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Why are Sales of Wind Turbine Composite Materials Soaring Globally?

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Why are Sales of Wind Turbine Composite Materials Soaring Globally?

With the escalating pollution levels, the governments of many countries are focusing on encouraging the use of renewable energy sources for power generation. Moreover, the rapid depletion of natural resources such as fossil fuels, owing to their exploitation, is further boosting the demand for clean alternative energy sources such as wind. Owing to these reasons, the governments of several countries are implementing policies aimed at augmenting wind power generation, which is, in turn, pushing up the demand for wind turbine composite materials.


Besides, the enactment of strict environmental regulations by many governments and organizations in order to mitigate greenhouse gas emissions, is also propelling the popularity of wind energy. For example, in Germany, the Renewable Energy Sources Act 2011 has mentioned fixed feed-in tariffs (FiTs) for the power utilities that are producing renewable energy in the country. Likewise, the governments of various other countries are providing financial support, schemes, and tax benefits to organizations for purchasing equipment required for producing wind energy. This is further boosting the requirement for wind turbine composite materials. 


The popularity of carbon fibers is also soaring, on account of the fact that these fibers have low weight and exhibit high strength. Nacelle and wind blades are the major application areas of wind turbine composite materials. Between these, the usage of wind turbine composite materials was observed to be higher in the production of wind blades during the last few years. Geographically, the sales of wind turbine composite materials were found to be the highest in the Asia-Pacific (APAC) region in 2015.


This was because of the fact that the cumulative wind power generation capacity in the region surged from 100.8 GW in 2012 to 146.4 GW in 2014, which caused a massive rise in the demand for wind turbine composite materials. In APAC, the demand for these materials was the highest in China in the years gone by. The total capacity of wind power in the country rose from 75.3 GW in 2012 to 114.6 GW in 2014. 


Hence, it can be said with surety that the demand for wind turbine composite materials will surge sharply in the forthcoming years, primarily because of the rising popularity of wind energy, on account of the growing requirement for renewable energy, due to the escalating pollution levels and rapid depletion of fossil fuels across the world.  


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