The report published by the JEC Group predicts key future trends in composite materials by application area. For the energy and electrical and electronic industries, future growth drivers include offshore wind, direct roving for pipelines
and storage tanks. According to the Global Wind Energy Council's (GWEC) Offshore Wind Report 2022, China has become the world's largest glass fiber wind turbine manufacturing
hub, accounting for 60-65% of global production of key components such as turbine nacelles and gearboxes, generators and blades %. GWEC market intelligence predicts that China's offshore wind power capacity will increase by 98 GW from 2022 to 2031, accounting for 31% of the global offshore wind power capacity added during the same period.