Biocomposites Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
Data Bridge Market Research analyses that the biocomposites market is expected to undergo a CAGR of 16.50% during the forecast period. This indicates that the market value, which was USD 24.40 billion in 2021, would rocket up to USD 82.79 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Biocomposites are defined as eco-friendly and biocompatible composites. They contain of a large variety of inorganic and organic components, such as polysaccharides, ceramics, metals, proteins, sugars, and nanocarbons. Biocomposites are present in several forms, such as coatings, particles, fibers, films, membranes, moldings and foams.
The automobile manufacturers mainly use biocomposites to make the automobiles' exterior and interior parts. The development of numerous type of biocomposites are used in automotive applications for instance, in development of environmental friendly automotive, application of automotive piston, anti-roll bar brake friction material for low-velocity impact response and medium duty automotive application, and biocomposites, these are some major factors which are anticipated to increase the growth of the biocomposite market.
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Scope of the Biocomposites Market Report:
The biocomposites market is segmented on the basis of type, process, fiber type, polymer type, product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Structural
- Non-Structural
Process
- Compression Molding
- Injection Molding
- Resin Transfer Molding
- others
Fiber Type
- Wood Fiber
- Non-wood Fiber
Polymer Type
- Synthetic
- Natural
Product
- Hybrid
- Green
End user
- Building and Construction
- Transportation
- Consumer Goods
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Some of the major players operating in the biocomposites market are:
- UPM (Finland)
- Trex Company, Inc. (U.S.)
- Fiberon (U.S.)
- Flexform SpA (U.S.)
- UFP Industries, Inc., (U.S.)
- Meshlin Composites ZRT (Hungary)
- Tecnaro GmbH (Germany)
- Anhui Guofeng Wood-Plastic Composite Co., Ltd. (China)
- B.COMPOSITES PVT.LTD. (India)
- Green Dot Corporation (U.S.)
- Hualong New Material Lumber Co. Ltd. (China)
- Kudoti Pty Ltd (South Africa)
- Bcomp (Switzerland)
- Nanjing Xuha Sundi New Building Materials, Ltd. (China)
- Lingrove Inc, (U.S.)
- DEVOLD AMT (Norway)
- Taiyuan Heavy Industry Co.,Ltd (China)
- STRUCTeam (U.K.)
- RTP Company (U.S.)
- G. Angeloni s.r.l (Italy)
- Talon Technology Co.,Ltd (U.S.)
- Rock West Composites, Inc (U.S.)
- COLAN AUSTRALIA, (Australia)
Biocomposites Market Regional Analysis/Insights
The Biocomposites market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Biocomposites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Biocomposites within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Biocomposites market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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