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    Bio Composites Market Report

    Bio Composites Market Report
    Report code - SR2171 Delivery - 2 Weeks
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    Bio-Composites Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Market Insights

    Bio-composite is basically a composite material which is formed by a matrix and a reinforcement of natural fibers. In this material, either one of the matrix and reinforcement components or both are from bio-based origins. Environmental concerns and the high cost of synthetic fibers have resulted in an increased utilization of natural fiber as reinforcement, which is likely to drive the bio-composites market in the coming years.

    Bio-composites find various applications, ranging from household articles to automobiles, eventually resulting in an increased product demand. Growing demand for wood plastic composites in the construction industry and increasing utilization of natural fiber composites in automotive interiors are some of the key factors expected to drive the market growth during the forecast period. Overall, the bio-composites market is likely to rebound at a healthy CAGR of 3.5% during the forecast period.

    Segment Analysis

    Based on the end-use type, the market is segmented as building and construction, automotive, industrial and consumer goods, and others. The building and construction segment is expected to hold the largest share of the market during the forecast period. Rising demand for low-maintenance, moisture-resistant, non-toxic, and durable products is one of the major factors driving the segment's growth in the coming years.

    Based on the resin type, the market is segmented as polyethylene, polypropylene, polyvinyl chloride, polylactic acid, and others. Polyethylene is estimated to account for the major share of the market during the forecast period. The dominance of the segment can be attributed to its excellent characteristics, such as near-zero moisture absorption, excellent chemical inertness, durability, and ease of processing.

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing region in the market for bio-composites during the forecast period with Japan, India and China being the growth engines of the region. Furthermore, growing demand for wood plastic composites decking, fencing, and railing in the building and construction industry is expected to accelerate the regional market growth over the forecast period.  

    Key Players

    The following are the key players in the bio-composites market.

    • FlexForm Technologies LLC 
    • Tecnaro GmbH
    • Trex Company Inc. 
    • Azek Building Products  
    • Procotex Corporation SA
    • Fiberon LLC.
    • GreenGran BV
    • FiberGran GmbH & Co. KG
    • UFP Industries, Inc.
    • Tamko Building Products LLC

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s bio-composites market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors

    The bio-composites market is segmented into the following categories. 

    Bio-Composites Market, by End-Use Type

    • Building and Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial and Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Bio-Composites Market, by Process Type

    • Extrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Bio-Composites Market, by Resin Type

    • Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polylactic Acid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Bio-Composites Market, by Fiber Type

    • Wood Flour (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flax (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Kenaf (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hemp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Jute (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Bio-Composites Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    FlexForm Technologies LLC, Tecnaro GmbH, Trex Company Inc., Azek Building Products, Procotex Corporation SA, Fiberon LLC., GreenGran BV, FiberGran GmbH & Co. KG, UFP Industries, Inc., and Tamko Building Products LLC are some of the key players in the market.

    Asia-Pacific, led by China, Japan, and India, is estimated to remain the leading region in the bio-composites market in the foreseen future. Growing demand for wood plastic composites decking, fencing, and railing in the building and construction industry is expected to fuel the overall market growth during the forecast period.

    The bio-composites market is estimated to grow at a CAGR of 3.5% by 2027, driven by the growing demand for wood plastic composites in the construction industry and increasing utilization of natural fiber composites in automotive interiors. Environmental concerns and the high cost of synthetic fibers have increased the use of natural fiber as reinforcement, which is expected to drive the bio-composites market in the coming years.

    The building and construction end-use type is estimated to be the dominant segment of the market during the forecast period. The growth of the segment can be attributed to the rising demand for low-maintenance, moisture-resistant, non-toxic, and durable products in the industry.