| Product Code: ETC5713743 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Norway`s wind turbine composites material import shipments in 2024 continued to see significant growth, with top exporting countries such as China, Sweden, Germany, Poland, and the UK playing key roles. The market remained competitive with low concentration, as reflected in the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 8.68%, indicating sustained expansion. Moreover, the impressive growth rate of 12.6% from 2023 to 2024 highlights the increasing demand and opportunities in the Norwegian market for wind turbine composites materials.

The wind turbine composites material market in Norway is experiencing robust growth, driven by the need for lightweight and durable materials that enhance the performance of wind turbines. Composites, particularly those made from fiberglass and carbon fiber, are increasingly used in turbine blades to improve efficiency and reduce maintenance costs. As the demand for renewable energy continues to rise, manufacturers are focused on innovating composite materials that offer better strength-to-weight ratios, contributing to the overall efficiency of wind energy systems.
The wind turbine composites material market is driven by the need for lightweight, durable materials that can withstand harsh environmental conditions. Innovations in composite materials enhance the structural integrity and performance of wind turbine blades, leading to increased efficiency. The push for larger turbines to harness more wind energy further elevates the demand for advanced composites. Additionally, the emphasis on sustainability and reducing carbon footprints aligns well with the properties of composite materials, promoting their use in wind energy applications.
In the wind turbine composites material market, the primary challenges include the high cost of raw materials and the complexity of manufacturing processes. The need for specialized knowledge and technology to develop high-performance composites can be a barrier to entry for new players. Furthermore, fluctuating demand in the renewable energy sector impacts market stability.
The wind turbine composites material market in Norway is driven by the increasing demand for lightweight and durable materials in renewable energy applications. Government policies promoting the use of advanced materials for sustainability and efficiency are pivotal. Research and development incentives for innovative composite technologies contribute to market growth, alongside regulations that favor the use of environmentally friendly materials in wind energy projects.
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 Norway Wind Turbine Composites Material Market Overview |
3.1 Norway Country Macro Economic Indicators |
3.2 Norway Wind Turbine Composites Material Market Revenues & Volume, 2021 & 2031F |
3.3 Norway Wind Turbine Composites Material Market - Industry Life Cycle |
3.4 Norway Wind Turbine Composites Material Market - Porter's Five Forces |
3.5 Norway Wind Turbine Composites Material Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Norway Wind Turbine Composites Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Norway Wind Turbine Composites Material Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Norway Wind Turbine Composites Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Norway Wind Turbine Composites Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Norway |
4.2.2 Government initiatives and subsidies 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 for setting up wind turbine projects |
4.3.2 Limited availability of skilled labor for wind turbine maintenance and operations |
4.3.3 Challenges related to transporting large wind turbine components to remote locations in Norway |
5 Norway Wind Turbine Composites Material Market Trends |
6 Norway Wind Turbine Composites Material Market Segmentations |
6.1 Norway Wind Turbine Composites Material Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Norway Wind Turbine Composites Material Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Norway Wind Turbine Composites Material Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Norway Wind Turbine Composites Material Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.2 Norway Wind Turbine Composites Material Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Norway Wind Turbine Composites Material Market Revenues & Volume, By Glass fiber, 2021-2031F |
6.2.3 Norway Wind Turbine Composites Material Market Revenues & Volume, By Carbon fiber, 2021-2031F |
6.3 Norway Wind Turbine Composites Material Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Norway Wind Turbine Composites Material Market Revenues & Volume, By Vacuum Injection Molding, 2021-2031F |
6.3.3 Norway Wind Turbine Composites Material Market Revenues & Volume, By Prepreg, 2021-2031F |
6.3.4 Norway Wind Turbine Composites Material Market Revenues & Volume, By Hand Lay-Up, 2021-2031F |
6.4 Norway Wind Turbine Composites Material Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Norway Wind Turbine Composites Material Market Revenues & Volume, By Blades, 2021-2031F |
6.4.3 Norway Wind Turbine Composites Material Market Revenues & Volume, By Nacelles, 2021-2031F |
6.4.4 Norway Wind Turbine Composites Material Market Revenues & Volume, By Others (Towers and Hub), 2021-2031F |
7 Norway Wind Turbine Composites Material Market Import-Export Trade Statistics |
7.1 Norway Wind Turbine Composites Material Market Export to Major Countries |
7.2 Norway Wind Turbine Composites Material Market Imports from Major Countries |
8 Norway Wind Turbine Composites Material Market Key Performance Indicators |
8.1 Average capacity factor of wind turbines in Norway |
8.2 Number of new wind turbine installations using composites materials |
8.3 Average efficiency improvement in wind turbine blades |
8.4 Percentage of energy generated from wind power in Norway |
8.5 Levelized cost of energy (LCOE) for wind power projects in Norway |
9 Norway Wind Turbine Composites Material Market - Opportunity Assessment |
9.1 Norway Wind Turbine Composites Material Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Norway Wind Turbine Composites Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Norway Wind Turbine Composites Material Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Norway Wind Turbine Composites Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Norway Wind Turbine Composites Material Market - Competitive Landscape |
10.1 Norway Wind Turbine Composites Material Market Revenue Share, By Companies, 2024 |
10.2 Norway Wind Turbine Composites Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |