유럽의 풍력 터빈용 복합재료 시장 예측(-2030년) : 지역별 분석 - 섬유 종류별, 수지 종류별, 기술별, 용도별

The Europe wind turbine composites market was valued at US$ 2,110.78 million in 2022 and is expected to reach US$ 4,334.04 million by 2030; it is estimated to grow at a CAGR of 9.4% from 2022 to 2030.

Increase in Installation Rate of Wind Turbine Capacity Drives Europe Wind Turbine Composites Market

Wind power is considered a clean and renewable energy source that provides electricity without burning fuel or polluting the air. Wind energy helps reduce reliance on fossil fuels. Hence, there is an increasing interest in wind energy among various countries, which has resulted in rapid growth in their installed wind capacity. In 2020, new installations in the onshore wind farms reached 86.9 GW, while the offshore wind farms reached 6.1 GW, making 2020 the highest and the second-highest year in history for new wind installations for onshore and offshore, respectively. Europe witnessed record onshore wind installations in 2022, which helped boost the region's share in new wind power capacity addition from 19% in 2021 to 25% in 2022. In Europe, in 2022, new wind installations amounted to 19.1 GW (16.7 GW onshore and 2.5 GW offshore). Furthermore, 87% of the new wind installations in Europe in 2022 were onshore wind. Germany, Sweden, and Finland were significant contributors to the construction of onshore wind farms. Approximately half the offshore installations were in the UK. Also, France installed its first large offshore wind farm. Wind turbine composites are the materials that are utilized in the production of equipment such as blades and nacelles. These materials include fiber and matrix, which provide resilience and high tensile strength. Glass fiber-reinforced plastics (GRP) have been the most commonly used composite material in the wind turbine industry. The growing demand for wind turbine composites can be attributed to the installation of new wind turbines in offshore and onshore projects due to increasing governmental focus on renewable energy forms. The increasing capacity of wind farms and a surge in the number of wind farm projects across the globe are boosting the need for wind turbines, fueling the demand for wind turbine composites.

Europe Wind Turbine Composites Market Overview

The Europe wind turbine composites market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe (Sweden, Finland, etc.). Various countries in the region are harnessing technological capabilities to achieve their sustainability goals. As seen in the following figure, in 2022, new wind installations in Europe totaled 19.1 GW (16.7 GW onshore and 2.5 GW offshore), recording an increase of 4% compared with 2021. Germany, Sweden, and Finland built the most onshore wind projects in 2022. The UK accounted for almost half the offshore installations. Further, Sweden is making significant investments in the wind energy sector. According to news released in December 2022, the Nordic Investment Bank (NIB) and Kolvallen Vind AB signed a EUR 50.15 million (US$ 54.82 million) loan agreement to construct a 277 MW wind farm in Sweden. According to WindEurope, Europe invested EUR 41 billion (US$ 45.07 billion) in new wind farms in 2021, which included the financing of 25 GW of new capacity. Moreover, the region invested EUR 17 billion (US$ 18.69 billion) in new wind farms in 2022, down from US$ 48.47 million in 2021 and the lowest investment figure since 2009. The European wind industry suffers from higher input costs and supply chain disruptions. Moreover, the Russia-Ukraine war amplified challenges associated with raw material cost volatility and international shipping. As a result, the cost of producing a wind turbine in Europe has increased by up to 40% in the last two years. Thus, investments in the wind energy sector dropped in 2022 across Europe, which hampered the wind turbine composites market in the region.

Europe Wind Turbine Composites Market Revenue and Forecast to 2030 (US$ Million)

Europe Wind Turbine Composites Market Segmentation

The Europe wind turbine composites market is segmented based on fiber type, resin type, technology, application, and country.

Based on fiber type, the Europe wind turbine composites market is segmented into carbon fiber composites, glass fiber composites, and others. The glass fiber composites segment held a larger share in 2022.

In terms of resin type, the Europe wind turbine composites market is segmented into polyester, epoxy, polyurethane, vinyl ester, and others. The epoxy segment held the largest share in 2022.

Based on technology, the Europe wind turbine composites market is segmented into resin infusion, prepreg, lay up, and others. The resin infusion segment held the largest share in 2022.

By application, the Europe wind turbine composites market is bifurcated into blades and nacelles. The blades segment held a larger share in 2022.

