Lucintel Anticipates New Installations and Larger Blades to Drive Composites Usage in Wind Energy Market

Increasing demand of lightweight materials with efficient properties had been driving the growth of composite materials in wind energy market. Composite materials consumption in wind energy market is forecasted to reach US $4.3 billion by 2018 with a high growth rate over the next five years. Growth in new installation of wind turbines and increasing size of blades will lead to increased demand for composite materials as there is huge demand for lightweight and efficient products.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in