FMI: Wind Turbine Composite Materials Market size and Key Trends in terms of volume and value 2015-2025
The need for clean, sustainable power sources to fuel the economic growth globally is increasingly being met with energy generation with wind power. The trend is expected to also be continuing in the future. The market is increasingly driven by the competitive pricing, energy security, and price stability. Increasing demand of lightweight materials with high efficiency has driven the growth of composite materials in the wind energy market. Growing new installations of wind turbines, increased size of blades and increasing use of composites in other turbine components such as nacelle and hub are expected to increase the demand for composite materials resulting in the growth of wind turbine composite materials market.
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