Markntel Advisors’ report, Biocomposites Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Biocomposites presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Biocomposites Market Research Report & Market Summary:
The Global Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30. Various factors are associated with this market growth. The rapid expansion of the global construction sector is greatly fueling the need for biocomposites. Since the construction industry is anticipated to cross over USD 23 trillion by 2032, there has been an increased demand for utilizing sustainable materials. There are several ongoing and upcoming construction projects using biocomposites owing to their ecological benefits. For instance, the 2022 European Biocomposite Bridge in Almere, incorporates biocomposites in their construction materials like flax fiber & bio-resin. In 2024, the use of biocomposite floor elements in Netherlands Dura Vermeer’s (Hengelo) novel housing concept Aer with the first units to be available in 2025, is another prominent example of this growing trend.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/biocomposites-market.html
Biocomposites Market Dynamics:
Key Driver-
Requirement in the Automotive Sector Intensifying Market Demand – The car industry is in greater use of biocomposites as a sustainable option to conventional materials, fueling market growth. The materials, which integrate natural fibers with polymers, have lightweight characteristics, high durability, and less environmental impact, and therefore they are well suited for production in contemporary cars. The reduction of weight, which provides better fuel economy and allows extended driving range for EVs, is the main growth driver for automotive industries seeking biocomposites. For example, the BMW i3 uses hemp fiber-reinforced door panels that reduce weight by 10% while maintaining the integrity of structures. Manufacturers of ultra-luxury and performance cars like the Lotus Theory 1 electric sports car are keen to incorporate biocomposites to ensure improved performance. With increasing global automobile production, the use and demand for biocomposites continue to rise.
In 2024, global EV sales reached 17.1 million units, a 25% increase from 2023. Between 2030 and 2034, it is expected that EVs will constitute 42% to 58% of car sales. This further increases the demand for biocomposites in parts such as interior panels, seat-backs, and headliners. Thus biocomposites shall gradually be a significant contributing factor in redefining the automotive market from a balance between sustainability and performance.
Biocomposites Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Processing Method
- Filament Winding- Market Size & Forecast 2020-2030, USD Million
- Extrusion- Market Size & Forecast 2020-2030, USD Million
- Injection Molding- Market Size & Forecast 2020-2030, USD Million
- Compression Molding- Market Size & Forecast 2020-2030, USD Million
- Machine Press- Market Size & Forecast 2020-2030, USD Million
- Others
By Polymer Matrix
- Synthetic Polymer- Market Size & Forecast 2020-2030, USD Million
- Polypropylene- Market Size & Forecast 2020-2030, USD Million
- Polystyrene- Market Size & Forecast 2020-2030, USD Million
- Others
- Bio-Based Polymer
- Polylactic acid- Market Size & Forecast 2020-2030, USD Million
- Polyhydroxyalkanoates- Market Size & Forecast 2020-2030, USD Million
- Polybutylene Succinate- Market Size & Forecast 2020-2030, USD Million
- Others
By Product Type
- Green Biocomposites- Market Size & Forecast 2020-2030, USD Million
- Hybrid Biocomposites- Market Size & Forecast 2020-2030, USD Million
- Others
Based on Product Type, Green Biocomposites hold the largest portion of the Global Biocomposites Market, accounting for approximately 63.75%.
By Fiber Type
- Wood Fibers- Market Size & Forecast 2020-2030, USD Million
- Non-Wood Fibers- Market Size & Forecast 2020-2030, USD Million
- Flax- Market Size & Forecast 2020-2030, USD Million
- Jute- Market Size & Forecast 2020-2030, USD Million
- Kenaf’- Market Size & Forecast 2020-2030, USD Million
- Hemp- Market Size & Forecast 2020-2030, USD Million
- Coir- Market Size & Forecast 2020-2030, USD Million
- Sisal- Market Size & Forecast 2020-2030, USD Million
- Others
Wood Fibers dominate the Global Biocomposites Market. It holds approx. 69% share of the total market. Wood fiber biocomposites are the leaders in the world market due to their abundance, renewability, and superior mechanical properties.
By End User
- Transportation- Market Size & Forecast 2020-2030, USD Million
- Building and Construction- Market Size & Forecast 2020-2030, USD Million
- Consumer goods- Market Size & Forecast 2020-2030, USD Million
- Electrical & electronics- Market Size & Forecast 2020-2030, USD Million
- Others
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Out of them, Asia-Pacific leads the Global Biocomposites Market. It holds approx. 43% market share. China, India, and Japan possess large volumes of natural fibers, which helps lower their production costs while meeting supply chain needs.
As indicated in the latest market research report published by Markntel Advisors, “Biocomposites Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Biocomposites industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/biocomposites-market.html
Top Companies Operating in the Biocomposites Market:
- Stora Enso
- UPM
- UFP Industries, Inc.
- Trex Company, Inc.
- Fiberon LLC
- Green Dot Corporation
- Procotex Corporation
- Bast Fibers LLC,
- FlexForm Technologies
- TECNARO GMBH
- Meshlin Composites Zrt
- Nanjing Jufeng Advanced Materials Co., Ltd.
- BioComposites Group
- Lanxess AG
- A B Composites Pvt. Ltd.
- Bcomp
- Colan Australia
- Angeloni s.r.l
- RTP Company
- Lingrove Inc.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Biocomposites Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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