AUSTRALIA Wind Turbine Composites Market (2025-2030)
The AUSTRALIA Wind Turbine Composites Market was valued at $129 Million in 2025 and projected to reach to $193 Million by 2030, representing a compound annual growth rate of 8.4%. Australia's wind turbine composites market is experiencing robust growth fueled by the nation's ambitious renewable energy targets and substantial investments in wind infrastructure.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
AUSTRALIA Wind Turbine Composites Market Trends and Insights
- This growth trajectory reflects Australia's increasing investment in renewable energy infrastructure and the rising demand for lightweight, durable composite materials in wind turbine blade manufacturing.
- Australia's commitment to decarbonization and expanding offshore and onshore wind capacity is driving adoption of advanced composite solutions that enhance turbine efficiency and longevity. The Australian market benefits from favorable government policies supporting renewable energy transition and growing domestic manufacturing capabilities for composite components.
- Australia's geographic advantages for wind resource development, combined with technological advancements in fiber-reinforced polymers and resin systems, are accelerating market penetration.
- Between 2025 and 2030, Australia is expected to see heightened competition among composite suppliers and increased collaboration between local manufacturers and international technology providers to meet rising turbine production demands..
Key Market Statistics
- CAGR (2025-2030) 8.4% CAGR
- Market Size, 2025 ~USD 129 Million
- Forecast, 2030 ~USD 193 Million
- Country AUSTRALIA
AUSTRALIA Wind Turbine Composites Market Overview
Market Valuation :
Australia's wind turbine composites market is valued at USD 129.0 million in 2025, with strong growth momentum driven by renewable energy expansion across the continent.
Growth Trajectory :
The market is projected to reach USD 193.0 million by 2030, representing an 8.4% CAGR, outpacing global average growth and reflecting Australia's commitment to clean energy infrastructure.
Regional Significance :
As a critical segment within the Asia Pacific region, Australia's wind turbine composites market benefits from government renewable energy targets and increasing offshore wind development initiatives.
Material Demand Drivers :
Rising demand for lightweight, durable composite materials in turbine blade manufacturing is accelerating adoption, supported by Australia's expanding wind farm portfolio and technological advancements.
AUSTRALIA Wind Turbine Composites Market Dynamics
- The country's geographic advantages for wind generation, combined with government incentives and declining composite material costs, are creating favorable conditions for market expansion through 2030. The 8.4% CAGR reflects increasing adoption of advanced composite materials in both onshore and emerging offshore wind projects.
- Key drivers include the need for enhanced turbine efficiency, extended blade lifespans, and weight reduction.
- As Australia continues transitioning toward net-zero emissions, the wind turbine composites market is positioned to capture significant value from infrastructure modernization and new capacity installations..
Related Ecosystem
Fibers And Composites
- Polyetheretherketone (PEEK)
- Polyphenylene Sulfide (PPS)
- Epoxy Resin
- Polycarbonate
- Polyester Resin
- Toray Industries, Inc.
- Teijin Limited
- Sgl carbon se
- Hexcel Corporation
- Solvay sa
Key Takeaways
- Australia's wind turbine composites market is valued at USD 129.0 million in 2025 and will reach USD 193.0 million by 2030, growing at 8.4% CAGR.
- Australia's renewable energy policies and offshore wind expansion are primary drivers of composite material demand in the wind sector.
- Australia is developing domestic composite manufacturing capabilities to support local wind turbine production and reduce supply chain dependencies.
- Advanced fiber-reinforced polymer and resin technologies are becoming increasingly critical to Australia's competitive positioning in the regional wind energy market.
Wind Turbine Composites Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | OFFSHORE WIND TURBINES (Application) |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 10.3% from 2025 to 2030 |
| Largest Segment | ONSHORE WIND TURBINES (Application) |
| Market Size Base Year (Billions) | ~USD 17.67 (2025) |
| Revenue Forecast (Billions) | ~USD 28.85 (2030) |
| Segments Covered | Resin Type, Fiber Type, Manufacturing Process, Component, Application |
AUSTRALIA Wind Turbine Composites Market Report Segmentation
5 segment dimensions are covered across the global market.
By Resin Type
- Epoxy
- Other Resin Types
- Polyurethane
By Fiber Type
- Carbon Fiber
- Glass Fiber
- Other Fiber Types
By Manufacturing Process
- Filament Winding
- Other Manufacturing Processes
- Vartm/Vi
By Component
- Blades
- Nacelles
- Other Components
By Application
- Offshore Wind Turbines
- Onshore Wind Turbines
Target Audience
- Composite Material Manufacturers : Need Australia-specific demand forecasts and market sizing to plan production capacity, R&D investments, and distribution strategies for wind turbine composite products.
