Asia Pacific Wind Turbine Composites Market Size & Outlook
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Asia Pacific wind turbine composites market highlights
- The Asia Pacific wind turbine composites market generated a revenue of USD 4,508.8 million in 2024.
- The market is expected to grow at a CAGR of 9% from 2025 to 2030.
- In terms of segment, glass fiber was the largest revenue generating fiber type in 2024.
- Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 4,508.8 million |
| Market revenue in 2030 | USD 7,576.0 million |
| Growth rate | 9% (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, Asia Pacific region accounted for 31.8% of the global wind turbine composites market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,576.0 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 |
Asia Pacific 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 78.62% in 2024. Horizon Databook has segmented the Asia Pacific wind turbine composites market based on glass fiber, carbon fiber covering the revenue growth of each sub-segment from 2018 to 2030.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wind turbine composites market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wind turbine composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wind turbine composites market size, by country, 2018-2030 (US$M)
Asia Pacific Wind Turbine Composites Market Outlook Share, 2024 & 2030 (US$M)
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