The global biocomposites market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period. The rising demand for biocomposites from automobile industry is expected to fuel the global biocomposites market. Biocomposites have various advantages for use in automobile applications. Composites are usually lightweight materials, due to which they diminish vehicle consumption and greenhouse gas emissions. Biocomposites have sound and thermal properties which makes them perfect for vehicle interior parts. Biocomposites have various applications in automotive sector including interior components, wood trim, seat fillers, seat backs, headliners, interior panels, dashboards and others, due to which it is expected to drive the market in future. Considering various applications of biocomposites in automobile industry, market players are concerned towards bringing new products based on biocomposites in this sector.
For instance, in January 2021, Lingrove launched ekoa surface peel n’stick, made from flax fiber which is CO2 negative and requires no irrigation. Ekoa syndicates this fiber with bioresins to produce composite surface that have look of wood without environmental drawbacks. Ekoa surface is rich in bio content than various wood based products being used in commercial interiors and furnishings. Ekoa surface was launched as a consumer product however, its lightweight property resulted in its application in automobile industry and Lingrove received orders for ekoa surface from automotive companies. Owing to various benefits of biocomposites, companies are adopting them for producing new products as a result of which the market will grow.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Product
- By Fiber Type
- By Polymer Type
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– BASF SE, Bcomp Ltd., Celanese Corp., Fiberon, FlexForm Technologies, LANXESS, Lingrove Inc., Mitsubishi Chemical Advanced Materials AG, and others.
Biocomposites Market Report by Segment
By Product
- Hybrid Biocomposites
- Green Biocomposites
By Fiber Type
- Wood Fiber Composites
- Non-wood Fiber Composites
By Polymer Type
- Natural Polymer Composites
- Synthetic Polymer Composites
By End-Use
- Consumer Goods
- Building & Construction
- Transportation
- Automobile
- Others (Electronics, Aerospace & Military)
A full Report of Biocomposites Market is Available @ https://www.omrglobal.com/industry-reports/biocomposites-market
Biocomposites Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- BASF SE
- Bcomp Ltd.
- Celanese Corp.
- Fiberon
- FlexForm Technologies
- LANXESS
- Lingrove Inc.
- Mitsubishi Chemical Advanced Materials AG
- Nanjing Jufeng Advanced Materials Co., Ltd.
- NATUREPLAST
- PNH co.,ltd.
- Stora Enso
- TECNARO GMBH
- TPI Composites
- TTS
- UPM
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
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