Table of Contents
1. Executive Summary
2. Industry Background and Classifications
2.1. Introduction to Wind Energy Market
2.1.1. Major Components of a Wind Turbine
2.1.2. Benefits of Wind Energy
2.1.3. Drawbacks of Wind Energy
2.1.4. Cost of Wind Energy
2.2. Introduction to Composite Materials in Wind Energy Market
2.3. Wind Blade Manufacturing Process
2.3.1. Hand Lay-up/Wet Lay-up Process
2.3.2. VARTM Process
2.3.3. SCRIMP Process
2.3.4. Prepreg Lay-up Process
2.3.5. SPRINT Technology
2.3.6. Siemens Integral Blade Technology
2.4. Technology Trends in Wind Blade Manufacturing
2.5. Future Blade Manufacturing Process Needs
2.6. Supply Chain for the Composite Materials in Wind Energy Industry
2.7. Porter's Five Forces Analysis for Composite Materials in Wind Energy Market
3. Composite Materials in Wind Blades
3.1. Overview of the Blade Manufacturing Industry
3.1.1. Increased Blade Length Dynamics
3.1.2. Challenges in Scaling Up Blade Length
3.1.3. Advantage of Composites Use in Blade Manufacturing
3.2. Composite Raw Materials in Wind Blades
3.2.1. Resin Types
3.2.2. Future Needs from Resins Used in Wind Blade Manufacturing
3.2.3. Prepreg Materials
3.2.4. Reinforcement Materials
3.2.5. Carbon-Fiber Use in Wind Blade Manufacturing
3.2.6. Future Needs from Reinforcement Fibers in Wind Blades
3.2.7. Adhesives for Wind Blade
3.2.8. Performance Improvement Desired by Blade Manufacturers
4. Resin, Reinforcement, and Intermediate Materials
4.1. Epoxy-Based Resins for Prepreg Processing
4.2. Epoxy-based Resins for Infusion Processing
4.3. Epoxy-based Resins for Hand Lay-up Process
4.4. Price and Performance Analysis for Epoxy Resins
4.5. Polyester Resin for Wind Blade Manufacturing
4.6. Vinyl Ester Resin for the Vacuum Infusion Process
4.7. New Developments in Reinforcement Materials
4.8. Fabric
4.9. Prepreg
5. Core Materials and Other Materials in Wind Applications
5.1. Overview of Core Materials in Wind Blades
5.2. Balsa End Grain Wood
5.3. PVC Foam (Polyvinylchloride Foam)
5.4. SAN Foam (Styrene-Acrylonitrile Foam)
5.5. PET Foam (Poly-Ethylene-Terephthalate)
5.6. Other Development in Core Material
5.7. New Players Entering in PET Foam (Poly-Ethylene-Terephthalate) Material Market
5.8. Pricing of Core Materials
5.9. New Development in Adhesives for Wind Energy
5.10. New Development in Gelcoat for Wind Energy
6. Market Analysis
6.1. Market Analysis 2013
6.1.1. Global Wind Energy Market by Value and by Volume
6.1.2. Global Composite Materials in Wind Energy Market by Value and by Volume
6.2. Market Trend 2008-2013
6.2.1. Macroeconomic Trends
6.2.2. Global Wind Energy Market Trend by Value and by Volume
6.2.3. Global Composite Materials Trend in Wind Energy Market by Value and by Volume
6.2.3.1 North America Composite Materials Consumption Trend in Wind Energy Market by Value and by Volume
6.2.3.2 Europe Composite Materials Consumption Trend in Wind Energy Market by Value and by Volume
6.2.3.3 Asia Pacific Composite Materials Consumption Trend in Wind Energy Market by Value and by Volume
6.2.3.4 ROW Composite Materials Trend in Wind Energy Market by Value and by Volume
6.2.4. Composites Consumption Trend by Type of Raw Material
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Polyester
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Epoxy
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Glass fiber
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Carbon fiber
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Core
-
Adhesives
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Coating & others
6.2.5. Global Wind Turbine Blade Market Trend by Volume
6.2.6. Global Wind Blade Market Trend by Manufacturing Process
6.2.7. Composites Consumption by Blade Manufacturer
6.3. Market Drivers and Challenges
6.4. Market Forecast 2013-2018
6.4.1. Macroeconomic Forecasts
6.4.2. Global Wind Energy Market Forecast by Value and by Volume
6.4.3. Global Composite Materials in Wind Energy Market Forecast by Value and by Volume
6.4.4. Composites Consumption Forecast by Type of Raw Material
