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Wind Turbine Blade Recycling Market Trends

Statistics for the 2023 & 2024 Wind Turbine Blade Recycling market trends, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Wind Turbine Blade Recycling trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Wind Turbine Blade Recycling Industry

Thermo-Chemical Recycling Process (Pyrolysis) to the Dominate the Market

  • Wind energy is nowadays one of the energy sources with the fastest growth rate, and it can represent a valuable and economically sustainable solution to the problems of the shortage of fossil fuels and climate change. Global wind energy installed capacity accounted for 837 GW as of 2021. It is carbon-free, and about 85% of turbine components, including steel, copper wire, electronics, and gearing, can be recycled or reused.
  • Recycling and reusing composite waste is probably the best choice based on the recent EU directives, while landfilling is the last option.
  • Major companies are preferring for thermochemical recycling since it is an advanced technique in which the recovery of the reinforcing fibers through thermal or chemical methods and the matrix (generally with thermosetting nature) is decomposed.
  • In October 2022, Carbon Rivers, Inc., a company involved in pyrolysis, commercialized its process to recover mechanically intact glass fiber from decommissioned wind turbine blades. The project is funded by the United States Department of Energy (DOE) in collaboration with the University of Tennessee and successfully scaled up a recovery process that has the capability to divert thousands of tons of waste that would otherwise be destined for landfills.
  • Moreover, in March 2022, Kaunas University of Technology (KTU) and the Lithuanian Energy Institute invented a technique for recycling wind turbine blades through a thermochemical recycling process, which involves the breaking of composite materials into basic parts, i.e., fiber and phenol using pyrolysis, this method is essentially waste-free.
  • Owing to the above points thermochemical recycling (pyrolysis) process is the best technique that dominates the Wind Turbine Blade Recycling Market.
: Wind Turbine Blade Recycling Market : Wind Energy Installed Capacity, in GW, Global, 2011-2021

Europe is Likely to Dominate the Market

  • Europe has one of the largest wind power installed capacities across the globe. The region is rich in offshore and onshore wind energy generation across the globe. Recently, it has aimed to decommission most of its aged wind plants.
  • As a part of this, on June 2021, European Government announced that the region will decommission around 25,000 tonnes of blades per year by 2025 and 52,000 tonnes a year by 2030. Also, WindEurope, an association based in Brussels that promotes the use of wind power in Europe, has called on landfills to ban decommissioned wind turbine blades by 2025. The initiative includes the commitment of the European wind industry to recycle, reuse or reclaim all decommissioned blades. The ban will become effective by 2025. This, in turn, culminates in the growth of the wind turbine blade recycling market shortly.
  • Moreover, in October 2022, The first blade recycling plant project presented in Spain received recognition from the European Union, granting more than EUR 12 million to the consortium in which the project is immersed. The new recycling plant that will be located in Cubillos del Sil (León) is part of Endesa's Future Plan for the Compostilla thermal power plant currently being dismantled.
  • Furthermore, many countries such as Germany, the United Kingdom, and Spain have pledged not to decommission European blades outside of Europe. Spain is the second-largest market for wind energy in Europe, joining Wind Europe in this initiative. There is already a ban on landfills in Austria, Germany, Finland, and the Netherlands.
  • Owing to the above points, Europe is likely to dominate the wind turbine blade recycling market during the forecast period.
: Wind Turbine Blade Recycling Market - Growth Rate, By Region, 2022-2027

Wind Turbine Blade Recycling Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)