Biocomposite Trends and Forecast
The future of the global biocomposite market looks promising with opportunities in the building & construction, transportation, and consumer good markets. The global biocomposite market is expected to reach an estimated $80.2 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are rising usage of bio-based products and growing environmental awareness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Biocomposite by Segment
The study includes a forecast for the global biocomposite by fiber type, polymer type, product type, end use industry, and region.
Biocomposite Market by Fiber Type [Shipment Analysis by Value from 2018 to 2030]:
• Wood Fiber Composites
• Non-Wood Fiber Composites
Biocomposite Market by Polymer Type [Shipment Analysis by Value from 2018 to 2030]:
• Natural Polymer Composites
• Synthetic Polymer Composites
Biocomposite Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Hybrid Biocomposites
• Green Biocomposites
Biocomposite Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Transportation
• Consumer Goods
• Others
Biocomposite Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Biocomposite 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 biocomposite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biocomposite companies profiled in this report include-
• TTS
• Lingrove
• CG BioComposites
• Bcomp
• UPM
• FlexForm Technologies
• Tecnaro
• Green Bay Decking
• Universal Forest Fiber
• Trex
Biocomposite Market Insights
Lucintel forecasts that hybrid will remain the larger segment over the forecast period due to its excellent fiber-polymer adhesion leading to high strength, dimensional stability, and minimal moisture absorption.
Within this market, building & construction will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period due to increasing demand for lightweight automobile parts and presence of key players in the region.
Features of the Global Biocomposite Market
Market Size Estimates: Biocomposite market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Biocomposite market size by various segments, such as by fiber type, polymer type, product type, end use industry, and region in terms of value ($B).
Regional Analysis: Biocomposite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different fiber types, polymer types, product types, end use industries, and regions for the biocomposite market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biocomposite market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the biocomposite market size?
Answer: The global biocomposite market is expected to reach an estimated $80.2 billion by 2030.
Q2. What is the growth forecast for biocomposite market?
Answer: The global biocomposite market is expected to grow with a CAGR of 15.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the biocomposite market?
Answer: The major drivers for this market are rising usage of bio-based products and growing environmental awareness.
Q4. What are the major segments for biocomposite market?
Answer: The future of the biocomposite market looks promising with opportunities in the building & construction, transportation, and consumer good markets.
Q5. Who are the key biocomposite market companies?
Answer: Some of the key biocomposite companies are as follows:
• TTS
• Lingrove
• CG BioComposites
• Bcomp
• UPM
• FlexForm Technologies
• Tecnaro
• Green Bay Decking
• Universal Forest Fiber
• Trex
Q6. Which biocomposite market segment will be the largest in future?
Answer: Lucintel forecasts that hybrid will remain the larger segment over the forecast period due to its excellent fiber-polymer adhesion leading to high strength, dimensional stability, and minimal moisture absorption.
Q7. In biocomposite market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing demand for lightweight automobile parts and presence of key players in the region.
Q.8 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, high-growth opportunities for the biocomposite market by fiber type (wood fiber composites and non-wood fiber composites), polymer type (natural polymer composites and synthetic polymer composites), product type (hybrid biocomposites and green biocomposites), end use industry (building & construction, transportation, consumer goods, 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Biocomposite Market, Biocomposite Market Size, Biocomposite Market Growth, Biocomposite Market Analysis, Biocomposite Market Report, Biocomposite Market Share, Biocomposite Market Trends, Biocomposite Market Forecast, Biocomposite Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.