Wind Blade Composites - Company Evaluation Report, 2025 (Abridged Report)
Description
The Wind Blade Composites Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Wind Blade Composites. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 140 companies, of which the Top 15 Wind Blade Composites Companies were categorized and recognized as quadrant leaders.
The wind blade composites market is experiencing robust growth, driven by the global transition to renewable energy and the rising need for efficient, durable, and lightweight materials in wind turbine manufacturing. They are used in both onshore and offshore wind turbines. The onshore segment currently holds the largest market share, driven by extensive wind energy deployments in the Asia Pacific region, especially in China and India. However, offshore applications are expected to witness rapid growth due to the global push for clean energy and carbon reduction.
The market is projected to grow from USD 12,016.0 million in 2024 to USD 21,874.3 million by 2030, reflecting a CAGR of 10.5% from 2025 to 2030. This growth is fueled by increasing investments in onshore and offshore wind energy projects, supportive government policies aimed at reducing carbon emissions, and advancements in composite technologies—particularly in glass and carbon fiber materials.
The 360 Quadrant maps the Wind Blade Composites companies’ based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Wind Blade Composites quadrant. The top criteria for product footprint evaluation included By FIBER type ( Glass Fiber, Carbon Fiber, Other Fiber Types), By Resin type (Epoxy, polyurethane, Other Resin Types), By Blade size (Up to 50 Meters, Over 50 Meters), and By Application (Onshore Wind Turbines, Offshore wind turbines).
Key Players
Key players in the Wind Blade Composites market include major global corporations and specialized innovators such as China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), China Jushi Co., Ltd. (China), Exxon Mobil (US), Evonik (Germany), Teijin Limited (Japan), Hexcel Corporation (US), Arkema (France), Owens Corning (US), Exel Composites (Finland), SGL Carbon (Germany), Gurit Services AG (Switzerland), DowAksa (Turkey), Rochling (Germany), and Huntsman (US). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top 3 Companies
China National Building Material Group Corporation
China National Building Material Group Corporation (CNBM) is a major Chinese state-owned enterprise specializing in construction and building materials. Established in 1984 through the merger of China National Building Materials Group Corporation (CNBM) and China National Materials Group Corporation, has since evolved into the world’s largest integrated building materials industry group and a prominent producer of innovative materials. Headquartered in Beijing, the company operates a vertically integrated model encompassing scientific research, manufacturing, and logistics. CNBM’s extensive product portfolio includes cement, gypsum board, fiberglass, carbon fiber, and wind turbine blades, with some of the highest annual production capacities globally.
Toray Industries, Inc.
Toray Industries, Inc., founded in 1926 and headquartered in Tokyo, Japan, is a global leader in advanced materials, synthetic fibers, and chemical technologies. Operating in over 29 countries with approximately 48,000 employees across 308 companies, Toray maintains a diverse business portfolio that includes fibers and textiles, performance chemicals, carbon fiber composite materials, environmental engineering, and life sciences. Toray's subsidiaries, Zoltek and Toray Advanced Composites, are recognized for their innovations in carbon fiber technology, serving key industries such as aerospace, automotive, and wind energy.
China Jushi Co., Ltd.
China Jushi Co., Ltd. is a leading joint-stock company specializing in the production, research, and distribution of fiberglass, as well as the manufacturing of plastic floorboards. Recognized as one of the world’s top fiberglass producers, the company operates through three business segments: Glass Fiber and Its Products, Other Products, and Other Business. The core Glass Fiber segment includes a broad portfolio of E-glass and C-glass products, offering over 100 product categories with more than 1,000 specifications.
The wind blade composites market is experiencing robust growth, driven by the global transition to renewable energy and the rising need for efficient, durable, and lightweight materials in wind turbine manufacturing. They are used in both onshore and offshore wind turbines. The onshore segment currently holds the largest market share, driven by extensive wind energy deployments in the Asia Pacific region, especially in China and India. However, offshore applications are expected to witness rapid growth due to the global push for clean energy and carbon reduction.
