• Thu. May 12th, 2022

Latest Biocomposites Market Size and Share – Trex Company, Fiberon LLC, FlexForm Technologies, Tecnaro GmbH – The Bollywood Ticket

The global biocomposites market size is expected to grow from USD 24.4 billion in 2021 to USD 51.2 billion by 2021, growing at a CAGR of 16.0% between 2021 and 2026.

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The report provides a comprehensive analysis of the company profiles listed below:

  • UPM (Finland),
  • Trex Company (USA),
  • Fiberon LLC (USA),
  • FlexForm Technologies (USA),
  • Universal Forest Products, Inc. (USA),
  • Nanjing Jufeng Advanced Materials Co., Ltd (China),
  • Meshlin Composites ZRT (Hungary),
  • Tecnaro GmbH (Germany)

“Wood fiber composites are the fastest growing fiber type in the biocomposites market in terms of value.

Wood fiber composites are the fastest growing fiber type, in terms of volume and value over the forecast years. These biocomposites are produced in the form of decking, balustrades, balusters, fences and others. Wood fiber composites are less expensive than non-wood fiber composites. These are used in applications such as residential and commercial establishments, poolside area, observatory deck and piers. These are some of the factors that are driving the demand for wood fiber composites over the forecast period.

“Natural polymer-based biocomposites are the fastest growing type of polymer biocomposites, in terms of value.”

Natural polymers are obtained from a variety of sources, including plants and recycled plastics. This is an emerging product, which should reduce dependence on petroleum polymers. Natural polymers have the potential to increase their penetration in different end-use industries due to their favorable properties. The growing government focus on increasing the use of environmentally friendly products instead of petroleum-based products is a major driver for natural polymer-based composites.

“Hybrid biocomposites are the fastest growing type of biocomposite product, in terms of value.

Hybrid composites product segment is the fastest growing product segment in the global biocomposites market in terms of value during the forecast period, supported by the strong demand for biocomposites across the globe. This high market share is attributed to their good fibre-polymer adhesion which results in low moisture absorption, high strength and dimensional stability.

“Transportation is the fastest growing end-use industry for biocomposites, in terms of value.”

The transportation end-use industry is estimated to account for the largest CAGR of the global biocomposites market. The demand for light and natural products translates into increased energy efficiency; it is expected to drive the growth of the biocomposites market. An increase in the penetration of biocomposites is expected over the forecast period, as car manufacturers have to meet strict emission standards, such as CAFE, European standards and BS-IV. The global biocomposites market is therefore expected to register the highest CAGR in the transportation end-use industry between 2021 and 2026 compared to other end-use industries, such as building & construction and consumer goods. consumption. Production of biocomposite parts in various industries was halted due to COVID-19, in 2020

“Asia-Pacific is the fastest growing market for biocomposites.”

The Asia-Pacific region is expected to register the highest CAGR in terms of value in the global biocomposites market during the forecast period. Asia-Pacific dominated the biocomposites industry in 2020. Biocomposites manufacturing companies have many opportunities in the Asia-Pacific market compared to their European and North American counterparts owing to the labor- labor and raw materials at low cost.

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Biocomposites Market Competitive Landscape:

1. Introduction
2 Market Share Analysis
3 Market Ranking
4 Market assessment framework
5 Major Players Revenue Analysis Market
6 Business Evaluation Matrix
6.1 Star
6.2 Generalized
6.3 Attendees
6.4 Emerging Leaders
6.5 Product Portfolio Strength
6.6 Excellence in business strategy
7 Small and Medium Enterprise (SME) Assessment Matrix
8 Startup/Small and Medium Enterprise (SME) Assessment Matrix
8.1 Progressive Companies
8.2 Sensitive companies
8.3 Dynamic companies
8.4 Starting Blocks

Research Coverage:

This report covers the global biocomposites market and forecasts the market size till 2026. The report includes market segmentation – Fiber type (wood fiber composites, non-wood fiber composites), polymer type (polymer composites natural materials, synthetic polymer composites), product (LayHybrid composites, green composites), end-use industry (building and construction, transportation, consumer goods and others) and region (Europe, North America, Asia-Pacific, Latin America, Middle East and Africa). Porter’s five forces analysis along with drivers, restraints, opportunities and challenges are discussed in the report. It also provides company profiles and competitive strategies adopted by leading players in the global biocomposites market.

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