Wind Turbine Fiber Market size was valued at USD 15.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 30.6 Billion by 2033.
The global Wind Turbine Fiber Market was valued at USD 2.34 billion in 2022 and is projected to grow at a CAGR of 9.1% from 2022 to 2030. The rising demand for renewable energy, particularly wind energy, is driving the growth of fiber materials such as glass fiber and carbon fiber in wind turbine manufacturing. These fibers offer superior strength to weight ratios, enhancing turbine blade efficiency and durability. In 2022, glass fiber held the largest share of the market owing to its cost effectiveness and wide application in onshore wind turbines. Carbon fiber, while more expensive, is gaining traction due to its higher strength properties and growing use in offshore wind projects.
Regionally, Asia Pacific dominated the Wind Turbine Fiber Market in 2022, accounting for approximately 42% of the global revenue. This is largely attributed to aggressive wind power development strategies in China and India. Europe followed with a market share of about 31%, driven by substantial investments in offshore wind projects in countries like the UK, Germany, and Denmark. North America held around 18% share, benefiting from continued expansion of onshore wind farms in the United States. Latin America and the Middle East & Africa together accounted for less than 10% but represent emerging opportunities, especially in Brazil and South Africa, where wind energy initiatives are accelerating. Increased government incentives, technological advancements, and emphasis on energy transition are expected to unlock further opportunities across all regions during the forecast period.
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Hexcel Corporation
Huntsman Corporation
Toray Industries
Teijin Limited
Owens Corning
TPI Composites
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Suzlon Energy Limited
Vestas Wind Systems A/S
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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 Wind Turbine Fiber Market
Glass Fiber
Carbon Fiber
Aramid Fiber
Bamboo Fiber
Blades
Towers
Components
Maintenance and Repair Products
Pultrusion
Filament Winding
Vacuum Infusion
Resin Transfer Molding (RTM)
Onshore Wind Farms
Offshore Wind Farms
Utility-Scale Projects
Distributed Generation Projects
Longitudinal Reinforcement
Transverse Reinforcement
Hybrid Reinforcement
Sandwich Structures
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 Wind Turbine Fiber 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 Wind Turbine Fiber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Wind Turbine Fiber Market, By Type
6. Global Wind Turbine Fiber Market, By Application
7. Global Wind Turbine Fiber Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Wind Turbine Fiber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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