Global Biocomposites Market was valued at USD 27.54 Billion in 2021 and is expected to reach USD 68.07 Billion by the year 2028, at a CAGR of 13.8%.The Analysis Period 2023-2030.
Composites are materials that have one or more continuous phases embedded in the discontinuous phase. The continuous phase is termed the matrix, and the discontinuous is called reinforcement or filler. Biocomposites are materials developed from a natural and renewable source. Recently, due to environmental crisis and sustainability issues, there has been a significant increase in the interest in utilizing natural fibers as reinforcing materials. Biocomposites are materials that are made of biodegradable polymers (matrix) and biodegradable supplements. Biodegradable substances are easily degraded by the living organisms in the environment. Partially biodegradable biocomposites have thermoplastic or thermoset polymers as a matrix.
Top Key Players Covered in The Biocomposites Market
A B Composites Pvt. Ltd. (India), Advanced Environmental Recycling Technologies Inc. (the US), Alpas Srl (Italy), Alstone (India), Solar Impulse Foundation (Switzerland), Anhui Huiyun Wood Plastic Composite Co. Ltd. (China), Bcomp Ltd. (Switzerland), Fiberon (US), FlexForm Technologies (US), Green Bay Decking LLC (US), Huangshan Huasu New Material Science & Technology Co.Ltd. (China), Jelu-Werk Josef Ehrler GmbH & Co. KG (Germany), Lingrove LLC. (US), MCG BioComposites LLC. (US), Meshlin Composites Zrt (Hungary), Nanjing Jufeng Advanced Materials Co.Ltd. (China), Nanjing Xuhua Sundi New Building Materials Co.Ltd (China), NewTechWood America Inc. (the US), Polyvlies- Franz Beyer – GmbH (Germany), Saige Longlife Decking Ltd. (UK), Trifilon AB (Sweden) and others major players
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The report summarizes all the information collected and serves the customer’s requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others. This will help us understand the market potential. The research report includes quantitative data that helps us fully understand the industry and future market scope.
For the Purpose Of This Report, Reports And Data Has Segmented The Global Biocomposites Market On The Basis Of Type, By Source, By Product, And Region:
- Wood Fiber
- Non-Wood Fiber
By Process Type
- Compression Molding
- Injection Molding
- Resin Transfer Molding
- Synthetic Polymer
- Natural Polymer
By End Use
- Consumer Goods
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- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Biocomposites Market
The outbreak of COVID-19 resulted in the closure of all the non-essential industry segments such as the automotive, construction, packaging & transport, and electronics. To constrain the spread of the virus lockdown was imposed by governments, which resulted in the shortage of raw material required for the production of biocomposites. The restrictions on transportation disrupted the supply chains creating a lack of finished goods in the market.
Report Includes Competitor’s Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures and Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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