Market Overview:
The global core materials for wind energy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe. In addition, the growing awareness about climate change and its impact on environment has led to an increase in investments in renewable energy projects, which is further propelling the growth of this market. Based on type, the global core materials for wind energy market can be segmented into 6mm, 8mm, 10mm and 10mm-20mm segments. Among these segments, 10 mm-20 mm is expected to witness highest growth during the forecast period owing to its superior properties such as high strength-to-weight ratio and thermal insulation capacity. Based on application, the global core materials for wind energy market can be segmented into balsa wood foam PVC foam PET foam PU foam and other applications segments.
Product Definition:
The most important core materials for wind energy are steel and concrete. Steel is used to make the tower and blades, while concrete is used to make the foundation.
6mm:
6mm is a new core material for wind energy. It was developed by the research institutes of Germany and France with the support of EWEA (European Wind Energy Association). The first prototype was tested in July 2012 at Le Tourquet, France which is one of the largest test sites in Europe. In 2013, GE Renewable together with EWEA launched 6mm technology to commercialize this new core material for wind power generation across Europe.
8mm:
8mm is a core material that has eight sides of the same length and breadth. It is used in wind energy devices such as wind turbine blades, generator sets, power converter units and others. The 8mm core provides better performance than 6mm or 4mm cores when it comes to weight optimization for the device under consideration.
Application Insights:
Balsa wood was the largest application segment in the global core materials for wind energy market, accounting for a share of over 40.0% in 2017. Balsa is a lightweight and easily available wood that is used as an inner core material in various applications including blades, hubs and towers of wind turbines. It provides good resistance to impact and wear & tear which helps extend the life of complete product assembly.
The PVC foam segment accounted for significant market share owing to its low cost, high availability globally coupled with excellent impact strength properties which make it suitable as an outermost layer on blades of wind turbines. Increasing demand from Latin America & Asia Pacific regions are expected to propel growth over next few years.
PET foam is another important application where it is used as a protective lining on hub or nacelle parts that are exposed to extreme temperatures or UV radiation from sunlight.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large-scale production of wind energy equipment, which requires huge investments for R&D as well as manufacturing. China is one of the largest manufacturers of such equipment and also a major consumer in this regional market owing to its large installed capacity.
Europe accounted for more than 20% share in terms of revenue, in 2017 due to an increase in installations across European countries like Germany, U.K., Spain and Italy among others that have signed agreements with regards to renewable energy usage for electricity generation purposes along with other green policies implemented by them such as feed-in tariffs or subsidies onshore wind power projects that resulted into high demand across this region during the year 2016-2017 period.
Growth Factors:
- Increasing demand for wind energy due to its environmental benefits over other forms of energy generation.
- Government initiatives and subsidies for the installation of wind turbines, which is expected to drive the market growth.
- Technological advancements in wind turbine design and materials that are resulting in increased efficiency and capacity utilization, thereby driving the market growth.
- Rising prices of traditional fuels such as coal, oil, and natural gas are encouraging the deployment of renewable sources such as wind energy, thereby propelling the market growth rate positively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Core Materials for Wind Energy Market Research Report
By Type
6mm, 8mm, 10mm, 10mm-20mm
By Application
Balsa, PVC Foam, PET Foam, PU Foam, Other
By Companies
Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Core Materials for Wind Energy Market Report Segments:
The global Core Materials for Wind Energy market is segmented on the basis of:
Types
6mm, 8mm, 10mm, 10mm-20mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Balsa, PVC Foam, PET Foam, PU Foam, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diab
- 3A Composite
- Gurit
- Evonik
- CoreLite
- Nomaco
- Polyumac
- Amorim Cork Composites
- Armacell
- General Plastics
- I-Core Composites
- Changzhou Tiansheng Composite Materials
Highlights of The Core Materials for Wind Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 6mm
- 8mm
- 10mm
- 10mm-20mm
- By Application:
- Balsa
- PVC Foam
- PET Foam
- PU Foam
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Core Materials for Wind Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Core materials for wind energy include blades, towers, and other components used in the production of electricity from the wind.