Based on country, the Europe wind turbine composites market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe wind turbine composites market in 2022.

Avient Corp, Toray Industries Inc, SGL Carbon SE, Owens Corning, Gurit Holding AG, Covestro AG, Hexion Inc, EPSILON Composite SA, Exel Composites Oyj, and Hexcel Corp are some of the leading companies operating in the Europe wind turbine composites market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness
  • 2.2.1 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. Europe Wind Turbine Composites Market Landscape

• 4.1 Overview
• 4.2 Porters Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers
  • 4.3.2 Wind Turbine Composites Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 End-Users and Original Equipment Manufacturers
  • 4.3.5 List of Vendors in the Value Chain

5. Europe Wind Turbine Composites Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increase in Installation Rate of Wind Turbine Capacity
  • 5.1.2 Increasing Length of Wind Turbine Blades
• 5.2 Market Restraints
  • 5.2.1 High Dependence of Wind Energy Industry on Government Subsidies
• 5.3 Market Opportunities
  • 5.3.1 Government Initiatives for Development of Wind Energy Sector
• 5.4 Future Trends
  • 5.4.1 Adoption of Natural Fiber Reinforced Polymer (NFRP) Composites
• 5.5 Impact Analysis

6. Wind Turbine Composites Market - Europe Market Analysis

• 6.1 Europe Wind Turbine Composites Market Volume (Kilo Tons)
• 6.2 Europe Wind Turbine Composites Market Revenue (US$ Million)
• 6.3 Europe Wind Turbine Composites Market Forecast and Analysis

7. Europe Wind Turbine Composites Market Analysis - Fiber Type

• 7.1 Carbon Fiber Composites
  • 7.1.1 Overview
  • 7.1.2 Carbon Fiber Composites Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.1.3 Carbon Fiber Composites Market Revenue and Forecast to 2030 (US$ Million)
• 7.2 Glass Fiber Composites
  • 7.2.1 Overview
  • 7.2.2 Glass Fiber Composites Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.2.3 Glass Fiber Composites Market Revenue and Forecast to 2030 (US$ Million)
• 7.3 Others
  • 7.3.1 Overview
  • 7.3.2 Others Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.3.1 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Europe Wind Turbine Composites Market Analysis - Resin Type

• 8.1 Polyester
  • 8.1.1 Overview
  • 8.1.2 Polyester Market Revenue and Forecast to 2030 (US$ Million)
• 8.2 Epoxy
  • 8.2.1 Overview
  • 8.2.2 Epoxy Market Revenue and Forecast to 2030 (US$ Million)
• 8.3 Polyurethane
  • 8.3.1 Overview
  • 8.3.2 Polyurethane Market Revenue and Forecast to 2030 (US$ Million)
• 8.4 Vinyl Ester
  • 8.4.1 Overview
  • 8.4.2 Vinyl Ester Market Revenue and Forecast to 2030 (US$ Million)
• 8.5 Others
  • 8.5.1 Overview
  • 8.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

9. Europe Wind Turbine Composites Market Analysis - Technology

• 9.1 Resin Infusion
  • 9.1.1 Overview
  • 9.1.2 Resin Infusion Market Revenue and Forecast to 2030 (US$ Million)
• 9.2 Prepreg
  • 9.2.1 Overview
  • 9.2.2 Prepreg Market Revenue and Forecast to 2030 (US$ Million)
• 9.3 Lay Up
  • 9.3.1 Overview
  • 9.3.2 Lay Up Market Revenue and Forecast to 2030 (US$ Million)
• 9.4 Others
  • 9.4.1 Overview
  • 9.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)

10. Europe Wind Turbine Composites Market Analysis - Application

• 10.1 Blades
  • 10.1.1 Overview
  • 10.1.2 Blades Market, Revenue, and Forecast to 2030 (US$ Million)
• 10.2 Nacelles
  • 10.2.1 Overview
  • 10.2.2 Nacelles Market Revenue, and Forecast to 2030 (US$ Million)

