Wind Turbine Materials Market, Global, 2024-2031

Chemicals and Materials Wind Turbine Materials Market, Global, 2024-2031

Rising Focus on Improving Product Technologies and Developing New Alternatives is Driving Transformational Growth

RELEASE DATE
27-Feb-2025
REGION
Global
Deliverable Type
Research Code: PFPO-01-00-00-00
SKU: CM_2025_1319
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CM_2025_1319

Wind Turbine Materials Market, Global, 2024-2031
Published on: 27-Feb-2025 | SKU: CM_2025_1319

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Frost & Sullivan divided the wind turbine materials market into structural and non-structural materials. We further classified the structural materials market into metals, fiber-reinforced composites, and core materials, while the non-structural materials market contains coatings, adhesives and sealants, and lubricants. Each material has been segmented for various wind turbine components, such as the rotor, tower, and others (nacelle, generator, and gearbox). The main application areas are onshore and offshore.

We anticipate the consumption of structural materials to be massive, as they offer structural integrity or rigidity to the wind turbine while reducing its overall weight. The market for non-structural materials will likely record the highest CAGR in value and volume during the forecast period. These materials protect the turbines from corrosion and weathering, increasing the components' longevity and maintaining reliability.

The onshore segment accounted for the greatest share of the wind turbine materials market in 2024 and will likely maintain its dominance over the forecast period. However, with rising energy demand and the depletion of fossil fuels, government authorities worldwide have increased their focus on the offshore segment, which will considerably drive the expansion of associated materials during the forecast period.

Frost & Sullivan expects the overall consumption of wind turbine materials in the Middle East, Africa, and South Asia to increase significantly during the forecast period. This is mostly due to significant economic development, combined with industrialization activities, which creates a high demand for renewable energy in the region. Asia-Pacific accounted for the highest share of the wind turbine materials market in 2024 and will likely maintain its dominance during the forecast period. Urbanization and favorable government policies for increasing wind capacity installations drive the region's need for wind turbine materials for both onshore and offshore applications. We expect rising incidences of global warming and climate change-related events to boost the consumption of wind turbine materials, mainly for offshore applications in regions like Europe and the Americas.

Scope of Analysis

Segmentation

Segmentation (Continued)

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Global Wind Turbine Materials Industry

Key Takeaways

Emergence of Wooden owers

Materials for Wind Energy: Market Highlights

Key Aspects of Wind Turbines

Capacity Factor and Materials Demand

Trends in Small-scale Wind Turbines

Larger Wind Turbines

Wind Turbine Service and Maintenance

Decommissioning and Repowering

Composites Recycling

Composites Recycling (continued)

Competitive Environment

Key Competitors: Structural Materials

Key Competitors: Non-structural Materials

Growth Metrics

Growth Drivers

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Wind Turbine Materials: Key Regulatory Authorities

Value Chain

Value Chain Analysis

Forecast Assumptions

Revenue and Volume Forecast

Revenue Forecast by End Use

Volume Forecast by End Use

Revenue and Volume Forecast Analysis

Revenue and Volume Forecast Analysis by End Use

Revenue Forecast by Region

Volume Forecast by Region

Revenue and Volume Forecast Analysis by Region

Revenue and Volume Forecast Analysis by Region (continued)

Revenue Forecast by Material Type

Volume Forecast by Material Type

Forecast Analysis

Average Price Forecast: Structural

Average Price Forecast: Non-structural

Pricing Trends and Forecast Analysis

Revenue Forecast by Material Type: Structural Materials

Volume Forecast by Material Type: Structural Materials

Revenue Forecast by Material Type: Non-structural Materials

Volume Forecast by Material Type: Non-structural Materials

Structural and Non-structural Materials

Structural: Steel

Structural: Fiber-reinforced Composites

Structural: Core Materials

Non-structural: Coatings

Non-structural: Coatings (continued)

