HOME Top Market Reports Biocomposites Market by Fiber (Wood Fiber and Non-Wood Fiber), Polymer (Synthetic and Natural), Product (Hybrid and Green), End-Use Industry (Transportation, Building & Construction and Consumer Goods), and Region - Global Forecast to 2022

Biocomposites Market by Fiber (Wood Fiber and Non-Wood Fiber), Polymer (Synthetic and Natural), Product (Hybrid and Green), End-Use Industry (Transportation, Building & Construction and Consumer Goods), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: September 2017
Report Code: CH 5600

 

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The biocomposites market was valued at USD 16.46 Billion in 2016 and is projected to reach USD 36.76 Billion by 2022, at a CAGR of 14.44% from 2017 to 2022. Biocomposites are increasingly used in building & construction, transportation, consumer goods end-use industries as they are moisture resistant, low-cost, light-weight, and biodegradable.

In this study, the years considered to estimate the market size of biocomposites are:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

2016 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the biocomposites market size, in terms of value
  • To identify and measure the biocomposites market by fiber, polymer, product, end-use industry, and region
  • To analyze significant region-specific market trends in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (ME&A) and country-specific trends in the US, Canada, Germany, France, UK, Sweden, Spain, Switzerland, Italy, China, India, Japan, South Korea, Indonesia, Thailand, UAE, Saudi Arabia, Egypt, South Africa, Argentina, Mexico, Brazil and others.
  • To provide detailed information regarding the major factors influencing the growth of the biocomposites market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically profile and analyze the key market players and their core competencies
  • To analyze recent developments, such as agreements, acquisitions, and expansions in the biocomposites market

Various secondary sources, such as company websites, encyclopedias, directories, and databases, such as Composite World, Factiva, and American Composites Manufacturers Association, have been used to understand and gain insights into the biocomposites market. Experts from top biocomposites companies have been interviewed to verify and collect critical information and to assess the trends in the biocomposites market for the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

Biocomposites Market

To know about the assumptions considered for the study, download the pdf brochure

The biocomposites market has a diversified ecosystem, including downstream stakeholders such as manufacturers, vendors, end-user industries, and government organizations. The biocomposites value chain includes polymer manufacturers, such as Arkema (France), Mitsubishi Plastics, Inc. (Japan), Huntsman Corporation (US), and others; and fiber manufacturers, such as Bast Fibers LLC (US), Stemergy (Canada), Procotex (Belgium), and others. Further, the manufacturers of biocomposites supply their products to various entities in the building & construction, transportation, consumer goods, and other end-user industries.

This study focuses on the top investment pockets, which would help stakeholders understand and analyze the emerging trends in the biocomposites market. These stakeholders include:

  • Biocomposites Manufacturers
  • Raw Material Suppliers
  • Distributors and Suppliers
  • End-use Industries
  • Industry Associations
  • R&D Institutions
  • Environment Support Agencies

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 2022.

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

On the Basis of Region-

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of the North America biocomposites market
  • Further breakdown of the Europe biocomposites market
  • Further breakdown of the Asia Pacific biocomposites market
  • Further breakdown of the Middle East & Africa biocomposites market
  • Further breakdown of the Latin America biocomposites market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Segmentation
    1.4 Currency
    1.5 Limitations
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in the Biocomposites Market
    4.2 Biocomposites Market, By Product Type
    4.3 Biocomposites Market, By End-Use Industry and Region
    4.4 Biocomposites Market Share, By Country

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Regulations Regarding the Use of Environmentally Friendly Products
                    5.2.1.2 Safer Compared to Glass Fibers
                    5.2.1.3 Recyclability
           5.2.2 Restraints
                    5.2.2.1 Relatively Low Strength as Compared to Glass Fibers
                    5.2.2.2 Fluctuating Cost, Availability, and Quality of Raw Materials
           5.2.3 Opportunities
                    5.2.3.1 Possibility of Price Reduction With Economies of Scale
                    5.2.3.2 Increasing Market Penetration in the Automotive Interior Segment Driven By Government Regulations
                    5.2.3.3 Opportunities in the Packaging Industry
           5.2.4 Challenges
                    5.2.4.1 Maintaining Consistency in Manufacturing Process and Mechanical Performance
                    5.2.4.2 Dominance of Glass Fiber and Carbon Fiber in the Composites Industry
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 42)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Trends in Automotive Industry
    6.4 Trends in Construction Industry

