Product Code: AVM232A
Highlights:
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.
Report Scope:
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.
Report Includes:
- 74 data tables and 15 additional tables
- An up-to-date overview and analysis of the global markets for bio-composites
- Analyses of the global market trends, with market revenue for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and future market potential for bio-based composite materials, and areas of focus to forecast this bio-composites market into various segments and sub-segments
- Estimation of the actual market size for bio-composites, market forecast in USD million values, and corresponding market share analysis segmented by product type, application, fiber/reinforcement type, resin, and geographic region
- Assessment of major driving factors, trends, opportunities and challenges in this innovation driven market, along with technology advances and regulatory implications within the marketplace
- Information pertaining to the impact of COVID-19 and Russia-Ukraine war on the market for bio-composite materials
- Discussion of the industry value chain analysis of bio-composites market, providing a systematic study of key intermediaries involved, with emphasis on raw materials, intermediate products, part fabricators, and end users
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Updated information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
- Descriptive company profiles of the leading global players, including Azek Building Products, FlexForm Technologies, Lingrove, Trex Company Inc. and Universal Forest Products
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
- Industry Overview and Description
- Key Types of Natural Fibers
- Wood
- Hemp
- Kenaf
- Flax
- Jute
- Life Cycle of Bio-Composites (Natural Fiber Composites) in Automotive Industry
- Key Applications and Process of Manufacturing in End-Use Industries of Bio-Composites
- Key Manufacturing Processes
- Injection Molding
- Compression Molding
- Extrusion
- Filament Winding
- Pultrusion
- Resin Transfer Molding
Chapter 4 Market Trends
- Drivers and Challenges of Bio-Composites
- Drivers
- Significant Growth in the Construction Industry
- Upsurge in the Demand for Environmentally Friendly Manufacturing Materials
- Governmental Rules for the Usage of Reusable and Recyclable Materials
- Demand for More Sustainable Materials and Circular Economy Principles Is Supporting the Trend for Bio-Composites to Grow in Future
- Challenges
- Demand for Competition From the Materials Cost Point of View
- Requirement for the Property Enhancement of Material
- Inconsistency in Natural Fibers
- SWOT Analysis of Bio-Composites Market
- Strengths and Opportunities
- Weaknesses and Threats
- Value Chain Analysis of Bio-Composites Market
- Impact of COVID-19 Pandemic on the Bio-Composites Market
- Impact of Russia-Ukraine War on the Bio-Composites Market
- Pricing Analysis of Bio-Composites Materials
Chapter 5 Market Analysis by Type
- Wood Fiber Bio-Composites
- Non-Wood Fibers Bio-Composites
Chapter 6 Market Analysis by Application
- Introduction
- Classification of Bio-Composites Materials in Different Applications
- Building and Construction
- Automotive
- Industrial
- Others
Chapter 7 Market Analysis by Fiber Type
- Types of Fiber in the Bio-Composites Market
- Wood Fiber
- Hemp
- Flax
- Others
Chapter 8 Market Analysis by Resin
- Global Bio-Composites Market by Resin
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Other Resins
Chapter 9 Market Analysis by Region
- Global Market
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Chapter 10 Company Profiles
- AZEK BUILDING PRODUCTS
- FIBERON
- FLEXFORM TECHNOLOGIES LLC
- GREEN DOT BIOPLASTICS
- HUANGSHAN HUASU NEW MATERIAL SCIENCE & TECHNOLOGY CO. LTD.
- JELU-WERK J. EHRLER GMBH & CO. KG
- LINGROVE
- MESHLIN COMPOSITES ZRT.
- PROCOTEX CORP.
- TECNARO GMBH
- TREX COMPANY INC.
- UNIVERSAL FOREST PRODUCTS INC.
- UPM
- WEYERHAEUSER COMPANY