Global Wind Turbine Composites Market Size & Outlook
Global wind turbine composites market, 2018-2030 (US$M)
Related Markets
Global wind turbine composites market highlights
- The global wind turbine composites market generated a revenue of USD 14,197.6 million in 2024 and is expected to reach USD 23,291.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 8.6% by 2030.
- In terms of segment, glass fiber accounted for a revenue of USD 11,117.3 million in 2024.
- Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 14,197.6 million |
| Market revenue in 2030 | USD 23,291.4 million |
| Growth rate | 8.6% (CAGR from 2025 to 2030) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Fiber, Carbon Fiber |
Other key industry trends
- In terms of revenue, the North America accounted for 23.2% of the global wind turbine composites market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 365.6 million by 2030.
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Wind Turbine Composites Market Scope
Wind Turbine Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hexcel Corporation | View profile | 10001+ | Stamford, Connecticut, United States, North America | http://hexcel.com |
| Vestas | View profile | 10001+ | Aarhus, Midtjylland, Denmark, Europe | http://www.vestas.com |
| Siemens Gamesa Renewable Energy | View profile | 10001+ | Zamudio, Pais Vasco, Spain, Europe | https://www.siemensgamesa.com/en-int |
| LM Wind Power | View profile | 5001-10000 | Kolding, Syddanmark, Denmark, Europe | http://www.lmwindpower.com/ |
| Owens Corning | View profile | 10001+ | Toledo, Ohio, United States, North America | http://www.owenscorning.com/ |
| Suzlon Energy | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://suzlon.com/ |
| TPI Composites Inc | View profile | 12300 | 9200 East Pima Center Parkway, Suite 250, Scottsdale, AZ, United States, 85258 | https://www.tpicomposites.com |
| Gurit | View profile | 5001-10000 | Zürich, Zurich, Switzerland, Europe | http://www.gurit.com/ |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
Global wind turbine composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wind turbine composites market will help companies and investors design strategic landscapes.
Glass fiber was the largest segment with a revenue share of 78.3% in 2024. Horizon Databook has segmented the Global wind turbine composites market based on glass fiber, carbon fiber covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Wind Turbine Composites Fiber Type Outlook (Revenue, USD Million, 2018-2030)
- Glass Fiber
- Carbon Fiber
- Others
- Global Wind Turbine Composites Application Outlook (Revenue, USD Million, 2018-2030)
- Blades
- Nacelles
- Others
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Our clientele includes a mix of wind turbine composites market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wind turbine composites market , including forecasts for subscribers. This global databook contains high-level insights into Global wind turbine composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global wind turbine composites market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wind turbine composites market size, 2024 (US$M)
Global wind turbine composites market share, by fiber type, 2024 & 2030 (%, US$M)
Wind turbine composites market: Opportunity assessment by country
Global wind turbine composites market, by region, 2024 (US$M)
Related statistics
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