Wind Blade Composites Companies

The wind blade composites market is projected to grow from USD 13.28 billion in 2025 to USD 21.87 billion by 2030, at a CAGR of 10.5% during the forecast period.

The wind blade composites market is experiencing significant growth, propelled by the global shift toward renewable energy and the increasing demand for lightweight, durable, and high-performance materials in the production of wind turbine blades. These blades are primarily constructed from composite materials such as glass fiber and carbon fiber, which provide an optimal balance of strength-to-weight ratios, rigidity, and resistance to fatigue and environmental stressors—essential attributes for maximizing energy efficiency and prolonging blade lifespan. Glass fiber reinforced polymers dominate the market due to their cost-effectiveness and versatility. Substantial government investments in regions including Asia Pacific, Europe, and North America aim to enhance capacities for both onshore and offshore wind turbines, thereby increasing the demand for wind blade composites. Advances in material technology, recycling initiatives, and the pursuit of larger, more efficient blades to optimize energy output further stimulate demand in this sector.

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Toray Industries, Inc. (Japan)

Toray Industries, Inc., is a Japanese multinational company specializing in advanced materials and technologies. The company operates across various sectors and industries, including fibers and textiles, performance chemicals, carbon fiber composite materials, and environmental and engineering solutions. Its Carbon Fiber Composite Materials business segment offers carbon fibers designed to meet the rigorous demands of aerospace, general industrial, sports, and automotive applications. The company also offers large-tow carbon fiber, ZOLTEK PX35, for the wind energy sector through its subsidiary ZOLTEK, which is ideal for wind turbine blades. Toray Industries, inc. has its geographical footprint spread across 20 countries and regions, including Japan, China, South Korea, US, and several European nations. The company’s commitment to innovation and sustainability is evident in its continuous development of advanced carbon fiber technologies and its strategic initiatives to reduce CO2 emissions, aiming for carbon neutrality by 2050.

Exxon Mobil Corporation (US)

Exxon Mobil Corporation is a leading global energy company that was formed through the merger of Exxon and Mobil. As one of the world’s largest publicly traded oil and gas companies, Exxon Mobil Corporation is engaged in the exploration, production, refining, and distribution of petroleum and natural gas, as well as the manufacturing of petrochemicals. Its operations are divided into three main segments: Upstream, which focuses on the exploration and extraction of crude oil and natural gas; Downstream, which handles refining and marketing of fuels and lubricants; and Chemical, which produces a wide range of petrochemical products used in industrial and consumer applications. Under its Chemical segment, the company offers advanced resin systems, such as Proxxima, for lighter, more durable wind blades with a lower carbon footprint and improved manufacturing efficiency.

Evonik (Germany)

Evonik is a large global specialty chemicals firm based in Essen, Germany. The company was founded in 2007 as part of RAG-Stiftung’s restructuring and has since become a major participant in the international chemical sector. Evonik specializes in high-performance materials and specialized chemicals used in various industries, including automotive, pharmaceuticals, agriculture, nutrition, construction, and consumer goods. Evonik has numerous major business categories, including Specialty Additives, Nutrition & Care, Smart Materials, and Performance Materials. Its product portfolio comprises additives for coatings and paints, amino acids for animal nutrition, high-performance polymers, and personal care components. Geographically, Evonik has a strong global footprint, with operations in more than 100 countries across Europe, North America, Asia Pacific, and Latin America.

WIND BLADE COMPOSITES MARKET: MARKET RANKING

The wind blade composites market is competitive, with the top five players accounting for 25–30% of the market share, which indicates that multiple companies are competing for market share, driving innovation, pricing strategies, and customer acquisition within this emerging market. Toray Industries, Inc. leads the position in this market, which can be attributed to technological innovation, strong research & development capabilities, extensive production capacity, and strategic partnerships across various industries. As one of the pioneers in carbon fiber manufacturing, the company has developed ZOLTEK PX35 carbon fiber, which is widely used in wind energy applications. Other prominent companies in the wind blade composites industry include Exxon Mobil Corporation and Evonik. These companies have made significant progress in offering competitive products and solutions to meet various wind blade composite applications and needs. Companies such as China Jushi Co., Ltd. and China National Building Material Group Corporation are helping diversify the wind blade composites market as these companies are pioneering advanced technologies and increasing their manufacturing capacities, which, in turn, will also support the growth of the overall wind energy sector.

Related Reports:

Wind Blade Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, Other Fiber Types), Resin Type (Epoxy, Polyurethane, Other Resin Types), Blade Size (Up to 50 Meters, Over 50 Meters), Application (Onshore, Offshore), and Region - Global Forecast to 2030