FINLAND Wind Turbine Composites Market (2025-2030)
The FINLAND Wind Turbine Composites Market was valued at $255.3 Million in 2025 and projected to reach to $417.9 Million by 2030, representing a compound annual growth rate of 10.4%. Finland's wind turbine composites market is poised for significant expansion through 2030, driven by the country's strategic focus on renewable energy and Nordic manufacturing excellence.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
FINLAND Wind Turbine Composites Market Trends and Insights
- Valued at USD 255.3 million in 2025, Finland's market is expected to expand to USD 417.9 million by 2030, reflecting a compound annual growth rate (CAGR) of 10.4%.
- This growth trajectory underscores Finland's commitment to sustainable energy and its role as a leading Nordic hub for advanced composite manufacturing and wind energy innovation. The expansion of Finland's wind turbine composites market is driven by increasing offshore and onshore wind capacity additions, coupled with rising demand for lightweight, durable composite materials in blade and structural components.
- Finland's strategic position in the Baltic region, combined with its established expertise in forest-based materials and advanced manufacturing, positions the country as a key supplier for European wind energy projects.
- Between 2025 and 2030, Finland is expected to capture growing market share as turbine manufacturers prioritize high-performance composites for next-generation turbine designs. Finland's market growth is supported by favorable regulatory frameworks, substantial investments in renewable energy infrastructure, and the presence of leading composite material producers.
- The country's focus on circular economy principles and sustainable manufacturing practices further enhances Finland's competitive advantage in the global wind turbine composites sector..
Key Market Statistics
- CAGR (2025-2030) 10.4% CAGR
- Market Size, 2025 ~USD 255.3 Million
- Forecast, 2030 ~USD 417.9 Million
- Country FINLAND
FINLAND Wind Turbine Composites Market Overview
Market Valuation Growth :
Finland's wind turbine composites market is valued at USD 255.3 million in 2025 and is projected to reach USD 417.9 million by 2030, demonstrating robust expansion driven by Nordic renewable energy investments.
Strong CAGR Performance :
Finland's market exhibits a CAGR of 10.4% from 2025-2030, slightly outpacing the global average of 10.3%, indicating accelerated regional adoption and manufacturing capabilities.
Nordic Leadership Position :
Finland maintains a strategic position as a leading Nordic player in wind turbine composites, leveraging advanced manufacturing expertise and commitment to sustainable energy infrastructure development.
EU Renewable Energy Alignment :
Finland's market growth aligns with European Union renewable energy directives and the nation's ambitious carbon neutrality targets, supporting increased composite material demand for wind energy applications.
FINLAND Wind Turbine Composites Market Dynamics
- The 10.4% CAGR reflects increasing investments in offshore and onshore wind infrastructure, coupled with growing demand for lightweight, durable composite materials that enhance turbine efficiency and longevity. The Finnish market benefits from strong government support for clean energy transitions, established composite manufacturing capabilities, and integration within European supply chains.
- As wind energy capacity expands across the Nordic region, Finland's composites sector is expected to capture growing opportunities in blade manufacturing, structural components, and advanced material innovations, positioning the country as a key contributor to Europe's renewable energy goals..
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
- Finland's wind turbine composites market is valued at USD 255.3 million in 2025 and is projected to reach USD 417.9 million by 2030, growing at a 10.4% CAGR.
- Finland's strategic position in the Baltic region and expertise in advanced manufacturing make it a key supplier for European wind energy projects.
- Increasing offshore and onshore wind capacity additions in Finland are driving demand for lightweight, high-performance composite materials.
- Finland's commitment to circular economy principles and sustainable manufacturing practices strengthens its competitive advantage in the global wind turbine composites 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 |
FINLAND 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 : Manufacturers need Finland-specific market data to assess production capacity requirements, identify local partnerships, and capitalize on the 10.4% CAGR growth opportunity in Nordic wind turbine applications.
- Wind Energy Equipment Suppliers : Suppliers require detailed Finland market insights to optimize sourcing strategies, evaluate local composite suppliers, and align product offerings with regional wind turbine manufacturing demands.
- Investment & Private Equity Firms : Investors need country-level market valuations and growth projections for Finland to evaluate acquisition targets, fund renewable energy ventures, and assess portfolio exposure in Nordic composite sectors.
- Government & Policy Makers : Finnish policymakers and energy officials require market data to validate renewable energy strategies, support industrial development initiatives, and align composites sector growth with sustainability goals.
- Strategic Business Consultants : Consultants advising clients on Nordic expansion need Finland-specific market intelligence to develop market entry strategies, competitive positioning, and long-term growth plans in wind turbine composites.
Key Companies in the FINLAND 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 Finland's wind turbine composites market (USD 255.3M in 2025, USD 417.9M in 2030) with country-specific CAGR analysis to inform investment and expansion decisions.
- Competitive Intelligence for Nordic Operations : Understand Finland's unique market dynamics, manufacturing capabilities, and supply chain positioning relative to broader European wind energy trends and competitor activities in the region.
- Regulatory & Policy Insights : Gain clarity on Finland-specific renewable energy policies, EU directives, and carbon neutrality targets driving composite material demand and shaping market opportunities through 2030.
- Strategic Growth Opportunities : Identify high-potential segments within Finland's market including offshore wind expansion, blade manufacturing, and advanced composite innovations aligned with Nordic energy infrastructure investments.
- Risk Mitigation & Market Entry Planning : Develop informed market entry strategies and risk assessments specific to Finland's economic conditions, supply chain resilience, and competitive landscape for composites manufacturers and suppliers.
Frequently asked questions
What is the current market size of wind turbine composites in Finland?
Finland's wind turbine composites market is valued at USD 255.3 million in 2025 and is expected to grow to USD 417.9 million by 2030.
What is the projected growth rate for Finland's wind turbine composites market?
Finland's wind turbine composites market is projected to grow at a compound annual growth rate (CAGR) of 10.4% between 2025 and 2030.
What factors are driving growth in Finland's wind turbine composites market?
Growth in Finland's market is driven by increasing offshore and onshore wind capacity additions, rising demand for lightweight composite materials, favorable regulatory frameworks, and substantial investments in renewable energy infrastructure.
Why is Finland a key player in the European wind turbine composites market?
Finland's strategic position in the Baltic region, established expertise in forest-based materials and advanced manufacturing, and commitment to sustainable practices position it as a leading supplier for European wind energy projects.
What role does sustainability play in Finland's wind turbine composites market?
Finland's focus on circular economy principles and sustainable manufacturing practices enhances its competitive advantage and aligns with European regulatory requirements for environmentally responsible composite production.
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
- 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
- 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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