The market is projected to grow from USD 12,016.0 million in 2024 to USD 21,874.3 million by 2030, reflecting a CAGR of 10.5% from 2025 to 2030. This growth is fueled by increasing investments in onshore and offshore wind energy projects, supportive government policies aimed at reducing carbon emissions, and advancements in composite technologies—particularly in glass and carbon fiber materials.
The 360 Quadrant maps the Wind Blade Composites companies’ based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Wind Blade Composites quadrant. The top criteria for product footprint evaluation included By FIBER type ( Glass Fiber, Carbon Fiber, Other Fiber Types), By Resin type (Epoxy, polyurethane, Other Resin Types), By Blade size (Up to 50 Meters, Over 50 Meters), and By Application (Onshore Wind Turbines, Offshore wind turbines).
Key Players
Key players in the Wind Blade Composites market include major global corporations and specialized innovators such as China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), China Jushi Co., Ltd. (China), Exxon Mobil (US), Evonik (Germany), Teijin Limited (Japan), Hexcel Corporation (US), Arkema (France), Owens Corning (US), Exel Composites (Finland), SGL Carbon (Germany), Gurit Services AG (Switzerland), DowAksa (Turkey), Rochling (Germany), and Huntsman (US). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top 3 Companies
China National Building Material Group Corporation
China National Building Material Group Corporation (CNBM) is a major Chinese state-owned enterprise specializing in construction and building materials. Established in 1984 through the merger of China National Building Materials Group Corporation (CNBM) and China National Materials Group Corporation, has since evolved into the world’s largest integrated building materials industry group and a prominent producer of innovative materials. Headquartered in Beijing, the company operates a vertically integrated model encompassing scientific research, manufacturing, and logistics. CNBM’s extensive product portfolio includes cement, gypsum board, fiberglass, carbon fiber, and wind turbine blades, with some of the highest annual production capacities globally.
Toray Industries, Inc.
Toray Industries, Inc., founded in 1926 and headquartered in Tokyo, Japan, is a global leader in advanced materials, synthetic fibers, and chemical technologies. Operating in over 29 countries with approximately 48,000 employees across 308 companies, Toray maintains a diverse business portfolio that includes fibers and textiles, performance chemicals, carbon fiber composite materials, environmental engineering, and life sciences. Toray's subsidiaries, Zoltek and Toray Advanced Composites, are recognized for their innovations in carbon fiber technology, serving key industries such as aerospace, automotive, and wind energy.
China Jushi Co., Ltd.
China Jushi Co., Ltd. is a leading joint-stock company specializing in the production, research, and distribution of fiberglass, as well as the manufacturing of plastic floorboards. Recognized as one of the world’s top fiberglass producers, the company operates through three business segments: Glass Fiber and Its Products, Other Products, and Other Business. The core Glass Fiber segment includes a broad portfolio of E-glass and C-glass products, offering over 100 product categories with more than 1,000 specifications.
