Wind Turbine Composite Materials Market Size 2034
Wind Turbine Composite Materials Market Growth, Size, Trends Analysis - By Fiber Type, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: CHEM25162 | Pages: 1 - 274 | Formats*: |
| Category : Chemical & Materials | |||
Wind Turbine Composite Materials Market Introduction and Overview
According to SPER Market Research, the Global Wind Turbine Composite Materials Market is estimated to reach USD 27.85 billion by 2034 with a CAGR of 6.73%.
The report includes an in-depth analysis of the Global Wind Turbine Composite Materials Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for composite materials used in wind turbines was valued at USD 14.52 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) exceeding 6.73% from 2025 to 2034. The wind turbine composite materials sector is experiencing substantial growth, propelled by the worldwide transition towards renewable energy sources and the rising demand for wind power generation. Composite materials such as fiberglass, carbon fiber, and resin systems are essential in the production of lightweight, durable, and efficient components for wind turbines.
By Fiber Type Insights:
The wind turbine composite materials market is divided by fiber type into glass fiber, carbon fiber, and others. In 2024, glass fiber led the market and is the fastest growing segment due to its strong performance, cost-effectiveness, and versatility. It offers high tensile strength, corrosion resistance, and is lightweight, making it suitable for wind turbine blades and nacelles. As there is a global focus on renewable energy, the need for longer and more durable blades is increasing, highlighting the importance of glass fiber-reinforced composites. Improvements in manufacturing technologies, such as vacuum infusion and automated fiber placement, have further encouraged the adoption of glass fiber due to its affordability compared to carbon fiber, particularly in emerging markets.
By Technology Insights:
The market is divided into segments based on technology, such as prepreg, vacuum injection moulding, manual lay-up, and others. Vacuum injection molding holds the largest market share in 2024 and is the fastest-growing segment because it produces high-quality, large-scale components efficiently. This technology is especially effective for making wind turbine blades, offering benefits like better resin penetration and lower material waste. Its versatility with different composite materials helps manufacturers meet the various needs of modern wind turbines, with the increasing focus on renewable energy supporting its growth.
By Application Insights:
The wind blades application is the fastest growing due to its crucial impact on the efficiency and energy output of turbines. Increased performance requirements in both onshore and offshore installations are driving a growing need for larger, lighter, and more robust blades. Glass fiber composites are popular for their strength and durability, further fueled by global renewable energy investments and innovation in the segment.
Regional Insights:
In 2024, the United States led the wind turbine composite materials market. The U.S. market is witnessing strong growth due to the country's increasing dedication to renewable energy and the shift towards a low-carbon economy. Furthermore, advancements in manufacturing technologies and the presence of domestic suppliers of composite materials have improved cost-effectiveness, facilitating the market's growth. The need for high-performance composite materials, which are required to build longer and more durable blades that can survive harsh climatic conditions, is also being driven by the emphasis on offshore wind generation, particularly along the East Coast.
Market Competitive Landscape:
Key players in the wind turbine composite materials market are continually working to achieve a competitive edge by implementing various strategies, including product innovation, mergers and acquisitions, and partnerships. Leading firms in the market for wind turbine composite materials are focussing on creating strong, lightweight composite materials to meet the growing need for effective and reasonably priced wind turbine blades. The wind turbine composite materials market is anticipated to experience significant growth in the forthcoming years, fueled by the rise in wind energy installations and technological advancements.
Recent Developments:
In October 2024, LM Wind Power achieved a milestone by producing a 77-meter wind turbine blade that features a carbon-Elium resin spar cap along with an advanced adhesive solution developed by Bostik, a subsidiary of Arkema. Notably, the blade utilized recycled Elium® resin in its shear web, showcasing the feasibility of a closed-loop recycling process for composite materials and reinforcing the company’s dedication to sustainable manufacturing.
