| Product Code: ETC4501226 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand import trend for wind turbine composites material experienced significant growth, with a 141.43% increase from 2023 to 2024 and a 31.0% compound annual growth rate for the period 2020-2024. This surge can be attributed to the increasing demand for renewable energy solutions and the government`s focus on sustainable development initiatives.
The Thailand Wind Turbine Composites Material Market plays a crucial role in the renewable energy sector. Wind turbine blades and nacelles benefit from lightweight and durable composite materials to enhance energy generation. As Thailand pursues sustainable energy solutions, the market for wind turbine composites materials is anticipated to grow.
The Wind Turbine Composites Material market in Thailand is witnessing robust growth, propelled by the increasing deployment of wind energy projects and the demand for lightweight and durable materials in wind turbine components. Composites materials, including fiberglass and carbon fiber composites, are gaining prominence for their role in manufacturing wind turbine blades and other components. The growth of the renewable energy sector, the rising need for materials with high strength and fatigue resistance, and the emphasis on sustainable energy solutions in Thailand are contributing to the adoption of wind turbine composites materials. Moreover, the focus on optimizing wind turbine performance and the innovations in composite material formulations are further fueling the positive momentum of the wind turbine composites material market.
The Thailand Wind Turbine Composites Material market faces challenges related to the stringent performance requirements for materials used in wind turbine components. Market players must continuously innovate to enhance the fatigue resistance, strength, and lightweight properties of composite materials. The market is also influenced by the need for adherence to international standards and certifications in the renewable energy sector. Economic factors, including the global supply chain for composite reinforcements, impact the cost structure and competitiveness of materials in this market.
The Thailand Wind Turbine Composites Material market showcased resilience during the COVID-19 pandemic, with applications in the renewable energy sector. Composites materials, including fiberglass and carbon fiber-reinforced polymers, are integral components of wind turbine blades. Post-pandemic, the market is growing as the renewable energy sector expands, with increased emphasis on lightweight and durable materials for wind turbine components. The Thailand Wind Turbine Composites Material market plays a crucial role in supporting the country transition to clean and sustainable energy sources.
Major contributors to the Thailand wind turbine composites material market include Wind Energy Holding Co., Ltd., Composite Technology Co., Ltd., and Siemens Gamesa Renewable Energy.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Wind Turbine Composites Material Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Wind Turbine Composites Material Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Wind Turbine Composites Material Market - Industry Life Cycle |
3.4 Thailand Wind Turbine Composites Material Market - Porter's Five Forces |
3.5 Thailand Wind Turbine Composites Material Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Thailand Wind Turbine Composites Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Thailand Wind Turbine Composites Material Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Thailand Wind Turbine Composites Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Wind Turbine Composites Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Thailand |
4.2.2 Government initiatives and incentives to promote wind energy projects |
4.2.3 Technological advancements in wind turbine composites materials |
4.3 Market Restraints |
4.3.1 High initial investment cost for wind turbine projects |
4.3.2 Limited availability of skilled labor in the composites material industry |
4.3.3 Challenges in obtaining necessary permits and approvals for wind turbine installations |
5 Thailand Wind Turbine Composites Material Market Trends |
6 Thailand Wind Turbine Composites Material Market, By Types |
6.1 Thailand Wind Turbine Composites Material Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.4 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.5 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.2 Thailand Wind Turbine Composites Material Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Glass fiber, 2021-2031F |
6.2.3 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Carbon fiber, 2021-2031F |
6.3 Thailand Wind Turbine Composites Material Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Vacuum Injection Molding, 2021-2031F |
6.3.3 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Prepreg, 2021-2031F |
6.3.4 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Hand Lay-Up, 2021-2031F |
6.4 Thailand Wind Turbine Composites Material Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Blades, 2021-2031F |
6.4.3 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Nacelles, 2021-2031F |
6.4.4 Thailand Wind Turbine Composites Material Market Revenues & Volume, By Others (Towers and Hub), 2021-2031F |
7 Thailand Wind Turbine Composites Material Market Import-Export Trade Statistics |
7.1 Thailand Wind Turbine Composites Material Market Export to Major Countries |
7.2 Thailand Wind Turbine Composites Material Market Imports from Major Countries |
8 Thailand Wind Turbine Composites Material Market Key Performance Indicators |
8.1 Average wind turbine capacity utilization rate |
8.2 Number of new wind turbine installations |
8.3 Percentage of energy generated from wind sources in Thailand |
9 Thailand Wind Turbine Composites Material Market - Opportunity Assessment |
9.1 Thailand Wind Turbine Composites Material Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Thailand Wind Turbine Composites Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Thailand Wind Turbine Composites Material Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Thailand Wind Turbine Composites Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Wind Turbine Composites Material Market - Competitive Landscape |
10.1 Thailand Wind Turbine Composites Material Market Revenue Share, By Companies, 2024 |
10.2 Thailand Wind Turbine Composites Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |