Analysis of the Global Wind Turbine Blade Materials Market

Analysis of the Global Wind Turbine Blade Materials Market

Wind energy is sought as a replacement for traditional sources of energy due to increasing geopolitical risks and reducing dependency on imported fuels. More R&D is expected to improve the existing wind technology thereby making it more economical.

Wind blade materials are at the forefront of technological advancements, mainly focused on improving blade structure and strength in order to maximize generated power and minimize blade weight and maintenance costs.

Uncertainty in government policies in developed regions has resulted in fluctuating annual wind energy installations, registering strong growth during a particular year and low growth the following year. Materials manufacturers are carefully expanding their supply capacity while keeping in mind the cyclic nature of the market.

The increase in the average blade length has spurred innovation in the reinforcing fiber and core materials segments. Manufacturers are more focused on improving the performance characteristics of existing materials than on developing new materials. High M&A activities are also expected as the manufacturers look to diversify their product offerings.

The APAC region will continue to lead the market in size because of its fast-growing wind energy industry. North America and ROW are expected to be the two fastest growing wind turbine blade materials markets. Europe and North America continue to use the highest average volume of materials per blade due to a trend towards larger wind turbines.

Brand equity, supply reliability, and high performance-price ratio will remain the key differentiating factors among market participants.

About this report

This study presents an assessment of the current status and future prospects of the global wind blade materials market for both onshore and offshore wind turbines. It accounts for past and future revenue generated from resin, fiber, and core material sales, from 2011 to 2021 using a base year of 2014. Revenue is recorded at the manufacturer level. The study analyses the wind energy market and its effects on the blade materials market as well as key technological trends. Industry challenges and market drivers and restraints are outlined and discussed. In addition, the impact that larger wind turbines and the resulting larger blades has on demand for materials is explored. Last, strategic recommendations are provided.


