| Product Code: ETC5713769 | 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 |
In 2024, Sweden continued to rely on imports of wind turbine composites materials, with key suppliers including Finland, China, Germany, Denmark, and Poland. Despite a negative compound annual growth rate (CAGR) of -5.63% from 2020 to 2024, the market showed a slight improvement in the growth rate in 2024 at -2.94%. The low Herfindahl-Hirschman Index (HHI) indicates a relatively low concentration of imports among suppliers, offering a diverse range of options for Swedish wind turbine manufacturers. Monitoring these trends can provide valuable insights for stakeholders in the industry.
Composites, such as fiberglass and carbon fiber, are critical in manufacturing lightweight and durable wind turbine blades. The wind turbine composites material market in Sweden is expanding as the country seeks to increase its wind energy capacity. The need for longer, more efficient blades to capture more energy is pushing innovations in composite materials.
The Wind Turbine Composites Material market in Sweden is influenced by the increasing demand for lightweight and durable materials in wind energy applications. As manufacturers seek to enhance the efficiency and performance of wind turbines, the use of advanced composites becomes essential. Additionally, the growing focus on sustainability and reducing carbon emissions further drives the demand for composite materials in wind turbine production.
In the Wind Turbine Composites Material market, challenges arise from the need for lightweight yet durable materials that can withstand harsh environmental conditions. As turbine designs evolve, manufacturers must continuously innovate to improve material performance. Additionally, fluctuating raw material prices can impact production costs and market competitiveness.
The Swedish government encourages the Wind Turbine Composites Material market through policies that promote the use of advanced materials in renewable energy applications. Regulations emphasize the importance of sustainable sourcing and manufacturing processes for composite materials. The government supports research initiatives that focus on enhancing the properties and performance of composite materials used in wind turbine production, contributing to the overall efficiency and longevity of wind energy systems.
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 Sweden Wind Turbine Composites Material Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Wind Turbine Composites Material Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Wind Turbine Composites Material Market - Industry Life Cycle |
3.4 Sweden Wind Turbine Composites Material Market - Porter's Five Forces |
3.5 Sweden Wind Turbine Composites Material Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Sweden Wind Turbine Composites Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Sweden Wind Turbine Composites Material Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Sweden Wind Turbine Composites Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Wind Turbine Composites Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Sweden |
4.2.2 Government incentives and regulations promoting wind energy |
4.2.3 Growing demand for lightweight and durable composite materials in wind turbine manufacturing |
4.3 Market Restraints |
4.3.1 High initial investment costs in setting up wind turbine projects |
4.3.2 Technological challenges in developing advanced composite materials |
4.3.3 Competition from other renewable energy sources like solar and hydro power |
5 Sweden Wind Turbine Composites Material Market Trends |
6 Sweden Wind Turbine Composites Material Market Segmentations |
6.1 Sweden Wind Turbine Composites Material Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.3 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.2 Sweden Wind Turbine Composites Material Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Glass fiber, 2021-2031F |
6.2.3 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Carbon fiber, 2021-2031F |
6.3 Sweden Wind Turbine Composites Material Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Vacuum Injection Molding, 2021-2031F |
6.3.3 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Prepreg, 2021-2031F |
6.3.4 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Hand Lay-Up, 2021-2031F |
6.4 Sweden Wind Turbine Composites Material Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Blades, 2021-2031F |
6.4.3 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Nacelles, 2021-2031F |
6.4.4 Sweden Wind Turbine Composites Material Market Revenues & Volume, By Others (Towers and Hub), 2021-2031F |
7 Sweden Wind Turbine Composites Material Market Import-Export Trade Statistics |
7.1 Sweden Wind Turbine Composites Material Market Export to Major Countries |
7.2 Sweden Wind Turbine Composites Material Market Imports from Major Countries |
8 Sweden Wind Turbine Composites Material Market Key Performance Indicators |
8.1 Average cost per unit of wind turbine composite material |
8.2 Research and development investment in new composite technologies |
8.3 Percentage of energy generated from wind turbines compared to other sources |
9 Sweden Wind Turbine Composites Material Market - Opportunity Assessment |
9.1 Sweden Wind Turbine Composites Material Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Sweden Wind Turbine Composites Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Sweden Wind Turbine Composites Material Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Sweden Wind Turbine Composites Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Wind Turbine Composites Material Market - Competitive Landscape |
10.1 Sweden Wind Turbine Composites Material Market Revenue Share, By Companies, 2024 |
10.2 Sweden Wind Turbine Composites Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |