Global Wind Turbine Composite Materials Market to Witness 7.8% CAGR During 2016 - 2022: P&S Market Research

NEW YORK, June 28, 2016 /PRNewswire/ --

According to market research "Global Wind Turbine Composite Materials Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Fiber, Resin, Others) by Application (Wind Blade, Nacelle, Others)" by P&S Market Research, the global wind turbine composite materials market was valued at $3,970.4 million in 2015, and it is expected to grow at a CAGR of 7.8% during 2016 - 2022.

     (Logo: http://photos.prnewswire.com/prnh/20150727/756778 )

The factors driving the growth of the global market include increased government support for wind power projects, and stringent environmental regulations, and several benefits of composite materials over conventional materials. Moreover, the increasing need for energy independence and geopolitical energy security, and increasing wind power capacity across the globe is indirectly creating huge demand for composite materials in wind turbine manufacturing. The massive unexplored market in Latin America, and Middle East and Africa, along with increasing research and development for low cost advanced materials is creating huge opportunities in the global wind turbine composite materials market.

Explore Report Description with Detailed Table of Content at: https://www.psmarketresearch.com/market-analysis/wind-turbine-composite-materials-market

Asia-Pacific was the largest market for wind turbine composite materials in 2015. The region is expected to remain the largest segment throughout the forecast period. High energy demand in the region and significant growth in the wind energy industry are driving the growth of the wind turbine composite materials market in Asia-Pacific. China held the largest share in the Asia-Pacific as well as global wind turbine composite materials market in 2015. Middle East and Africa is expected to be the fastest growing market for wind turbine composite materials during 2016 - 2022, owing to the several anticipated wind power projects in the region.

Explore Related Research at: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy

Some of the key players operating in the global market are Cytec Solvay Group, Toray Industries Inc., Koninklijke Ten Cate NV., Gurit Holding AG, Hexcel Corporation, Teijin Limited, TPI Corporation, and Molded Fiber Glass Companies.

GLOBAL WIND TURBINE COMPOSITE MATERIALS MARKET SEGMENTATION 

By Type 

• Fiber
  • Glass Fiber
  • Carbon Fiber
  • Others
• Resin
  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl Ester
  • Others
• Others

By Application 

• Wind Blade
• Nacelle
• Others

By Region 

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
• Rest of Middle East and Africa

Global Wind Tower Market - https://www.psmarketresearch.com/market-analysis/wind-tower-market

Rooftop Solar PV Market - https://www.psmarketresearch.com/market-analysis/rooftop-solar-pv-market

Flue Gas Analyzer Market - https://www.psmarketresearch.com/market-analysis/flue-gas-analyzer-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Deep
Assistant - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: [email protected]
Web: https://www.psmarketresearch.com

SOURCE P&S Market Research