As per the research report titled ‘Global Wind Turbine Blade Materials Market 2022 - Industry Briefing’ available with MarketStudyReport, global wind turbine blade materials market is anticipated to progress at 5.1% CAGR through 2028 and subsequently accrue a valuation of USD 6590 million by the end of the forecast timeframe of 2022-2028.

Escalating offshore and onshore wind energy installations, coupled with growing emphasis on using materials with increased corrosion resistance, rigidity, and high temperature tolerance are the key factors fueling global wind turbine blade materials market growth.

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Further, technological advancements, and the penetration of more effective blades are presenting new opportunities for market expansion in the coming years.

However, the availability of alternate sources of power in the form of solar or hydropower may impede the growth dynamics of the market over the analysis timeline.

Considering the geographical analysis, worldwide wind turbine blade materials market sphere spans across North America, Europe, and Asia Pacific. Each regional industry is thoroughly assessed in the document providing pivotal insights regarding consumption statistics and growth potential for stakeholders to identify major avenues to broaden their profitability graph.

This business sphere is also studied from the perspective of product type, technology, and application spectrum. The application spectrum is split into offshore and onshore, wherein, the onshore segment generated a major chunk of the overall market revenue in 2021.

In addition, the different material types are fibers (carbon fiber, glass fiber), resins (polyester, epoxy, others), and core materials (PET, PV, balsa, others). While the technology terrain includes prepreg and resin infusion.

Moving on to the competitive landscape, a comprehensive analysis is provided in order to understand prominent as well as emerging players, based on their business operations, recent strategic developments, and technological advancements.

Established players within global wind turbine blade materials market are Teijin Ltd., Huntsman Corporation, Toray Industries Inc., Aditya Birla Group, Dow Chemical Company, DIAB Group, Hexcel Corporation, Swancor Holding Co., Nan Ya Plastics Corporation, Mitsubishi Rayon Co. Ltd., Hyosung Corporation, Hexion Inc., Gurit Holding AG, SGL Carbon SE, China Jushi Co. Ltd., Ashland Global Specialty Chemicals Inc., Armacell International S.A., and AOC Resins.