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    Wind Turbine Composites Market

    ID: MRFR/CnM/3570-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    Wind Turbine Composites Market Research Report By Material Type (Glass Fiber Reinforced Plastics, Carbon Fiber Reinforced Plastics, Thermoplastic Composites, Hybrid Composites), By Application (Blades, Nacelle, Tower, Drivetrain), By End Use (Onshore, Offshore), By Manufacturing Process (Hand Lay-Up, Vacuum Infusion, Resin Transfer Molding, Pultrusion) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Wind Turbine Composites Market Research Report - Global Forecast to 2035 Infographic
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    Summary Table of Contents Segmentation Infographic

    Wind Turbine Composites Market Summary

    As per Market Research Future Analysis, the Global Wind Turbine Composites Market is experiencing significant growth driven by the increasing demand for renewable energy solutions and advancements in composite materials technology. The market was valued at 9.23 USD Billion in 2023 and is projected to reach 20.3 USD Billion by 2035, reflecting a CAGR of 6.79% from 2025 to 2035. Key players are focusing on developing advanced composite materials to enhance turbine efficiency and durability, supported by government policies promoting renewable energy investments.

    Key Market Trends & Highlights

    The Wind Turbine Composites Market is characterized by several key trends.

    • Market Size in 2023: USD 9.23 Billion; Expected to reach USD 20.3 Billion by 2035.
    • CAGR from 2025 to 2035: 6.79%; driven by demand for cleaner energy alternatives.
    • Major Material Types: Glass Fiber Reinforced Plastics valued at USD 3.9 Billion in 2024; Carbon Fiber Reinforced Plastics at USD 2.7 Billion.
    • Government support includes subsidies and tax incentives, enhancing investor confidence.

    Market Size & Forecast

    2023 Market Size USD 9.23 Billion
    2024 Market Size USD 9.86 Billion
    2035 Market Size USD 20.3 Billion

    Major Players

    Key players include Teijin Limited, Nordex, Siemens Gamesa, GE Renewable Energy, and Vestas Wind Systems.

    Wind Turbine Composites Market Trends

    Additionally, the sharing of expertise and the acceleration of product development are facilitated by strategic collaborations between wind turbine manufacturers and material suppliers. The  emphasis on the reduction of carbon emissions is consistent with the demand for more efficient and durable wind energy solutions. Technological innovation and sustainability will become increasingly important in order to guarantee the industry's long-term sustainability as the wind turbine composites market develops.

    The increasing emphasis on renewable energy sources is driving innovation in composite materials for wind turbines, which are essential for enhancing efficiency and reducing costs in the wind energy sector.

    U.S. Department of Energy

    Wind Turbine Composites Market Drivers

    Growing Demand for Renewable Energy

    The increasing global emphasis on renewable energy sources drives the Global Wind Turbine Composites Market Industry. As nations strive to meet climate goals, the demand for wind energy is projected to rise significantly. In 2024, the market is valued at approximately 9.86 USD Billion, reflecting a robust investment in wind energy infrastructure. Countries like Germany and the United States are leading in wind energy production, contributing to the global shift towards sustainable energy solutions. This trend is expected to bolster the composites market, as advanced materials are essential for enhancing turbine efficiency and durability.

    Market Segment Insights

    Wind Turbine Composites Market Segment Insights

    Wind Turbine Composites Market Segment Insights

    Wind Turbine Composites Market Material Type Insights

    Wind Turbine Composites Market Material Type Insights

    The  Wind Turbine Composites Market, focusing on the Material Type segment, demonstrates strong relevance and growth potential, driven by the increasing demand for sustainable energy solutions. The overall valuation of the sector was reported at 9.86 USD billion in 2024 and is expected to rise significantly to 20.3 USD billion by 2035. Within this segment, Glass Fiber Reinforced Plastics represent a major portion of the market, valued at 4.93 USD Billion in 2024, and projected to reach 10.12 USD Billion by 2035.

    This dominance is attributed to the material’s excellent mechanical properties, cost-effectiveness, and high strength-to-weight ratio, making it ideal for turbine blades and other structural components. Additionally, Carbon Fiber Reinforced Plastics, valued at 2.43 USD Billion in 2024 and estimated to expand to 5.06 USD Billion in 2035, are gaining traction due to their superior stiffness and lightweight characteristics, which enhance the efficiency and performance of wind turbines.

    Moreover, Thermoplastic Composites, initially valued at 1.83 USD Billion in 2024, are expected to grow to 3.78 USD Billion by 2035, presenting a vital segment with their recyclability and quick fabrication advantages. They provide manufacturers with solutions for reducing production time and improving sustainability practices within the industry. Hybrid Composites, though smaller with a valuation of 0.67 USD Billion in 2024, are projected to increase to 1.44 USD Billion by 2035, highlighting their unique ability to combine the strengths of different materials, which is becoming increasingly important in the face of evolving engineering challenges.

