Composite Materials In Renewable Energy Market Size and Share

Composite Materials In Renewable Energy Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Composite Materials In Renewable Energy Market Analysis by Mordor Intelligence

The composite materials in the renewable energy market were valued at USD 10.16 billion in 2025 and are forecast to expand at an 8.05% CAGR, reaching USD 14.96 billion by 2030. Rapid capacity additions in wind, solar, and hydrogen projects demand lighter, stronger structures that extend component lifetimes and shrink carbon footprints. Government clean-energy mandates, breakthroughs in recyclable thermoplastic platforms, and the need for lightweight materials that endure harsh offshore and desert climates combine to accelerate procurement cycles. Automated fibre placement, 3D printing, and other Industry 4.0 processes are compressing production timelines while trimming manufacturing scrap. At the same time, vertically integrated suppliers are consolidating fibre spinning, resin synthesis, and part fabrication to secure critical inputs amid supply-chain tension. These intersecting forces position the composite materials in the renewable energy market for a decade of steady, innovation-driven growth.

Key Report Takeaways

  • By fibre type, glass-fibre-reinforced plastics led with 55.25% revenue share in 2024; carbon fibre is projected to grow fastest at 8.62% CAGR to 2030. 
  • By resin matrix, epoxy accounted for 45.86% revenue share in 2024; bio-resins and recycled resins are projected to grow fastest at 8.04% CAGR through 2030. 
  • By manufacturing process, vacuum infusion dominated with a 34.28% share in 2024, while automated fibre placement and 3D printing will expand at a 7.96% CAGR to 2030. 
  • By application, wind power held 56.04% of composite materials in the renewable energy market share in 2024, whereas other applications, such as green-hydrogen storage and floating solar installations, are projected to advance at the fastest CAGR of 7.78% through 2030. 
  • By geography, Asia-Pacific accounted for 44.68% of the composite materials in the renewable energy market size in 2024 and is forecast to post an 8.12% CAGR through 2030. 

Segment Analysis

By Fibre Type: Carbon Fibre Expands Premium Niches

The segment generated the largest revenue contribution in 2024, when GFRP held 55.25% of composite materials in the renewable energy market share. Carbon fibre’s 8.62% CAGR reflects rotor diameters that eclipse 120 m, where stiffness and fatigue performance justify its 5-10× cost premium. SGL Carbon’s supply agreements for 80 m-plus blades illustrate vertical moves into energy from aerospace. Fibre-hybrid lay-ups blending basalt and natural fibre reduce embodied carbon yet maintain required modulus, expanding options for mid-range turbine classes. Bio-based lignin fibre research in Germany offers a future cost-reduction lever, although commercial volumes remain limited. Recycled carbon fibre is steadily integrating into secondary structures as mechanical recycling preserves 60-70% original tensile strength, further diversifying feedstocks and tempering raw material price swings.

Composite Materials in Renewable Energy Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment Share of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Resin Matrix: Bio-Resins Gain Momentum

Epoxy maintained a 45.86% revenue share in 2024 thanks to mature supply chains and high fatigue resistance. Yet bio-resins and recycled resins are expanding at an 8.04% CAGR as OEMs race to satisfy circular-economy mandates. Dow and Vestas have qualified polyurethane spar-cap chemistries that enable rapid pultrusion while elevating interlaminar toughness. Sicomin’s SGi 128 bio-epoxy gel coat demonstrates fire-safe solutions with 35% renewable content. Thermoplastic matrices such as Elium offer the added benefit of repairability and melt recycling, pivoting the composite materials in the renewable energy market toward closed-loop economics.

By Manufacturing Process: Automation Redefines Cost Curves

Vacuum infusion delivered 34.28% of 2024 revenue, retaining primacy for 50-plus-meter blades due to favorable glass-volume fraction and low volatile-organic emissions. Automated fibre placement, robotic filament winding, and 3D printing represent the fastest-growing cluster at a 7.96% CAGR. National Renewable Energy Laboratory prototypes show that additive nacelle covers reduce waste by 20% and cycle time by 35% versus hand lay-up. Solvay’s robotic winding cell achieves 100 m/min deposition, eliminating manual defects. AI-driven cure-cycle control lowers scrap rates, supporting stable throughput despite material batch variability. These shifts recalibrate cost bases and reinforce the competitive edge of well-capitalized plants across the composite materials in the renewable energy market.

By Application: Wind Dominates, Hydrogen Storage Surges

Wind turbines accounted for 56.04% of 2024 sales, yet green-hydrogen storage, tidal devices, and floating photovoltaics are growing at 7.78% CAGR. Composite type-IV and emerging type-V tanks permit 700-bar storage with gravimetric densities outperforming steel by nearly 65%, making them essential for distributed hydrogen refueling stations. AC Marine & Composites’ blade deal for Orbital Marine’s 2 MW tidal unit underscores marine adoption. Floating solar deployments in Southeast Asia and the Middle East demand lightweight, corrosion-proof pontoons that withstand biofouling and UV exposure, tilting procurement toward thermoplastic composites.

Composite Materials in Renewable Energy Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment Share of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

Geography Analysis

Asia-Pacific commanded 44.68% of the composite materials in the renewable energy market size in 2024 and is on track for an 8.12% CAGR through 2030. China anchors the region with end-to-end supply chains, yet its 2024 recycling standards raise compliance costs that favor integrated local champions. India’s USD 2.4 billion Hydrogen Mission and defense-sector carbon-fibre push reinforce domestic production incentives. Japan’s perovskite roadmap aims for 38.3 GW by 2040 via flexible composite substrates, a pivot that may recalibrate global solar module architectures. South Korea leverages shipbuilding know-how to enter offshore wind composites, while Australia tests floating solar on inland reservoirs, showcasing regional diversity in end-use cases.

North America benefits from USD 369 billion of Inflation Reduction Act funding, with domestic-content bonuses catalyzing plant expansion in Texas, New York, and Ontario[3]U.S. Department of Energy, “Inflation Reduction Act Clean Energy Guidance,” energy.gov. GE Vernova’s USD 600 million manufacturing buildout exemplifies reshoring moves that cut trans-Pacific logistics risk. Canada’s aerospace-composite cluster supports the transfer of out-of-autoclave methods to tidal-turbine shells, while Mexico’s cost-competitive labor pool draws pultruders for solar-rack exports. The region’s challenge is scaling fibre production to prevent over-dependence on imports, a gap several joint ventures aim to close by 2027.

Europe wields regulatory clout, steering global norms on recyclability and embodied carbon. The ZEBRA project’s thermoplastic blade success positions the continent as a technology frontrunner. Germany’s lignin-fibre pilot lines symbolize R&D leadership, whereas France leverages aerospace heritage to refine high-modulus prepregs. The UK National Composites Centre’s SusWIND program validates multiple recycling routes, giving OEMs design flexibility. Offshore wind buildout in the North Sea and Baltic drives sustained fibre demand, though high energy costs compel automation to defend margins.

Composite Materials in Renewable Energy Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Analysis on Important Geographic Markets
Download PDF

Competitive Landscape

The composite materials in the renewable energy market exhibit moderate fragmentation. Sustainability remains a key driver, accelerating R&D in bio-resins and blade recyclability. Strategic moves, such as Toray’s acquisition of a Dutch prepreg line and Owens Corning’s investment in thermoplastic recycling, emphasize vertical integration and alignment with circular-economy mandates. Established leaders maintain a competitive edge through scale in raw-fibre procurement and global qualification data sets, despite potential disruption from new technologies like rapid-cure thermoplastics and AI-enabled process control.

Composite Materials In Renewable Energy Industry Leaders

  1. TEIJIN LIMITED

  2. TORAY INDUSTRIES, INC.

  3. Owens Corning

  4. Gurit Services AG

  5. Hexcel Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Composite Materials in Renewable Energy Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • September 2024: Kineco Exel Composites India secured a contract to manufacture pultruded carbon fibre planks for Vestas Wind Systems. Deliveries are expected to commence in late 2025 from a newly established facility in Goa, India.
  • June 2023: Solvay announced the future names of its independent publicly traded entities, following its planned separation first reported in March 2022. The new names, "Solvay" and "Syensqo," will become effective upon the completion of the separation, which was anticipated by December 2023, subject to customary conditions. Syensqo will encompass the company’s composites business.

