NYSE:CVX
NYSE:CVXOil and Gas

Energy Transition Today - Wind Tech Boom Elevates Carbon Fiber Spar Cap Demand

The pultruded spar cap market is projected to reach $2.1 billion by 2030, driven by a robust CAGR of 16.7% as advancements in wind blade technology increase demand for carbon fiber pultruded spar caps in wind turbines. These spar caps enhance efficiency and performance, crucial for the expanding wind energy sector which seeks sustainable energy solutions. Notably, offshore wind turbine installations and the Asia-Pacific region, led by China, are key growth areas. The market sees strategic...