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Bio-Composites Market Trends and Forecast

The future of the global bio-composites market looks promising with opportunities in building and construction, automotive, industrial & consumer goods industries. The global bio-composites market is expected to reach an estimated $9.5 billion by 2027 with a CAGR of 3.4% from 2021 to 2027.  The major growth drivers for this market are increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.
 
Bio Composites Market by End Use, Process, Resin, and Fiber

Emerging Trends in the Bio-Composites Market

Emerging trends, which have a direct impact on the dynamics of the bio-composites industry, include the emergence of new applications, and government support to innovate and commercialize the use of bio-based composites. 
A total of 121 figures / charts and 118 tables are provided in this 212-page report to help in your business decisions. A sample figure with insights is shown below. 
Bio-Composites Market by Segments

Bio-Composites Market by Segment

The study includes a forecast for the global bio-composites market by end use, process, resin, fiber, and region as follows:

Bio-Composites Market by End Use [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

Bio-Composites Market by Process [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

  • Extrusion
  • Compression Molding
  • Injection Molding
  • Others

Bio-Composites Market by Resin [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

Bio-Composites Market by Fiber [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

  • Wood Flour
  • Flax
  • Kenaf 
  • Hemp
  • Jute
  • Others

Bio-Composites Market by Region [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

  •  North America
  • US
  • Europe
  • German
  • UK
  • France
  • Russia
  • Asia Pacific
  • China
  • India
  • Japan
  • The Rest of the World
  • Brazil

List of Bio-Composites Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-composites companies profiled in this report includes.

Bio-Composites Market Insight

  • Lucintel forecasts that building and construction will remain the largest segment over the forecast period due to increasing demand for moisture resistance, low maintenance, non-toxic, and durable products.
  • Polyethylene resin bio-composites will remain the largest resin type over the forecast period due to durability, near-zero moisture absorption, excellent chemical inertness, and ease of processing.  
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to  increasing demand for WPC decking, fencing, and railing in the building and construction industries of China, India, and Japan

Features of Bio-Composites Market

  • Market Size Estimates: Bio-composites  market size estimation in terms of value ($B) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by end use, process, resin, fiber and region
  • Regional Analysis: Bio-composites market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different end use, process, resin, fiber and region for the bio-composites market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the bio-composites market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the bio-composites market size?
Answer: The global bio-composites market is expected to reach an estimated $9.5 billion by 2027.     
Q2. What is the growth forecast for bio-composites market?
Answer: The bio-composites market is expected to grow at a CAGR of 3.4% from 2021 to 2027.          
Q3. What are the major drivers influencing the growth of the bio-composites market?
Answer: The major growth drivers for this market are increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.          
Q4. What are the major applications or end use industries for thermoplastic resin in global automotive composites?
Answer: Building & construction and automotive are the major applications industries for global bio composites market. 
Q5. What are the emerging trends in bio-composites market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of hybrid type auto parts, and integration of operational capabilities.
Q6. Who are the key bio-composites companies?
Answer: Some of the key bio-composites companies are as follows:
  • FlexForm Technologies
  • Tecnaro GmbH
  • Trex Company Inc.
  • Azek Building Products
  • Procotex Corporation SA
  • Fiberon LLC
  • GreenGran BV
  • FiberGran GmbH & Co. KG
  • Universal Forest Products, Inc.
  • Tamko Building Products
  • Advanced Environmental Recycling Technologies
Q7.Which bio-composites material segment will be the largest in future?
Answer: Lucintel forecasts that building and construction will remain the largest segment over the forecast period due to increasing demand for moisture resistance, low maintenance, non-toxic, and durable products.
Q8: In bio-composites market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the bio-composites market by end use (building and construction, automotive, industrial and consumer goods, and others), process (extrusion, compression molding, injection molding, and others), resin (polyethylene, polypropylene, polyvinyl chloride, polylactide acid and others), fiber (wood flour, flax, kenaf, hemp, jute and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to bio-composites market or related to bio-composites, bio-composite market, bio-composite market size, bio-composite market analysis, bio-composite suppliers, bio-composite manufacturers, bio-composite raw material, bio-composite cost, bio-composite market trend and forecast, bio-composite applications, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Bio-Composites Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Bio-Composites Market Trends and Forecast
3.3 Global Bio-Composites Market by Sub Segment 
3.3.1: Global Wood Plastic Composites (WPC) Market by End Use 
3.3.1.1: Building and Construction 
3.3.1.1.1: Decking 
3.3.1.1.2: Fencing 
3.3.1.1.3: Railing 
3.3.1.1.4: Others
3.3.1.2: Automotive 
3.3.1.3: Industrial and Consumer Goods
3.3.1.3: Others 
3.3.2: Global Natural Fiber Composites (NFC) Market by End Use 
3.3.2.1: Automotive
3.3.2.2: Building and Construction 
3.3.2.3: Others
3.4: Global Bio-Composites Market by Process 
3.4.1: Extrusion
3.4.2: Compression Molding 
3.4.3: Injection Molding 
3.4.4: Others
3.5: Global Bio-Composites Market by Resin
3.5.1 Polyethylene
3.5.2: Polypropylene
3.5.3: Polyvinyl Chloride 
3.5.4: Polylactic Acid 
3.5.5: Others 
3.6: Global Bio-Composites Market by Fiber 
3.5.1: Wood Flour 
3.5.2: Flax 
3.5.3: Kenaf 
3.5.4: Hemp
3.5.4: Jute
3.5.4: Others
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Bio-Composites Market by Region
4.2: North American Bio-Composites Market
4.2.1: Market by End Use: Building and Construction, Automotive, Industrial and Consumer Goods and Others
4.2.2: United States Bio-Composites Market 
4.3: Europe Bio-Composites Market
4.3.1: Market by End Use: Building and Construction, Automotive, Industrial and Consumer Goods and Others
4.3.2: German Bio-Composites Market  
4.3.3: United Kingdom Bio-Composites Market 
4.3.4: French Bio-Composites Market  
4.3.5: Russian Bio-Composites Market  
4.4: APAC Bio-Composites Market
4.4.1: Market by End Use: Building and Construction, Automotive, Industrial and Consumer Goods and Others
4.4.2: Chinese Bio-Composites  
4.4.3: Indian Bio-Composites  
4.4.4: Japanese Bio-Composites  
4.5: ROW Bio-Composites Market
4.5.1: Market by End Use: Building and Construction, Automotive, Industrial and Consumer Goods and Others
4.5.2: Brazilian Bio-Composites  
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Bio-Composites Market by Application
6.1.2: Growth Opportunities for the Global Bio-Composites Market by Material Type 
6.1.3: Growth Opportunities for the Global Bio-Composites Market by Resin Type
6.2: Emerging Trends in the Global Bio-Composites Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions
 
7. Company Profiles of Leading Players
7.1: FlexForm Technologies LLC 
7.2: Tecnaro GmbH
7.3: Trex Company Inc. 
7.4: Azek Building Products  
7.5: Procotex Corporation SA
7.6: Fiberon LLC.
7.7: GreenGran BV
7.8: FiberGran GmbH & Co. KG
7.9: Universal Forest Products, Inc.
7.10:Tamko Building  Products 
7.11: Advanced Environmental Recycling Technologies
 
