Biocomposites Market
Global Biocomposites Market Size, Share & Trends Analysis Report by Product (Hybrid Biocomposites and Green Biocomposites), by Fiber Type (Wood Fiber Composites, and Non-Wood Fiber Composites) by Polymer Type (Natural Polymer Composites and Synthetic Polymer Composites), and by End-Use (Consumer Goods, Building & Construction, Transportation, Automobile, and Others) Forecast Period (2022-2028). Update Available - Forecast 2024-2030
The global biocomposites market is anticipated to grow at a significant CAGR of 15.8% during the forecast period. The biocomposites market is being driven by the shift in consumer preference towards eco-friendly materials. In automotive industry biocomposites provide various advantages such as light weight, less fuel consumption, reduced greenhouse gas emission and others, due to which it is taking place of plastic. The companies are concerned towards bring natural biocomposites in the market. For instance, in October 2021, LANXESS launched new product in tepex range of continuous-fiber-reinforced thermoplastic composites which is made entirely from natural rsources including, natural flax fibers and bio-based polylatic acid. Flax fibers have low density than glass fibers due to which composites made from these fibers are lightweight and widely accepted in the market.
Impact of COVID-19 Pandemic on Global Biocomposites Market
The COVID-19 pandemic has spread to almost every country globally. It has negatively affected the demand for biocomposites due to decline in demand in several end-use industries. Biocomposites are majorly used in building & costruction industry however, continuous lockdown has resulted in stoppage of construction activities due to which the demand for biocomposites has been affected negatively.
Segmental Outlook
The global biocomposites market is segmented based on the product, fiber type, polymer type, and end-use. Based on the product, the market is sub-segmented into hybrid biocomposites and green biocomposites. Based on the fiber type, the market is sub-segmented into the wood fiber composites, and non-wood fiber composites. Based on the polymer type, the market is sub-segmented into natural polymer composites and synthetic polymer composites. Based on the end-use, the market is sub-segmented into the consumer goods, building & construction, transportation, automobile, and others. The biocomposites are majorly used in building & construction industry due to different applications of biocomposites in this segment.
Global Biocomposites Market Share by End-Use, 2021 (%)
The Building & Construction Accounts for Major Share in the Global Biocomposites Market.
The building & construction segment accounts for major share in global biocomposites market. Biocomposites are used to produce decking, railing, balusters, windows, doors and others owing to these applications this segment hols the major share in the market. Futher, various biocomposites producers provide diiferent biocomposites having applications in this segment. For instance, in May 2021, Stora Enso launched biobased binder system named NeoLigno®for building materials. It provides alternative for industries that currently use binders based on hazardous chemicals including chipboard and insulation materials. NeoLigno supports in developing products which are safe to make and use without compromising on performance.
Regional Outlooks
The global biocomposites market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global Biocomposites Market Growth, by Region 2022-2028
The Asia-Pacific Region Emerged as the Fastest Growing Region in the Global Biocomposites Market.
The Asia-Pacific emerge as the fastest growing region for global biocomposites market due to growing demand for commercial and residential buildings. Further, increasing concern towards plastic reduction is contribruting towards the growth of biocomposites market as biocomposites can replace plastic. Major economies contributing towards the growth of biocomposites are India, China, Japan and South Korea. For instance, in November 2020, researchers at Indian Institute of Technology (IIT) Kharagpur developed cellulose nanocrystals from cucumber peels, which can be used to create food packaging material. As plastic is being avoided by consumers, these remain in circulation for food packaging. Researchers have used cellulose, hemicellulose, pectin for developing bio materials which are useful as nano-fillers in biocomposites.
Market Players Outlook
The major companies serving the global biocomposites market include BASF SE, Bcomp Ltd., Celanese Corp., Fiberon, FlexForm Technologies, LANXESS, Lingrove Inc., Mitsubishi Chemical Advanced Materials AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021 Celanese Corp. and Mitsubishi Chemical Advanced Materials (MCAM) collaborated to develop mechanical recycling solutions for post-industrial and post-consumer sources of polyoxymethylene (POM) to meet the requirements of consumers for recycled content options and reduced carbon dioxide without compromising product quality and performance. They planned to work together to assess the options to transform waste steams in marketable end-product so that Celanese can provide its consumers sustainable options for scrap with assertion of closed loop reused material.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biocomposites market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Biocomposites Market
• Recovery Scenario of Global Biocomposites Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Biocomposites Market by Product
4.1.1. Hybrid Biocomposites
4.1.2. Green Biocomposites
4.2. Global Biocomposites Market by Fiber Type
4.2.1. Wood Fiber Composites
4.2.2. Non-wood Fiber Composites
4.3. Global Biocomposites Market by Polymer Type
4.3.1. Natural Polymer Composites
4.3.2. Synthetic Polymer Composites
4.4. Global Biocomposites Market by End-Use
4.4.1. Consumer Goods
4.4.2. Building & Construction
4.4.3. Transportation
4.4.4. Automobile
4.4.5. Others (Electronics, Aerospace & Military)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BASF SE
6.2. Bcomp Ltd.
6.3. Celanese Corp.
6.4. Fiberon
6.5. FlexForm Technologies
6.6. LANXESS
6.7. Lingrove Inc.
6.8. Mitsubishi Chemical Advanced Materials AG
6.9. Nanjing Jufeng Advanced Materials Co., Ltd.
6.10. NATUREPLAST
6.11. PNH co.,ltd.
6.12. Stora Enso
6.13. TECNARO GMBH
6.14. TPI Composites
6.15. TTS
6.16. UPM
1. GLOBAL BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL HYBRID BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL GREEN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY FIBER TYPE, 2021-2028 ($ MILLION)
5. GLOBAL WOOD FIBER COMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL NON-WOOD FIBER COMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY POLYMER TYPE, 2021-2028 ($ MILLION)
8. GLOBAL NATURAL POLYMER COMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SYNTHETIC POLYMER COMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
11. GLOBAL CONSUMER GOODS IN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL BUILDING & CONSTRUCTION IN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL TRANSPORTATION IN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AUTOMOBILE IN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL OTHERS IN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY FIBER TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY POLYMER TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
22. EUROPEAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
24. EUROPEAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY FIBER TYPE, 2021-2028 ($ MILLION)
25. EUROPEAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY POLYMER TYPE, 2021-2028 ($ MILLION)
26. EUROPEAN BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY FIBER TYPE, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY POLYMER TYPE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
34. REST OF THE WORLD BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY FIBER TYPE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY POLYMER TYPE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD BIOCOMPOSITES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL BIOCOMPOSITES MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BIOCOMPOSITES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL BIOCOMPOSITES MARKET, 2022-2028 (%)
4. GLOBAL BIOCOMPOSITES MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL HYBRID BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL GREEN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL BIOCOMPOSITES MARKET SHARE BY FIBER TYPE, 2021 VS 2028 (%)
8. GLOBAL WOOD FIBER COMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL NON-WOOD FIBER COMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL BIOCOMPOSITES MARKET SHARE BY POLYMER TYPE, 2021 VS 2028 (%)
11. GLOBAL NATURAL POLYMER COMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL SYNTHETIC POLYMER COMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL BIOCOMPOSITES MARKET SHARE BY END-USE, 2021 VS 2028 (%)
14. GLOBAL CONSUMER GOODS IN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL BUILDING & CONSTRUCTION IN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL TRANSPORTATION IN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL AUTOMOBILE IN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL OTHERS IN BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL BIOCOMPOSITES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. US BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
22. UK BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD BIOCOMPOSITES MARKET SIZE, 2021-2028 ($ MILLION)
