Market Overview:
The global glass fiber for wind power market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 3,711.5 Mn by 2030, registering a CAGR of 13.9% from 2018 to 2030. In terms of volume, the global glass fiber for wind power market is expected to reach 2,584 KT by 2030. Direct roving dominates the global glass fiber for wind power market in terms of both value and volume share and is expected to maintain its dominance throughout the forecast period.
Product Definition:
A glass fiber (or glass fibre) is a material consisting of numerous thin fibers of glass. Glass fibers are used as reinforcements in many materials, including composites, especially those used in the aerospace industry.
Direct Roving:
Direct roving is the process of installing a rotor without any gearbox. In this process, the main shaft of the machine rotates due to which all other shafts and gears attached to it follow suit. The speed of these gears is directly dependent on that of the main shaft.
The advantages associated with direct-roving wind turbine include less installation cost, easy maintenance and repair operations, low weight load on bearing owing to no transmission torque requirement from gearbox.
Multi-end Roving:
Multi-end roving is a method of producing high strength, multi-layered fiber for use in the wind power industry. It is used to produce glass fibers with higher core/volume ratio and longer length which are then used in the manufacturing of composite parts for wind turbine blades. The process can be done by two methods; wet layering and dry layering.
Application Insights:
Based on application, the global glass fiber market is segmented into wind turbine blades, wind turbine towers, nacelle and others. Wind turbine blades was the largest application segment in 2017 and is expected to maintain its lead over the forecast period. The product usage in blade manufacturing ensures high strength while reducing weight; these factors are likely to drive demand over the forecast period.
The tower segment is anticipated to witness a significant growth rate of 5.9% from 2018 to 2030 owing to improved energy generation rates with each additional unit of power generated by a wind farm project or expansion project undertaken by an existing utility-scale facility.
Regional Analysis:
North America dominated the global glass fiber for wind power market in 2016 with a revenue share of over 40%. The growth is attributed to the presence of numerous manufacturers and OEMs in this region. Moreover, increasing government funding for R&D activities pertaining to energy efficiency has led to development of new materials with high strength-to-weight ratio. This factor is expected to increase demand for glass fibers from 2018 to 2030.
Asia Pacific region is anticipated witness significant growth over the forecast period owing to rapid expansion of renewable energy capacity across countries such as China, India, Japan, South Korea and Taiwan. Increasing awareness regarding environmental protection along with growing focus on reducing carbon footprint are some factors driving industry growth in this region.
Growth Factors:
- Increasing demand for wind power due to its environmental benefits over other forms of energy generation.
- Government initiatives and subsidies for installation of wind turbines, which is driving the market growth.
- Technological advancements in glass fiber manufacturing that are making it more efficient and economical to use in wind turbines blades and towers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber for Wind Power Market Research Report
By Type
Direct Roving, Multi-end Roving, Chopped Mat, Others
By Application
Wind Turbine Blades, Wind Turbine Hoods
By Companies
Owens Corning, Saint-Gobain (Vetrotex), 3B Fibreglass, Jushi Group, Hexcel, Taishan Fiberglass, Chongqing Polycomp International Corp. (CPIC), Johns Manville, Owens Corning
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber for Wind Power Market Report Segments:
The global Glass Fiber for Wind Power market is segmented on the basis of:
Types
Direct Roving, Multi-end Roving, Chopped Mat, Others
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
Wind Turbine Blades, Wind Turbine Hoods
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:
- Owens Corning
- Saint-Gobain (Vetrotex)
- 3B Fibreglass
- Jushi Group
- Hexcel
- Taishan Fiberglass
- Chongqing Polycomp International Corp. (CPIC)
- Johns Manville
- Owens Corning
Highlights of The Glass Fiber for Wind Power 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:
- Direct Roving
- Multi-end Roving
- Chopped Mat
- Others
- By Application:
- Wind Turbine Blades
- Wind Turbine Hoods
- 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 Glass Fiber for Wind Power 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?
Glass fiber is a type of fiber made from glass that has been treated with chemicals and heat to make it strong and durable. Glass fibers are used in wind turbines because they are very lightweight and have a high tensile strength, which means they can hold up to a lot of stress before breaking. This makes them perfect for use in wind turbines because the blades can move more freely without them breaking.
Some of the key players operating in the glass fiber for wind power market are Owens Corning, Saint-Gobain (Vetrotex), 3B Fibreglass, Jushi Group, Hexcel, Taishan Fiberglass, Chongqing Polycomp International Corp. (CPIC), Johns Manville, Owens Corning.
The glass fiber for wind power market is expected to register a CAGR of 13.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber for Wind Power 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 Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size & Forecast, 2018-2028
4.5.1 Glass Fiber for Wind Power Market Size and Y-o-Y Growth
4.5.2 Glass Fiber for Wind Power Market Absolute $ Opportunity
Chapter 5 Global Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Type
5.2.1 Direct Roving
5.2.2 Multi-end Roving
5.2.3 Chopped Mat
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Applications
6.2.1 Wind Turbine Blades
6.2.2 Wind Turbine Hoods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Fiber for Wind Power 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 Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Analysis and Forecast
9.1 Introduction
9.2 North America Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Type
9.6.1 Direct Roving
9.6.2 Multi-end Roving
9.6.3 Chopped Mat
9.6.4 Others
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 Glass Fiber for Wind Power Market Size Forecast by Applications
9.10.1 Wind Turbine Blades
9.10.2 Wind Turbine Hoods
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 Glass Fiber for Wind Power Analysis and Forecast
10.1 Introduction
10.2 Europe Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Type
10.6.1 Direct Roving
10.6.2 Multi-end Roving
10.6.3 Chopped Mat
10.6.4 Others
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 Glass Fiber for Wind Power Market Size Forecast by Applications
10.10.1 Wind Turbine Blades
10.10.2 Wind Turbine Hoods
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 Glass Fiber for Wind Power Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Type
11.6.1 Direct Roving
11.6.2 Multi-end Roving
11.6.3 Chopped Mat
11.6.4 Others
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 Glass Fiber for Wind Power Market Size Forecast by Applications
11.10.1 Wind Turbine Blades
11.10.2 Wind Turbine Hoods
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 Glass Fiber for Wind Power Analysis and Forecast
12.1 Introduction
12.2 Latin America Glass Fiber for Wind Power 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 Glass Fiber for Wind Power Market Size Forecast by Type
12.6.1 Direct Roving
12.6.2 Multi-end Roving
12.6.3 Chopped Mat
12.6.4 Others
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 Glass Fiber for Wind Power Market Size Forecast by Applications
12.10.1 Wind Turbine Blades
12.10.2 Wind Turbine Hoods
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) Glass Fiber for Wind Power Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glass Fiber for Wind Power 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) Glass Fiber for Wind Power Market Size Forecast by Type
13.6.1 Direct Roving
13.6.2 Multi-end Roving
13.6.3 Chopped Mat
13.6.4 Others
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) Glass Fiber for Wind Power Market Size Forecast by Applications
13.10.1 Wind Turbine Blades
13.10.2 Wind Turbine Hoods
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 Glass Fiber for Wind Power Market: Competitive Dashboard
14.2 Global Glass Fiber for Wind Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Owens Corning
14.3.2 Saint-Gobain (Vetrotex)
14.3.3 3B Fibreglass
14.3.4 Jushi Group
14.3.5 Hexcel
14.3.6 Taishan Fiberglass
14.3.7 Chongqing Polycomp International Corp. (CPIC)
14.3.8 Johns Manville
14.3.9 Owens Corning