In June 2023, Siemens Gamesa Renewable Energy unveiled the SG 7.0-170 wind turbine, the most recent model to join its 5.X platform. This turbine is engineered to provide optimized performance in both medium and high-wind conditions, reflecting the company’s strategic commitment to improving efficiency and energy output across various wind environments.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Fiber Type, By Technology, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | AOC Aliancys, Evonik Industries, Gurit Holding, Henkel, Hexcel Corporation, Hexion, Huntsman, Mitsubishi Chemical, Owens Corning, SABIC, SGL Carbon, Solvay. |
- Global Wind Turbine Composite Materials Market Size (FY 2021-FY 2034)
- Overview of Global Wind Turbine Composite Materials Market
- Segmentation of Global Wind Turbine Composite Materials Market By Fiber Type (Glass fiber, Carbon fiber, Others)
- Segmentation of Global Wind Turbine Composite Materials Market By Technology (Vacuum injection molding, Prepreg, Hand lay-up, Other)
- Segmentation of Global Wind Turbine Composite Materials Market By Application (Wind blades, Nacelles, Others)
- Statistical Snap of Global Wind Turbine Composite Materials Market
- Expansion Analysis of Global Wind Turbine Composite Materials Market
- Problems and Obstacles in Global Wind Turbine Composite Materials Market
- Competitive Landscape in the Global Wind Turbine Composite Materials Market
- Details on Current Investment in Global Wind Turbine Composite Materials Market
- Competitive Analysis of Global Wind Turbine Composite Materials Market
- Prominent Players in the Global Wind Turbine Composite Materials Market
- SWOT Analysis of Global Wind Turbine Composite Materials Market
- Global Wind Turbine Composite Materials Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Wind Turbine Composite Materials Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wind Turbine Composite Materials Market
7. Global Wind Turbine Composite Materials Market, By Fiber Type (USD Million) 2021-2034
- 7.1. Glass fiber
- 7.2. Carbon fiber
- 7.3. Others
8. Global Wind Turbine Composite Materials Market, By Technology (USD Million) 2021-2034
- 8.1. Vacuum injection molding
- 8.2. Prepreg
- 8.3. Hand lay-up
- 8.4. Other
9. Global Wind Turbine Composite Materials Market, By Application (USD Million) 2021-2034
- 9.1. Wind blades
- 9.2. Nacelles
- 9.3. Others
10. Global Wind Turbine Composite Materials Market, (USD Million) 2021-2034
- 10.1. Global Wind Turbine Composite Materials Market Size and Market Share
11. Global Wind Turbine Composite Materials Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. AOC Aliancys
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Evonik Industries
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Gurit Holding
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Henkel
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Hexcel Corporation
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Hexion
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Huntsman
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Mitsubishi Chemical
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Owens Corning
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. SABIC
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. SGL Carbon
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Solvay
- 12.12.1. Company details
- 12.12.2. Financial outlook
- 12.12.3. Product summary
- 12.12.4. Recent developments
- 12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Wind Turbine Composite Materials Market is projected to reach USD 27.85 billion by 2034, growing at a CAGR of of 6.73% during the forecast period.
Wind Turbine Composite Materials Market grew in Market size from 2025. The Market is expected to reach USD 27.85 billion by 2034, at a CAGR of 6.73% during the forecast period.
Wind Turbine Composite Materials Market CAGR of 6.73% during the forecast period.
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Wind Turbine Composite Materials Market size is USD 27.85 billion from 2025 to 2034.
Wind Turbine Composite Materials Market is covered By Fiber Type, By Technology, By Application
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Wind Turbine Composite Materials Market.
AOC Aliancys, Evonik Industries, Gurit Holding, Henkel, Hexcel Corporation, Hexion, Huntsman, Mitsubishi Chemical, Owens Corning, SABIC, SGL Carbon, Solvay.
The report includes an in-depth analysis of the Global Wind Turbine Composite Materials Market, including market size and trends, product mix, Applications, and supplier analysis.
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