7 Biocomposites Market, By Fiber Type (Page No. - 47)
    7.1 Introduction
    7.2 Wood Fiber Composites
           7.2.1 Hardwood
           7.2.2 Softwood
    7.3 Non-Wood Fiber Composites
           7.3.1 Flax
           7.3.2 Hemp
           7.3.3 Jute
           7.3.4 Others

8 Biocomposites Market, By Polymer (Page No. - 54)
    8.1 Introduction
    8.2 Natural Polymer
           8.2.1 Polyhydroxyalkanoate (PHA)
           8.2.2 Polylactic Acid (PLA)
           8.2.3 Others
    8.3 Synthetic Polymer
           8.3.1 Epoxy
           8.3.2 Polypropylene (PP)
           8.3.3 Others

9 Biocomposites Market, By Product (Page No. - 60)
    9.1 Introduction
    9.2 Hybrid Biocomposites
    9.3 Green Biocomposites

10 Biocomposites Market, By End-Use Industry (Page No. - 63)
     10.1 Introduction
     10.2 Transportation
     10.3 Building & Construction
     10.4 Consumer Goods
     10.5 Others
             10.5.1 Marine
             10.5.2 Sports & Leisure Goods
             10.5.3 Electrical & Electronics
             10.5.4 Aerospace

11 Regional Analysis (Page No. - 72)
     11.1 Introduction
     11.2 North America
             11.2.1 By End-Use Industry
             11.2.2 By Fiber
             11.2.3 By Country
                        11.2.3.1 U.S.
                                     11.2.3.1.1 By End-Use Industry
                        11.2.3.2 Canada
                                     11.2.3.2.1 By End-Use Industry
     11.3 Europe
             11.3.1 By End-Use Industry
             11.3.2 By Fiber
             11.3.3 By Country
                        11.3.3.1 France
                                     11.3.3.1.1 By End-Use Industry
                        11.3.3.2 Germany
                                     11.3.3.2.1 By End-Use Industry
                        11.3.3.3 U.K.
                                     11.3.3.3.1 By End-Use Industry
                        11.3.3.4 Spain
                                     11.3.3.4.1 By End-Use Industry
                        11.3.3.5 Sweden
                                     11.3.3.5.1 By End-Use Industry
                        11.3.3.6 Switzerland
                                     11.3.3.6.1 By End-Use Industry
                        11.3.3.7 Italy
                                     11.3.3.7.1 By End-Use Industry
                        11.3.3.8 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 By End-Use Industry
             11.4.2 By Fiber
             11.4.3 By Country
                        11.4.3.1 China
                                     11.4.3.1.1 By End-Use Industry
                        11.4.3.2 Japan
                                     11.4.3.2.1 By End-Use Industry
                        11.4.3.3 India
                                     11.4.3.3.1 By End-Use Industry
                        11.4.3.4 South Korea
                                     11.4.3.4.1 By End-Use Industry
                        11.4.3.5 Indonesia
                                     11.4.3.5.1 By End-Use Industry
                        11.4.3.6 Thailand
                                     11.4.3.6.1 By End-Use Industry
                        11.4.3.7 Rest of Asia-Pacific
     11.5 Middle East & Africa
             11.5.1 By End-Use Industry
             11.5.2 By Fiber
             11.5.3 By Country
                        11.5.3.1 UAE
                                     11.5.3.1.1 By End-Use Industry
                        11.5.3.2 Saudi Arabia
                                     11.5.3.2.1 By End-Use Industry
                        11.5.3.3 South Africa
                                     11.5.3.3.1 By End-Use Industry
                        11.5.3.4 Egypt
                                     11.5.3.4.1 By End-Use Industry
     11.6 Latin America
             11.6.1 By End-Use Industry
             11.6.2 By Fiber
             11.6.3 By Country
                        11.6.3.1 Argentina
                                     11.6.3.1.1 By End-Use Industry
                        11.6.3.2 Brazil
                                     11.6.3.2.1 By End-Use Industry
                        11.6.3.3 Mexico
                                     11.6.3.3.1 By End-Use Industry