Non-structural: Adhesives and Sealants

Non-structural: Lubricants

Market Share Analysis by Structural Material Type

Market Share Analysis by Non-structural Material Type

Overview

Areas of Materials Research for Wind Turbine Blades

Growth Metrics

Revenue and Volume Forecast

Revenue and Volume Forecast Analysis

Revenue Forecast by Material Type

Volume Forecast by Material Type

Revenue Forecast by Material Type: Structural Materials

Volume Forecast by Material Type: Structural Materials

Revenue Forecast by Material Type: Non-structural Materials

Volume Forecast by Material Type: Non-structural Materials

Volume Share Forecast by Rotor Material Type

Structural Materials Used in Rotor

Structural Materials Used in Rotor (continued)

Structural Materials Used in Rotor (continued)

Non-structural Materials Used in Rotor

Non-structural Materials Used in Rotor (continued)

Non-structural Materials Used in Rotor (continued)

Overview

Growth Metrics

Revenue and Volume Forecast

Revenue and Volume Forecast Analysis

Revenue Forecast by Material Type

Volume Forecast by Material Type

Revenue Forecast by Material Type: Structural Materials

Volume Forecast by Material TypeStructural Materials

Revenue Forecast by Material Type: Non-structural Materials

Volume Forecast by Material TypeNon-structural Materials

Volume Share Forecast by Tower Material Type

Structural Materials Used in Tower

Non-structural Materials Used in Tower

Overview

Growth Metrics

Revenue and Volume Forecast

Revenue and Volume Forecast Analysis

Revenue Forecast by Material Type

Volume Forecast by Material Type

Revenue Forecast by Material Type: Structural Materials

Volume Forecast by Material Type: Structural Materials

Revenue Forecast by Material Type: Non-structural Materials

Volume Forecast by Material Type: Non-structural Materials

Volume Share Forecast by Others Material Type

Structural Materials Used in Other Wind Turbine Components

Non-structural Materials Used in Other Wind Turbine Components

Growth Opportunity 1: Diversify and Strengthen Materials Supply

Growth Opportunity 1: Diversify and Strengthen Materials Supply (continued)

Growth Opportunity 2: Develop Higher Quality Materials for Offshore Turbines

Growth Opportunity 2: Develop Higher Quality Materials for Offshore Turbines (continued)

Growth Opportunity 3: Improve Product Technology to Lower Maintenance Costs and Frequency

Growth Opportunity 3: Improve Product Technology to Lower Maintenance Costs and Frequency (continued)