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Polyester
-
Epoxy
-
Glass fiber
-
Carbon fiber
-
Core
-
Adhesives
-
Coating & others
7.1. Global Composite Materials in Wind Energy Market Profitability Analysis
7.2. Cost Structure Trend of Global Composite Materials in Wind Energy Market: 2008-2013
7.3. Regional Cost Structure Trend: 2008-2013
8. Competitive Landscape and Growth Opportunities Analysis
8.1. Market Share Analysis
8.1.1. Market Share Analysis of Wind Blade Manufacturers
8.2. Growth Opportunities Analysis
8.2.1. Growth Opportunities for Global Composite Materials Consumption in Wind Energy Market by Material Type
8.2.2. Growth Opportunities for Composite Materials Consumption in Wind Energy Market by Region
8.2.3. Opportunities for New Material Suppliers
8.2.4. Roadmap for New Material Suppliers
9. Market Strategic Assessment
9.1. Emerging Trends in Global Composite Materials in Wind Energy Market
9.2. Unmet Needs in Composite Materials in Wind Energy Market
9.3. Innovations and New Product Launches
9.4. Mergers and Acquisitions in Composite Materials in Wind Energy Market
10. Expert Opinions
11. Company Profiles for Leading Players
11.1. Owens Corning
11.2. PPG Industries
11.5. Hexcel Corporation
11.6. DIAB International
11.7. Huntsman
11.8. Momentive
11.9. LM Wind Power
11.10. Vestas
11.11. Gamesa
List of Figures
List of Tables
Disclaimer
Copyright
Abbreviations and Technical Units
About Us
List of Figures
Chapter 2. Industry Background and Classifications
Figure 2.1: Cost of wind generated electricity 1995-2018
Figure 2.2: Comparing turbine component weights for baseline and experimental 1.5 MW and 3 MW Turbines
Figure 2.3: Key players of composite materials in wind energy market
Figure 2.4: Process flow in making rotor blades
Figure 2.5: Material flow chart for Wet Hand Lay-Up Process
Figure 2.6: Material flow chart for VARTM Process
Figure 2.7: Material flow chart for Prepreg Lay-Up Process
Figure 2.8: Supply chain-composite materials in global wind energy market
Figure 2.9: Porter’s Five Forces analysis for composite materials in global wind energy market
Chapter 3. Composite Materials in Wind Blades
Figure 3.1: Comparison of different materials for density and stiffness
Figure 3.2: Future materials road map for wind blades
Figure 3.3: Improvement in tensile strength property of E-Glass Fiber for Wind Energy
Figure 3.4: Improvement in tensile modulus of E-Glass Fiber for Wind Energy
Figure 3.5: Improvement in shear strength of Epoxy Adhesives
Figure 3.6: Improvement in tensile strength of Epoxy Adhesives
Figure 3.7: Ranking of performance characteristics that requires most improvement
Chapter 5. Core Materials and Other Materials in Wind Applications
Figure 5.1: Use of core materials in wind blades
Figure 5.2: Compression property comparison for various types of core materials
(6 pound/ft3 density)
Figure 5.3: Shear strength comparison of various types of core materials (6 pound/ft3)
Chapter 6. Market Analysis
Figure 6.1: Global wind energy equipment market ($M) by region in 2013
Figure 6.2: Global wind energy market annual installation (GW) by region in 2013
Figure 6.3: Annual wind power installation by top countries in 2013
Figure 6.4: Composite materials in wind energy market ($M) distribution (%) by region in 2013
Figure 6.5: Composite materials in wind energy market ($M) by region in 2013
Figure 6.6: Composite materials in wind energy market (M lbs) by region in 2013
Figure 6.7: Composite materials consumption in global wind energy market distribution (%) by material type ($M) in 2013
Figure 6.8: Composite materials consumption in global wind energy market by material type ($M) in 2013
Figure 6.9: Composite material consumption in global wind energy by weight by material type (M lbs) in 2013
Figure 6.10: Composite material consumption in global wind energy market by material type (M lbs) in 2013
Figure 6.11: Market value ($M) and gross margin (%) of various composite materials for wind Energy Market in 2013
Figure 6.12: Wind blade market (M lbs) distribution (%) by manufacturing process in 2013