12 Competitive Landscape (Page No. - 108)
     12.1 Market Ranking of Key Players
             12.1.1 Market Ranking of Top 5 Players in the Global Biocomposites Market
                        12.1.1.1 Fiberon LLC
                        12.1.1.2 Trex Company, Inc.
                        12.1.1.3 UPM

13 Company Profiles (Page No. - 110)
     13.1 Trex Company, Inc.
Business Overview Products Offered Strength of Product Portfolio Business Strategy Excellence Recent Developments
     13.2 UPM
     13.3 Universal Forest Products, Inc.
     13.4 Flexform Technologies
     13.5 Tecnaro GmbH
     13.6 Jelu-Werk J.Ehrler GmbH & Co. Kg
     13.7 Green Bay Decking LLC
     13.8 Fiberon LLC
     13.9 Meshlin Composites ZRT
     13.10 Alpas SRL
     13.11 Huangshan Huasu New Material Science & Technology Co., Ltd.
     13.12 Newtechwood
     13.13 Nanjing Jufeng Advanced Materials Co., Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies.
     13.14 Other Key Players
             13.14.1 Mcg Biocomposites LLC
             13.14.2 Anhui Guofeng Wood Plastic Composite Co., Ltd.
             13.14.3 Advanced Environmental Recycling Technologies, Inc.
             13.14.4 A B Composites Pvt. Ltd.
             13.14.5 Bcomp Ltd.
             13.14.6 Alstone
             13.14.7 TTS (Tekle Technical Services), Inc.
             13.14.8 Green Dot Holding LLC
             13.14.9 Nanjing Xuha Sundi New Building Materials Co., Ltd.
             13.14.10 Lingrove
             13.14.11 Polyvlies Franz Beyer GmbH & Co. Kg
             13.14.12 Saige Longlife Composite Decking
             13.14.13 Weyerhaeuser
             13.14.14 Tamko Building Products Inc.
             13.14.15 Winrigo
             13.14.16 Yixing Hualong New Material Lumber Co., Ltd.
             13.14.17 Anhui Huiyun Wood Plastic Composite Co., Ltd.

14 Appendix (Page No. - 142)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Knowledge Store: Marketsandmarkets Subscription Portal
     14.7 Author Details


List of Tables (106 Tables)