11. Europe Wind Turbine Composites Market - Country Analysis

• 11.1 Europe
  • 11.1.1 Wind Turbine Composites Market Breakdown by Country
  • 11.1.2 Germany Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.3 Germany Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.3.1 Germany Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.3.2 Germany Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.3.3 Germany Wind Turbine Composites Market Breakdown by Technology
    • 11.1.3.4 Germany Wind Turbine Composites Market Breakdown by Application
  • 11.1.4 France Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.5 France Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.5.1 France Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.5.2 France Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.5.3 France Wind Turbine Composites Market Breakdown by Technology
    • 11.1.5.4 France Wind Turbine Composites Market Breakdown by Application
  • 11.1.6 Italy Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.7 Italy Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.7.1 Italy Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.7.2 Italy Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.7.3 Italy Wind Turbine Composites Market Breakdown by Technology
    • 11.1.7.4 Italy Wind Turbine Composites Market Breakdown by Application
  • 11.1.8 UK Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.9 UK Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.9.1 UK Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.9.2 UK Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.9.3 UK Wind Turbine Composites Market Breakdown by Technology
    • 11.1.9.4 UK Wind Turbine Composites Market Breakdown by Application
  • 11.1.10 Russia Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.11 Russia Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.11.1 Russia Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.11.2 Russia Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.11.3 Russia Wind Turbine Composites Market Breakdown by Technology
    • 11.1.11.4 Russia Wind Turbine Composites Market Breakdown by Application
  • 11.1.12 Rest of Europe Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.13 Rest of Europe Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.13.1 Rest of Europe Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.13.2 Rest of Europe Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.13.3 Rest of Europe Wind Turbine Composites Market Breakdown by Technology
    • 11.1.13.4 Rest of Europe Wind Turbine Composites Market Breakdown by Application

12. Competitive Landscape

• 12.1 Heat Map Analysis by Key Players

13. Industry Landscape

• 13.1 Overview
• 13.2 Merger and Acquisition
• 13.3 Partnerships

14. Company Profiles

• 14.1 Avient Corp
  • 14.1.1 Key Facts
  • 14.1.2 Business Description
  • 14.1.3 Products and Services
  • 14.1.4 Financial Overview
  • 14.1.5 SWOT Analysis
  • 14.1.6 Key Developments
• 14.2 Toray Industries Inc
  • 14.2.1 Key Facts
  • 14.2.2 Business Description
  • 14.2.3 Products and Services
  • 14.2.4 Financial Overview
  • 14.2.5 SWOT Analysis
  • 14.2.6 Key Developments
• 14.3 SGL Carbon SE
  • 14.3.1 Key Facts
  • 14.3.2 Business Description
  • 14.3.3 Products and Services
  • 14.3.4 Financial Overview
  • 14.3.5 SWOT Analysis
  • 14.3.6 Key Developments
• 14.4 Owens Corning
  • 14.4.1 Key Facts
  • 14.4.2 Business Description
  • 14.4.3 Products and Services
  • 14.4.4 Financial Overview
  • 14.4.5 SWOT Analysis
  • 14.4.6 Key Developments
• 14.5 Gurit Holding AG
  • 14.5.1 Key Facts
  • 14.5.2 Business Description
  • 14.5.3 Products and Services
  • 14.5.4 Financial Overview
  • 14.5.5 SWOT Analysis
  • 14.5.6 Key Developments
• 14.6 Covestro AG
  • 14.6.1 Key Facts
  • 14.6.2 Business Description
  • 14.6.3 Products and Services
  • 14.6.4 Financial Overview
  • 14.6.5 SWOT Analysis
  • 14.6.6 Key Developments
• 14.7 Hexion Inc
  • 14.7.1 Key Facts
  • 14.7.2 Business Description
  • 14.7.3 Products and Services
  • 14.7.4 Financial Overview
  • 14.7.5 SWOT Analysis
  • 14.7.6 Key Developments
• 14.8 EPSILON Composite SA
  • 14.8.1 Key Facts
  • 14.8.2 Business Description
  • 14.8.3 Products and Services
  • 14.8.4 SWOT Analysis
  • 14.8.5 Key Developments
• 14.9 Exel Composites Oyj
  • 14.9.1 Key Facts
  • 14.9.2 Business Description
  • 14.9.3 Products and Services
  • 14.9.4 Financial Overview
  • 14.9.5 SWOT Analysis
  • 14.9.6 Key Developments
• 14.10 Hexcel Corp
  • 14.10.1 Key Facts
  • 14.10.2 Business Description
  • 14.10.3 Products and Services
  • 14.10.4 Financial Overview
  • 14.10.5 SWOT Analysis

15. Appendix