    Market trends indicate a shift towards higher-performance materials as turbine designs are optimized for larger and more efficient blades to harness wind energy more effectively. The ongoing  transition to renewable energy sources, supported by government initiatives and regulations, further drives the demand across all material types for wind turbine composites. As the market moves towards a more sustainable future, manufacturers are likely to explore innovative composite solutions that enhance the durability and efficiency of wind turbines while addressing environmental concerns.

    Wind Turbine Composites Market Application Insights

    Wind Turbine Composites Market Application Insights

    The  Wind Turbine Composites Market is segmented by Application into several key categories, namely Blades, Nacelle, Tower, and Drivetrain. As of 2024, the market is expected to be valued at 9.86 USD billion, reflecting the accelerating demand for wind energy solutions worldwide. The Blades segment plays a critical role, as they are essential for capturing wind energy efficiently and are increasingly being designed with advanced composite materials to enhance durability and performance.

    The Nacelle houses pivotal components such as the gearbox and generator, and its significance in overall turbine efficiency cannot be overstated, particularly as technology evolves.Towers, serving as the primary support structure, are also evolving with lightweight materials, which positively impacts installation and transportation costs. Lastly, the Drivetrain segment is pivotal for optimal energy conversion and is witnessing advancements in materials that improve reliability and efficiency. The emphasis on sustainable energy alternatives ly drives growth in these Application segments, making them vital for the advancement of the renewable energy sector.

    Wind Turbine Composites Market End Use Insights

    Wind Turbine Composites Market End Use Insights

    The  Wind Turbine Composites Market, projected to be valued at 9.86 USD billion in 2024, demonstrates a diverse set of applications primarily categorized under End Use, specifically Onshore and Offshore installations. The Onshore segment has garnered significant attention due to its faster deployment and lower capital cost, making it a preferred choice in regions with abundant land and wind resources.

    Meanwhile, the Offshore segment is increasingly recognized for its potential to harness stronger winds and establish larger turbines in deep-water locations, which are likely to contribute to growing  Wind Turbine Composites Market revenue.Both segments are vital to meeting the rising demand for renewable energy sources and fulfilling government objectives aimed at lowering carbon emissions. The market is experiencing considerable growth driven by technological advancements in composite materials that enhance efficiency and durability. However, challenges persist, such as the high initial investments associated with Offshore wind farms and navigating regulatory environments.

    Overall, the  Wind Turbine Composites Market statistics reveal a balanced yet competitive landscape where both Onshore and Offshore installations play crucial roles in shaping the industry.

    Wind Turbine Composites Market Manufacturing Process Insights

    Wind Turbine Composites Market Manufacturing Process Insights

    The  Wind Turbine Composites Market, focusing on the Manufacturing Process segment, has seen significant developments aimed at meeting the rising demand for efficient, durable, and lightweight materials in wind turbine production. In 2024, the overall market is valued at 9.86 USD billion, reflecting a strong inclination toward innovations within the industry.

    The Manufacturing Process includes techniques like Hand Lay-Up, Vacuum Infusion, Resin Transfer Molding, and Pultrusion, each playing a pivotal role in shaping the characteristics of wind turbine blades.Hand Lay-Up is often favored for its simplicity and cost-effectiveness, while Vacuum Infusion offers advantages in terms of material consistency and reduced waste. Resin Transfer Molding is appreciated for its capability to produce complex shapes at faster rates, making it a preferred choice for modern turbine designs. Meanwhile, Pultrusion is crucial for creating continuous lengths of composite materials with high strength, contributing to the structural integrity of wind turbines.

    The  Wind Turbine Composites Market statistics reflect the robust growth trajectory driven by environmental policies and renewable energy initiatives ly, creating abundant opportunities for innovation and investments in these manufacturing processes.

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    Regional Insights

    The  Wind Turbine Composites Market exhibits a diverse landscape across various regions, with a total value of 9.86 USD billion in 2024. North America holds a significant position with an expected valuation of 2.5 USD Billion in 2024, rising to 5.15 USD billion by 2035, highlighting its majority holding in terms of market growth. Europe follows closely, valued at 3.5 USD Billion in 2024, and is anticipated to reach 7.1 USD billion by 2035, demonstrating its dominance driven by strong policies promoting renewable energy.

    The Asia Pacific region also contributes notably, with a valuation of 2.8 USD Billion in 2024 and expected growth to 5.6 USD billion in 2035, reflecting increasing investments in wind energy infrastructure.South America, while smaller, has a valuation of 0.75 USD billion in 2024, and is projected to double to 1.5 USD billion by 2035, underlining emerging market potential. The Middle East and Africa region, valued at 0.31 USD billion in 2024, is predicted to grow to 0.95 USD billion by 2035, indicating a growing interest in wind energy initiatives.