- Wind Energy Developers & Operators : Require insights into material availability, pricing trends, and supplier landscape in Australia to optimize turbine procurement and project economics.
- Investment & Private Equity Firms : Seek detailed market valuations and growth projections for Australia to evaluate investment opportunities in renewable energy supply chains and composite technology companies.
- Government & Policy Makers : Need market intelligence on Australia's wind composites sector to inform renewable energy policy, infrastructure planning, and domestic manufacturing incentive programs.
- Supply Chain & Logistics Providers : Require market forecasts and regional demand data to optimize distribution networks, warehousing, and logistics operations for composite materials across Australia.
Key Companies in the AUSTRALIA Wind Turbine Composites Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| CHINA NATIONAL BUILDING MATERIAL GROUP CORPORATION | China | Private Company | Cement & Clinker,Commercial Concrete & Aggregates,Gypsum Boards & Building Products, |
| HEXCEL CORPORATION | United States | Public Company | Composite Materials,Engineered Products, |
| TORAY INDUSTRIES, INC. | Japan | Public Company | Fibers and Textiles,Performance Chemicals (Resins, Films, Fine Chemicals, Electronic Materials),Carbon Fiber Composite Materials, |
| CHINA JUSHI CO., LTD. | China | Public Company | Fiberglass rovings, mats, and woven rovings,Glass yarns and electronic fabrics,Composite materials and engineered plastics, |
| SGL CARBON | Germany | Public Company | Graphite Solutions,Process Technology,Carbon Fibers, |
| EXEL COMPOSITES | Finland | Public Company | Transportation profiles (bus, coach, rail, truck, trailer, automotive),Building and structural profiles (windows, doors, sunshades, awnings, standard profiles),Telecoms composites (4G, 5G macro, MIMO, small cell mmWave), |
| EVONIK | Germany | Public Company | Advanced Technologies,Custom Solutions,Infrastructure, |
| ARKEMA | France | Public Company | Advanced Materials (high-performance polymers, fluorospecialties, PEKK, polyimides),Adhesive Solutions (construction, renovation, DIY, packaging, non-wovens, durable goods),Coating Solutions (acrylics, coating resins, photocure resins, rheology additives, decorative paints), |
| TEIJIN LIMITED | Japan | Public Company | Aramid and High-Performance Fibers,Carbon/Glass Fiber Composites and Resins,Films and Engineered Plastics (PC, PPS, Microporous), |
| OWENS CORNING | United States | Public Company | Roofing (laminate and strip asphalt shingles, roofing components, oxidized asphalt),Insulation (PINK, Next Gen, FIBERGLAS, FOAMULAR, FOAMGLAS, Paroc),Doors (residential interior and exterior doors and components), |
| EXXONMOBIL CORPORATION | United States | Public Company | Upstream (crude oil and natural gas),Energy Products (fuels, aromatics, catalysts, licensing),Chemical Products (olefins, polyolefins, intermediates), |
| HUNTSMAN INTERNATIONAL LLC | United States | Private Company | MDI, polyols, and polyurethane systems,Thermoplastic polyurethane and related intermediates (aniline, benzene, nitrobenzene),Amines, maleic anhydride, and carbonates, |
CHINA NATIONAL BUILDING MATERIAL GROUP CORPORATION
China National Building Material Group Corporation is a large Chinese private company established in 1981, employing approximately 170,000 people.
HEXCEL CORPORATION
Hexcel Corporation is a publicly traded American manufacturer founded in 1946 with 5,563 employees.
TORAY INDUSTRIES, INC.
Toray Industries, Inc. is a Japanese public company established in 1926 with a workforce of 46,294 employees.
CHINA JUSHI CO., LTD.
China Jushi Co., Ltd. is a publicly listed Chinese company founded in 1998 with 14,341 employees.
SGL CARBON
SGL Carbon is a publicly traded German company founded in 1878 with 3,577 employees.
EXEL COMPOSITES
Exel Composites is a Finnish public company founded in 1960 with 656 employees.
EVONIK
Evonik is a publicly traded German company with roots dating back to 1847, employing 30,643 people.
ARKEMA
Arkema is a French public company founded in 2003 with 20,700 employees.
TEIJIN LIMITED
Teijin Limited is a Japanese public company established in 1918 with 15,689 employees.
OWENS CORNING
Owens Corning is a publicly traded American company founded in 1938 with 25,000 employees.
EXXONMOBIL CORPORATION
ExxonMobil Corporation is a large publicly traded American company established in 1870 with 57,900 employees.
HUNTSMAN INTERNATIONAL LLC
Huntsman International LLC is an American private company founded in 1970 with 6,000 employees.