Figure 6.13: Composite consumption (M lbs) by wind blade market manufacturing process in 2013
Figure 6.14: Percentage of composite consumption by wind turbine components
Figure 6.15: Global GDP growth rate trend
Figure 6.16: Global population growth rate trend
Figure 6.17: Global inflation rate trend
Figure 6.18: Global unemployment rate trend
Figure 6.19: Regional GDP growth rate trend at constant price
Figure 6.20: Regional population growth rate trend
Figure 6.21: Population age structure 2013
Figure 6.22: Regional inflation rate trend
Figure 6.23: Regional unemployment rate trend
Figure 6.24: Global and regional per capita income trend
Figure 6.25: Global wind energy equipment market trend 2008-2013
Figure 6.26: Global wind energy market annual installation (GW) trend 2008-2013
Figure 6.27: Percentage of installed turbines by average rated capacity (2008–2013)
Figure 6.28: Global composite materials consumption in wind energy market trend 2008-2013
Figure 6.29: North America composite materials consumption in wind energy market trend 2008-2013
Figure 6.30: European composite materials consumption in wind energy market trend 2008-2013
Figure 6.31: Asia Pacific composite materials consumption in wind energy market trend 2008-2013
Figure 6.32: ROW composite materials consumption in wind energy market trend 2008-2013
Figure 6.33: Composite raw materials consumption (M lbs) trend (2008–2013) for wind energy market
Figure 6.34: Composite raw materials consumption ($M) Trend (2008–2013) for wind energy market
Figure 6.35: Global wind blade market installation trend 2008-2013
Figure 6.36: Global wind blade manufacturing process breakdown (%) trend (M lbs)
2008-2013
Figure 6.37: Composites consumption (M lbs) by wind blade manufacturers in 2013
Figure 6.38: Drivers and challenges of global composite materials in wind energy market
Figure 6.39: Trend in average turbine capacity (2014–2019)
Figure 6.40: Expected progression of average and maximum blade lengths (m)
Figure 6.41: Global GDP growth rate forecast
Figure 6.42: Global population growth rate forecast
Figure 6.43: Global inflation rate forecast
Figure 6.44: Global unemployment rate forecast
Figure 6.45: Regional GDP growth rate forecast at constant price
Figure 6.46: Regional population growth rate forecast
Figure 6.47: Population Age Structure, 2019
Figure 6.48: Regional inflation rate forecast
Figure 6.49: Regional unemployment rate forecast
Figure 6.50: Global and regional per capita income forecast
Figure 6.51: Global wind energy equipment market ($B) forecast 2014-2019
Figure 6.52: Global wind energy market annual installation (GW) forecast 2014-2019
Figure 6.53: Global composite materials consumption in wind energy market forecast 2014-2019
Figure 6.54: North America composite materials consumption in wind energy market forecast 2014-2019
Figure 6.55: European composite materials consumption in wind energy market forecast 2014-2019
Figure 6.56: Asia Pacific composite materials consumption in wind energy market forecast 2014-2019
Figure 6.57: ROW composite materials consumption in wind energy market forecast 2014-2019
Figure 6.58: Composites raw material consumption (M Pounds) forecast (2014–2019) for wind energy market
Figure 6.59: Composites raw material consumption ($M) forecast (2014–2019) for wind energy market
Figure 6.60: Forecast for composites consumption by type of materials in 2019
Figure 6.61: Composite material consumption in global wind energy by weight by material type (M lbs) in 2019
Figure 6.62: Composite material consumption in global wind energy market by material type ($M) in 2019
Figure 6.63: Composite material consumption in global wind energy by weight by material type ($M) in 2019
Chapter 7. Financial (Cost Structure and Profitability) Analysis
Figure 7.1: Global composite materials in wind energy market profitability analysis (%) 2008-2013
Figure 7.2: Cost structure trend of global composite materials in wind energy market 2008-2013
Figure 7.3: Cost structure trend of North American composite materials in wind energy market 2008-2013
