Core Material for Wind Blade Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 7.8% from 2026 to 2033.
The global core material market for wind blades was valued at approximately USD 1.6 billion in 2023 and is projected to reach USD 3.0 billion by 2028, growing at a compound annual growth rate (CAGR) of 13.5% during this period. This growth is driven by the increasing adoption of renewable energy sources worldwide, with wind energy playing a pivotal role in the transition to sustainable power generation. The demand for lightweight, high strength materials in wind turbine blades is escalating, leading to significant advancements and investments in core materials such as balsa wood, polyethylene terephthalate (PET), and polyvinyl chloride (PVC) foams.
Regionally, Asia Pacific dominates the core material market for wind blades, accounting for over 38% of the global market share in 2023. This prominence is attributed to substantial wind energy installations in countries like China and India, supported by favorable government policies and increasing energy demands. Europe follows closely, with the wind turbine blade repair material market in this region expected to grow at a CAGR of more than 12.6% from 2024 to 2032, reflecting the regions commitment to renewable energy and the maintenance of existing wind farms. North America also presents significant opportunities, driven by technological advancements and increasing investments in wind energy infrastructure. The collective global emphasis on reducing carbon emissions and achieving energy security continues to propel the demand for efficient and durable core materials in wind blade manufacturing.
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Diab Group
Maricell
Changzhou Tiansheng New Materials Co.
Ltd.
LUOYANG KEBOS NEW MATERIAL TECHNOLOGY CO.
LTD(Longhua Technology Group Co.
Ltd.)
YOUWEI NEW MATERIALS
Sicomin
3A Composites Group(Schweiter Technologies)
CoreLite
CHANGYOU TECHNOLOGY
JIANGSU BOS CARBON FIBER TECHNOLOGY CO.
LTD.
Nmg Composites Co.
Ltd.
Dong Ying Huixinherui New materials Limited company
ZHEJIANG HENGYIDA COMPOSITE MATERIALS CO.
LTD.
Gurit
Carbon-Core Corp
I-Core Composites LLC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Core Material for Wind Blade Market
Fiberglass Composites
Carbon Fiber Composites
Small Blades (< 50 meters)
Medium Blades (50-70 meters)
Large Blades (> 70 meters)
Hand Layup
Filament Winding
Resin Transfer Molding (RTM)
Vacuum Infusion
Onshore Wind Farms
Offshore Wind Farms
Conventional Blade Technology
Advanced Blade Shell Designs
Smart Blades (integrated sensors)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Core Material for Wind Blade Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Core Material for Wind Blade Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Core Material for Wind Blade Market, By Type
6. Global Core Material for Wind Blade Market, By Application
7. Global Core Material for Wind Blade Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Core Material for Wind Blade Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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