Middle East & Africa Wind Turbine Composites Market Forecast to 2030 - Regional Analysis - by Fiber Type, Resin Type, Technology, and Application

Description

List of Tables

The Middle East & Africa wind turbine composites market was valued at US$ 103.44 million in 2022 and is expected to reach US$ 168.50 million by 2030; it is estimated to record a CAGR of 6.3% from 2022 to 2030.

Adoption of Natural Fiber Reinforced Polymer (NFRP) Composites Bolsters Middle East & Africa Wind Turbine Composites Market

A wind turbine consists of several parts such as a hub, gearbox, blades, nacelle, and tower, among which wind turbine blades and nacelle are generally composed of composite materials, including glass and carbon fibers. However, these kinds of fibers are often associated with a certain set of limitations, which include their availability, nonbiodegradability, harmful impact on health, and the fabrication cost involved. The use of natural fibers can overcome all these challenges. The growing environmental issues have shifted the attention of researchers and technologists to the use of natural biodegradable materials, which has bolstered the use of natural fiber-reinforced polymer (NFRP) composites in wind turbine manufacturing.

Natural fibers are defined as those substances which are made from plants, animals, and minerals with the help of geological processes. Natural fibers obtained from kenaf, bagasse, banana, sisal, flax, hemp, jute, abaca, and bamboo are easily available and need low processing costs. They can be spun together into filaments, threads, or ropes and can be knitted, woven, or matted.

The characteristic features of natural fibers might vary considerably according to their chemical composition and structure; fiber type; and fiber's growing conditions, harvesting time, manufacturing method, treatment, and storage processes. Such reinforced composites form a class of materials that exhibit superior mechanical features as well as potentially replace the conventional material systems in wind turbines.

The NFRP composites possess certain advantages as compared to synthetic fiber-reinforced composites. These benefits include low density, minimal cost, nonabrasive features, biodegradability, and renewable nature. Hence, the rising concern and awareness about the social and environmental impacts of conventional materials are resulting in the shift toward environment-friendly materials by manufacturers of composites, which is expected to fuel the Middle East & Africa wind turbine composites market growth during the forecast period.

Middle East & Africa Wind Turbine Composites Market Overview

The wind turbine composites market in the Middle East & Africa is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. South Africa is a prominent contributor to the market in the region. According to the Global Wind Energy Council, the country installed 515 MW of new wind power capacity in 2020. Senegal ranked second for new capacity established in 2020 by installing 103 MW of wind power capacity, followed by Morocco (92 MW), Jordan (52 MW), Iran (45 MW), and Egypt (13 MW). In 2020, Senegal inaugurated West Africa's first large-scale wind farm, which will supply nearly a sixth of the country's power requirements after reaching full capacity. With this wind farm, the country is expected to derive 30% of its energy from renewable sources. Saudi Arabia is also taking various initiatives to develop its renewable energy sector. This factor favors the growth of the wind turbine composites market in the Middle East & Africa.

Middle East & Africa Wind Turbine Composites Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Wind Turbine Composites Market Segmentation

The Middle East & Africa wind turbine composites market is segmented based on fiber type, resin type, technology, application, and country.

Based on fiber type, the Middle East & Africa 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 Middle East & Africa wind turbine composites market is categorized into polyester, epoxy, polyurethane, vinyl ester, and others. The epoxy segment held the largest share in 2022.

Based on technology, the Middle East & Africa 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 Middle East & Africa wind turbine composites market is bifurcated into blades and nacelles. The blades segment held a larger share in 2022.

Based on country, the Middle East & Africa wind turbine composites market is segmented into South Africa, Saudi Arabia, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa wind turbine composites market in 2022.

Avient Corp, Covestro AG, Gurit Holding AG, Hexcel Corp, Hexion Inc, SGL Carbon SE, and Toray Industries Inc are some of the leading companies operating in the Middle East & Africa wind turbine composites market.

Product Code: BMIRE00030221

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. Middle East & Africa 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. Middle East & Africa 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 - Middle East & Africa Market Analysis

6.1 Middle East & Africa Wind Turbine Composites Market Volume (Kilo Tons)
6.2 Middle East & Africa Wind Turbine Composites Market Revenue (US$ Million)
6.3 Middle East & Africa Wind Turbine Composites Market Forecast and Analysis

7. Middle East & Africa 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)
- 7.3.3 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Wind Turbine Composites Market - Country Analysis

11.1 Middle East & Africa
- 11.1.1 Wind Turbine Composites Market Breakdown by Country
- 11.1.2 South Africa Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
- 11.1.3 South Africa Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
  - 11.1.3.1 South Africa Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.1.3.2 South Africa Wind Turbine Composites Market Breakdown by Resin Type
  - 11.1.3.3 South Africa Wind Turbine Composites Market Breakdown by Technology
  - 11.1.3.4 South Africa Wind Turbine Composites Market Breakdown by Application
- 11.1.4 Saudi Arabia Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
- 11.1.5 Saudi Arabia Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
  - 11.1.5.1 Saudi Arabia Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.1.5.2 Saudi Arabia Wind Turbine Composites Market Breakdown by Resin Type
  - 11.1.5.3 Saudi Arabia Wind Turbine Composites Market Breakdown by Technology
  - 11.1.5.4 Saudi Arabia Wind Turbine Composites Market Breakdown by Application
- 11.1.6 Rest of Middle East & Africa Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
- 11.1.7 Rest of Middle East & Africa Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
  - 11.1.7.1 Rest of Middle East & Africa Wind Turbine Composites Market Breakdown by Fiber Type
  - 11.1.7.2 Rest of Middle East & Africa Wind Turbine Composites Market Breakdown by Resin Type
  - 11.1.7.3 Rest of Middle East & Africa Wind Turbine Composites Market Breakdown by Technology
  - 11.1.7.4 Rest of Middle East & Africa 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 Gurit Holding AG
- 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 Covestro 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 Hexion Inc
- 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 Hexcel Corp
- 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

15. Appendix