- Tables List
- Table 1 Wind Blade Composites Market: Porter’s Five Forces Analysis
- Table 2 Roles Of Companies In Wind Blade Composite Ecosystem
- Table 3 Wind Blade Composites Market: Total Number Of Patents, 2015–2025
- Table 4 List Of Patents By General Electric, 2023–2025
- Table 5 List Of Patents By Vestas Wind Systems, 2023–2025
- Table 6 Wind Blade Composites Market: List Of Key Conferences
- And Events, 2025–2026
- Table 7 Top Use Cases And Market Potential
- Table 8 Wind Blade Composites Market: Key Strategies Adopted
- By Major Players
- Table 9 Wind Blade Composites Market: Degree Of Competition, 2024
- Table 14 Wind Blade Composites Market: Detailed List Of Key Startups/Smes
- Table 15 Wind Blade Composites Market: Competitive Benchmarking Of
- Key Startups/Smes
- Table 16 Wind Blade Composites Market: Product Launches,
- January 2021–january 2025
- Table 17 Wind Blade Composites Market: Deals, January 2021–january 2025
- Table 18 Wind Blade Composites Market: Expansions,
- January 2021–january 2025
- Table 19 Wind Blade Composites Market: Others, January 2021–january 2025
- Table 20 Gurit Services Ag: Company Overview
- Table 21 Gurit Services Ag: Products Offered
- Table 22 Gurit Services Ag: Deals
- Table 23 China National Building Material Group Corporation:
- Company Overview
- Table 24 China National Building Material Group Corporation:
- Products Offered
- Table 25 Hexcel Corporation: Company Overview
- Table 26 Hexcel Corporation: Products Offered
- Table 27 Toray Industries, Inc.: Company Overview
- Table 28 Toray Industries, Inc.: Products Offered
- Table 29 China Jushi Co., Ltd.: Company Overview
- Table 30 China Jushi Co., Ltd.: Products/Solutions/Services Offered
- Table 31 China Jushi Co., Ltd.: Expansions
- Table 32 China Jushi Co., Ltd.: Others
- Table 33 Rochling Se & Co. Kg: Company Overview
- Table 34 Rochling Se & Co. Kg: Products Offered
- Table 35 Sgl Carbon: Company Overview
- Table 36 Sgl Carbon: Products Offered
- Table 37 Dowaksa: Company Overview
- Table 38 Dowaksa: Products Offered
- Table 39 Dowaksa: Deals
- Table 40 Exel Composites: Company Overview
- Table 41 Exel Composites: Products Offered
- Table 42 Exel Composite: Deals
- Table 43 Exel Composite: Others
- Table 44 Evonik: Company Overview
- Table 45 Evonik: Products Offered
- Table 46 Arkema: Company Overview
- Table 47 Arkema: Products Offered
- Table 48 Arkema: Others
- Table 49 Teijin Limited: Company Overview
- Table 50 Teijin Limited: Products Offered
- Table 51 Owens Corning: Company Overview
- Table 52 Owens Corning: Products Offered
- Table 53 Exxon Mobil Corporation: Company Overview
- Table 54 Exxon Mobil Corporation: Products Offered
- Table 55 Huntsman International Llc: Company Overview
- Table 56 Huntsman International Llc: Products Offered
- Table 57 Huntsman International Llc: Product Launches
- Table 58 Pultrex Ltd: Company Overview
- Table 59 Epsilon Composite: Company Overview
- Table 60 Aeron Composite Limited: Company Overview
- Table 61 Westlake Corporation: Company Overview
- Table 62 Elan Composites: Company Overview
- Table 63 Northern Light Composites: Company Overview
