Wind Blade Recycling Market

Veolia (France) and Acciona (Spain) are Leading Players in the Wind Blade Recycling Market

The Wind Blade Recycling market is projected to grow from USD 68,235 thousand in 2024 to USD 3,70,935 thousand by 2029, at a CAGR of 40.3% during the forecast period.

The Wind energy accounts for a significant portion of the renewable energy at the global level, but the issue as far as disposing and recycling wind turbine blades goes is enormous. The wind blades are primarily composed of composite materials like fiberglass, carbon fiber, and resin, thus they are extremely durable, and light but are hard to recycle due to their thermoset settings. The lifespan for wind blade stands between 20 to 25 years and thus more of these decommissioned blades are expected to landfilled  in coming years. 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.

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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.

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.

Related Reports:

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

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Wind Blade Recycling Market Size,  Share & Growth Report
Report Code
CH 9219
RI Published ON
11/6/2024
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