India Wind Turbine Composites Material Market (2025-2031) Outlook | Forecast, Industry, Analysis, Companies, Growth, Value, Revenue, Size, Share & Trends

Market Forecast By Resin Type (Epoxy, Polyester, Vinyl Ester), By Fiber Type (Glass fiber, Carbon fiber), By Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), By Application (Blades, Nacelles, Others (Towers and Hub)) And Competitive Landscape
Product Code: ETC4501225 Publication Date: Jul 2023 Updated Date: Nov 2025 Product Type: Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Wind Turbine Composites Material Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s wind turbine composites material import shipments in 2024 were primarily sourced from top exporting countries such as China, USA, Thailand, Germany, and Italy. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry witnessed a negative compound annual growth rate (CAGR) of -11.43% from 2020 to 2024. The growth rate further declined by -14.68% from 2023 to 2024, reflecting challenges and shifts in the market dynamics for wind turbine composites materials in India.

India Wind Turbine Composites Material Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Wind Turbine Composites Material Market Overview

The wind turbine composites market in India has seen significant growth alongside the renewable energy sector`s expansion. Composites are crucial in manufacturing lightweight and durable wind turbine components such as blades and nacelles. With India increasing focus on wind energy generation, the demand for composites in this sector is expected to remain strong.

Drivers of the Market

The India wind turbine composites material market is witnessing significant growth, primarily driven by the country`s increasing focus on renewable energy generation. Wind turbine blades are crucial components in wind energy systems, and composites are preferred materials for their construction due to their lightweight and high-strength properties. India ambitious renewable energy targets and the growing number of wind energy projects are propelling the demand for composites in this sector. The need for larger and more efficient wind turbines further supports the market`s expansion.

Challenges of the Market

Challenges in the wind turbine composites material market include the need for more efficient manufacturing processes to reduce costs. Additionally, recycling and disposal of composite materials used in wind turbines pose environmental challenges, necessitating sustainable solutions.

COVID-19 Impact on the Market

The India wind turbine composites material market experienced mixed effects due to the COVID-19 pandemic. While the pandemic initially disrupted the supply chain and manufacturing processes, leading to delays in wind turbine projects, the long-term outlook remained positive. The demand for renewable energy sources, including wind power, continued to grow as governments and industries focused on sustainability and reducing carbon emissions. This created opportunities for the wind turbine composites material market to recover and expand. Manufacturers in the sector also accelerated research and development efforts to enhance the performance and durability of composite materials, making them even more attractive for wind turbine applications.

Key Players in the Market

Key participants in the wind turbine composites material market include LM Wind Power, Gurit, and TPI Composites.

Key Highlights of the Report:

  • India Wind Turbine Composites Material Market Outlook
  • Market Size of India Wind Turbine Composites Material Market, 2024
  • Forecast of India Wind Turbine Composites Material Market, 2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Revenues & Volume for the Period 2021-2031
  • India Wind Turbine Composites Material Market Trend Evolution
  • India Wind Turbine Composites Material Market Drivers and Challenges
  • India Wind Turbine Composites Material Price Trends
  • India Wind Turbine Composites Material Porter's Five Forces
  • India Wind Turbine Composites Material Industry Life Cycle
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Resin Type for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Epoxy for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Polyester for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Fiber Type for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Glass fiber for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Carbon fiber for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Vacuum Injection Molding for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Prepreg for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Hand Lay-Up for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Blades for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Nacelles for the Period 2021-2031
  • Historical Data and Forecast of India Wind Turbine Composites Material Market Revenues & Volume By Others (Towers and Hub) for the Period 2021-2031
  • India Wind Turbine Composites Material Import Export Trade Statistics
  • Market Opportunity Assessment By Resin Type
  • Market Opportunity Assessment By Fiber Type
  • Market Opportunity Assessment By Manufacturing Process
  • Market Opportunity Assessment By Application
  • India Wind Turbine Composites Material Top Companies Market Share
  • India Wind Turbine Composites Material Competitive Benchmarking By Technical and Operational Parameters
  • India Wind Turbine Composites Material Company Profiles
  • India Wind Turbine Composites Material Key Strategic Recommendations