- Table 64 Jiuding New Material Co., Ltd.: Company Overview
- Table 65 Hs Hyosung Advanced Materials: Company Overview
- Table 66 Indore Composite: Company Overview
- Table 67 Reliance Industries Ltd.: Company Overview
- Figures List
- Figure 1 Carbon Fiber Segment To Record Highest Cagr During Forecast Period
- Figure 2 Epoxy Segment To Dominate Market In 2030
- Figure 3 Up To 50 Meters Segment To Lead Market In 2030
- Figure 4 Onshore Wind Turbines Segment To Dominate Market In 2030
- Figure 5 Asia Pacific To Register Highest Cagr During Forecast Period
- Figure 6 Wind Blade Composites Market: Drivers, Restraints,
- Opportunities, And Challenges
- Figure 7 Development Of New Wind Turbine Installations, 2020–2024 (Gw)
- Figure 8 Wind Blade Composites Market: Porter’s Five Forces Analysis
- Figure 9 Wind Blade Composites Market: Value Chain Analysis
- Figure 10 Wind Blade Composites Market: Supply Chain Analysis
- Figure 11 Wind Blade Composites Market: Key Stakeholders In Ecosystem
- Figure 12 Patent Analysis, By Document Type, 2015–2025
- Figure 13 Patent Publication Trends, 2015−2025
- Figure 14 Legal Status Of Patents, 2015–2025
- Figure 15 Us Jurisdiction Registered Highest Number Of Patents
- Between 2015 And 2025
- Figure 16 General Electric Registered Highest Number Of Patents
- Between 2015 And 2025
- Figure 17 Trends/Disruptions Impacting Customer Business
- Figure 18 Wind Blade Composites Market: Revenue Analysis Of Key Players,
- 2020–2024 (Usd Million)
- Figure 19 Wind Blade Composites Market Share Analysis, 2024
- Figure 20 Wind Blade Composites Market: Brand/Product Comparative Analysis
- Figure 21 Wind Blade Composites Market: Company Evaluation Matrix
- (Key Players), 2024
- Figure 22 Wind Blade Composites Market: Company Footprint
- Figure 23 Wind Blade Composites Market: Company Evaluation Matrix (Startups/Smes), 2024
- Figure 24 Wind Blade Composites Market: Ev/Ebitda Of Key Vendors, 2025
- Figure 25 Wind Blade Composites Market: Year-to-date (Ytd)
- Price Total Return And 5-year Stock Beta Of Key Vendors, 2025
- Figure 26 Gurit Services Ag: Company Snapshot
- Figure 27 China National Building Material Group Corporation:
- Company Snapshot
- Figure 28 Hexcel Corporation: Company Snapshot
- Figure 29 Toray Industries, Inc.: Company Snapshot
- Figure 30 China Jushi Co., Ltd.: Company Snapshot
- Figure 31 Sgl Carbon: Company Snapshot
- Figure 32 Exel Composites: Company Snapshot
- Figure 33 Evonik: Company Snapshot
- Figure 34 Arkema: Company Snapshot
- Figure 35 Teijin Limited: Company Snapshot
- Figure 36 Owens Corning: Company Snapshot
- Figure 37 Exxon Mobil Corporation: Company Snapshot
- Figure 38 Huntsman International Llc: Company Snapshot
- Figure 39 Wind Blade Composites Market: Research Design 111s
Table of Contents
117 Pages
- 1 Introduction
- 1.1 Market Definition
- 1.2 Inclusions And Exclusions
- 1.3 Stakeholders
- 2 Executive Summary
- 3 Market Overview
- 3.1 Introduction
- 3.2 Market Dynamics
- 3.2.1 Drivers
- 3.2.1.1 Increasing New Installations Of Wind Turbines
- 3.2.1.2 Increasing Turbine Size
- 3.2.2 Restraints
- 3.2.2.1 High Raw Material Costs
