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Globe and Mail
16 hours ago
- Business
- Globe and Mail
Wind Blade Composites Market: Cost, Price, Revenue Analysis Industry Chain Report 2025
The Wind Blade Composites industry is witnessing steady growth driven by the global shift toward renewable energy. Increasing wind energy installations and demand for lightweight, durable materials are fueling innovation. Key companies such as LM Wind Power, TPI Composites, and Siemens Gamesa are investing in advanced composite technologies to enhance performance and reduce lifecycle costs. 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 report provides key insights about wind blade composites market drivers, restraints, opportunities, new product launches or approvals. The wind blade composites market is driven by several key factors, including the increasing global demand for renewable energy, supportive government policies advancing sustainable energy solutions, and significant advancements in material technology. The primary materials used in wind blade composites are glass fiber reinforced polymers and carbon fiber composites, which exhibit outstanding properties such as high strength-to-weight ratios, fatigue resistance, corrosion resistance, design flexibility, thermal stability, and low maintenance requirements, making them the preferred choice for wind blade manufacturing. Furthermore, innovations in manufacturing technologies—such as the implementation of 3D printing, advanced molding techniques, and robotic layup processes—have streamlined production, enhanced quality, and reduced costs. These advancements enable the creation of more complex and aerodynamic blade shapes, leading to improved energy capture and overall efficiency. Download PDF Brochure: Glass fiber segment dominated wind blade composites market, in terms of value, in 2024 Glass fiber is a predominant material in the wind blade composites market, largely due to its optimal combination of strength, durability, and cost-effectiveness. This material exhibits exceptional mechanical properties, notably a high strength-to-weight ratio, which is critical for the production of large, lightweight, and resilient wind turbine blades. These blades are designed to endure operational stresses and harsh environmental conditions. The cost-effectiveness of glass fiber is particularly significant in the wind energy sector, where large-scale production and economic viability are paramount. Additionally, glass fiber offers excellent chemical resistance, stiffness, and fatigue resistance, contributing to extended service life and minimizing maintenance requirements for wind blades. Its compatibility with various resin systems and well-established manufacturing processes facilitates the fabrication of complex aerodynamic shapes, optimizing blade performance and maximizing energy output. Epoxy segment accounted for largest share of wind blade composites market, in terms of value, in 2024 Epoxy resin dominates the market within the resin type category due to its exceptional mechanical strength and adhesive properties. As the integral matrix material, it effectively binds reinforcing fibers—commonly glass or carbon fibers—thereby ensuring structural integrity and efficient load transfer throughout the blade. The high strength, stiffness, and resilient nature of epoxy resins provide crucial protection against environmental factors such as moisture, UV radiation, and temperature fluctuations, all vital for the durability of wind blades subjected to demanding outdoor conditions. Furthermore, the chemical versatility of epoxy resins facilitates customized curing processes and enhanced toughness, significantly improving the blades' fatigue resistance and overall performance. Blade size over 50 meters to register highest CAGR in wind blade composites market during forecast period The segment of wind blades exceeding 50 meters in length is anticipated to register the highest CAGR in the wind blade composites market. This growth is driven by the industry's emphasis on enhancing energy efficiency and the imperative to optimize power output from wind turbines. Longer blades are capable of sweeping a larger surface area, enabling them to capture a greater volume of wind, which directly translates to increased electricity generation. This ultimately enhances the overall efficiency and economic viability of wind energy projects. Moreover, advancements in composite technology, particularly incorporating carbon fiber in critical structural components and developing advanced resin systems, have facilitated the manufacturing of ultra-long blades. These innovations contribute to elevated energy yields and lower the cost associated with wind power generation. Offshore wind turbines segment to register highest CAGR in wind blade composites market during forecast period The offshore wind turbine sector is poised to experience the highest growth rate within the wind blade composites market. This sector is undergoing rapid expansion, with global capacity additions projected to escalate from 16 GW in 2025 to 34 GW by 2030, capturing a larger share of new wind installations globally. Consequently, there is a heightened demand for efficient and visually appealing offshore wind turbines aimed at large-scale renewable energy production. Significant investments in offshore wind energy projects in nations such as Germany, the Netherlands, Denmark, and Belgium necessitate the development of larger and more resilient wind turbine blades. These blades must incorporate advanced composite materials to endure the demanding marine conditions prevalent in saltwater environments, including corrosion, high humidity, and severe weather phenomena. Asia Pacific accounted for largest share of wind blade composites market in terms of value and volume in 2024 In 2024, the Asia Pacific region represented the largest market share, primarily driven by rapid advancements in its renewable energy