  • Executive Summary
    • Key Findings
    • Executive Summary-Strategic Factsheet
    • Executive Summary-Market Engineering Measurements
    • Executive Summary-CEO's Perspective
  • Market Overview
    • Market Overview-Definitions
    • Market Overview-Geographic Scope
    • Market Overview-Segmentation
    • Key Questions this Study will Answer
    • Market Segmentation by Material
    • Market Segmentation by Region
  • Drivers and Restraints-Total Wind Turbine Blade Materials Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Industry Challenges
    • Industry Challenges Explained
  • Forecasts and Trends-Total Wind Energy Market
    • Forecast Assumptions
    • Cumulative Capacity Forecast
      • Table Total Wind Energy Market: Cumulative Installed Capacity Forecast, Global, 2011-2021
    • Annual Capacity Forecast
      • Table Total Wind Energy Market: Annual Installed Capacity Forecast, Global, 2011-2021
    • Percent Cumulative Capacity Forecast by Location
    • Capacity Forecast by Location
      • Table Total Wind Energy Market: Capacity Forecast by Location, Global, 2011-2021
    • Percent Annual Capacity Forecast by Region
      • Table Total Wind Energy Market: Percent Annual Installed Capacity Forecast by Region, Global, 2011-2021
    • Annual Capacity Forecast by Region
      • Table Total Wind Energy Market: Annual Installed Capacity Forecast by Region, Global, 2011-2021
    • Global Hotspots
  • Forecasts and Trends-Total Wind Turbine Blade Materials Market
    • Forecast Assumptions
    • Market Engineering Measurements
      • Table Total Wind Turbine Blade Materials Market: Market Engineering Measurements, Global, 2014
    • Unit Shipment and Revenue Forecast
      • Table Total Wind Turbine Blade Materials Market: Revenue Forecast, Global, 2011-2021
    • Percent Unit Shipment Forecast by Material Segment
      • Table Total Wind Turbine Blade Materials Market: Percent Unit Shipment Forecast by Material Segment, Global, 2011-2021
    • Unit Shipment Forecast by Material Segment
      • Table Total Wind Turbine Blade Materials Market: Unit Shipment Forecast by Material Segment, Global, 2011-2021
    • Percent Revenue Forecast by Material Segment
      • Table Total Wind Turbine Blade Materials Market: Percent Revenue Forecast by Material Segment, Global, 2011-2021
    • Revenue Forecast by Material Segment
      • Table Total Wind Turbine Blade Materials Market: Revenue Forecast by Material Segment, Global, 2011-2021
    • Percent Unit Shipment Forecast by Region
      • Table Total Wind Turbine Blade Materials Market: Percent Unit Shipment Forecast by Region, Global, 2011-2021
    • Unit Shipment Forecast by Region
      • Table Total Wind Turbine Blade Materials Market: Unit Shipment Forecast by Region, Global, 2011-2021
  • CEO's 360 Degree Perspective on the Wind Turbine Blade Materials Market
    • CEO's 360 Degree Perspective
  • Blade Composites Analysis
    • Overview and Introduction
    • Composites Manufacturing Technology
    • Percent Unit Shipment Forecast by Blade Composites Manufacturing Technology
    • Percent Unit Shipment Forecast Discussion by Blade Composites Manufacturing Technology
    • Trends and Innovations
  • Resins Segment Breakdown
    • Key Findings
    • Overview and Introduction
    • Segment Value Chain
    • Segment Value Chain Analysis
  • Drivers and Restraints-Resins Segment
    • Segment Drivers
    • Drivers Explained
    • Segment Restraint
    • Restraint Explained
    • Segment Challenges
    • Market Engineering Measurements
      • Table Resins Segment: Market Engineering Measurements, Global, 2014
    • Revenue and Unit Shipment Forecast
      • Table Resins Segment: Revenue and Unit Shipment Forecast, Global, 2011-2021
    • Revenue and Unit Shipment Forecast Discussion
    • Pricing Trends and Forecast
      • Table Resins Segment: Average Price, Global, 2011-2021
    • Pricing Trends and Forecast Discussion
    • Percent Unit Shipment Forecast by Chemistry
    • Unit Shipment Forecast by Chemistry
      • Table Resins Segment: Unit Shipment Forecast by Chemistry, Global, 2011-2021
    • Percent Revenue Forecast by Chemistry
    • Revenue Forecast by Chemistry
      • Table Resins Segment: Revenue Forecast by Chemistry, Global, 2011-2021
    • Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Percent Unit Shipment Forecast by Region
    • Unit Shipment Forecast by Region
      • Table Resins Segment: Unit Shipment Forecast by Region, Global, 2011-2021
    • Unit Shipment Forecast Discussion by Region
    • North America-Percent Unit Shipment Forecast by Chemistry
    • North America-Unit Shipment Forecast by Chemistry
      • Table Resins Segment: Unit Shipment Forecast by Chemistry, North America, 2011-2021
    • North America-Percent Revenue Forecast by Chemistry
    • North America-Revenue Forecast by Chemistry
      • Table Resins Segment: Revenue Forecast by Chemistry, North America, 2011-2021
    • North America-Unit Shipment Forecast Discussion by Chemistry
    • Europe-Percent Unit Shipment Forecast by Chemistry
    • Europe-Unit Shipment Forecast by Chemistry
      • Table Resins Segment: Unit Shipment Forecast by Chemistry, Europe, 2011-2021
    • Europe-Percent Revenue Forecast by Chemistry
    • Europe-Revenue Forecast by Chemistry
      • Table Resins Segment: Revenue Forecast by Chemistry, Europe, 2011-2021
    • Europe-Unit Shipment Forecast Discussion by Chemistry
    • Asia-Pacific-Percent Unit Shipment Forecast by Chemistry
    • Asia-Pacific-Unit Shipment Forecast by Chemistry
      • Table Resins Segment: Unit Shipment Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Percent Revenue Forecast by Chemistry
    • Asia-Pacific-Revenue Forecast by Chemistry
      • Table Resins Segment: Revenue Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Unit Shipment Forecast Discussion by Chemistry
    • ROW-Percent Unit Shipment Forecast by Chemistry
    • ROW-Unit Shipment Forecast by Chemistry
      • Table Resins Segment: Unit Shipment Forecast by Chemistry, ROW, 2011-2021
    • ROW-Percent Revenue Forecast by Chemistry
    • ROW-Revenue Forecast by Chemistry
      • Table Resins Segment: Revenue Forecast by Chemistry, ROW, 2011-2021
    • ROW-Unit Shipment Forecast Discussion by Chemistry
    • Product Matrix
    • Market Share
    • Competitive Environment
    • Competitive Factors and Assessment
  • Fibers Segment Breakdown
    • Key Findings
    • Overview and Introduction
    • Segment Value Chain
    • Segment Value Chain Analysis
  • Drivers and Restraints-Fibers Segment
    • Segment Drivers
    • Drivers Explained
    • Segment Restraint
    • Restraint Explained
    • Segment Challenges
    • Market Engineering Measurements
      • Table Fibers Segment: Market Engineering Measurements, Global, 2014
    • Revenue and Unit Shipment Forecast
      • Table Fibers Segment: Revenue and Unit Shipment Forecast, Global, 2011-2021
    • Revenue and Unit Shipment Forecast Discussion
    • Pricing Trends and Forecast
      • Table Fibers Segment: Average Price, Global, 2011-2021
    • Pricing Trends and Forecast Discussion
    • Percent Unit Shipment Forecast by Chemistry
    • Unit Shipment Forecast by Chemistry
      • Table Fibers Segment: Unit Shipment Forecast by Chemistry, Global, 2011-2021
    • Percent Revenue Forecast by Chemistry
    • Revenue Forecast by Chemistry
      • Table Fibers Segment: Revenue Forecast by Chemistry, Global, 2011-2021
    • Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Percent Unit Shipment Forecast by Region
    • Unit Shipment Forecast by Region
      • Table Fibers Segment: Unit Shipment Forecast by Region, Global, 2011-2021
    • Unit Shipment Forecast Discussion by Region
    • North America-Percent Unit Shipment Forecast by Chemistry
    • North America-Unit Shipment Forecast by Chemistry
      • Table Fibers Segment: Unit Shipment Forecast by Chemistry, North America, 2011-2021
    • North America-Percent Revenue Forecast by Chemistry
    • North America-Revenue Forecast by Chemistry
      • Table Fibers Segment: Revenue Forecast by Chemistry, North America, 2011-2021
    • North America-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Europe-Percent Unit Shipment Forecast by Chemistry
    • Europe-Unit Shipment Forecast by Chemistry
      • Table Fibers Segment: Unit Shipment Forecast by Chemistry, Europe, 2011-2021
    • Europe-Percent Revenue Forecast by Chemistry
    • Europe-Revenue Forecast by Chemistry
      • Table Fibers Segment: Revenue Forecast by Chemistry, Europe, 2011-2021
    • Europe-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Asia-Pacific-Percent Unit Shipment Forecast by Chemistry
    • Asia-Pacific-Unit Shipment Forecast by Chemistry
      • Table Fibers Segment: Unit Shipment Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Percent Revenue Forecast by Chemistry
    • Asia-Pacific-Revenue Forecast by Chemistry
      • Table Fibers Segment: Revenue Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • ROW-Percent Unit Shipment Forecast by Chemistry
    • ROW-Unit Shipment Forecast by Chemistry
      • Table Fibers Segment: Unit Shipment Forecast by Chemistry, ROW, 2011-2021
    • ROW-Percent Revenue Forecast by Chemistry
    • ROW-Revenue Forecast by Chemistry
      • Table Fibers Segment: Revenue Forecast by Chemistry, ROW, 2011-2021
    • ROW-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Product Matrix
    • Market Share
    • Competitive Environment
    • Competitive Factors and Assessment
  • Core Materials Segment Breakdown
    • Key Findings
    • Overview and Introduction
    • Segment Value Chain
    • Segment Value Chain Analysis
  • Drivers and Restraints-Core Materials Segment
    • Segment Drivers
    • Drivers Explained
    • Segment Restraints
    • Restraints Explained
    • Segment Challenges
    • Market Engineering Measurements
      • Table Core Materials Segment: Market Engineering Measurements, Global, 2014
    • Revenue and Unit Shipment Forecast
      • Table Core Materials Segment: Revenue and Unit Shipment Forecast, Global, 2011-2021
    • Unit Shipment Forecast
      • Table Core Materials Segment: Unit Shipment Forecast, Global, 2011-2021
    • Revenue and Unit Shipment Forecast Discussion
    • Pricing Trends and Forecast
      • Table Core Materials Segment: Average Price, Global, 2011-2021
    • Pricing Trends and Forecast Discussion
    • Percent Unit Shipment Forecast by Chemistry
    • Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, Global, 2011-2021
    • Percent Unit Shipment Forecast by Chemistry
    • Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, Global, 2011-2021
    • Percent Revenue Forecast by Chemistry
    • Revenue Forecast by Chemistry
      • Table Core Materials Segment: Revenue Forecast by Chemistry, Global, 2011-2021
    • Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Percent Unit Shipment Forecast by Region
    • Unit Shipment Forecast by Region
      • Table Core Materials Segment: Unit Shipment Forecast by Region, Global, 2011-2021
    • Unit Shipment Forecast Discussion by Region
    • North America-Percent Unit Shipment Forecast by Chemistry
    • North America-Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, North America, 2011-2021
    • North America-Percent Revenue Forecast by Chemistry
    • North America-Revenue Forecast by Chemistry
      • Table Core Materials Segment: Revenue Forecast by Chemistry, North America, 2011-2021
    • North America-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Europe-Percent Unit Shipment Forecast by Chemistry
    • Europe-Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, Europe, 2011-2021
    • Europe-Percent Revenue Forecast by Chemistry
    • Europe-Revenue Forecast by Chemistry
      • Table Core Materials Segment: Revenue Forecast by Chemistry, Europe, 2011-2021
    • Europe-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Asia-Pacific-Percent Unit Shipment Forecast by Chemistry
    • Asia-Pacific-Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Percent Revenue Forecast by Chemistry
    • Asia-Pacific-Revenue Forecast by Chemistry
      • Table Core Materials Segment: Revenue Forecast by Chemistry, APAC, 2011-2021
    • Asia-Pacific-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • ROW-Percent Unit Shipment Forecast by Chemistry
    • ROW-Unit Shipment Forecast by Chemistry
      • Table Core Materials Segment: Unit Shipment Forecast by Chemistry, ROW, 2011-2021
    • ROW-Percent Revenue Forecast by Chemistry
    • ROW-Revenue Forecast by Chemistry
      • Table Core Materials Segment: Revenue Forecast by Chemistry, ROW, 2011-2021
    • ROW-Unit Shipment and Revenue Forecast Discussion by Chemistry
    • Product Matrix
    • Market Share
    • Competitive Environment
    • Competitive Factors and Assessment
  • The Last Word
    • The Last Word-3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • Partial List of Companies Interviewed
    • Abbreviations and Acronyms Used

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