (GRP) accounting for % of the Composite Materials in Renewable Energy global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Solar Power segment is altered to an % CAGR throughout this forecast period.
Wind is the fastest growing energy source, globally. The prime factor for this increase is that the cost of wind energy has dropped and continues to drop dramatically, making it more competitive each year. The technology used to manufacture wind turbine blades has significantly progressed over the near past. The decrease in the cost is very much influenced by the usage of composites in turbine blade manufacturing. As the wind energy market grows and blade sizes continue to increase, wind farm developers will need to adopt new composite materials to help meet these demands.
Global Composite Materials in Renewable Energy Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Composite Materials in Renewable Energy Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Glass-Reinforced Plastic (GRP)
Fiber-Reinforced Polymers (FRP)
Carbon-Fiber-Reinforced Polymers (CFRP)
Others
Segment by Application
Solar Power
Wind Power
Hydroelectricity
Others
By Company
Mitsubishi Rayon
Teijin
Toray Industries
Hexcel
Solvay
Evonik Industries
Honeywell
DSM
Ten Cate
SGL Group
Nippon Carbon
3A Composites
Waco Composites
Armacell International
Barrday Corporation
MKU Limited
Morgan Advanced Materials
Changzhou Tiansheng New Materials
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