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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 India Wind Turbine Composites Material Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Wind Turbine Composites Material Market Revenues & Volume, 2021 & 2031F

3.3 India Wind Turbine Composites Material Market - Industry Life Cycle

3.4 India Wind Turbine Composites Material Market - Porter's Five Forces

3.5 India Wind Turbine Composites Material Market Revenues & Volume Share, By Resin Type, 2021 & 2031F

3.6 India Wind Turbine Composites Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F

3.7 India Wind Turbine Composites Material Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F

3.8 India Wind Turbine Composites Material Market Revenues & Volume Share, By Application, 2021 & 2031F

4 India Wind Turbine Composites Material Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Government support and incentives for renewable energy projects in India

4.2.2 Increasing demand for clean energy sources to reduce carbon emissions

4.2.3 Technological advancements in wind turbine composites materials leading to improved efficiency and durability

4.3 Market Restraints

4.3.1 High initial investment cost for setting up wind turbine projects

4.3.2 Dependence on favorable weather conditions for optimal wind energy generation

4.3.3 Competition from other renewable energy sources like solar power

5 India Wind Turbine Composites Material Market Trends

6 India Wind Turbine Composites Material Market, By Types

6.1 India Wind Turbine Composites Material Market, By Resin Type

6.1.1 Overview and Analysis

6.1.2 India Wind Turbine Composites Material Market Revenues & Volume, By Resin Type, 2021-2031F

6.1.3 India Wind Turbine Composites Material Market Revenues & Volume, By Epoxy, 2021-2031F

6.1.4 India Wind Turbine Composites Material Market Revenues & Volume, By Polyester, 2021-2031F

6.1.5 India Wind Turbine Composites Material Market Revenues & Volume, By Vinyl Ester, 2021-2031F

6.2 India Wind Turbine Composites Material Market, By Fiber Type

6.2.1 Overview and Analysis

6.2.2 India Wind Turbine Composites Material Market Revenues & Volume, By Glass fiber, 2021-2031F

6.2.3 India Wind Turbine Composites Material Market Revenues & Volume, By Carbon fiber, 2021-2031F

6.3 India Wind Turbine Composites Material Market, By Manufacturing Process

6.3.1 Overview and Analysis

6.3.2 India Wind Turbine Composites Material Market Revenues & Volume, By Vacuum Injection Molding, 2021-2031F

6.3.3 India Wind Turbine Composites Material Market Revenues & Volume, By Prepreg, 2021-2031F

6.3.4 India Wind Turbine Composites Material Market Revenues & Volume, By Hand Lay-Up, 2021-2031F

6.4 India Wind Turbine Composites Material Market, By Application

6.4.1 Overview and Analysis

6.4.2 India Wind Turbine Composites Material Market Revenues & Volume, By Blades, 2021-2031F

6.4.3 India Wind Turbine Composites Material Market Revenues & Volume, By Nacelles, 2021-2031F

6.4.4 India Wind Turbine Composites Material Market Revenues & Volume, By Others (Towers and Hub), 2021-2031F

7 India Wind Turbine Composites Material Market Import-Export Trade Statistics

7.1 India Wind Turbine Composites Material Market Export to Major Countries

7.2 India Wind Turbine Composites Material Market Imports from Major Countries

8 India Wind Turbine Composites Material Market Key Performance Indicators

8.1 Average capacity factor of wind turbines in India

8.2 Cost of wind turbine composite materials per kilowatt-hour of energy generated

8.3 Rate of adoption of advanced composite materials in new wind turbine installations

9 India Wind Turbine Composites Material Market - Opportunity Assessment

9.1 India Wind Turbine Composites Material Market Opportunity Assessment, By Resin Type, 2021 & 2031F

9.2 India Wind Turbine Composites Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F

9.3 India Wind Turbine Composites Material Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F

9.4 India Wind Turbine Composites Material Market Opportunity Assessment, By Application, 2021 & 2031F

10 India Wind Turbine Composites Material Market - Competitive Landscape

10.1 India Wind Turbine Composites Material Market Revenue Share, By Companies, 2024

10.2 India Wind Turbine Composites Material Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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