The consumption of composite materials in Global Wind Energy Industry is forecast to reach $3.9 billion by 2017, a study says.
The world’s growing appetite for wind energy has transformed wind turbine blades into one of the hottest composite applications around. The huge demand for wind power generating equipments – particularly in the U.S and China as top tier and India, Germany, Spain, Italy, UK and France as second tier – has raised a bumper crop of new plants for manufacturing these composite parts. Emerging markets such as Brazil, Turkey and South Africa forecast to contribute to the future growth.
According to Composite Insights’ latest report “Global Wind Energy Composites Industry 2012-2017: Customer Mapping, Trend and Forecast Analysis,” the consumption of composite materials in Global Wind Energy Industry is to reach $3.9 billion by end of 2017.