INDIA Wind Turbine Composites Market (2025-2030)
The INDIA Wind Turbine Composites Market was valued at $529.4 Million in 2025 and projected to reach to $860.3 Million by 2030, representing a compound annual growth rate of 10.2%. India's wind turbine composites market is poised for significant expansion as the nation accelerates its renewable energy transition.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
INDIA Wind Turbine Composites Market Trends and Insights
- This expansion reflects India's commitment to renewable energy infrastructure and the increasing adoption of composite materials in wind turbine blade manufacturing.
- India's strategic focus on clean energy targets and domestic wind capacity additions is driving demand for lightweight, durable composite solutions that enhance turbine efficiency and performance. The wind turbine composites sector in India is benefiting from government incentives, rising energy demand, and technological advancements in material science.
- India's growing manufacturing capabilities and investment in renewable energy infrastructure position the country as a key market within the Asia Pacific region.
- Between 2025 and 2030, India is expected to see accelerated composite adoption as turbine manufacturers scale production and optimize blade designs for improved energy yield. India's competitive advantage in cost-effective composite production, combined with supportive regulatory frameworks, creates a favorable environment for market participants.
- The 10.2% CAGR reflects sustained momentum in India's wind energy sector and the critical role composites play in next-generation turbine development..
Key Market Statistics
- CAGR (2025-2030) 10.2% CAGR
- Market Size, 2025 ~USD 529.4 Million
- Forecast, 2030 ~USD 860.3 Million
- Country INDIA
INDIA Wind Turbine Composites Market Overview
Market Valuation :
India's wind turbine composites market is valued at USD 529.4 million in 2025, demonstrating strong market maturity and investment in renewable energy infrastructure across the country.
Robust Growth Trajectory :
With a CAGR of 10.2% from 2025 to 2030, India's market is expanding faster than many emerging economies, driven by government renewable energy targets and domestic wind capacity expansion initiatives.
Strategic Clean Energy Focus :
India's commitment to achieving 500 GW of renewable energy capacity by 2030 is directly fueling demand for advanced composite materials in wind turbine blade manufacturing and component production.
Domestic Manufacturing Growth :
Increasing localization of wind turbine production in India is reducing import dependency and creating opportunities for composite material suppliers and manufacturers within the country.
INDIA Wind Turbine Composites Market Dynamics
- The projected growth from USD 529.4 million in 2025 to USD 860.3 million by 2030 reflects India's ambitious clean energy targets and substantial investments in wind infrastructure development.
- Government policies promoting domestic manufacturing and renewable capacity additions are creating sustained demand for high-performance composite materials. The market will benefit from technological advancements in blade design, increasing turbine efficiency requirements, and the establishment of local composite manufacturing facilities.
- Rising awareness of lightweight, durable composite solutions among Indian wind energy developers and OEMs will drive adoption rates.
- Strategic partnerships between international composite suppliers and Indian manufacturers are expected to accelerate market penetration and innovation in the sector..
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
- India's wind turbine composites market is valued at USD 529.4 million in 2025 and is forecast to reach USD 860.3 million by 2030, representing a 10.2% CAGR.
- India's renewable energy targets and domestic wind capacity expansion are primary drivers of composite material demand in turbine manufacturing.
- India's cost-competitive manufacturing ecosystem and government support create a favorable environment for composite material suppliers and turbine producers.
- Lightweight composite materials are critical to India's wind turbine efficiency improvements and long-term energy sustainability goals through 2030.
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 |
INDIA 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
- Wind Turbine Manufacturers : Indian and international OEMs need market intelligence to optimize blade design strategies, source composite materials efficiently, and align production capacity with India's growing wind energy demand.
- Composite Material Suppliers : Suppliers require detailed India market data to identify growth opportunities, establish local manufacturing partnerships, and develop products meeting Indian wind turbine specifications and cost requirements.
- Renewable Energy Developers : Wind farm developers and energy companies need insights into material innovations and supply chain capabilities to optimize turbine procurement and project economics in the Indian market.
- Investment & Private Equity Firms : Investors evaluating opportunities in India's renewable energy sector require comprehensive market analysis to assess growth potential, competitive dynamics, and risk factors in wind turbine composites.
- Government & Policy Bodies : Indian government agencies and regulatory bodies need market research to inform renewable energy policies, manufacturing incentives, and infrastructure development aligned with national clean energy goals.
Key Companies in the INDIA 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 Size & Growth Data : Access precise valuation metrics for India's wind turbine composites market with verified 2025-2030 forecasts, enabling accurate business planning and investment decisions specific to the Indian market.
- Competitive Landscape Intelligence : Understand India-specific market dynamics, local manufacturer capabilities, and competitive positioning to identify partnership opportunities and market entry strategies tailored to Indian operations.
- Policy & Regulatory Insights : Gain detailed analysis of India's renewable energy policies, manufacturing incentives, and government targets that directly impact composite material demand and supply chain development.
- Demand Forecasting : Leverage India-specific CAGR projections and market segmentation data to forecast demand for composite materials aligned with domestic wind capacity expansion plans through 2030.
- Strategic Investment Guidance : Make informed decisions on manufacturing facility locations, supplier partnerships, and technology investments based on comprehensive India market analysis and growth opportunity identification.
Frequently asked questions
What is the current market size of wind turbine composites in India?
India's wind turbine composites market is valued at USD 529.4 million in 2025 and is expected to grow to USD 860.3 million by 2030.
What is the projected growth rate for India's wind turbine composites market?
India's wind turbine composites market is projected to grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2030.
What factors are driving growth in India's wind turbine composites market?
India's growth is driven by renewable energy targets, increasing wind capacity installations, government incentives, technological advancements, and the need for lightweight, durable materials in turbine blade manufacturing.
Why are composites important for India's wind turbine industry?
Composites are essential in India's wind turbines because they reduce weight, improve efficiency, enhance durability, and enable longer blade designs that increase energy generation capacity.
How does India's market compare to the global wind turbine composites market?
India's 10.2% CAGR is comparable to the global 10.3% CAGR, positioning India as a significant contributor to the Asia Pacific region's wind turbine composites market growth.
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
- JAPAN Wind Turbine Composites Market
- AUSTRALIA 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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