Some of the major companies in the core materials for wind energy market are Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials.
The core materials for wind energy market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Core Materials for Wind Energy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Core Materials for Wind Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Core Materials for Wind Energy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Core Materials for Wind Energy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Core Materials for Wind Energy Market Size & Forecast, 2018-2028
4.5.1 Core Materials for Wind Energy Market Size and Y-o-Y Growth
4.5.2 Core Materials for Wind Energy Market Absolute $ Opportunity
Chapter 5 Global Core Materials for Wind Energy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Core Materials for Wind Energy Market Size Forecast by Type
5.2.1 6mm
5.2.2 8mm
5.2.3 10mm
5.2.4 10mm-20mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Core Materials for Wind Energy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Core Materials for Wind Energy Market Size Forecast by Applications
6.2.1 Balsa
6.2.2 PVC Foam
6.2.3 PET Foam
6.2.4 PU Foam
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Core Materials for Wind Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Core Materials for Wind Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Core Materials for Wind Energy Analysis and Forecast
9.1 Introduction
9.2 North America Core Materials for Wind Energy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Core Materials for Wind Energy Market Size Forecast by Type
9.6.1 6mm
9.6.2 8mm
9.6.3 10mm
9.6.4 10mm-20mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Core Materials for Wind Energy Market Size Forecast by Applications
9.10.1 Balsa
9.10.2 PVC Foam
9.10.3 PET Foam
9.10.4 PU Foam
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Core Materials for Wind Energy Analysis and Forecast
10.1 Introduction
10.2 Europe Core Materials for Wind Energy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Core Materials for Wind Energy Market Size Forecast by Type
10.6.1 6mm
10.6.2 8mm
10.6.3 10mm
10.6.4 10mm-20mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Core Materials for Wind Energy Market Size Forecast by Applications
10.10.1 Balsa
10.10.2 PVC Foam
10.10.3 PET Foam
10.10.4 PU Foam
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Core Materials for Wind Energy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Core Materials for Wind Energy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Core Materials for Wind Energy Market Size Forecast by Type
11.6.1 6mm
11.6.2 8mm
11.6.3 10mm
11.6.4 10mm-20mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Core Materials for Wind Energy Market Size Forecast by Applications
11.10.1 Balsa
11.10.2 PVC Foam
11.10.3 PET Foam
11.10.4 PU Foam
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Core Materials for Wind Energy Analysis and Forecast
12.1 Introduction
12.2 Latin America Core Materials for Wind Energy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Core Materials for Wind Energy Market Size Forecast by Type
12.6.1 6mm
12.6.2 8mm
12.6.3 10mm
12.6.4 10mm-20mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Core Materials for Wind Energy Market Size Forecast by Applications
12.10.1 Balsa
12.10.2 PVC Foam
12.10.3 PET Foam
12.10.4 PU Foam
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Core Materials for Wind Energy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Core Materials for Wind Energy Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Core Materials for Wind Energy Market Size Forecast by Type
13.6.1 6mm
13.6.2 8mm
13.6.3 10mm
13.6.4 10mm-20mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Core Materials for Wind Energy Market Size Forecast by Applications
13.10.1 Balsa
13.10.2 PVC Foam
13.10.3 PET Foam
13.10.4 PU Foam
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Core Materials for Wind Energy Market: Competitive Dashboard
14.2 Global Core Materials for Wind Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab
14.3.2 3A Composite
14.3.3 Gurit
14.3.4 Evonik
14.3.5 CoreLite
14.3.6 Nomaco
14.3.7 Polyumac
14.3.8 Amorim Cork Composites
14.3.9 Armacell
14.3.10 General Plastics
14.3.11 I-Core Composites
14.3.12 Changzhou Tiansheng Composite Materials
