Market Size of Wind Turbine Composite Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wind Turbine Composite Materials Market Analysis
The global wind turbine composite materials market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing application of carbon fiber in wind blades. However, Recyclability Issue of Composites is likely to hinder the growth of the market studied.
- Growing Wind Energy Installations is expected to provide a major growth opportunity for the market studied.
- Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, wind turbine blades accounted for the highest market share and is expected to dominate the market studied during the forecast period
