Wind Turbine Composites Market Booming Worldwide Demand, Growth and Future Scope 2025-2032 | Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG

Industry Overview

The Wind Turbine Composites Market sits at the core of renewable energy expansion, driven by materials innovation and turbine efficiency demands. This segment is pivotal in delivering lighter, stronger blades that enhance output and durability, in line with global decarbonization goals. Our market report offers data-backed market insights, in-depth market analysis, and forward-looking forecasts to support strategic business growth.

Market Size and Overview-

The Global Wind Turbine Composites Market size is estimated to be valued at USD 14.20 Bn in 2025 and is expected to reach USD 25.24 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2025 to 2032. This market forecast underlines expanding industry size and accelerating market revenue potential through 2032.

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Key Takeaways:
Region:

• North America: Mature onshore wind fleets driving steady composite blade upgrades.
• Latin America: Emerging wind corridors in Brazil and Chile fueling material demand.
• Europe: Offshore expansion in the North Sea boosting high-strength composite adoption.
• Asia Pacific: China and India's policy incentives propelling new blade manufacturing lines.
• Middle East: Pilot wind farms in UAE and Saudi Arabia unlocking regional market opportunities.
• Africa: South African grid projects and coastal wind zones opening nascent growth corridors.

Segment Covers:

By Material Type (market segments)
- Fiberglass: Cost-effective solution for onshore blades; 2024 volume exceeded 200 kt.
- Carbon Fiber: Lightweight, high-strength use in offshore turbines; 18% volume growth in 2024.
By Application
- Onshore Turbines: Accounted for ~70% composite consumption in 2025; example - U.S. Midwest farms.
- Offshore Turbines: Witnessed a 12% year-on-year uptake; example - North Sea 5 MW+ units.
By End-Use Industry
- Utility-Scale: Large-scale wind parks (e.g., Hornsea 3) driving blade orders and business growth.
- Distributed Generation: Small turbines for microgrids, telecom and rural electrification use cases.

Growth Factors:

• Offshore Capacity Surge: 7 GW of new offshore installations in 2024 drove a 14% rise in composite demand, a primary market driver.
• Resin Innovation: Next-gen epoxy and thermoset systems extended blade lifespan by 20% in recent turbine deployments.
• Policy Incentives: EU's Green Deal expansion and China's subsidy extension in 2025 reduced market restraints and spurred procurement.

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Market Trends:

• Carbon Fiber Shift: Offshore segment shipments up 18% in 2024 as OEMs target weight reduction.
• Recyclable Thermoplastics: Germany's circular economy pilots introduced thermoplastic blades, cutting waste by 30%.
• Digital Twin Manufacturing: Blade prototyping time declined by 30% in 2024, optimizing production cycles and reducing costs.

Actionable Insights:

• Production Capacity: Global composite blade capacity reached 1.2 Mt in 2024, a 9% increase YoY.
• Pricing Dynamics: Average composite pricing settled at USD 12.5/kg in 2025 after raw material cost drops.
• Exports & Imports: Asia Pacific exports to Europe rose 22% in 2024; North America composite imports climbed 15%.
• Use-Case Metrics: Micro-turbine blades for telecom towers consumed 5 kt in 2024; nano-resin additives improved electrical insulation by 25%.
• According to the latest Wind Turbine Composites Market report, total Wind Turbine Composites Market revenue reached USD 13.5 Bn in 2024, reflecting a 9% YoY increase.

Key Players:

• Toray Industries
• Cytec Industries Inc.
• Royal DSM
• Hexcel Corporation
• Gurit Holding AG
• Teijin Limited
• SGL Carbon
• Mitsubishi Chemical
• Jushi Group Co.
• Owens Corning
• Zoltek (Toray)
• Solvay SA
• Huntsman Corporation
• 3B Fibreglass
• DuPont

Competitive Strategies:

• Toray Industries partnered with Siemens Gamesa in 2024 to co-develop high-toughness carbon composites, yielding an 8% blade weight reduction and 5% output gain.
• Cytec Industries launched a novel epoxy resin line in Q1 2025, reducing curing time by 20% and cutting production costs by USD 0.5/kg.
• Royal DSM invested USD 50 Mn in a new prepreg facility in Belgium, boosting European output capacity by 15% in 2025.

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FAQs

1. Who are the dominant players in the Wind Turbine Composites Market?
Leading market players include Toray Industries, Cytec Industries, Royal DSM, Hexcel and Gurit, which together account for over 60% Wind Turbine Composites Market share in 2024.

2. What will be the size of the Wind Turbine Composites Market in the coming years?
Based on our market forecast, the market size will grow from USD 14.20 Bn in 2025 to approximately USD 25.24 Bn by 2032, driven by offshore capacity additions and material innovations.

3. Which end-use industry has the largest growth opportunity?
Utility-scale wind farms represent the largest growth segment, propelled by multi-GW offshore projects and onshore repowering initiatives boosting blade composite orders.

4. How will market development trends evolve over the next five years?
Expect continued Carbon Fiber adoption, emergence of recyclable thermoplastic blades, and digital twin manufacturing-core industry trends reshaping market dynamics and driving efficiency.

5. What is the nature of the competitive landscape and challenges in the Wind Turbine Composites Market?
The landscape is moderately consolidated, with top 5 firms holding majority industry share. Challenges include raw material price volatility, regulatory compliance on recyclability, and supply-chain localization.

6. What go-to-market strategies are commonly adopted in the Wind Turbine Composites Market?
Key strategies involve strategic partnerships with OEMs, vertical integration of resin and fiber production, and capacity expansions near major wind development hubs to optimize pricing and delivery.

✍️ Author of this marketing PR:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.

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