Figure 7.4: Cost structure trend in European composite materials in wind energy market 2008-2013
Figure 7.5: Cost structure trend in Asia Pacific composite materials in wind energy market 2008-2013
Chapter 8. Competitive Landscape and Growth Opportunities Analysis
Figure 8.1: Market share analysis of wind blade manufacturers in 2012
Figure 8.2: Growth opportunities for global composite materials consumption in wind energy market by material type
Figure 8.3: Growth opportunity in global composite materials consumption in wind energy market by region
Figure 8.4: New opportunities for material suppliers in wind blade markets
Figure 8.5: Market entry barriers and their impact on material suppliers
Chapter 9. Market Strategic Assessment
Figure 9.1: Emerging trends in global composite materials in wind energy market
Figure 9.2: Unmet needs in global composite materials in wind energy market
List of Tables
Chapter 1. Executive Summary
Table 1.1: Market parameters for raw materials of composite materials in global wind energy market and attributes of usage
Table 1.2: Market parameters for wind turbine market and attributes of usage
Chapter 2. Industry Background and Classifications
Table 2.1: Study estimates of percentage cost savings for turbine components due to blade weight reduction
Table 2.2: Study findings for percentage turbine component weight savings due to blade weight reduction
Table 2.3: Cost of energy savings analysis for 0.75 MW, 1.5 MW, 3 MW and 5 MW experimental wind turbines with baseline model
Table 2.4: Estimation of turbine cost savings per pound of turbine weight savings
Table 2.5: Comparison of advantages and disadvantages in Hand Lay-Up, VARTM, and Prepreg Lay-Up Processes
Chapter 3. Composite Materials in Wind Blades
Table 3.1: Comparison of mechanical properties for polyester, epoxy, and vinyl ester based resins
Table 3.2: Future needs from resin systems for wind blades
Table 3.3: Comparison of mechanical properties for various fiber reinforcements
Table 3.4: Comparison of properties of adhesives
Chapter 4. Resin, Reinforcement, and Intermediate Materials
Table 4.1: Material properties of HexPly M19 Epoxy System
Table 4.2: Material properties of Velinox™ 100
Table 4.3: Material properties of Renuvo Wet Laminating (WL)
Table 4.4: Material properties of RENUVO™ MPS
Table 4.5: Material properties of Araldite LY 1564 Series of Epoxy Resins in Combination with Different Hardeners
Table 4.6: Material properties for the Prime 20 LV Resin System
Table 4.7: Material properties for the Airstone 780E Epoxy Resin System
Table 4.8: Material properties for the Epolam 2040 Epoxy Resin System
Table 4.9: Material properties of the Araldite LY3505, Araldite LY1556 SP, and XB 3585 systems
Table 4.10: Material properties for the Airstone 730E Laminating System
Table 4.11: Material properties for Polylite 32850-00 Resin
Table 4.12: Material properties of Hybon 2026
Table 4.13: Material properties for E7 ViPro
Table 4.14: Material properties of Hextow Carbon Fiber
Table 4.15: Material properties of Panex 35 Carbon Fiber
Table 4.16: Material properties of Panex 35 for Prepreg and Fabric
Table 4.17: Material properties of TEX 400 Low-Twist Long Flax Fiber Roving
Table 4.18: Material properties of Advantex® Glass
Table 4.19: Material properties of WE91-1, WE91-2, WT93, and Sparpreg Systems
Table 4.20: Material properties of RENUVO™ PP
Chapter 5. Core Materials and Other Materials in Wind Applications
Table 5.1: Comparison of core material properties and prices
Table 5.2: Material properties for the Baltek SB End-Grain Balsa
Table 5.3: Material properties for the Baltek SBC End-Grain Balsa
Table 5.4: Material properties of ProBalsa End-Grain Balsa
Table 5.5: Material properties of Balsaflex® UVOTEC™
Table 5.6: Material properties for the Airex C70 and Airex C71 PVC Foam
Table 5.7: Material properties of Divinycell HP PVC Foam
Table 5.8: Material properties of PV Cell G-Foam (G45-G200)
Table 5.9: Material properties of Divinycell Matrix MX 10-8
Table 5.10: Material properties of Corecell T-Foam Series
