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The development of the composite materials market in the field of wind power

Wind energy continues to dominate in the field of renewable energy and has always been the world’s largest market for glass fiber reinforced composites. As blades become longer and longer, blade manufacturers are looking for ways to reduce the weight of large structures without sacrificing performance, and are also using carbon fiber. Wind power blades are still a key market area for composite materials. According to the forecast of Acumen Research and Consulting “Global Industry Analysis, Market Size, Opportunities, and Forecasts, 2017-2023”, the value of the global wind turbine composite material market may exceed US$12 billion by 2023, and it is expected to increase by 9.6 billion by 2023 Compound annual growth rate growth.