November 24th, 2022
Global Biocomposites Market was valued at USD 27.54 Billion in 2021 and is expected to reach USD 68.07 Billion by the year 2028, at a CAGR of 13.8%.
Biocomposites are defined as degradable, renewable, non-abrasive, and non-toxic, with properties comparable to those of synthetic fiber composites. It is used in various fields with numerous applications. They are biocompatible and ecological composites. Biocomposites involve a wide variety of organic and inorganic components, including natural and synthetic polymers, sugars, polysaccharides, proteins, metals, ceramics, and nanocarbon. Biocomposites exist in numerous forms, such as films, membranes, beads, coatings, particles, fibers, and foams.
Growing consumer awareness of the importance of using bio-based products instead of environmentally hazardous, non-recyclable synthetic materials is driving the growth of the biocomposites market. The Global Biocomposites Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play an important role in the market
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Leading Key Players Covered Biocomposites Market
· A B Composites Pvt. Ltd. (India)
· Advanced Environmental Recycling Technologies Inc. (the US)
· Alpas Srl (Italy)
· Alstone (India)
· Solar Impulse Foundation (Switzerland)
· Anhui Huiyun Wood Plastic Composite Co. Ltd. (China)
· Bcomp Ltd. (Switzerland)
· Fiberon (US)
· FlexForm Technologies (US)
· Green Bay Decking LLC (US)
· Huangshan Huasu New Material Science & Technology Co.Ltd. (China)
· Jelu-Werk Josef Ehrler GmbH & Co. KG (Germany)
· Lingrove LLC. (US)
· MCG BioComposites LLC. (US)
· Meshlin Composites Zrt (Hungary)
· Nanjing Jufeng Advanced Materials Co.Ltd. (China)
· Nanjing Xuhua Sundi New Building Materials Co.Ltd (China)
· NewTechWood America Inc. (the US)
· Polyvlies- Franz Beyer – GmbH (Germany)
· Saige Longlife Decking Ltd. (UK)
· Trifilon AB (Sweden) and others major players
The growing environmental awareness and the expansion of global waste problems are driving the growth of the biocomposites market. Researchers are looking for new compounds that are compatible with the environment. However, biocomposites are identified as a promising alternative to non-renewables and industries are looking for green materials. Biocomposites are biocompatible materials made from reinforced natural fibers and a biopolymer matrix that are ecologically friendly.
Segmentation of Biocomposites Market:
· Wood Fiber
· Non-Wood Fiber
By Process Type
· Compression Molding
· Injection Molding
· Resin Transfer Molding
· Synthetic Polymer
· Natural Polymer
By End Use
· Consumer Goods
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Geographic Segment Covered in the Report :
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
The biocomposites market is segmented based on type, process, fiber type, polymer type, product, and end user. Growth among these segments will help you analyze low-growth segments in industries and provide users with valuable market overviews and market insights to help them make strategic decisions to identify leading market applications.
Scope of the Report
· The latest FMI analysis provides a detailed forecast of the biocomposites market. It uses both primary and secondary research methodologies to identify new opportunities for the development of the global biocomposites market.
· The report offers insights into key market dynamics, including revenue growth drivers, market restraints, and emerging opportunities. In addition to this, it examines the latest biocomposites market trends and their influence on regional and national markets.
· IMF also tries to highlight the impact of the burgeoning automotive compounds market on the overall demand for biocomposites. It explains how the growing popularity of biocomposites in the automotive industry will expand the size of the global biocomposites market.
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