- 3.2.2.2 Limited Blade Recycling Technology
- 3.2.3 Opportunities
- 3.2.3.1 Development Of Recyclable Resin
- 3.2.3.2 Increasing Offshore Wind Turbine Installations
- 3.2.4 Challenges
- 3.2.4.1 Geopolitical Instability
- 3.2.4.2 High Capital Investments
- 3.3 Porter’s Five Forces Analysis
- 3.3.1 Threat Of New Entrants
- 3.3.2 Threat Of Substitutes
- 3.3.3 Bargaining Power Of Suppliers
- 3.3.4 Bargaining Power Of Buyers
- 3.3.5 Intensity Of Competitive Rivalry
- 3.4 Value Chain Analysis
- 3.5 Supply Chain Analysis
- 3.6 Ecosystem Analysis
- 3.7 Technology Analysis
- 3.7.1 Key Technologies
- 3.7.1.1 Vacuum Infusion
- 3.7.1.2 Traditional Molding
- 3.7.2 Complementary Technologies
- 3.7.2.1 Additive Manufacturing And Robotics
- 3.8 Patent Analysis
- 3.8.1 Introduction
- 3.8.2 Methodology
- 3.8.3 Document Types
- 3.8.4 Insights
- 3.8.5 Legal Status
- 3.8.6 Jurisdiction Analysis
- 3.8.7 Top Applicants
- 3.8.8 Top 10 Patent Owners (Us) In Last 10 Years, 2015–2025
- 3.9 Key Conferences And Events, 2025–2026
- 3.10 Trends/Disruptions Impacting Customer Business
- 3.11 Impact Of Gen Ai/Ai On Wind Blade Composites Market
- 3.11.1 Top Use Cases And Market Potential
- 4 Competitive Landscape
- 4.1 Overview
- 4.2 Key Player Strategies/Right To Win
- 4.3 Revenue Analysis
- 4.4 Market Share Analysis
- 4.5 Brand/Product Comparative Analysis
- 4.6 Company Evaluation Matrix: Key Players, 2024
- 4.6.1 Stars
- 4.6.2 Emerging Leaders
- 4.6.3 Pervasive Players
- 4.6.4 Participants
- 4.6.5 Company Footprint: Key Players, 2024
- 4.6.5.1 Company Footprint
- 4.6.5.2 Fiber Type Footprint
- 4.6.5.3 Resin Type Footprint
- 4.6.5.4 Application Footprint
- 4.6.5.5 Region Footprint
- 4.7 Company Evaluation Matrix: Startups/Smes, 2024
- 4.7.1 Progressive Companies
- 4.7.2 Responsive Companies
- 4.7.3 Dynamic Companies
- 4.7.4 Starting Blocks
- 4.7.5 Competitive Benchmarking: Startups/Smes, 2024
- 4.7.5.1 Detailed List Of Key Startups/Smes
- 4.7.5.2 Competitive Benchmarking Of Key Startups/Smes
- 4.8 Company Valuation And Financial Metrics
- 4.9 Competitive Scenario
- 4.9.1 Product Launches
- 4.9.2 Deals
- 4.9.3 Expansions
- 4.9.4 Others
- 5 Company Profiles
- 5.1 Key Players
- 5.1.1 Gurit Services Ag
- 5.1.1.1 Business Overview
- 5.1.1.2 Products Offered
- 5.1.1.3 Recent Developments
- 5.1.1.3.1 Deals
- 5.1.1.4 Mnm View
- 5.1.1.4.1 Key Strengths/Right To Win
- 5.1.1.4.2 Strategic Choices
- 5.1.1.4.3 Weaknesses/Competitive Threats
- 5.1.2 China National Building Material Group Corporation
- 5.1.2.1 Business Overview
- 5.1.2.2 Products Offered
- 5.1.2.3 Mnm View
- 5.1.2.3.1 Key Strengths/Right To Win
- 5.1.2.3.2 Strategic Choices
- 5.1.2.3.3 Weaknesses/Competitive Threats
- 5.1.3 Hexcel Corporation
- 5.1.3.1 Business Overview
- 5.1.3.2 Products Offered
- 5.1.3.3 Mnm View
- 5.1.3.3.1 Key Strengths/Right To Win
- 5.1.3.3.2 Strategic Choices
- 5.1.3.3.3 Weaknesses/Competitive Threats
- 5.1.4 Toray Industries, Inc.
- 5.1.4.1 Business Overview
- 5.1.4.2 Products Offered
- 5.1.4.3 Mnm View
- 5.1.4.3.1 Key Strengths/Right To Win
- 5.1.4.3.2 Strategic Choices
- 5.1.4.3.3 Weaknesses/Competitive Threats
- 5.1.5 China Jushi Co., Ltd.