Table of Contents for Composite Materials In Renewable Energy Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Reduced weight versus metallic structures
    • 4.2.2 Growing demand for longer wind-turbine blades
    • 4.2.3 Government inclination towards the adoption of renwable energy
    • 4.2.4 Commercialisation of thermoplastic recyclable blade platforms
    • 4.2.5 Rising adoption of 3-D printed composite parts in floating solar & tidal devices
  • 4.3 Market Restraints
    • 4.3.1 High research and development and tooling CAPEX
    • 4.3.2 Recycling & landfill-ban compliance costs
    • 4.3.3 Concerns regarding the durability and fire resistance of some composite materials
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Fibre Type
    • 5.1.1 Glass-Fibre-Reinforced Plastics (GFRP)
    • 5.1.2 Carbon-Fibre-Reinforced Plastics (CFRP)
    • 5.1.3 Fibre-Reinforced Polymers (FRP)
    • 5.1.4 Other Fibre Types (Hybrid and Other Fibres, etc.)
  • 5.2 By Resin Matrix
    • 5.2.1 Epoxy
    • 5.2.2 Polyester
    • 5.2.3 Polyurethane
    • 5.2.4 Thermoplastic
    • 5.2.5 Bio-resins and Recycled Resins
  • 5.3 By Manufacturing Process
    • 5.3.1 Vacuum Infusion
    • 5.3.2 Prepreg/Autoclave
    • 5.3.3 Pultrusion
    • 5.3.4 Automated Fibre Placement / 3-D Printing
    • 5.3.5 Compression Moulding (SMC, BMC)
  • 5.4 By Application
    • 5.4.1 Wind Power
    • 5.4.2 Solar Power
    • 5.4.3 Hydroelectricity
    • 5.4.4 Other Applications (Green-Hydrogen & Energy-Storage Vessels)
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
    • 6.4.1 Changzhou Tiansheng New Materials Co. Ltd
    • 6.4.2 EPSILON Composite SAS
    • 6.4.3 EURO-COMPOSITES
    • 6.4.4 Evonik Industries AG
    • 6.4.5 Exel Composites
    • 6.4.6 GE Vernova
    • 6.4.7 Gurit Services AG
    • 6.4.8 Jiangsu Hengshen Co.,Ltd
    • 6.4.9 Hexcel Corporation
    • 6.4.10 HS HYOSUNG ADVANCED MATERIALS
    • 6.4.11 LM WIND POWER
    • 6.4.12 Mitsubishi Chemical Group Corporation
    • 6.4.13 Norco Composites & GRP
    • 6.4.14 Owens Corning
    • 6.4.15 Plastic Reinforcement Fabrics Ltd
    • 6.4.16 SGL Carbon
    • 6.4.17 Siemens Gamesa Renewable Energy, S.A.U
    • 6.4.18 Solvay
    • 6.4.19 TEIJIN LIMITED
    • 6.4.20 TORAY INDUSTRIES, INC.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the composite materials in renewable energy market as the yearly factory-gate value of glass, carbon, and hybrid fiber reinforced polymer systems that are built into new wind turbine blades and nacelles, solar panel frames and trackers, small hydro runner assemblies, plus emerging hydrogen-storage and grid-storage pressure vessels. The estimate tracks material sales only, not the finished generation assets, which lets us isolate the true composites demand curve that equipment builders face.

Scope Exclusions: Refurbishment parts, legacy fiberglass insulation, and composites used in electric vehicles or civil infrastructure lie outside the present scope.

