The global biocomposites market is expected to grow by 10% per annum, from $22.3 billion in 2019 to $511.2 billion in 2027. The industry is growing people’s awareness of environmentally friendly products, biodegradable and environmentally friendly alternative plastics are the main market growth trend. Biocomposites are one of the key materials used in the automotive industry because they provide weight reduction, anti-damping and shock absorption properties. Growing demand for lightweight vehicles and growing demand for electric vehicles around the world are expected to further strengthen the global biocomposite market during the forecast period.
A full report of Biocomposites Market available at https://www.orionmarketreports.com/biocomposites-market/10415/
Huntsman Corporation, Mitsubishi Plastics, Inc., Fiberon LLC, FlexForm Technologies, LLC, Universal Forest Products Inc., Bioworks, Inc., Stemergy, Procotex, Fiberon LLC, ALPAS Srl, NewTechWood, Green Bay Decking, Arkema, Procotex, Tecnaro GmbH, and Bast Fibers LLC, among others are leading players involved on the global Biocomposites market.
Scope of the Report:
This research report categorizes the biocomposites market based on fiber, polymer, product, end-use industry, and region. It forecasts revenue growth and analyzes trends in each of the submarkets till 2027.
Biocomposites Market: Segmentation
On the Basis of Fiber-
• Wood Fiber Composites
• Non-wood Fiber Composites
On the Basis of Polymer-
• Synthetic Polymer
• Natural Polymer
On the Basis of Product-
• Hybrid Biocomposites
• Green Biocomposites
On the Basis of End-Use Industry-
• Building & Construction
• Transportation
• Consumer Goods
• Others
Target Audience
• Biocomposites manufacturers
• Traders and distributors of biocomposites
• Research and development institute
• Potential investors
• Raw material suppliers
• National laboratory
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
