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Wind Turbine Composites Market Size, Share, & Industry Analysis Report: By Fiber Type (Glass Fiber, Carbon Fiber, and Others), By Application, By Manufacturing Process, and By Region - Market Forecast, 2025-2034
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- Envision Group
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- Mingyang Smart Energy
- Nordex SE
- Sany Group
- Senvion S.A.
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LSH
The wind turbine composites market size is expected to reach USD 31.88 billion by 2034, according to a new study by Polaris Market Research. The report "Wind Turbine Composites Market Share, Size, & Industry Analysis Report: By Fiber Type (Glass Fiber, Carbon Fiber, and Others), By Application, By Manufacturing Process, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Wind turbine composites refer to engineered materials designed to improve the structural performance and efficiency of wind turbine components through lightweight construction and high durability. The increasing focus on manufacturing larger and more efficient turbine blades to maximize energy output further drives the market growth. This trend aligns directly with the core advantage of composites, which offer excellent strength-to-weight ratios, allowing for longer blades without compromising structural integrity. Manufacturers are relying more heavily on advanced composites to meet aerodynamic and mechanical performance standards as the demand for higher-capacity turbines grows.
The rising emphasis on sustainability and recyclability of composite materials further boosts the expansion opportunities. The industry is shifting toward greener alternatives that support circular economy principles with growing global awareness around the end-of-life management of wind turbine casting. Research and innovation are increasingly focused on developing bio-based resins and eco fiber systems, which reduce environmental impact and also align with long-term policy goals for sustainable energy. This trend is expected to redefine material selection and production methods in the wind energy value chain.
Wind Turbine Composites Market Report Highlights
In terms of fiber type, the glass fiber segment held the largest market share in 2024, primarily due to their economic advantages, superior durability, and versatile use in producing wind turbine blades.
Based on application, the nacelle segment is projected to experience the most rapid expansion in the coming years, given its vital function in housing and protecting key turbine elements such as gearboxes, generators, and braking systems.
In 2024, Asia Pacific accounted for the highest revenue share, driven by its robust manufacturing capabilities, supportive government policies, and accelerated implementation of wind energy installations across the region.
The North America wind turbine composites market is anticipated to report the fastest growth in the forecast period, fueled by increasing investments in renewable energy facilities and the ongoing shift toward sustainable electricity production.
A few global key market players include Dongfang Electric Corporation; Envision Group; Goldwind Science & Technology Co., Ltd.; Hexcel Corporation; LM Wind Power; Mingyang Smart Energy; Nordex SE; Sany Group; Senvion S.A.; Siemens Gamesa Renewable Energy, S.A.U.; Sinoma Science & Technology Co., Ltd.; Suzlon Energy Limited; TPI Composites; Vestas; and Zhejiang Windey Co., Ltd.
Polaris Market Research has segmented the wind turbine composites market report on the basis of fiber type, application, manufacturing process, and region:
By Fiber Type Outlook (Revenue, USD Billion, 2020-2034)
Glass Fiber
Carbon Fiber
Others
By Application Outlook (Revenue, USD Billion, 2020-2034)
Blades
Nacelles
Others
By Manufacturing Process Outlook (Revenue, USD Billion, 2020-2034)
Vacuum Injection Molding
Prepreg
Hand Lay-up
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Wind Turbine Composites Market Insights
- 4.1. Wind Turbine Composites Market - Market Snapshot
- 4.2. Wind Turbine Composites Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Global Shift Toward Renewable Energy
- 4.2.1.2. Advancements in Composite Materials Technology
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Cost of Composite Materials and Manufacturing
- 4.2.3. Public opinion and privacy legal precedents
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Wind Turbine Composites Market Trends
- 4.6. Value Chain Analysis
5. Global Wind Turbine Composites Market, by Fiber Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 5.3. Glass Fiber
- 5.3.1. Global Wind Turbine Composites Market, by Glass Fiber, by Region, 2020-2034 (USD Billion)
- 5.4. Carbon Fiber
- 5.4.1. Global Wind Turbine Composites Market, by Carbon Fiber, by Region, 2020-2034 (USD Billion)
- 5.5. Others
- 5.5.1. Global Wind Turbine Composites Market, by Others, by Region, 2020-2034 (USD Billion)
6. Global Wind Turbine Composites Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 6.3. Blades
- 6.3.1. Global Wind Turbine Composites Market, by Blades, by Region, 2020-2034 (USD Billion)
- 6.4. Nacelles
- 6.4.1. Global Wind Turbine Composites Market, by Nacelles, by Region, 2020-2034 (USD Billion)
- 6.5. Others
- 6.5.1. Global Wind Turbine Composites Market, by Others, by Region, 2020-2034 (USD Billion)
7. Global Wind Turbine Composites Market, by Manufacturing Process
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 7.3. Vacuum Injection Molding
- 7.3.1. Global Wind Turbine Composites Market, by Vacuum Injection Molding, by Region, 2020-2034 (USD Billion)
- 7.4. Prepreg
- 7.4.1. Global Wind Turbine Composites Market, by Prepreg, by Region, 2020-2034 (USD Billion)
- 7.5. Hand Lay-up
