The report “Wind Blade Recycling Market by Recycling Method (Mechanical Recycling, Thermal Recycling, Chemical Recycling), Blade Material (Glass Fiber, Carbon Fiber), End-Use Industry, and Region – Forecast to 2029”, size is expected to reach USD 3,70,935 thousand in 2029 from USD 68,235 thousand in 2024, at a CAGR of 40.3% from 2024 to 2029. The market research report provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major wind blade recycling market trends, technological advancements, and innovations within the market are also included. The report also provides access to critical information such as market growth drivers, market growth restraints, current market trends, the market’s economic and financial structure, and other key market details.
The demand for wind blade recycling is driven by the growing innovation in recycling methods and the ban on wind blade landfilling. As environmental regulations grow, many countries in Europe, the US, and Australia are mandating recycling or repurposing the wind blades. In Europe, countries are focusing on reducing wind blade waste and trying to promote a circular economy in the wind industry. Germany is leading this initiative as it has one of the old wind industries and thus facing the challenge of disposing of wind blades. Spain is also framing policies to facilitate the reuse and recycling of wind blade materials. Many wind blade recycling plants like “Waste2Fiber”, an initiative by Accionia and RenerCycle are being set up in Spain. Such a growing number of recycling facilities are further driving the wind blade recycling market.
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The wind blade recycling market is expected to be driven by regulatory pressure, sustainability goals, and the technological advancements with an aim to create circular economy within the renewable energy sector. Waste management regulations are getting strict in almost all countries, which will help to promote innovative recycling technologies. Companies, governments, and research centers have been studying various technologies, such as mechanical grinding, chemical recycling, and thermal recycling, which can be used to extract high quality fibers and further send them to construction, automotive sectors, and consumer goods.
Wind Blade Recycling Companies
The major players active in the wind blade recycling market are based in Europe region. Veolia (France), Accionia (Spain), Stena Metall AB (Sweden), Vestas (Denmark), Iberdrola, S.A (Spain), Makeen Energy (Denmark), Kuusakoski Oy(Finland), Rener Cycle (Spain), Continuum (Denmark), Holcim Group (Switzerland), are among a few leading players operating in the wind blade recycling market. Significant attention has been dedicated to developing new recycling processes in the wind blade recycling market to meet evolving global demands. Key players have implemented various growth strategies to solidify their market position. These strategies encompass contracts, partnerships, mergers and acquisitions, and expansions, all aimed at enhancing their presence in the wind blade recycling market.
Veolia (France)
Founded in 1853, Veolia is a France-based waste management company, specializing in water and energy services. It has a presence in over 40 countries with its major presence in France. It has three business segments: water, waste, and energy. In 2023, it had an annual revenue of around USD 49.0 billion with major presence in Europe. The company entered into wind blade recycling market in 2020, by partnering with GE Renewables Energy with an aim to recycle its decommissioned wind turbine blades from wind farms across the US. Veolia uses a mechanical recycling process to shred the wind blades and use it in manufacturing cement.
Acciona (Spain)
Acciona headquartered in Madrid, Spain, is a global leader in providing sustainable infrastructure solutions which are based on environmental management and renewable energy. It is among the largest 100% clean energy providers globally. Accionia operates through 4 business segments: Energy, Infrastructure, Nordex, and other activities. It has a major presence in Spain, the European union, and, OECD countries.
To solidify its position as a market leader in the Wind Blade Recycling market, Accionia with collaboration with RenerCycle is ready to set up a wind blade recycling project in Spain named “ Waste2Fiber”. This plant will recycle decommissioned wind blades using thermal recycling. Accionia has received fundings from Spain’s government PERTE program of around USD 5.7 million.
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Stena Metall AB (Sweden)
Stena Metall AB was founded in 1939 and is among the leading recycling companies globally. Stena Metall AB operates in the wind blade recycling market through its subsidiary Stena Recycling. Stena Metall AB’s business segment includes recycling, aluminum, oil, steel, and others. It operates in Sweden, Norway, Denmark, Poland, Germany, and Italy. Stena Recycling was a part of CETEC initiative with Vestas and Olin. The aim is to develop a circular economy for decommissioned wind blades and recycle them using chemical recycling process.
Glass fiber segment is expected to grow with highest CAGR in Wind Blade Recycling market during the forecasted period.
The wind blade recycling market is segmented based on the blade material i.e. glass fiber and carbon fiber. Glass fiber is expected to have the highest CAGR in the forecasted period, as the wind blade is majorly composed of glass fiber. Glass fiber is lightweight, durable, and cost-effective which makes it a ideal material for wind blades. Recycled glass fiber can be used in various end-use industries like construction and consumer goods. With the decommissioning of thousands of wind turbines each year, the requirement for recycling glass fiber composites is becoming increasingly crucial. The development of new recyclable technologies further strengthens the glass fiber segment in the market.
Chemical recycling segment is expected to have second-highest CAGR during forecasting period in terms of value.
Chemical recycling is expected to gain momentum in the forecasted years. Compared to other recycling processes especially mechanical recycling technologies, chemical recycling is a effective method to extract high quality glass and carbon fiber. Additionally, as companies develop new recycablabe resin, chemical recycling will be the most sought for option to recycle the wind blades that are made using this new rein.
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Asia Pacific region is expected to register highest CAGR both in terms of value and volume during forecasted period
The wind blade recycling market has been studied in North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. The Asia Pacific is expected to be the fastest-growing market, majorly due to the large number of wind turbine installations in China and India. The massive installations in the past decade are expected to age in the coming years and thus this region will see a rise in demand for recycling the wind blades. Additionally, companies like Carbon River are aiming to setup recycling facilities in India which will significantly boost the market.
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⇛ Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years.
⇛ In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors.
⇛ Detailed market value data for each segment and sub-segment.
⇛ Identification of the region and segment expected to experience the fastest growth and lead the market.
⇛ Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area.
⇛ Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players.
⇛ Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions.
⇛ Market dynamics and future growth opportunities in the coming years.