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • Wind Turbine Blade Recycling: Value Chain, Global, 2024
  • Wind Turbine Materials: Growth Metrics, Global, 2024
  • Wind Turbine Materials: Growth Drivers, Global, 2025–2031
  • Wind Turbine Materials: Growing Turbine Sizes, Global, 2024
  • Offshore Wind: Annual Capacity Additions by Region, Global, 2022
  • Share of Turbines Over 10 Years Old, Global, 2010–2030
  • Wind Turbine Materials: Growth Restraints, Global, 2025–2031
  • Wind Turbine Materials: Summary of Growth Drivers and Restraints, Global, 2024–2031
  • Wind Turbine Materials: Revenue and Volume Forecast, Global, 2020–2031
  • Wind Turbine Materials: Revenue Forecast by End Use, Global, 2020–2031
  • Wind Turbine Materials: Volume Forecast by End Use, Global, 2020–2031
  • Wind Turbine Materials: Revenue Forecast by Region, Global, 2020–2031
  • Wind Turbine Materials: Volume Forecast by Region, Global, 2020–2031
  • Wind Turbine Materials: Revenue Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Materials: Volume Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Materials: Average Price Forecast for Structural Materials, Global, 2020–2031
  • Wind Turbine Materials: Average Price Forecast for Non-structural Materials, Global, 2020–2031
  • Wind Turbine Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Steel: Volume Share by Component, Global, 2024
  • Wind Turbine Composite: Volume Share by Component, Global, 2024
  • Wind Turbine Core: Volume Share by Component, Global, 2024
  • Wind Turbine Coatings: Volume Share by Component, Global, 2024
  • Wind Turbine Adhesives and Sealants: Volume Share by Component, Global, 2024
  • Wind Turbine Lubricants: Volume Share by Component, Global, 2024
  • Wind Turbine Metals: Market Share, Global, 2023
  • Wind Turbine FRC: Market Share, Global, 2023
  • Wind Turbine Core: Market Share, Global, 2023
  • Wind Turbine Coatings: Market Share, Global, 2023
  • Wind Turbine A&S: Market Share, Global, 2023
  • Wind Turbine Lubricants: Market Share, Global, 2023
  • Wind Turbine Rotor Materials: Growth Metrics, Global, 2024
  • Wind Turbine Rotor Materials: Revenue and Volume Forecast, Global, 2020–2031
  • Wind Turbine Rotor Materials: Revenue Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Rotor Materials: Volume Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Rotor Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Rotor Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Rotor Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Rotor Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Rotor Materials: Volume Share by Material Type, Global, 2024
  • Wind Turbine Rotor Materials: Volume Share by Material Type, Global, 2031
  • Wind Turbine Tower Materials: Growth Metrics, Global, 2024
  • Wind Turbine Tower Materials: Revenue and Volume Forecast, Global, 2020–2031
  • Wind Turbine Tower Materials: Revenue Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Tower Materials: Volume Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Tower Materials: Revenue Forecast by Material Type—Metals, Global, 2020–2031
  • Wind Turbine Tower Materials: Volume Forecast by Material Type—Metals, Global, 2020–2031
  • Wind Turbine Tower Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Tower Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Tower Materials: Volume Share by Material Type, Global, 2024
  • Wind Turbine Tower Materials: Volume Share by Material Type, Global, 2031
  • Wind Turbine Other* Materials: Growth Metrics, Global, 2024
  • Wind Turbine Other* Materials: Revenue and Volume Forecast, Global, 2020–2031
  • Wind Turbine Other* Materials: Revenue Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Other* Materials: Volume Forecast by Material Type, Global, 2020–2031
  • Wind Turbine Other* Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Other* Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031
  • Wind Turbine Other* Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Other* Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031
  • Wind Turbine Other* Materials: Volume Share by Material Type, Global, 2024
  • Wind Turbine Other* Materials: Volume Share by Material Type, Global, 2031
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Frost & Sullivan divided the wind turbine materials market into structural and non-structural materials. We further classified the structural materials market into metals, fiber-reinforced composites, and core materials, while the non-structural materials market contains coatings, adhesives and sealants, and lubricants. Each material has been segmented for various wind turbine components, such as the rotor, tower, and others (nacelle, generator, and gearbox). The main application areas are onshore and offshore. We anticipate the consumption of structural materials to be massive, as they offer structural integrity or rigidity to the wind turbine while reducing its overall weight. The market for non-structural materials will likely record the highest CAGR in value and volume during the forecast period. These materials protect the turbines from corrosion and weathering, increasing the components' longevity and maintaining reliability. The onshore segment accounted for the greatest share of the wind turbine materials market in 2024 and will likely maintain its dominance over the forecast period. However, with rising energy demand and the depletion of fossil fuels, government authorities worldwide have increased their