    Each region's growth is primarily driven by an increasing demand for clean energy solutions and government incentives aimed at enhancing the sustainability of power generation.

    Wind Turbine Composites Market Regional

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The  Wind Turbine Composites Market is characterized by a dynamic competitive landscape, driven by technological advancements and the increasing demand for renewable energy sources. As the world shifts towards greener energy solutions, the role of composite materials in wind turbine manufacturing becomes increasingly critical. Composites offer benefits such as lightweight properties, corrosion resistance, and superior strength, making them ideal for enhancing turbine efficiency and reliability. The market is witnessing participation from various companies, each aiming to expand their capabilities and market share through innovation and strategic collaborations.

    As renewable energy policies gain momentum ly, the market's competitive landscape intensifies with ongoing research and development efforts focused on improving composite materials used in wind turbines.Safran Helicopter Engines has carved out a niche within the  Wind Turbine Composites Market by leveraging its extensive experience in high-performance composite materials. The company is recognized for its strong engineering capabilities and commitment to innovation. Its strengths lie in developing environmentally friendly solutions that meet the rigorous demands of the wind energy sector.

    Through collaborations with leading turbine manufacturers and ongoing investments in advanced composite technology, Safran Helicopter Engines bolsters its market presence, offering products that align with the growing focus on sustainability. The company’s reputation for reliability and high performance further enhances its competitive position, enabling it to respond effectively to changing market dynamics.Suzlon Energy, a significant player in the  Wind Turbine Composites Market, focuses on providing comprehensive wind energy solutions through innovative products and services. The company offers a range of wind turbine systems utilizing advanced composite materials that optimize performance and durability.

    With a firm foothold in  markets, Suzlon Energy emphasizes the integration of sustainable practices in its operations and product offerings. Its strengths include a robust research and development framework that fuels ongoing innovation in composite technologies. Additionally, the company has pursued strategic mergers and acquisitions to expand its capabilities and enhance its market reach in the  wind energy sector. By prioritizing customer-centric solutions and maintaining a strong focus on sustainability, Suzlon Energy positions itself as a key contributor to the growth and evolution of the wind turbine composites landscape worldwide.

    Key Companies in the Wind Turbine Composites Market market include

    Industry Developments

    • Q2 2024: Siemens Gamesa inaugurates new wind turbine blade factory in Le Havre, France Siemens Gamesa officially opened its new offshore wind turbine blade manufacturing facility in Le Havre, France, marking the first such facility in the country and supporting the growing demand for advanced composite blades in the European offshore wind sector.
    • Q2 2024: Vestas launches next-generation modular composite blade platform Vestas announced the launch of a new modular composite blade platform designed to enable longer blades and faster production cycles, leveraging advanced carbon and glass fiber composites for improved performance and recyclability.
    • Q3 2024: LM Wind Power opens expanded composite blade R&D center in Denmark LM Wind Power, a GE Vernova business, inaugurated an expanded research and development center in Denmark focused on next-generation composite materials and blade designs for both onshore and offshore wind turbines.
    • Q3 2024: Hexcel signs multi-year supply agreement with Nordex for advanced wind turbine composites Hexcel Corporation entered into a multi-year agreement to supply Nordex Group with advanced composite materials for wind turbine blades, supporting Nordex’s global manufacturing operations and new turbine models.
    • Q4 2024: Owens Corning announces $150 million investment in new glass fiber plant for wind energy composites Owens Corning revealed plans to build a new glass fiber manufacturing facility in the United States dedicated to supplying the wind turbine composites market, with production expected to begin in 2026.
    • Q4 2024: Toray Industries expands carbon fiber production capacity for wind turbine applications Toray Industries announced a significant expansion of its carbon fiber production lines in Japan and Europe to meet rising demand from wind turbine blade manufacturers, citing strong growth in offshore wind projects.
    • Q1 2025: Siemens Gamesa secures major contract to supply recyclable composite blades for UK offshore wind farm Siemens Gamesa signed a contract to deliver its RecyclableBlade composite technology for a new offshore wind project in the UK, marking the largest deployment of recyclable wind turbine blades to date.
    • Q1 2025: SGL Carbon and Goldwind announce partnership for next-generation carbon composite wind blades SGL Carbon and Goldwind entered a strategic partnership to co-develop and commercialize advanced carbon composite materials for use in Goldwind’s next-generation wind turbine blades.
    • Q2 2025: TPI Composites wins multi-year supply contract with Envision Energy TPI Composites secured a multi-year contract to supply composite wind turbine blades to Envision Energy, supporting Envision’s global wind project pipeline and expansion into new markets.
    • Q2 2025: GE Vernova launches pilot program for thermoplastic composite wind blades GE Vernova announced the launch of a pilot program to manufacture and test thermoplastic composite wind turbine blades, aiming to improve recyclability and reduce lifecycle emissions.
    • Q3 2025: Aramco invests in composite materials startup for wind turbine applications Saudi Aramco made a strategic investment in a European startup specializing in advanced composite materials for wind turbine blades, supporting innovation in lightweight, high-strength blade technologies.
    • Q3 2025: BASF and Suzlon partner to develop bio-based epoxy resins for wind turbine composites BASF and Suzlon announced a partnership to co-develop and commercialize bio-based epoxy resin systems for use in wind turbine composite blades, targeting improved sustainability and reduced carbon footprint.

