Energy Sector Composite Market Scope
Energy sector composites are widely used because of their higher strength to weight ratio. Increasing demand from the wind energy sector to keep the blade weight under control driving the demand for energy sector composites. It has numerous properties such as fire corrosion resistance, retardancy, and durability and design flexibility. Further, increasing demand from the developing economies owing to growth in industrialization expected to drive the demand for energy sector composites over the forecasted period.
The market study is being classified by Type (Flywheels, Marine Oil Risers, Fuel Cell Bipolar Plates, Wind Turbine Blades and Fuel Storage), by Application (Wind Power, Oil & Gas, Fuel Cells and Others) and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Energy Sector Composite market throughout the predicted period.
Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Solvay (Belgium), General Electric (United States), Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co., Ltd. (Japan), 3a Composites (Switzerland), Armacell International S.A. (Germany), Cytec Solvay Group (United States), Evonik Industries AG (Germany) and Hexcel Corporation (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Exel Composites (Finland), PlastiComp, Inc. (United States), Innegra Technologies, LLC (United States), STRUCTeam Ltd. (United Kingdom) and QUANTUMETA (China).
AdvanceMarketAnalytics has segmented the market of Global Energy Sector Composite market by Type, Application and Region.
On the basis of geography, the market of Energy Sector Composite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fibre, the sub-segment i.e. Glass Fibre (GFRP) Composites will boost the Energy Sector Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
“According to the Composites UK Trade Association, the use of fibre-reinforced polymers (FRPs) in wind turbines is an important technical element. Components must exhibit excellent fatigue strength, resist random loading and corrosion, require minimal maintenance and serve for 30+ years.”
- Increasing Demand of Carbon Fiber Reinforced Plastic (CFRP)
- Increasing Demand for Longer Wind Turbine Blades
- Rapid Industrialization in Developing Economies
- Increasing Demand Form Wind Power Industry
- Rising Demand from the Developing Economies
- Stringent Government Regulations Regarding Energy Sector Composite
- High Technology Cost Associated With Energy Sector Composite
- Lack of Awareness in the Emerging Economies
Key Target AudienceEnergy Sector Composite Providers, Suppliers and Distributors, Potential Investors, Raw Material Suppliers, Associations, Government, End-Use Industries and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase