Wind Turbine Materials Market, Global, 2024-2031

Description

Rising Focus on Improving Product Technologies and Developing New Alternatives is Driving Transformational Growth

Frost & Sullivan divided the wind turbine materials market into structural and non-structural materials. We further classified the structural materials market into metals, fiber-reinforced composites, and core materials, while the non-structural materials market contains coatings, adhesives and sealants, and lubricants. Each material has been segmented for various wind turbine components, such as the rotor, tower, and others (nacelle, generator, and gearbox). The main application areas are onshore and offshore.

We anticipate the consumption of structural materials to be massive, as they offer structural integrity or rigidity to the wind turbine while reducing its overall weight. The market for non-structural materials will likely record the highest CAGR in value and volume during the forecast period. These materials protect the turbines from corrosion and weathering, increasing the components' longevity and maintaining reliability.

The onshore segment accounted for the greatest share of the wind turbine materials market in 2024 and will likely maintain its dominance over the forecast period. However, with rising energy demand and the depletion of fossil fuels, government authorities worldwide have increased their focus on the offshore segment, which will considerably drive the expansion of associated materials during the forecast period.

Frost & Sullivan expects the overall consumption of wind turbine materials in the Middle East, Africa, and South Asia to increase significantly during the forecast period. This is mostly due to significant economic development, combined with industrialization activities, which creates a high demand for renewable energy in the region. Asia-Pacific accounted for the highest share of the wind turbine materials market in 2024 and will likely maintain its dominance during the forecast period. Urbanization and favorable government policies for increasing wind capacity installations drive the region's need for wind turbine materials for both onshore and offshore applications. We expect rising incidences of global warming and climate change-related events to boost the consumption of wind turbine materials, mainly for offshore applications in regions like Europe and the Americas.

Product Code: PFPO-92

Scope and Segmentation

Scope of Analysis
Segmentation

Growth Environment: Transformation in the Wind Turbine Materials Sector

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Wind Turbine Materials Industry

Ecosystem in the Wind Turbine Materials Sector

Key Takeaways
Emergence of Wooden owers
Materials for Wind Energy: Market Highlights
Key Aspects of Wind Turbines
Capacity Factor and Materials Demand
Trends in Small-scale Wind Turbines
Larger Wind Turbines
Wind Turbine Service and Maintenance
Decommissioning and Repowering
Composites Recycling
Competitive Environment
Key Competitors: Structural Materials
Key Competitors: Non-structural Materials

Growth Generator in the Wind Turbine Materials Sector

Growth Metrics
Growth Drivers
Growth Restraints
Growth Restraint Analysis
Wind Turbine Materials: Key Regulatory Authorities
Value Chain
Value Chain Analysis
Forecast Assumptions
Revenue and Volume Forecast
Revenue Forecast by End Use
Volume Forecast by End Use
Revenue and Volume Forecast Analysis
Revenue and Volume Forecast Analysis by End Use
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis by Region
Revenue Forecast by Material Type
Volume Forecast by Material Type
Forecast Analysis
Average Price Forecast: Structural
Average Price Forecast: Non-structural
Pricing Trends and Forecast Analysis
Revenue Forecast by Material Type: Structural Materials
Volume Forecast by Material Type: Structural Materials
Revenue Forecast by Material Type: Non-structural Materials
Volume Forecast by Material Type: Non-structural Materials
Structural and Non-structural Materials
Structural: Steel
Structural: Fiber-reinforced Composites
Structural: Core Materials
Non-structural: Coatings
Non-structural: Adhesives and Sealants
Non-structural: Lubricants
Market Share Analysis by Structural Material Type
Market Share Analysis by Non-structural Material Type

Growth Generator: Rotor

Overview
Areas of Materials Research for Wind Turbine Blades
Growth Metrics
Revenue and Volume Forecast
Revenue and Volume Forecast Analysis
Revenue Forecast by Material Type
Volume Forecast by Material Type
Revenue Forecast by Material Type: Structural Materials
Volume Forecast by Material Type: Structural Materials
Revenue Forecast by Material Type: Non-structural Materials
Volume Forecast by Material Type: Non-structural Materials
Volume Share Forecast by Rotor Material Type
Structural Materials Used in Rotor
Non-structural Materials Used in Rotor

Growth Generator: Tower

Overview
Growth Metrics
Revenue and Volume Forecast
Revenue and Volume Forecast Analysis
Revenue Forecast by Material Type
Volume Forecast by Material Type
Revenue Forecast by Material Type: Structural Materials
Volume Forecast by Material TypeStructural Materials
Revenue Forecast by Material Type: Non-structural Materials
Volume Forecast by Material TypeNon-structural Materials
Volume Share Forecast by Tower Material Type
Structural Materials Used in Tower
Non-structural Materials Used in Tower

Growth Generator: Others (Nacelle, Generator, and Gearbox)

Overview
Growth Metrics
Revenue and Volume Forecast
Revenue and Volume Forecast Analysis
Revenue Forecast by Material Type
Volume Forecast by Material Type
Revenue Forecast by Material Type: Structural Materials
Volume Forecast by Material Type: Structural Materials
Revenue Forecast by Material Type: Non-structural Materials
Volume Forecast by Material Type: Non-structural Materials
Volume Share Forecast by Others Material Type
Structural Materials Used in Other Wind Turbine Components
Non-structural Materials Used in Other Wind Turbine Components

Growth Opportunity Universe in the Wind Turbine Materials Sector

Growth Opportunity 1: Diversify and Strengthen Materials Supply
Growth Opportunity 2: Develop Higher Quality Materials for Offshore Turbines
Growth Opportunity 3: Improve Product Technology to Lower Maintenance Costs and Frequency

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
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