Reasons to Buy this Report
- Market-Specific Sizing & Forecasts : Access precise valuation data for Australia's wind turbine composites market (USD 129M in 2025, USD 193M in 2030) with country-level CAGR analysis to inform investment and expansion decisions.
- Competitive Landscape Intelligence : Understand Australia-specific market dynamics, key players, and competitive positioning within the Asia Pacific region to identify partnership and acquisition opportunities.
- Regulatory & Policy Insights : Gain detailed knowledge of Australia's renewable energy policies, government incentives, and infrastructure targets driving demand for wind turbine composite materials.
- Growth Driver Analysis : Identify Australia-specific factors accelerating market growth, including offshore wind development, turbine modernization, and material innovation trends unique to the region.
- Strategic Market Entry Planning : Leverage country-level data to develop targeted go-to-market strategies, supply chain optimization, and investment roadmaps for the Australian wind composites sector.
Frequently asked questions
What is the current market size of wind turbine composites in Australia?
Australia's wind turbine composites market was valued at USD 129.0 million in 2025 and is expected to grow to USD 193.0 million by 2030.
What is the projected growth rate for Australia's wind turbine composites market?
Australia's wind turbine composites market is projected to grow at a compound annual growth rate (CAGR) of 8.4% from 2025 to 2030.
What factors are driving growth in Australia's wind turbine composites market?
Key drivers include Australia's renewable energy transition policies, expansion of offshore and onshore wind capacity, technological advancements in composite materials, and growing domestic manufacturing capabilities.
Which composite materials are most commonly used in Australia's wind turbine industry?
Australia's wind turbine sector primarily utilizes fiber-reinforced polymers (FRP), carbon fiber composites, and advanced resin systems for blade manufacturing and structural components.
How is Australia positioned within the Asia Pacific wind turbine composites market?
Australia represents a significant segment of the Asia Pacific wind turbine composites market, with growing domestic manufacturing and strategic importance in the region's renewable energy supply chain.
RESEARCH METHODOLOGY
The study involves two major activities in estimating the current market size for the wind turbine composites market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, data triangulation was used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering wind turbine composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the wind turbine composites market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the wind turbine composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from wind turbine composites industry vendors; system integrators; component providers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fiber type, resin type, manufacturing process, component, application, and region.
Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customers/end users who are using wind turbine composites, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of wind turbine composites and future outlook of their business, which will affect the overall market.
The following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The research methodology used to estimate the size of the wind turbine composites market includes the following details. The market sizing was undertaken from the demand side. The market was upsized based on procurements and modernizations in wind turbine composites in different applications at a regional level. Such procurements provide information on the demand aspects of the wind turbine composites industry for each application. For each application, all possible segments of the wind turbine composites market were integrated and mapped.
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Wind turbine composites are advanced engineered materials made by reinforcing polymers with fibers such as glass or carbon, used in the construction of wind turbine components. These composites provide a high strength-to-weight ratio, durability, and resistance to environmental stresses like corrosion and fatigue. They are most commonly used in blades, nacelles, and other structural parts to enhance efficiency and longevity. Their lightweight nature allows for longer blades, which improves energy capture and overall turbine performance.
Key Stakeholders
- Wind turbine composite manufacturers
- Raw material manufacturers
- Government and research organizations
- R&D institutions
- National and local government organizations
- Institutional investors
- Wind turbine composite suppliers
- End users
Report Objectives
- To define, describe, and forecast the wind turbine composites market size in terms of volume and value
- To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
- To analyze and project the global wind turbine composites market by fiber type, resin type, manufacturing process, component, application, and region
- To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America, and analyze the significant region-specific trends
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
- To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
- To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and product developments/product launches, to draw the competitive landscape
- To strategically profile the key market players and comprehensively analyze their core competencies
Available customizations:
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the wind turbine composites market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company’s market.
Get the Full Wind Turbine Composites Market Report
Full forecast, segment splits, and company analysis for all Wind Turbine Composites Market.
- US Wind Turbine Composites Market
- CANADA Wind Turbine Composites Market
- MEXICO Wind Turbine Composites Market
- GERMANY Wind Turbine Composites Market
- FRANCE Wind Turbine Composites Market
- SWEDEN Wind Turbine Composites Market
- SPAIN Wind Turbine Composites Market
- FINLAND Wind Turbine Composites Market
- NETHERLANDS Wind Turbine Composites Market
- UK Wind Turbine Composites Market
- CHINA Wind Turbine Composites Market
- INDIA Wind Turbine Composites Market
- JAPAN Wind Turbine Composites Market
- SOUTH KOREA Wind Turbine Composites Market
- BRAZIL Wind Turbine Composites Market
- ARGENTINA Wind Turbine Composites Market
- EGYPT Wind Turbine Composites Market
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