Wind Turbine Composite Materials - Global Strategic Business Report

The global market for Wind Turbine Composite Materials was valued at US$15.5 Billion in 2024 and is projected to reach US$22.9 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Wind Turbine Composite Materials market.

Global Wind Turbine Composite Materials Market - Key Trends & Drivers Summarized

What Makes Composite Materials Essential for Modern Wind Turbines?

The wind energy sector has witnessed a transformational shift in recent years, with the demand for high-efficiency, lightweight, and durable materials for wind turbine components growing exponentially. Among these, composite materials have emerged as the backbone of wind turbine innovation, allowing for the construction of larger, stronger, and more resilient turbine blades. Traditional materials such as steel and aluminum no longer meet the requirements for modern wind energy infrastructure, especially with the increasing push towards larger rotor diameters and offshore wind installations. The ability of composite materials to provide higher strength-to-weight ratios, superior fatigue resistance, and corrosion resistance has positioned them as an indispensable component in wind turbine manufacturing. Additionally, the rapid advancements in fiber-reinforced composites, including glass fiber-reinforced plastics (GFRP), carbon fiber composites, and hybrid composites, have further enhanced the efficiency and reliability of wind turbines. As wind energy projects continue to expand across onshore and offshore locations, composite materials play a critical role in meeting the operational demands and lifecycle expectations of modern wind turbines.

How Are Advancements in Material Science Shaping the Wind Energy Sector?

The integration of advanced material technologies has been a game-changer for the wind turbine composite materials market, leading to stronger, lighter, and more cost-effective solutions. One of the most significant innovations has been the adoption of hybrid composites, where carbon fiber and glass fiber materials are strategically combined to achieve optimal performance characteristics. Carbon fiber, known for its high tensile strength and rigidity, is increasingly being used in large offshore wind turbines to minimize blade deflection and increase energy capture. However, due to its higher production costs, manufacturers often blend carbon fibers with more affordable glass fibers to balance cost-efficiency and structural performance. Another groundbreaking trend in material innovation is the development of self-healing composites, which integrate microcapsules filled with healing agents to automatically repair microcracks that develop due to fatigue stress. Furthermore, the introduction of thermoplastic composites, which offer superior recyclability and moldability, is gaining traction as manufacturers aim to make wind turbine blades more sustainable and environmentally friendly. As global wind energy capacity continues to rise, the role of advanced composite technologies in enhancing turbine longevity, performance, and sustainability remains more crucial than ever.

Can Composite Materials Keep Up With the Demands of the Expanding Offshore Wind Market?

The rise of offshore wind farms has been a major catalyst in driving demand for wind turbine composite materials, as offshore turbines require stronger, more durable, and corrosion-resistant components compared to their onshore counterparts. Offshore wind projects are increasingly moving towards deeper waters, where fixed-bottom turbines are no longer feasible, leading to the growth of floating wind farms. This shift necessitates the use of lightweight yet high-strength composite materials that can endure harsh marine environments, intense wind speeds, and constant exposure to saltwater. The need for extreme durability and longevity in offshore wind turbines has prompted manufacturers to develop new-generation composite materials that offer higher fatigue resistance, improved hydrophobic properties, and enhanced UV protection. Additionally, modular blade designs made from composite materials are gaining popularity, enabling easier transportation, assembly, and maintenance of offshore turbines. The offshore wind industry’s focus on developing next-generation turbine technologies has also led to increased investments in automated manufacturing processes, such as resin transfer molding (RTM), automated fiber placement (AFP), and vacuum-assisted resin infusion technologies, which ensure higher precision, reduced material waste, and faster production cycles. With offshore wind energy poised to play a dominant role in global renewable energy expansion, the demand for specialized, high-performance composites will continue to rise.

What Are the Key Drivers Fueling the Growth of the Wind Turbine Composite Materials Market?

The growth in the wind turbine composite materials market is driven by several factors, primarily linked to technological advancements, evolving end-use requirements, and shifting market dynamics. One of the biggest growth drivers is the rising global wind energy capacity, with governments and private investors heavily funding the expansion of onshore and offshore wind farms. As countries set ambitious renewable energy targets, the demand for larger, more efficient wind turbines - and, consequently, high-performance composite materials - continues to escalate. The increasing adoption of longer turbine blades, now exceeding 100 meters in length, has made it essential to use lightweight, high-strength composites that can sustain extended operational lifespans without compromising structural integrity. Additionally, the advancement of automated composite manufacturing techniques, such as 3D printing of composite components, AI-driven quality control, and robotic assembly, is driving production efficiency and cost reduction. The emergence of floating offshore wind technology is another critical driver, requiring composites with superior flexibility, impact resistance, and buoyancy properties. Furthermore, the industry’s growing emphasis on sustainability and recyclability has led to increased investment in bio-based and recyclable thermoplastic composites, aligning with global environmental goals. As energy providers and turbine manufacturers seek more cost-effective, durable, and environmentally sustainable solutions, the demand for next-generation composite materials in the wind energy sector is expected to surge in the coming years.

Report Scope

The report analyzes the Wind Turbine Composite Materials market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Material (Glass Fiber Compposite Material, Carbon Fiber Compposite Material, Other Materials); Application (Blades Application, Nacelles Application, Other Applications).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Glass Fiber Composite Material segment, which is expected to reach US$12.7 Billion by 2030 with a CAGR of a 6.6%. The Carbon Fiber Composite Material segment is also set to grow at 7.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.6 Billion in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $5.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Wind Turbine Composite Materials Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Wind Turbine Composite Materials Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Wind Turbine Composite Materials Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Gurmit Holding AG, LM Wind Power, Molded Fiber Glass Companies, Teijin Limited, Toray Industries, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 31 companies featured in this Wind Turbine Composite Materials market report include:

• Gurmit Holding AG
• LM Wind Power
• Molded Fiber Glass Companies
• Teijin Limited
• Toray Industries, Inc.
• TPI Composites, Inc.
• Vestas Wind Systems A/S
• Siemens Gamesa Renewable Energy, S.A.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry