PUBLISHER: BCC Research | PRODUCT CODE: 1117537
PUBLISHER: BCC Research | PRODUCT CODE: 1117537
The global bio-composites market should reach $7.7 billion by 2027 from $5.3 billion in 2022 at a compound annual growth rate (CAGR) of 7.6% for the forecast period of 2022 to 2027.
The wood fiber segment of the global bio-composites market is expected to grow from $4.5 billion in 2022 to $6.5 billion in 2027 at a CAGR of 7.7% for the forecast period of 2022 to 2027.
The non-wood fiber segment of the global bio-composites market is expected to grow from $789.6 million in 2022 to $1.1 billion in 2027 at a CAGR of 7.1% for the forecast period of 2022 to 2027.
This report will cover the bio-composites industry. Definitive and detailed estimates and projections of the global market are provided, followed by a detailed analysis of the regions, countries, types, end-use industries and ongoing trends.
The scope of this report on the bio-composites market will cover all the commercially available product types, applications, and fiber types actively being utilized and consumed by crucial application industries.
The market size and estimations will be provided in terms of revenue (U.S. $millions), with 2021 serving as the base year; and the market forecast will be given for the period from 2022 to 2027.
This report considers the impact of COVID-19. In 2021, the growth rate of every industry around the globe was affected by the pandemic. The presently developing Russia-Ukraine war and the COVID-19 pandemic have, at this time, hampered the growth of every economy in the world. On top of the actions taken to lock down and contain the spread of the coronavirus while also minimizing the disruption of supply chains in their respective countries, various governments around the world are now also taking measures to contain the economic slowdown triggered by Russia's invasion of Ukraine.
The bio-composites market is segmented based on its applications, namely: building and construction, automotive, industrial and others. This market is further divided into the different by-product types of bio-composites, such as wood fiber composites and non-wood fiber composites.
Figure A : deHavilland DH-88 Comet
Figure B : Bio-Composites Properties
Figure C : Methodology