PUBLISHER: Lucintel | PRODUCT CODE: 1153996
PUBLISHER: Lucintel | PRODUCT CODE: 1153996
Bio-Composites Market Trends and Forecast
The future of the bio-composites market looks promising with opportunities in building and construction, automotive, industrial & consumer goods industries. The global bio-composites market is expected to reach an estimated $9.5 billion by 2027 with a CAGR of 3.4% from 2021 to 2027. The major growth drivers for this market are increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.
Emerging Trends in the Bio-Composites Market
Emerging trends, which have a direct impact on the dynamics of the bio-composites industry, include the emergence of new applications, and government support to innovate and commercialize the use of bio-based composites.
A total of 121 figures / charts and 118 tables are provided in this 212-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the bio-composites market report.
Bio-Composites Market by Segment
Bio-Composites Market by End Use [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 - 2027]:
Bio-Composites Market by Process [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 - 2027]:
Bio-Composites Market by Resin [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 - 2027]:
Bio-Composites Market by Fiber [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 - 2027]:
Bio-Composites Market by Region [Value ($B) and Volume (Million Pounds) shipment analysis for 2016 - 2027]:
List of Bio-Composites Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-composites companies profiled in this report includes.
Bio-Composites Market Insight
Features of Bio-Composites Market
FAQ
Q1. What is the bio-composites market size?
Answer: The global bio-composites market is expected to reach an estimated $9.5 billion by 2027.
Q2. What is the growth forecast for bio-composites market?
Answer: The bio-composites market is expected to grow at a CAGR of 3.4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the bio-composites market?
Answer: The major growth drivers for this market are increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.
Q4. What are the major applications or end use industries for thermoplastic resin in global automotive composites?
Answer: Building & construction and automotive are the major applications industries for global bio composites market.
Q5. What are the emerging trends in bio-composites market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of hybrid type auto parts, and integration of operational capabilities.
Q6. Who are the key bio-composites companies?
Answer: Some of the key bio-composites companies are as follows:
Q7. Which bio-composites material segment will be the largest in future?
Answer: Lucintel forecasts that building and construction will remain the largest segment over the forecast period due to increasing demand for moisture resistance, low maintenance, non-toxic, and durable products.
Q8 : In bio-composites market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.