Table 5.11: Material properties for the Airex T90 and Airex T92 PET Foam
Table 5.12: Material properties for the G-PET Foam
Table 5.13: Material properties for Arma FORM PET AC
Table 5.14: Material properties for Arma FORM PET GR
Table 5.15: Material properties for TYCOR W5
Table 5.16: Mechanical strength of DOW COMPAXX™ 900 Foam
Table 5.17: Material properties of Spabond 340LV-HT
Table 5.18: Material properties of W1101
Table 5.19: Material properties of Macroplast
Table 5.20: Material properties of Crystic Ecogel S1PA
Table 5.21: Material properties of HPC Gelcoat
Chapter 6. Market Analysis
Table 6.1: Top five wind energy markets—annual growth rate comparisons and new MW wind energy installation
Table 6.2: Manufacturing techniques used by wind blade manufacturers
Table 6.3: Market trends (2008-2013) in global wind energy market by volume and by value
Table 6.4: Average growth rates for one, three, and five years in global wind energy equipment market in terms of annual installation
Table 6.5: Ranking of countries in terms of cumulative wind capacity
Table 6.6: Market trends (2008-2013) in global composite materials consumption in wind energy
Table 6.7: Average growth rates for one, three, and five years in global composite materials in wind energy market in terms of $ consumption
Table 6.8: Market trends (2008-2013) North American composite materials consumption in wind energy
Table 6.9: North American composite materials consumption average growth rates for one, three, and five years in terms of $
Table 6.10: Market trends (2008-2013) in European composite materials consumption in wind energy market
Table 6.11: European composite materials consumption average growth rates for one, three, and five years in terms of $
Table 6.12: Market trends (2008-2013) in Asia Pacific composite materials consumption in wind energy
Table 6.13: Asia Pacific composite materials consumption average growth rates for one, three, and five years in terms of $
Table 6.14: Market trends (2008-2013) in ROW composite materials consumption in wind energy
Table 6.15: ROW composite materials consumption average growth rates for one, three, and five years in terms of $
Table 6.16: Market trends (2008-2013) in global wind blade market
Table 6.17: Average growth rates for one, three, and five years in global wind blade market in terms of number of blade installation
Table 6.18: Raw materials used by wind blade manufacturers
Table 6.19: Economic outlook of leading economies of four regions for the year 2014
Table 6.20: Market forecast (2014-2019) in global wind energy market
Table 6.21: Average growth rates for one, three, and five years in global wind energy market in terms of annual installation
Table 6.22: Market forecast (2014-2019) in global composite materials consumption in wind energy
Table 6.23: Average growth rates for one, three, and five years in global composite materials consumption in wind energy market in terms of $
Table 6.24: Market forecast (2014-2019) for North America composite materials consumption in wind energy
Table 6.25: Average growth rates for one, three, and five years in North America composite materials in wind energy market in terms of $ consumption
Table 6.26: Market forecast (2014-2019) for composite materials consumption in Europe
Table 6.27: Average growth rates for one, three, and five years in the European composite materials consumption in wind energy market in terms of $
Table 6.28: Market forecast (2014-2019) in Asia Pacific composite materials consumption in wind energy
Table 6.29: Average growth rates for one, three, and five years in Asia pacific composite materials consumption in wind energy market in terms of $
Table 6.30: Market forecast (2014-2019) in ROW composite materials consumption in wind energy
Table 6.31: Average growth rates for one, three, and five years in ROW composite materials consumption in wind energy market in terms of $
Chapter 8. Competitive Landscape and Growth Opportunities Analysis
Table 8.1: Market share of wind blade manufacturers in 2012