A11585 | Pages: NA | May 2022 | 859 Views | | |
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biocomposites Market
Request Now !Biocomposites are composite materials produced using common fiber like wood or non-wood fiber, alongside polymer resin. Their utilization in different areas is expanding due to their eco-friendly qualities. They are successfully being utilized as a substitute for plastic composites. Severe environmental laws are additionally preferring their utilization. The utilization of biocomposites produced using the wood fiber is growing owing to expanding utilization of forests for economical use. Wood plastic composites are fabricated from wood fibers. The utilization of characteristic polymer is likewise expanding due to the rising demand for 100% biodegradable items. There is a huge interest for biodegradable items in developed markets of North America and Europe. The primary reason why these composites are chosen is their low weight and high strength, it allows to reduce fuel use, or increase acceleration in transport. Additionally, biocomposites are thermal insulators which are efficient where fire and blast protection is required.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2019–2028 |
Base Year Considered | 2020 |
Forecast Period | 2021–2028 |
Forecast Unit | Value (USD) |
Segments Covered | Fiber, Polymer, Product Type, End User Industry, and Region |
Regions Covered | North America, Europe, Asia-Pacific, LAMEA |
Companies Covered | Arkema, Mitsubishi Plastics, Inc., Huntsman Corporation, UPM, UFP Industries Inc., Trex Company, Inc., TECNARO GMBH, NEWTECHWOOD., Jelu - Werk J. Ehrler GmbH & Co. Kg, Green Bay Decking, Flex Form Technologies., Advanced Environmental Recycling Technologies, Inc. |
COVID-19 Impact analysis
Top Impacting Factors
The biocomposites market is expected to witness growth owing to growing concern about environmentally sustainable technology as the biocomposites are used as substitutes to man-made fiber composites, carbon composites, and glass composites. Rising end use applications in industries such as consumer goods, electronic, automotive and construction among others creating an opportunity for the biocomposites market. Global biocomposites market is mainly driven by automobile sector which is more technology driven where biocomposites is used in combination with standard materials, such as carbon and glass fibers, which provide high tensile strength and stiffness. This evolves the product performance and minimizes the environmental impact. However, the low strength and the fluctuating cost are the major restraining factor for the market. Moreover, low energy consumption in production, low carbon emission and recyclability are properties of biocomposites, which boost the demand for biocomposites globally.
Market Trends
Key Segments Covered
By fibers
Polymer
Product
End-Use Industry
Region
Key Benefits of the Report
Questions answered in the Biocomposites Market Report
Key Market Segments
Segments | Sub-segments |
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By fibers |
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By Polymer |
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By Product |
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By End-Use Industry |
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By Region |
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Key Market Players
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