- 7.5.1. Global Wind Turbine Composites Market, by Hand Lay-up, by Region, 2020-2034 (USD Billion)
8. Global Wind Turbine Composites Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Wind Turbine Composites Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Wind Turbine Composites Market - North America
- 8.3.1. North America: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.3.3. North America: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.3.4. Wind Turbine Composites Market - US
- 8.3.4.1. US: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.3.4.2. US: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.3.4.3. US: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.3.5. Wind Turbine Composites Market - Canada
- 8.3.5.1. Canada: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4. Wind Turbine Composites Market - Europe
- 8.4.1. Europe: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.3. Europe: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.4. Wind Turbine Composites Market - UK
- 8.4.4.1. UK: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.5. Wind Turbine Composites Market - France
- 8.4.5.1. France: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.5.2. France: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.5.3. France: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.6. Wind Turbine Composites Market - Germany
- 8.4.6.1. Germany: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.7. Wind Turbine Composites Market - Italy
- 8.4.7.1. Italy: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.8. Wind Turbine Composites Market - Spain
- 8.4.8.1. Spain: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.9. Wind Turbine Composites Market - Netherlands
- 8.4.9.1. Netherlands: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.10. Wind Turbine Composites Market - Russia
- 8.4.10.1. Russia: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.4.11. Wind Turbine Composites Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5. Wind Turbine Composites Market - Asia Pacific
- 8.5.1. Asia Pacific: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.4. Wind Turbine Composites Market - China
- 8.5.4.1. China: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.4.2. China: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.4.3. China: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.5. Wind Turbine Composites Market - India
- 8.5.5.1. India: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.5.2. India: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.5.3. India: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.6. Wind Turbine Composites Market - Malaysia
- 8.5.6.1. Malaysia: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.7. Wind Turbine Composites Market - Japan
- 8.5.7.1. Japan: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.8. Wind Turbine Composites Market - Indonesia
- 8.5.8.1. Indonesia: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.9. Wind Turbine Composites Market - South Korea
- 8.5.9.1. South Korea: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.10. Wind Turbine Composites Market - Australia
- 8.5.10.1. Australia: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.5.11. Wind Turbine Composites Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6. Wind Turbine Composites Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6.4. Wind Turbine Composites Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6.5. Wind Turbine Composites Market - UAE
- 8.6.5.1. UAE: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6.6. Wind Turbine Composites Market - Israel
- 8.6.6.1. Israel: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6.7. Wind Turbine Composites Market - South Africa
- 8.6.7.1. South Africa: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.6.8. Wind Turbine Composites Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.7. Wind Turbine Composites Market - Latin America
- 8.7.1. Latin America: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.7.4. Wind Turbine Composites Market - Mexico
- 8.7.4.1. Mexico: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.7.5. Wind Turbine Composites Market - Brazil
- 8.7.5.1. Brazil: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.7.6. Wind Turbine Composites Market - Argentina
- 8.7.6.1. Argentina: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
- 8.7.7. Wind Turbine Composites Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Wind Turbine Composites Market, by Fiber Type, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Wind Turbine Composites Market, by Application, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Wind Turbine Composites Market, by Manufacturing Process, 2020-2034 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Dongfang Electric Corporation
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Envision Group
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Goldwind Science & Technology Co., Ltd.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Hexcel Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Lm Wind Power
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Mingyang Smart Energy
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Nordex SE
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Sany Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Senvion S.A.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Siemens Gamesa Renewable Energy, S.A.U.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Sinoma Science & Technology Co., Ltd.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Suzlon Energy Limited
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. TPI Composites
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Vestas
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Zhejiang Windey Co., Ltd.
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development