SWEDEN Wind Turbine Composites Market (2025-2030)
The SWEDEN Wind Turbine Composites Market was valued at $180.4 Million in 2025 and projected to reach to $290 Million by 2030, representing a compound annual growth rate of 10.0%. Sweden's wind turbine composites market is experiencing accelerated growth as the nation strengthens its position in Europe's renewable energy landscape.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
SWEDEN Wind Turbine Composites Market Trends and Insights
- Valued at USD 180.4 million in 2025, Sweden's market is expected to expand to USD 290.0 million by 2030, reflecting a compound annual growth rate of 10.0%.
- This growth trajectory underscores Sweden's commitment to offshore and onshore wind capacity expansion, where advanced composite materials are essential for blade manufacturing, nacelle components, and structural reinforcement. The Swedish wind turbine composites sector benefits from the country's established wind energy ecosystem and strong manufacturing capabilities.
- Sweden's strategic position in Northern Europe, combined with favorable renewable energy policies and substantial investment in wind infrastructure, drives demand for high-performance composite materials.
- Between 2025 and 2030, Sweden is anticipated to see increased adoption of carbon fiber and glass fiber reinforced polymers as turbine manufacturers scale production to meet both domestic and export demand. Sweden's market dynamics are shaped by technological innovation, supply chain optimization, and the transition towards larger, more efficient turbine designs.
- The country's focus on sustainability and carbon neutrality further accelerates composite material adoption, positioning Sweden as a key growth market within the European wind turbine composites landscape..
Key Market Statistics
- CAGR (2025-2030) 10.0% CAGR
- Market Size, 2025 ~USD 180.4 Million
- Forecast, 2030 ~USD 290 Million
- Country SWEDEN
SWEDEN Wind Turbine Composites Market Overview
Market Valuation :
Sweden's wind turbine composites market is valued at USD 180.4 million in 2025, with strong growth momentum driven by the country's renewable energy transition and offshore wind expansion initiatives.
Robust CAGR Growth :
The Swedish market is projected to grow at a 10.0% CAGR through 2030, outpacing many European counterparts and reflecting sustained investment in wind infrastructure modernization and capacity additions.
Offshore Wind Leadership :
Sweden's position as a leader in offshore wind technology drives demand for advanced composite materials, particularly for blade manufacturing and structural components in harsh Baltic Sea conditions.
2030 Market Expansion :
The market is forecast to reach USD 290.0 million by 2030, representing a 60.8% increase from 2025 levels, supported by Sweden's ambitious renewable energy targets and EU climate commitments.
SWEDEN Wind Turbine Composites Market Dynamics
- With substantial investments in both onshore and offshore wind capacity, Swedish manufacturers and suppliers are increasingly adopting advanced composite materials to enhance turbine efficiency, durability, and performance in demanding marine environments.
- The country's strong engineering expertise and commitment to sustainability create favorable conditions for market expansion. Looking ahead to 2030, Sweden's market will benefit from technological advancements in composite manufacturing, rising demand for larger turbine blades, and supportive government policies promoting clean energy.
- The integration of lightweight, high-strength composites in next-generation turbines positions Sweden as a key hub for innovation, attracting both domestic and international investment in the composites supply chain..
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
- Sweden's wind turbine composites market will grow from USD 180.4 million in 2025 to USD 290.0 million by 2030 at a 10.0% CAGR.
- Sweden's offshore and onshore wind expansion drives sustained demand for advanced composite materials in blade and structural applications.
- Sweden's strong manufacturing base and renewable energy policies position the country as a strategic hub for composite material innovation and production.
- Technological advancement in carbon fiber and glass fiber composites will accelerate market growth in Sweden 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 |
SWEDEN 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 : Swedish and European composite producers need detailed market insights to optimize production capacity, develop region-specific products, and identify partnership opportunities with wind turbine OEMs operating in Sweden.
- Wind Turbine OEMs & Suppliers : Turbine manufacturers and component suppliers require Sweden-specific demand forecasts and material trends to align supply chain strategies, source composites efficiently, and meet growing offshore wind requirements.
- Investment & Private Equity Firms : Investors evaluating opportunities in Sweden's renewable energy sector need market-specific valuation data, growth projections, and competitive analysis to assess portfolio companies and identify acquisition targets.
- Government & Policy Organizations : Swedish energy agencies and policymakers use market intelligence to evaluate industry growth, assess policy effectiveness, and develop strategies supporting domestic wind energy and advanced materials sectors.
- Consulting & Engineering Firms : Strategic consultants advising clients on renewable energy expansion in Sweden require detailed market data, competitive benchmarking, and trend analysis to support client recommendations and feasibility studies.
Key Companies in the SWEDEN 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 Sweden's wind turbine composites market (USD 180.4M in 2025, USD 290M in 2030) with country-level CAGR analysis to support strategic planning and investment decisions.
- Competitive Landscape Intelligence : Identify key Swedish and international players operating in the wind composites sector, understand their market positioning, and benchmark competitive strategies specific to Sweden's regulatory and technological environment.
- Offshore Wind Opportunity Assessment : Evaluate Sweden's leadership in offshore wind technology and the corresponding demand for advanced composite materials, enabling suppliers to target high-growth segments and develop tailored product offerings.
- Regulatory & Policy Insights : Gain comprehensive understanding of Sweden's renewable energy policies, EU climate directives, and government incentives driving wind capacity expansion and composite material adoption in the country.
- Investment & Expansion Strategy : Leverage country-specific market data to identify expansion opportunities, assess supply chain requirements, and make informed decisions about manufacturing facilities, partnerships, and market entry strategies in Sweden.
Frequently asked questions
What is the current market size of wind turbine composites in Sweden?
Sweden's wind turbine composites market is valued at USD 180.4 million in 2025 and is projected to reach USD 290.0 million by 2030.
What is the expected growth rate for Sweden's wind turbine composites market?
Sweden's wind turbine composites market is expected to grow at a compound annual growth rate (CAGR) of 10.0% from 2025 to 2030.
What factors are driving growth in Sweden's wind turbine composites market?
Sweden's growth is driven by expansion of offshore and onshore wind capacity, strong renewable energy policies, technological innovation in composite materials, and the country's commitment to carbon neutrality.
Which composite materials are most used in Sweden's wind turbine sector?
Sweden's wind turbine industry primarily utilizes carbon fiber reinforced polymers (CFRP) and glass fiber reinforced polymers (GFRP) for blade manufacturing, nacelle components, and structural applications.
How does Sweden's market compare to the broader European wind turbine composites market?
Sweden represents a significant regional market within Europe, with strong manufacturing capabilities and favorable renewable energy policies that position it as a key growth driver for composite material adoption across Northern Europe.
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
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- FRANCE 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
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- AUSTRALIA Wind Turbine Composites Market
- SOUTH KOREA Wind Turbine Composites Market
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