Table 1 Trends and Forecast of GDP, 2016–2022 (USD Billion)
Table 2 Automotive Production, in Million Units (2015-2016)
Table 3 Construction Industry Spending, 2015–2017 (USD Billion)
Table 4 Biocomposites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 5 Biocomposites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 6 Wood Fiber Composites Market, By Region, 2015–2022 (Kiloton)
Table 7 Wood Fiber Composites Market, By Region, 2015–2022 (USD Million)
Table 8 Surface Treatment Processes
Table 9 Properties of Natural Fibers and Glass Fibers
Table 10 Non-Wood Fiber Composites Market, By Region, 2015–2022 (Kiloton)
Table 11 Non-Wood Fiber Composites Market, By Region, 2015–2022 (USD Million)
Table 12 Biocomposites Market Size, By Polymer, 2015–2022 (Kiloton)
Table 13 Biocomposites Market Size, By Polymer, 2015–2022 (USD Million)
Table 14 Properties & Applications of Natural Polymers
Table 15 Natural Polymer-Based Biocomposites Market Size, By Region, 2015–2022 (Kiloton)
Table 16 Natural Polymer-Based Biocomposites Market, By Region, 2015–2022 (USD Million)
Table 17 Synthetic Polymer-Based Biocomposites Market Size, By Region, 2015–2022 (Kiloton)
Table 18 Synthetic Polymer-Based Biocomposites Market Size, By Region, 2015–2022 (USD Million)
Table 19 Biocomposites Market Size, By Product, 2015–2022 (Kiloton)
Table 20 Biocomposites Market Size, By Product, 2015–2022 (USD Million)
Table 21 Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 22 Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 23 Biocomposites Market Size in Transportation End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 24 Biocomposites Market Size in Transportation End-Use Industry, By Region, 2015–2022 (USD Million)
Table 25 Biocomposites Market Size in Building & Construction End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 26 Biocomposites Market Size in Building & Construction End-Use Industry, By Region, 2015–2022 (USD Million)
Table 27 Biocomposites Market Size in Consumer Goods End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 28 Biocomposites Market Size in Consumer Goods End-Use Industry, By Region, 2015–2022 (USD Million)
Table 29 Biocomposites Market Size in Other End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 30 Biocomposites Market Size in Other End-Use Industry, By Region, 2015–2022 (USD Million)
Table 31 Biocomposites Market Size, By Region, 2015–2022 (Kiloton)
Table 32 Biocomposites Market Size, By Region, 2015–2022 (USD Million)
Table 33 North America: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 34 North America: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 35 North America: Biocomposites Market Size, By Fiber, 2015–2022 (Kiloton)
Table 36 North America: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 37 North America: Biocomposites Market Size, By Country, 2015–2022 (Kiloton)
Table 38 North America: Biocomposites Market Size, By Country, 2015–2022 (USD Million)
Table 39 U.S.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 40 U.S.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 41 Canada.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 42 Canada: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 43 Europe: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 44 Europe: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 Europe: Biocomposites Market Size, By Fiber, 2015–2022 (Kiloton)
Table 46 Europe: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 47 Europe: Biocomposites Market Size, By Country, 2015–2022 (Kiloton)
Table 48 Europe: Biocomposites Market Size, By Country, 2015–2022 (USD Million)
Table 49 France: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 50 France: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 51 Germany: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 52 Germany: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 U.K.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 54 U.K.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 Spain: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 56 Spain: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 57 Sweden: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 58 Sweden: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 Switzerland: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 60 Switzerland: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Italy: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 62 Italy: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 63 Asia-Pacific: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 64 Asia-Pacific: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 65 Asia-Pacific: Biocomposites Market Size, By Fiber, 2015–2022 (Kiloton)
Table 66 Asia-Pacific: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 67 Asia-Pacific: Biocomposite Market Size, By Country, 2015–2022 (Kiloton)
Table 68 Asia-Pacific: Biocomposite Market Size, By Country, 2015–2022 (USD Million)
Table 69 China: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 70 China: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Japan: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 72 Japan: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 73 India: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 74 India: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 75 South Korea: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 76 South Korea: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 77 Indonesia: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 78 Indonesia: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 79 Thailand: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 80 Thailand: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 81 ME&A: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 82 ME&A: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 83 ME&A: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 84 ME&A: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 85 ME&A: Biocomposites Market Size, By Country, 2015–2022 (Kiloton)
Table 86 ME&A: Biocomposites Market Size, By Country, 2015–2022 (USD Million)
Table 87 UAE.: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 88 UAE: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 89 Saudi Arabia: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 90 Saudi Arabia: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 91 South Africa: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 92 South Africa: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 93 Egypt: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 94 Egypt: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 95 Latin America: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 96 Latin America: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 97 Latin America: Biocomposites Market Size, By Fiber, 2015–2022 (Kiloton)
Table 98 Latin America: Biocomposites Market Size, By Fiber, 2015–2022 (USD Million)
Table 99 Latin America: Biocomposites Market Size, By Country, 2015–2022 (Kiloton)
Table 100 Latin America: Biocomposites Market Size, By Country, 2015–2022 (USD Million)
Table 101 Argentina: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 102 Argentina: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 103 Brazil: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 104 Brazil: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 105 Mexico: Biocomposites Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 106 Mexico: Biocomposites Market Size, By End-Use Industry, 2015–2022 (USD Million)


List of Figures (40 Figures)