    Future Outlook

    Wind Turbine Composites Market Future Outlook

    The Wind Turbine Composites Market is projected to grow at a 6.79% CAGR from 2024 to 2035, driven by advancements in material technology, increasing demand for renewable energy, and government incentives.

    New opportunities lie in:

    • Develop lightweight composite materials to enhance turbine efficiency and reduce costs.
    • Invest in recycling technologies for composite materials to address sustainability concerns.
    • Expand into emerging markets with tailored composite solutions for local wind energy projects.

    By 2035, the Wind Turbine Composites Market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Wind Turbine Composites Market End Use Outlook

    • Onshore
    • Offshore

    Wind Turbine Composites Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Wind Turbine Composites Market Application Outlook

    • Blades
    • Nacelle
    • Tower
    • Drivetrain

    Wind Turbine Composites Market Material Type Outlook

    • Glass Fiber Reinforced Plastics
    • Carbon Fiber Reinforced Plastics
    • Thermoplastic Composites
    • Hybrid Composites

    Wind Turbine Composites Market Manufacturing Process Outlook

    • Hand Lay-Up
    • Vacuum Infusion
    • Resin Transfer Molding
    • Pultrusion

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 9.23 (USD Billion)
    Market Size 2024 9.86 (USD Billion)
    Market Size 2035 20.3 (USD Billion)
    Compound Annual Growth Rate (CAGR) 6.79% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Safran Helicopter Engines, Suzlon Energy, Toray Industries, Hexcel Corporation, Nordex SE, BASF SE, Rohinni, TPI Composites, Sika AG, Vestas Wind Systems, RDI Composites, Mitsubishi Heavy Industries, Siemens Gamesa Renewable Energy, LM Wind Power, GE Renewable Energy
    Segments Covered Material Type, Application, End Use, Manufacturing Process, Regional
    Key Market Opportunities Increasing demand for renewable energy, Technological advancements in material science, Growth in offshore wind projects, Government incentives for green energy, and rising focus on lightweight composite materials
    Key Market Dynamics rising demand for renewable energy, technological advancements in materials, increasing wind farm installations, cost reduction strategies, government incentives, and policies
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What was the expected market size of the Wind Turbine Composites Market in 2024?

    The Wind Turbine Composites Market was valued at 9.86 USD billion in 2024.

    What is the projected market size for the Wind Turbine Composites Market by 2035?

    By 2035, the Wind Turbine Composites Market is projected to reach a value of 20.3 USD billion.

    What is the expected CAGR for the Wind Turbine Composites Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 6.79% from 2025 to 2035.

    Which region held the largest market share in the Wind Turbine Composites Market in 2024?

    In 2024, Europe held the largest market share, valued at approximately 3.5 USD billion.

    What was the value of the Wind Turbine Composites Market in North America for 2024?

    The North American market for Wind Turbine Composites was valued at 2.5 USD Billion in 2024.

    Who are the key players in the Wind Turbine Composites Market?

    Key players include Safran Helicopter Engines, Vestas Wind Systems, Siemens Gamesa Renewable Energy, and TPI Composites, among others.

    What segment is expected to have significant growth by 2035 within the Wind Turbine Composites Market?

    The Glass Fiber Reinforced Plastics segment is expected to grow significantly, reaching 10.12 USD billion by 2035.

    What is the projected market value for Carbon Fiber Reinforced Plastics in 2035?

    By 2035, the market value for Carbon Fiber Reinforced Plastics is projected to reach 5.06 USD billion.

    How do current economic conditions affect the Wind Turbine Composites Market?

    economic conditions can potentially influence supply chain dynamics and investment levels in the Wind Turbine Composites Market.

    What are the expected market values for the Thermoplastic Composites segment in 2024 and 2035?

    The Thermoplastic Composites segment is expected to be valued at 1.83 USD billion in 2024 and 3.78 USD billion in 2035.

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