sector, particularly in wind power. Significant investments in wind energy infrastructure by countries such as China, India, and Japan aim to address increasing energy demands and meet sustainability objectives. Leading manufacturers, including Teijin Limited, China National Building Material Group Corporation, China Jushi Co., Ltd., and Toray Industries, Inc., are establishing production facilities in developing nations to leverage cost advantages, access to skilled labor, and proximity to local and international markets. This region also enjoys the benefit of abundant raw materials, efficient manufacturing processes, and supportive government policies and incentives, which collectively enhance the production and integration of composite materials for wind blades. Furthermore, recent innovations in China have led to the development of a method for recycling decommissioned wind turbine blades into asphalt mixtures for road construction. Wind Blade Composites Companies Prominent companies in this market include China Jushi Co., Ltd. (China), DowAksa (Turkey), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Gurit Services AG (Switzerland), China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), Röchling (Germany), Exel Composites (Finland), Evonik (Germany), Arkema (France), Owens Corning (US), Exxon Mobil (US), and Huntsman (US). 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. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Malay Mail
18-07-2025
- Business
- Malay Mail
Skyborn confirms Siemens Gamesa turbine supply and service agreement for Gennaker project
Agreements with Siemens Gamesa aim to ensure supply of the Gennaker offshore wind farm with 63 SG 14-236 wind turbines and their long-term maintenance. Gennaker will add up to 976.5 MW to Germany's renewables capacity*. From the left: Michael Prutsch (Skyborn - Gennaker Project Director), Patrick Lammers (Skyborn - CEO), Marc Becker (Siemens Gamesa – Senior Vice President for Offshore) and Mogens Jakobsen (Siemens Gamesa – Head of Sales). HAMBURG, GERMANY - EQS Newswire - 18 July 2025 - Skyborn Renewables (Skyborn) is delighted to confirm execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA), with Siemens Gamesa for the provision of 63 SG 14-236**wind turbines and their long term service. Both agreements are based on the Master Supply Agreement signed by Skyborn and Siemens Gamesa in June 2024 . The agreements are conditional and subject to conditions precedent, including a notice to proceed from Skyborn. Installation at sea is set to begin in early agreements strengthen the long-term partnership between the two companies and upgrade the wind turbine technology for Gennaker to signature took place in Hamburg in presence of Patrick Lammers (Skyborn - CEO), Michael Prutsch (Skyborn - Gennaker Project Director), Marc Becker (Siemens Gamesa – Senior Vice President for Offshore) and Mogens Jakobsen (Siemens Gamesa – Head of Sales)."We are thrilled to see the Turbine Supply Agreement and the long-term service agreement with Siemens Gamesa coming to completion. It is another step towards Gennaker's commissioning. Siemens Gamesa is a partner of choice for offshore wind turbines and we are delighted to be partnering with them again. Gennaker our blue-print project, is the showcase of our end-to-end delivery capabilities, with standardized process to bring new offshore wind projects to life every 12 to 18 months." explains Patrick Lammers, Skyborn CEO. "Gennaker, as the largest offshore wind farm in the German Baltic Sea, will contribute to Germany's climate goals by boosting renewable energy production in the electrical mix." Lammers Becker, Senior Vice President of Siemens Gamesa for Offshore adds: "We have successfully partnered with Skyborn on four offshore wind projects across France, Taiwan, and Germany. With Gennaker, our joint portfolio will surpass 3 GW of clean energy capacity. As the project moves toward final investment decision, we stand ready to deliver our SG 14-236 workhorse turbine, already backed by a robust order book exceeding 16 GW."With a capacity of up to 976.5 MW, Gennaker is to become the largest offshore wind farm in the German Baltic Sea to date. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial building permit for the Gennaker site in May 2019 and maintains site exclusivity for development. Once commissioned, the project will supply approximately 1 million people with green electricity. Gennaker is planned to be commissioned in #skyborn The issuer is solely responsible for the content of this announcement. About Skyborn Renewables Skyborn is an accomplished offshore wind developer and operator with more than 20 years' experience, headquartered in Germany. The company's capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock. For more information, visit: Follow us on LinkedIn:
Yahoo
26-06-2025
- Automotive
- Yahoo
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
By Christoph Steitz ERLANGEN, Germany (Reuters) -Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth, Ningbo Yunsheng and Baotou Tianhe Magnetics Technology. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said.
Reuters
26-06-2025
- Business
- Reuters
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
ERLANGEN, Germany, June 26 (Reuters) - Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy ( opens new tab, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK (6762.T), opens new tab. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth ( opens new tab, Ningbo Yunsheng ( opens new tab and Baotou Tianhe Magnetics Technology ( opens new tab. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said.
Yahoo
26-06-2025
- Business
- Yahoo
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
By Christoph Steitz ERLANGEN, Germany (Reuters) -Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth, Ningbo Yunsheng and Baotou Tianhe Magnetics Technology. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said. Sign in to access your portfolio