Figure 1 Biocomposites: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Biocomposites Market: Research Design
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Biocomposites Market: Data Triangulation
Figure 8 Assumptions
Figure 9 Wood Fiber Biocomposites to Dominate the Market, 2017 vs 2022
Figure 10 Synthetic Polymer-Based Biocomposites to Drive the Market Growth, 2017 vs 2022
Figure 11 Biocomposites Market to Register the Highest CAGR in the Transportation End-Use Industry, 2017 vs 2022
Figure 12 Asia-Pacific Dominated the Biocomposites Market in 2016
Figure 13 Attractive Opportunities in the Biocomposites Market Between 2017 and 2022
Figure 14 Wood Fiber Composites to Lead the Biocomposites Market
Figure 15 Asia-Pacific Dominated the Biocomposites Market in 2016
Figure 16 China to Register the Highest CAGR in the Biocomposites Market, 2017 vs 2022
Figure 17 Drivers, Restraints, Opportunities, and Challenges of the Biocomposites Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Relative GDP Growth Scenario of Key Economies
Figure 20 Automotive Production, By Region, 2016–2035
Figure 21 Construction Industry, By Country, 2015–2017
Figure 22 Wood Fiber Composites to Dominate Biocomposites Market
Figure 23 Asia-Pacific to Lead Wood Fiber Composites Market, 2015–2022 (USD Million)
Figure 24 Asia-Pacific to Lead Non-Wood Fiber Composites Market, 2015–2022 (USD Million)
Figure 25 Synthetic Polymer to Dominate the Biocomposites Market
Figure 26 Asia-Pacific to Lead Natural Polymer-Based Biocomposites Market
Figure 27 Asia-Pacific to Lead Synthetic Polymer-Based Biocomposites Market
Figure 28 Hybrid Biocomposites to Dominate the Biocomposites Market
Figure 29 Building & Construction End-Use Industry Dominates Biocomposites Market
Figure 30 Asia-Pacific to Register the Highest Growth in Transportation End-Use Industry
Figure 31 Asia-Pacific to Lead Biocomposites Market in Building & Construction End-Use Industry
Figure 32 China Leads the Global Biocomposites Market, 2016
Figure 33 North America Biocomposites Market Snapshot: U.S. is the Most Lucrative Market
Figure 34 Europe Biocomposites Market Snapshot: Germany is the Most Lucrative Market
Figure 35 Asia-Pacific Biocomposites Market Snapshot: China is the Largest Market
Figure 36 Middle East & Africa Biocomposites Market Snapshot: Saudi Arabia is the Most Lucrative Market
Figure 37 Latin America Biocomposites Market Snapshot: Mexico is the Most Lucrative Market
Figure 38 Trex Company, Inc.: Company Snapshot
Figure 39 UPM: Company Snapshot
Figure 40 Universal Forest Products, Inc.: Company Snapshot

The global biocomposites market is projected to reach USD 36.76 Billion by 2022, at a CAGR of 14.44% from 2017 to 2022. Government regulations regarding the use of environmentally friendly products and the safety & recyclability of biocomposites as compared to synthetic fiber composites are some of the key factors responsible for the growth of the biocomposites market.

The biocomposites market is segmented on the basis of fiber into wood fiber and non-wood fiber. Wood fiber composites are resistant to moisture & mildew, resulting in their low maintenance and longer product shelf life. Wood fiber composites are mainly used in the building & construction end-use industry in the form of decking, railings, balusters, fences, and others. The increasing demand for lightweight, moisture resistant, and low maintenance products in the building & construction end-use industry is expected to drive the wood fiber composites market between 2017 and 2022.

By end-use industry, the biocomposites market is segmented into building & construction, transportation, consumer goods, and others. The transportation segment is projected to be the fastest-growing end-use industry segment of the market during the forecast period. Biocomposites are used in the automotive industry owing to their lightweight, impact resistance, and non-toxic features. Also, no sharp-edged fractures are formed in case of a crash, thereby providing safety to passengers. The increasing demand for naturally sourced, non-toxic, and impact resistant materials in the transportation end-use industry is anticipated to drive the biocomposites market between 2017 and 2022.

Biocomposites Market

Asia Pacific is expected to be the fastest-growing market for biocomposites during the next five years due to the increasing demand from the region’s transportation and building & construction end-use industries. Government regulations regarding the use of non-toxic, biodegradable, and lightweight materials and increasing infrastructure projects in emerging economies, such as China, India, South Korea, Thailand, Indonesia, and others are also expected to drive the Asia Pacific biocomposites market in the coming years.

Relatively low strength as compared to glass fibers and fluctuating cost, availability, and quality of raw materials are some of the major restraints in the growth of the global biocomposites market.

FlexForm Technologies (US), Tecnaro GmbH (Germany), Trex Company, Inc. (US), Fiberon LLC (US), Meshlin Composites ZRT (Hungary), UPM (Finland), Jelu-Werk J. Ehrler GmbH & Co. KG (Germany), Green Bay Decking (US), and Universal Forest Products, Inc. (US) are some of the leading players in the global biocomposites market. These players have been adopting various organic and inorganic growth strategies, such as agreements, acquisitions, and expansions to enhance their shares in the global biocomposites market.

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