Lucintel’s Analysis of the Global Wind Energy Industry: Future Material Markets is Expected to Reach US $5.5 Billion by 2016

The global wind composites material market is expected to witness a robust CAGR of 16% during 2011-2016 and reach US $5.5 billion by 2016.

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Irving, Texas (PRWEB) July 13, 2012

Lucintel, a leading global management consulting and market research firm, has analyzed future material needs for the wind energy market and presents its findings in “Future Material Needs for the Global Wind Energy Market: 2011–2016.” This report considers various composites used in the wind energy industry such as fiber reinforcements, formulated resins, and core materials. It does not include non-composite materials such as steel.

The thriving wind industry is a key driver for growth in new materials for wind energy applications due to strong demand for new blades and increased consumption of wind blade raw materials. Increasing blade lengths are expected to generate greater demand for new materials to achieve better mechanical properties and lower blade weights. Hybrid carbon-glass fiber reinforcements are expected to be the popular choice for wind blade manufacturers until a competing material at a lower cost is developed.

Lucintel anticipates strong growth for the material market over the forecast period. Glass fiber is expected to remain the largest market, followed by epoxy. Other material markets such as polyester, adhesive, and coatings are expected to fare well. Carbon fiber is likely to remainthe smallest market, but its growth opportunities remain promising because of its light weight and other advantageous material properties for wind energy applications.

China is likely to be the largest wind market, while markets in Spain, the UK, and France are expected to grow with large turbines being built for offshore wind farms along the western and northern European coastline.

The report, which provides trend scenarios and forecast statistics for 2011–2016, details industry drivers and challenges and the use of different composites, resin,reinforcement, and core materials in wind applications. It also describes wind blade manufacturing processes and more.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.


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