Segmentation Overview

  • By Fibre Type
    • Glass-Fibre-Reinforced Plastics (GFRP)
    • Carbon-Fibre-Reinforced Plastics (CFRP)
    • Fibre-Reinforced Polymers (FRP)
    • Other Fibre Types (Hybrid and Other Fibres, etc.)
  • By Resin Matrix
    • Epoxy
    • Polyester
    • Polyurethane
    • Thermoplastic
    • Bio-resins and Recycled Resins
  • By Manufacturing Process
    • Vacuum Infusion
    • Prepreg/Autoclave
    • Pultrusion
    • Automated Fibre Placement / 3-D Printing
    • Compression Moulding (SMC, BMC)
  • By Application
    • Wind Power
    • Solar Power
    • Hydroelectricity
    • Other Applications (Green-Hydrogen & Energy-Storage Vessels)
  • By Geography
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle East and Africa

Detailed Research Methodology and Data Validation

Primary Research

Mordor analysts interviewed wind-blade manufacturers, solar tracker fabricators, epoxy formulators, and regional trade groups across Asia-Pacific, Europe, and North America. Conversations tested preliminary density-per-megawatt ratios, verified average selling prices, and highlighted recycling mandates that could alter resin demand.

Desk Research

We began with energy installation and capacity build-out statistics from sources such as the International Energy Agency, the Global Wind Energy Council, and the US Energy Information Administration, which outline megawatt additions by technology. Company filings retrieved through D&B Hoovers, customs shipment data from Volza, and patent trends accessed via Questel then helped us map average composite usage per megawatt and resin mix shifts. Academic papers from journals like Composites Science and Technology clarified density and yield factors, while National Renewable Energy Laboratory white papers illustrated cost learning curves. The list above is illustrative; several other open and subscription datasets supported data checks and context.

Market-Sizing & Forecasting

A top-down build converts announced renewable capacity additions into composite demand through material-intensity coefficients, which are then cross-checked with sampled supplier revenue roll-ups for plausibility. Key variables include new onshore and offshore wind capacity (GW), average blade length trends, composite content per solar MW, resin price indices, and carbon-fiber penetration rates. Multivariate regression, supported by ARIMA validation on historical installations, projects each driver to 2030. Gap years without public data are filled using linear interpolation moderated by primary-research sentiment.

Data Validation & Update Cycle

Every draft model passes an anomaly screen, variance checks against third-party energy data, and a two-analyst peer review before sign-off. Reports refresh yearly, and material policy shifts trigger interim updates, so clients always receive the latest view.

Why Mordor's Composite Materials In Renewable Energy Baseline Commands Reliability

Published estimates often diverge because firms pick different energy scopes, price assumptions, and update cadences.

Key gap drivers include whether refurbished parts are counted, how aggressively future blade lengths are modeled, and the breadth of end-use segments folded into totals.

Mordor limits the scope to original equipment demand, applies region-specific ASP curves, and refreshes inputs annually, yielding a balanced baseline.

Benchmark comparison

Market Size Anonymized source Primary gap driver
USD 10.16 B Mordor Intelligence -
USD 16.00 B Global Consultancy A Adds replacement parts and bioenergy vessels, inflating base
USD 13.28 B Sector Specialist B Focuses on wind-blade composites only; omits solar and hydro use, applies uniform ASP uplift

These comparisons show that once differing scopes and price ladders are stripped away, Mordor's disciplined, annually refreshed approach provides the most dependable starting point for strategic decisions.

Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the current Composite Materials in Renewable Energy Market size?

The Composite Materials in Renewable Energy Market size is USD 10.16 billion in 2025 and is on course to hit USD 14.96 billion by 2030 at an 8.05% CAGR.

Which application has the biggest share in Composite Materials in Renewable Energy Market?

Wind power accounts for 56.04% of current sales, reflecting the sheer scale of global onshore and offshore installations.

Which is the fastest growing region in Composite Materials in Renewable Energy Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

How are governments influencing the market’s trajectory?

Policies such as the U.S. Inflation Reduction Act, China’s green-factory rules, and India’s Hydrogen Mission provide financial incentives and domestic-content requirements that spur regional composite production.

Page last updated on:

Composite Materials In Renewable Energy Report Snapshots