- 5.1.5.1 Business Overview
- 5.1.5.2 Products/Solutions/Services Offered
- 5.1.5.3 Recent Developments
- 5.1.5.3.1 Expansions
- 5.1.5.3.2 Others
- 5.1.5.4 Mnm View
- 5.1.5.4.1 Key Strengths/Right To Win
- 5.1.5.4.2 Strategic Choices
- 5.1.5.4.3 Weaknesses/Competitive Threats
- 5.1.6 Rochling Se & Co. Kg
- 5.1.6.1 Business Overview
- 5.1.6.2 Products Offered
- 5.1.6.3 Mnm View
- 5.1.6.3.1 Key Strengths/Right To Win
- 5.1.6.3.2 Strategic Choices
- 5.1.6.3.3 Weaknesses/Competitive Threats
- 5.1.7 Sgl Carbon
- 5.1.7.1 Business Overview
- 5.1.7.2 Products Offered
- 5.1.7.3 Mnm View
- 5.1.7.3.1 Key Strengths/Right To Win
- 5.1.7.3.2 Strategic Choices
- 5.1.7.3.3 Weaknesses/Competitive Threats
- 5.1.8 Dowaksa
- 5.1.8.1 Business Overview
- 5.1.8.2 Products Offered
- 5.1.8.3 Recent Developments
- 5.1.8.3.1 Deals
- 5.1.8.4 Mnm View
- 5.1.8.4.1 Key Strengths/Right To Win
- 5.1.8.4.2 Strategic Choices
- 5.1.8.4.3 Weaknesses/Competitive Threats
- 5.1.9 Exel Composites
- 5.1.9.1 Business Overview
- 5.1.9.2 Products Offered
- 5.1.9.3 Recent Developments
- 5.1.9.3.1 Deals
- 5.1.9.3.2 Others
- 5.1.9.4 Mnm View
- 5.1.9.4.1 Key Strengths/Right To Win
- 5.1.9.4.2 Strategic Choices
- 5.1.9.4.3 Weaknesses/Competitive Threats
- 5.1.10 Evonik
- 5.1.10.1 Business Overview
- 5.1.10.2 Products Offered
- 5.1.10.3 Mnm View
- 5.1.10.3.1 Key Strengths/Right To Win
- 5.1.10.3.2 Strategic Choices
- 5.1.10.3.3 Weaknesses/Competitive Threats
- 5.1.11 Arkema
- 5.1.11.1 Business Overview
- 5.1.11.2 Products Offered
- 5.1.11.3 Recent Developments
- 5.1.11.3.1 Others
- 5.1.11.4 Mnm View
- 5.1.11.4.1 Key Strengths/Right To Win
- 5.1.11.4.2 Strategic Choices
- 5.1.11.4.3 Weaknesses/Competitive Threats
- 5.1.12 Teijin Limited
- 5.1.12.1 Business Overview
- 5.1.12.2 Products Offered
- 5.1.12.3 Mnm View
- 5.1.12.3.1 Key Strengths/Right To Win
- 5.1.12.3.2 Strategic Choices
- 5.1.12.3.3 Weaknesses/Competitive Threats
- 5.1.13 Owens Corning
- 5.1.13.1 Business Overview
- 5.1.13.2 Products Offered
- 5.1.13.3 Mnm View
- 5.1.13.3.1 Key Strengths/Right To Win
- 5.1.13.3.2 Strategic Choices
- 5.1.13.3.3 Weaknesses/Competitive Threats
- 5.1.14 Exxon Mobil Corporation
- 5.1.14.1 Business Overview
- 5.1.14.2 Products Offered
- 5.1.14.3 Mnm View
- 5.1.14.3.1 Key Strengths/Right To Win
- 5.1.14.3.2 Strategic Choices
- 5.1.14.3.3 Weaknesses/Competitive Threats
- 5.1.15 Huntsman International Llc
- 5.1.15.1 Business Overview
- 5.1.15.2 Products Offered
- 5.1.15.3 Recent Developments
- 5.1.15.3.1 Product Launches
- 5.1.15.4 Mnm View
- 5.1.15.4.1 Key Strengths/Right To Win
- 5.1.15.4.2 Strategic Choices
- 5.1.15.4.3 Weaknesses/Competitive Threats
- 5.2 Other Players
- 5.2.1 Pultrex Ltd
- 5.2.2 Epsilon Composite
- 5.2.3 Aeron Composite Limited
- 5.2.4 Westlake Corporation
- 5.2.5 Elan Composites
- 5.2.6 Northern Light Composites
- 5.2.7 Jiuding New Material Co., Ltd.
- 5.2.8 Hs Hyosung Advanced Materials
- 5.2.9 Indore Composite
- 5.2.10 Reliance Industries Ltd.
- 6 Appendix
- 6.1 Research Methodology
- 6.1.1 Research Data
- 6.1.1.1 Secondary Data
- 6.1.1.2 Primary Data
- 6.1.2 Research Assumptions
- 6.1.3 Research Limitations And Risk Assessment
- 6.2 Company Evaluation Matrix: Methodology
- 6.3 Author Details
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