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Bio-Composites Market: Trends, Opportunities and Competitive Analysis [2022-2027] Full Report $ 4,850
121 figures/charts and 118 tables are provided in this 212 - page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Global HVAC Insulation Market Dynamics 20 $ 218
2. Market Background and Classifications 
2.1 Introduction, Background, and Classifications 
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis, 2010-2021 75 $ 1,740
3. Market Trends and Forecast Analysis from 2012 to 2023
3.1 Macroeconomic Trends and Forecast
3.2 Global Bio-Composites Market Trends and Forecast
3.3 Global Bio-Composites Market by End Use Industry
3.4 Global Bio-Composites Market by Sub Segment
3.4.1 Global Wood Plastic Composites (WPC) Market by End Use Industry
3.4.1.1 Building and Construction
3.4.1.1.1 Decking
3.4.1.1.2 Fencing
3.4.1.1.3 Railing
3.4.1.1.4 Others
3.4.1.2 Automotive
3.4.1.3 Industrial and Consumer Goods
3.4.1.4 Others
3.4.2 Global Natural Fiber Composites (NFC) Market by End Use Industry
3.4.2.1. Automotive
3.4.2.2. Building and Construction
3.4.2.3. Others
3.5 Global Bio-Composites Market by Process
3.5.1 Extrusion
3.5.2 Compression Molding
3.5.3 Injection Molding
3.5.4 Others
3.6 Global Bio-Composites Market by Resin
3.6.1. Polyethylene
3.6.2. Polypropylene
3.6.3. Polyvinyl Chloride
3.6.4. Polylactic Acid
3.6.5. Others 3.7 Global Bio-Composites Market by Fiber
3.7.1. Wood Flour
3.7.2. Flax
3.7.3. Kenaf 3.7.4. Hemp 3.7.5. Jute
3.7.6. Others
Chapter - 4: Regional Analysis, 2010-2021 36 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global Bio-Composites Market by Region
4.2 North American Bio-Composites Market
4.2.1 Market by End Use Industry: Building and Construction, Automotive, Industrial and Consumer Goods, and Others
4.2.2 United States Bio-Composites Market
4.3 European Bio-Composites Market
4.3.1 Market by End Use Industry: Building and Construction, Automotive, Industrial and Consumer Goods, and Others
4.3.2 German Bio-Composites Market
4.3.3 United Kingdom Bio-Composites Market
4.3.4 French Bio-Composites Market
4.3.5 Russian Bio-Composite Market
4.4 APAC Bio-Composites Market
4.4.1 Market by End Use Industry: Building and Construction, Automotive, Industrial and Consumer Goods and Others
4.4.2 Chinese Bio-Composites Market
4.4.3 Indian Bio Composite Market
4.4.4 Japanese Bio Composite Market
4.5 ROW Bio-Composites Market
4.5.1 Market by End Use Industry: Building and Construction, Automotive, Industrial and Consumer Goods, and Others
4.5.2 Brazilian Bio-Composites Market
Chapter - 5: Competitor Analysis 4 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Geographical Reach
5.4 Porter’s Five Forces Analysis
Chapter - 6: Cost Structure Analysis 13 $ 508
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the Global Bio-Composites Market by End Use Industry
6.1.2 Growth Opportunities for the Global Bio-Composites Market by Process
6.1.3 Growth Opportunities for the Global Bio-Composites Market by Resin
6.1.4 Growth Opportunities for the Global Bio-Composites Market by Fiber
6.1.5 Growth Opportunities for the Global Bio-Composites Market by Region
6.2 Emerging Trends in the Global Bio-Composites Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of the Global Bio-Composites Market
6.3.3 Mergers, Acquisitions, and Joint Ventures in the Global Bio-Composites Market
6.3.4 Technology Development  
Chapter - 7: Growth Opportunities and Strategic Analysis 22 $ 870
7. Company Profiles of Leading Players
7.1 FlexForm Technologies LLC
7.2 Tecnaro GmbH
7.3 Trex Company Inc
7.4 Azek Building Products
7.5 Procotex Corporation SA
7.6 Fiberon LLC
7.7 GreenGran BV
7.8 FiberGran GmbH & Co. KG
7.9 Universal Forest Products, Inc 7.10 Tamko Building Products 7.11 Advanced Environmental Recyling Technologies  
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.