Wind Blade Composites Market: Cost, Price, Revenue Analysis Industry Chain Report 2025

The Wind Blade Composites industry is witnessing steady growth driven by the global shift toward renewable energy. Increasing wind energy installations and demand for lightweight, durable materials are fueling innovation. Key companies such as LM Wind Power, TPI Composites, and Siemens Gamesa are investing in advanced composite technologies to enhance performance and reduce lifecycle costs.
The wind blade composites market is projected to grow from USD 13.28 billion in 2025 to USD 21.87 billion by 2030, at a CAGR of 10.5% during the forecast period. The report provides key insights about wind blade composites market drivers [https://www.marketsandmarkets.com/Market-Reports/wind-blade-composites-market-247574863.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=windbladecomposites], restraints, opportunities, new product launches or approvals. The wind blade composites market is driven by several key factors, including the increasing global demand for renewable energy, supportive government policies advancing sustainable energy solutions, and significant advancements in material technology. The primary materials used in wind blade composites are glass fiber reinforced polymers and carbon fiber composites, which exhibit outstanding properties such as high strength-to-weight ratios, fatigue resistance, corrosion resistance, design flexibility, thermal stability, and low maintenance requirements, making them the preferred choice for wind blade manufacturing. Furthermore, innovations in manufacturing technologies-such as the implementation of 3D printing, advanced molding techniques, and robotic layup processes-have streamlined production, enhanced quality, and reduced costs. These advancements enable the creation of more complex and aerodynamic blade shapes, leading to improved energy capture and overall efficiency.

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Glass fiber segment dominated wind blade composites market, in terms of value, in 2024

Glass fiber is a predominant material in the wind blade composites market, largely due to its optimal combination of strength, durability, and cost-effectiveness. This material exhibits exceptional mechanical properties, notably a high strength-to-weight ratio, which is critical for the production of large, lightweight, and resilient wind turbine blades. These blades are designed to endure operational stresses and harsh environmental conditions. The cost-effectiveness of glass fiber is particularly significant in the wind energy sector, where large-scale production and economic viability are paramount. Additionally, glass fiber offers excellent chemical resistance, stiffness, and fatigue resistance, contributing to extended service life and minimizing maintenance requirements for wind blades. Its compatibility with various resin systems and well-established manufacturing processes facilitates the fabrication of complex aerodynamic shapes, optimizing blade performance and maximizing energy output.

Epoxy segment accounted for largest share of wind blade composites market, in terms of value, in 2024

Epoxy resin dominates the market within the resin type category due to its exceptional mechanical strength and adhesive properties. As the integral matrix material, it effectively binds reinforcing fibers-commonly glass or carbon fibers-thereby ensuring structural integrity and efficient load transfer throughout the blade. The high strength, stiffness, and resilient nature of epoxy resins provide crucial protection against environmental factors such as moisture, UV radiation, and temperature fluctuations, all vital for the durability of wind blades subjected to demanding outdoor conditions. Furthermore, the chemical versatility of epoxy resins facilitates customized curing processes and enhanced toughness, significantly improving the blades' fatigue resistance and overall performance.

Blade size over 50 meters to register highest CAGR in wind blade composites market during forecast period

The segment of wind blades exceeding 50 meters in length is anticipated to register the highest CAGR in the wind blade composites market. This growth is driven by the industry's emphasis on enhancing energy efficiency and the imperative to optimize power output from wind turbines. Longer blades are capable of sweeping a larger surface area, enabling them to capture a greater volume of wind, which directly translates to increased electricity generation. This ultimately enhances the overall efficiency and economic viability of wind energy projects. Moreover, advancements in composite technology, particularly incorporating carbon fiber in critical structural components and developing advanced resin systems, have facilitated the manufacturing of ultra-long blades. These innovations contribute to elevated energy yields and lower the cost associated with wind power generation.

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Offshore wind turbines segment to register highest CAGR in wind blade composites market during forecast period

The offshore wind turbine sector is poised to experience the highest growth rate within the wind blade composites market. This sector is undergoing rapid expansion, with global capacity additions projected to escalate from 16 GW in 2025 to 34 GW by 2030, capturing a larger share of new wind installations globally. Consequently, there is a heightened demand for efficient and visually appealing offshore wind turbines aimed at large-scale renewable energy production. Significant investments in offshore wind energy projects in nations such as Germany, the Netherlands, Denmark, and Belgium necessitate the development of larger and more resilient wind turbine blades. These blades must incorporate advanced composite materials to endure the demanding marine conditions prevalent in saltwater environments, including corrosion, high humidity, and severe weather phenomena.

Asia Pacific accounted for largest share of wind blade composites market in terms of value and volume in 2024

In 2024, the Asia Pacific region represented the largest market share, primarily driven by rapid advancements in its renewable energy sector, particularly in wind power. Significant investments in wind energy infrastructure by countries such as China, India, and Japan aim to address increasing energy demands and meet sustainability objectives. Leading manufacturers, including Teijin Limited, China National Building Material Group Corporation, China Jushi Co., Ltd., and Toray Industries, Inc., are establishing production facilities in developing nations to leverage cost advantages, access to skilled labor, and proximity to local and international markets. This region also enjoys the benefit of abundant raw materials, efficient manufacturing processes, and supportive government policies and incentives, which collectively enhance the production and integration of composite materials for wind blades. Furthermore, recent innovations in China have led to the development of a method for recycling decommissioned wind turbine blades into asphalt mixtures for road construction.

Wind Blade Composites Companies [https://www.marketsandmarkets.com/ResearchInsight/wind-blade-composites-companies.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=windbladecomposites]

Prominent companies in this market include China Jushi Co., Ltd. (China), DowAksa (Turkey), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Gurit Services AG (Switzerland), China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), Rochling (Germany), Exel Composites (Finland), Evonik (Germany), Arkema (France), Owens Corning (US), Exxon Mobil (US), and Huntsman (US).

Exxon Mobil Corporation (US)

Exxon Mobil Corporation is a leading global energy company that was formed through the merger of Exxon and Mobil. As one of the world's largest publicly traded oil and gas companies, Exxon Mobil Corporation is engaged in the exploration, production, refining, and distribution of petroleum and natural gas, as well as the manufacturing of petrochemicals. Its operations are divided into three main segments: Upstream, which focuses on the exploration and extraction of crude oil and natural gas; Downstream, which handles refining and marketing of fuels and lubricants; and Chemical, which produces a wide range of petrochemical products used in industrial and consumer applications. Under its Chemical segment, the company offers advanced resin systems, such as Proxxima, for lighter, more durable wind blades with a lower carbon footprint and improved manufacturing efficiency.

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Evonik (Germany)

Evonik is a large global specialty chemicals firm based in Essen, Germany. The company was founded in 2007 as part of RAG-Stiftung's restructuring and has since become a major participant in the international chemical sector. Evonik specializes in high-performance materials and specialized chemicals used in various industries, including automotive, pharmaceuticals, agriculture, nutrition, construction, and consumer goods. Evonik has numerous major business categories, including Specialty Additives, Nutrition & Care, Smart Materials, and Performance Materials. Its product portfolio comprises additives for coatings and paints, amino acids for animal nutrition, high-performance polymers, and personal care components. Geographically, Evonik has a strong global footprint, with operations in more than 100 countries across Europe, North America, Asia Pacific, and Latin America.

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