focus on the offshore segment, which will considerably drive the expansion of associated materials during the forecast period. Frost & Sullivan expects the overall consumption of wind turbine materials in the Middle East, Africa, and South Asia to increase significantly during the forecast period. This is mostly due to significant economic development, combined with industrialization activities, which creates a high demand for renewable energy in the region. Asia-Pacific accounted for the highest share of the wind turbine materials market in 2024 and will likely maintain its dominance during the forecast period. Urbanization and favorable government policies for increasing wind capacity installations drive the region's need for wind turbine materials for both onshore and offshore applications. We expect rising incidences of global warming and climate change-related events to boost the consumption of wind turbine materials, mainly for offshore applications in regions like Europe and the Americas.
More Information
Author Simran Tamboli
Industries Chemicals and Materials
No Index No
Is Prebook No
Keyword 1 Wind turbine materials market
Keyword 2 Wind energy market growth
Keyword 3 Sustainable wind power materials
List of Charts and Figures Wind Turbine Blade Recycling: Value Chain, Global, 2024~ Wind Turbine Materials: Growth Metrics, Global, 2024~ Wind Turbine Materials: Growth Drivers, Global, 2025–2031~ Wind Turbine Materials: Growing Turbine Sizes, Global, 2024~ Offshore Wind: Annual Capacity Additions by Region, Global, 2022~ Share of Turbines Over 10 Years Old, Global, 2010–2030~ Wind Turbine Materials: Growth Restraints, Global, 2025–2031~ Wind Turbine Materials: Summary of Growth Drivers and Restraints, Global, 2024–2031~ Wind Turbine Materials: Revenue and Volume Forecast, Global, 2020–2031~ Wind Turbine Materials: Revenue Forecast by End Use, Global, 2020–2031~ Wind Turbine Materials: Volume Forecast by End Use, Global, 2020–2031~ Wind Turbine Materials: Revenue Forecast by Region, Global, 2020–2031~ Wind Turbine Materials: Volume Forecast by Region, Global, 2020–2031~ Wind Turbine Materials: Revenue Forecast by Material Type, Global, 2020–2031~ Wind Turbine Materials: Volume Forecast by Material Type, Global, 2020–2031~ Wind Turbine Materials: Average Price Forecast for Structural Materials, Global, 2020–2031~ Wind Turbine Materials: Average Price Forecast for Non-structural Materials, Global, 2020–2031~ Wind Turbine Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Steel: Volume Share by Component, Global, 2024~ Wind Turbine Composite: Volume Share by Component, Global, 2024~ Wind Turbine Core: Volume Share by Component, Global, 2024~ Wind Turbine Coatings: Volume Share by Component, Global, 2024~ Wind Turbine Adhesives and Sealants: Volume Share by Component, Global, 2024~ Wind Turbine Lubricants: Volume Share by Component, Global, 2024~ Wind Turbine Metals: Market Share, Global, 2023~ Wind Turbine FRC: Market Share, Global, 2023~ Wind Turbine Core: Market Share, Global, 2023~ Wind Turbine Coatings: Market Share, Global, 2023~ Wind Turbine A&S: Market Share, Global, 2023~ Wind Turbine Lubricants: Market Share, Global, 2023~ Wind Turbine Rotor Materials: Growth Metrics, Global, 2024~ Wind Turbine Rotor Materials: Revenue and Volume Forecast, Global, 2020–2031~ Wind Turbine Rotor Materials: Revenue Forecast by Material Type, Global, 2020–2031~ Wind Turbine Rotor Materials: Volume Forecast by Material Type, Global, 2020–2031~ Wind Turbine Rotor Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Rotor Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Rotor Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Rotor Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Rotor Materials: Volume Share by Material Type, Global, 2024~ Wind Turbine Rotor Materials: Volume Share by Material Type, Global, 2031~ Wind Turbine Tower Materials: Growth Metrics, Global, 2024~ Wind Turbine Tower Materials: Revenue and Volume Forecast, Global, 2020–2031~ Wind Turbine Tower Materials: Revenue Forecast by Material Type, Global, 2020–2031~ Wind Turbine Tower Materials: Volume Forecast by Material Type, Global, 2020–2031~ Wind Turbine Tower Materials: Revenue Forecast by Material Type—Metals, Global, 2020–2031~ Wind Turbine Tower Materials: Volume Forecast by Material Type—Metals, Global, 2020–2031~ Wind Turbine Tower Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Tower Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Tower Materials: Volume Share by Material Type, Global, 2024~ Wind Turbine Tower Materials: Volume Share by Material Type, Global, 2031~ Wind Turbine Other* Materials: Growth Metrics, Global, 2024~ Wind Turbine Other* Materials: Revenue and Volume Forecast, Global, 2020–2031~ Wind Turbine Other* Materials: Revenue Forecast by Material Type, Global, 2020–2031~ Wind Turbine Other* Materials: Volume Forecast by Material Type, Global, 2020–2031~ Wind Turbine Other* Materials: Revenue Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Other* Materials: Volume Forecast by Material Type—Structural Materials, Global, 2020–2031~ Wind Turbine Other* Materials: Revenue Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Other* Materials: Volume Forecast by Material Type—Non-structural Materials, Global, 2020–2031~ Wind Turbine Other* Materials: Volume Share by Material Type, Global, 2024~ Wind Turbine Other* Materials: Volume Share by Material Type, Global, 2031~
Podcast No
Predecessor MF23-01-00-00-00
WIP Number PFPO-01-00-00-00