Global Wind Turbine Composite Materials Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Fiber Type;

Glass Fiber, Carbon Fiber, and Others.

By Technology;

Vacuum Injection Molding, Prepreg, Hand Lay-Up, and Others.

By Application;

Wind Blades, Nacelles, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn121542052 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Wind Turbine Composite Materials Market (USD Million), 2021 - 2031

In the year 2024, the Global Wind Turbine Composite Materials Market was valued at USD 11,467.00 million. The size of this market is expected to increase to USD 21,783.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.

The Global Wind Turbine Composite Materials Market plays a crucial role in the development and sustainability of wind energy. Composites are integral to wind turbine construction due to their lightweight yet robust properties, which enhance the efficiency and durability of wind turbines. Composites used in these turbines typically include fiberglass, carbon fiber, and resin matrices, which help in reducing the weight of turbine blades and improving their aerodynamic performance. This market is driven by the increasing global focus on renewable energy sources and the need for reducing greenhouse gas emissions, leading to a surge in wind power installations worldwide.

Recent advancements in composite materials have significantly impacted the wind turbine sector. New innovations are focusing on improving the strength and flexibility of materials to create larger and more efficient turbine blades. These advancements are driven by the demand for higher energy outputs and the need for cost-effective production methods. Additionally, the integration of advanced composite materials is helping in the development of more durable and longer-lasting turbines, thereby reducing maintenance costs and improving overall energy generation efficiency.

The market for wind turbine composite materials is expanding rapidly, with a growing emphasis on sustainability and environmental impact. As more countries commit to achieving net-zero emissions and investing in renewable energy infrastructure, the demand for high-performance composite materials is expected to rise. This growth is further supported by technological innovations and increasing investments in research and development, ensuring that the global wind turbine composite materials market remains dynamic and forward-looking.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Fiber Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Wind Turbine Composite Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Increased wind installations
        3. Demand for efficiency
        4. Sustainability focus
      2. Restraints
        1. High material costs
        2. Complex manufacturing processes
        3. Recycling challenges
        4. Supply chain issues
      3. Opportunities
        1. Innovative material development
        2. Growing wind power investments
        3. Offshore wind expansion
        4. Government incentives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Wind Turbine Composite Materials Market, By Fiber Type, 2021 - 2031 (USD Million)
      1. Glass Fiber
      2. Carbon Fiber
      3. Others
    2. Global Wind Turbine Composite Materials Market, By Technology, 2021 - 2031 (USD Million)
      1. Vacuum Injection Molding
      2. Prepreg
      3. Hand Lay-Up
      4. Others
    3. Global Wind Turbine Composite Materials Market, By Application, 2021 - 2031 (USD Million)
      1. Wind Blades
      2. Nacelles
      3. Others
    4. Global Wind Turbine Composite Materials Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Exel Composites
      2. Gurit Holding AG
      3. Hexcel Corporation
      4. Reliance Industries Limited
      5. Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
      6. Molded Fiber Glass Companies
      7. Siemens AG
      8. Teijin Limited
      9. Toray Industries, Inc
      10. TPI Corporation
      11. Vestas
  7. Analyst Views
  8. Future Outlook of the Market