| Product Code: ETC5713664 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium saw a steady flow of wind turbine composites material imports from key markets like Germany, Metropolitan France, Czechia, Netherlands, and Japan. Despite the low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the industry experienced a slight decline with a CAGR of -0.47% from 2020 to 2024. However, there was a positive uptick in growth from 2023 to 2024 with a growth rate of 4.86%, suggesting potential opportunities for the wind turbine composites material market in Belgium.

The Belgium Wind Turbine Composites Material Market focuses on the materials used in the construction of wind turbine components, particularly blades. This market supports the wind energy industry by providing lightweight, durable materials that improve the efficiency and lifespan of turbines.
The wind turbine composites material market in Belgium is influenced by the demand for lightweight, durable, and high-strength materials used in wind turbine blades. Advancements in composite materials technology enhance the performance and efficiency of wind turbines. The push for increased renewable energy generation and the focus on reducing operational costs drive market expansion.
In Belgium, the wind turbine composites material market encounters challenges such as the need for advanced materials that offer high strength, durability, and resistance to environmental factors. Companies must manage high material costs and address issues related to manufacturing processes. The market is competitive, with numerous suppliers offering similar materials, which pressures companies to innovate and differentiate. Ensuring material performance and managing production efficiency are significant concerns.
Government policies in Belgium support the development and use of composite materials in wind turbine manufacturing. Regulations ensure that materials meet performance and durability standards, promote the use of lightweight and high-strength composites, and support innovation in material science.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Wind Turbine Composites Material Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Wind Turbine Composites Material Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Wind Turbine Composites Material Market - Industry Life Cycle |
3.4 Belgium Wind Turbine Composites Material Market - Porter's Five Forces |
3.5 Belgium Wind Turbine Composites Material Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Belgium Wind Turbine Composites Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Belgium Wind Turbine Composites Material Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Belgium Wind Turbine Composites Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Wind Turbine Composites Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Belgium |
4.2.2 Government initiatives and policies promoting wind energy projects |
4.2.3 Technological advancements in composite materials for wind turbines |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with wind turbine composite materials |
4.3.2 Challenges in recycling and disposal of composite materials |
4.3.3 Competition from other renewable energy sources |
5 Belgium Wind Turbine Composites Material Market Trends |
6 Belgium Wind Turbine Composites Material Market Segmentations |
6.1 Belgium Wind Turbine Composites Material Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.2 Belgium Wind Turbine Composites Material Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Glass fiber, 2021-2031F |
6.2.3 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Carbon fiber, 2021-2031F |
6.3 Belgium Wind Turbine Composites Material Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Vacuum Injection Molding, 2021-2031F |
6.3.3 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Prepreg, 2021-2031F |
6.3.4 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Hand Lay-Up, 2021-2031F |
6.4 Belgium Wind Turbine Composites Material Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Blades, 2021-2031F |
6.4.3 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Nacelles, 2021-2031F |
6.4.4 Belgium Wind Turbine Composites Material Market Revenues & Volume, By Others (Towers and Hub), 2021-2031F |
7 Belgium Wind Turbine Composites Material Market Import-Export Trade Statistics |
7.1 Belgium Wind Turbine Composites Material Market Export to Major Countries |
7.2 Belgium Wind Turbine Composites Material Market Imports from Major Countries |
8 Belgium Wind Turbine Composites Material Market Key Performance Indicators |
8.1 Average cost per unit of wind turbine composite materials |
8.2 Number of new wind energy projects initiated in Belgium |
8.3 Percentage of composite materials in wind turbine components |
9 Belgium Wind Turbine Composites Material Market - Opportunity Assessment |
9.1 Belgium Wind Turbine Composites Material Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Belgium Wind Turbine Composites Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Belgium Wind Turbine Composites Material Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Belgium Wind Turbine Composites Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Wind Turbine Composites Material Market - Competitive Landscape |
10.1 Belgium Wind Turbine Composites Material Market Revenue Share, By Companies, 2024 |
10.2 Belgium Wind Turbine Composites Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |