Biocomposites Market based on Fiber Type, Polymer type, Product, End-User, and Region – Global Forecast up to 2030

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The development of biocomposites is fueled by crucial elements such increased consumer awareness of environmentally friendly products and governmental initiatives to replace plastics with biodegradable substitutes. Germany, the U.S., and Japan, developed nations, place a strong emphasis on ecologically friendly goods. Over the U.S. and Japan, the E.U. preferred such product lines.

The requirements for automakers in North America are less stringent than those from other markets across the world. To reduce the energy use and carbon emission levels associated with single-use plastics, the U.S. Department of Energy (DOE) declared in January 2022 that it will invest USD 13.4 Mn in next-generation plastic materials technology.

Furthermore, by the year 30, the Japanese government wants to replace twenty-five per cent of plastic consumption with renewable resources. The European automotive industry uses eighty thousand tonnes of fibres yearly to strengthen composite items rather than substitute synthetic fibres, according to the EU Commission. The use of recyclable and biodegradable materials for automotive interior components has also been emphasised by the EU. These rules are projected to raise demand for manufacturers of bio-polymers and other end-use products.

Research Methodology:

We use the most exhaustive and iterative research approach, with a primary focus on offering the most precise market projections and research data material to help you develop unmatched business acumen. For both qualitative market assessments and market segmentation, the organisation primarily uses top-down and bottom-up methodologies. We take pride in our knowledge of how to effectively use data triangulation to examine the market from the three main angles of primary data mining, specialised statistical model and framework, and primary source data validation. The important success variables in the market study are also market share analysis and key trend analysis. The primary participants share is given below:

market research report

Biocomposites Market based on Fiber Type:

Wood Fiber Composites
Non-wood Fiber Composites
Others

Biocomposites Market based on Polymer Type:

Natural Polymer Composites
Synthetic Polymer Composites

Biocomposites Market based on Product:

Hybrid Biocomposites
Green Biocomposites

Biocomposites Market based on End use industries:

Building & Construction
Transportation
Consumer Goods
Others

Biocomposites Market based on Geography:

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

Compared to biocomposites, the production of carbon or glass fibres requires a disproportionately large quantity of energy. Compared to glass fibres or carbon fibres, biocomposites are more expensive on the market. Due to economies of scale and a rise in the use of biocomposites in common applications, the prices of the biocomposites may decrease in the upcoming years.

The wood fibre market is anticipated to have a greater market share in the next years due to the increased demand for this type of fibre in outdoor construction projects. They are mainly employed in the building of decks and railings. Along with the utilisation of wood fibres, the non-wood fibre market is anticipated to expand significantly in the upcoming year. This kind of fibre is a substitute for plastic fibres, and in the upcoming years, the packaging industry is anticipated to see an increase in demand for non-wood fibres.

In the upcoming years, the segment for natural polymers is predicted to increase strongly. Many customers in numerous industries are demanding natural polymers as the use of biodegradable products has increased. Natural polymers used in consumer goods in the automotive sector include rubber, wool cellulose, and silk. The synthetic polymers that are now in use, such as polyethylene, polyester, and nylon, are being replaced by organic or natural alternatives, and it is anticipated that demand for natural polymers will increase over the coming years.

The green biocomposite sector is anticipated to rule the market in the upcoming years based on product. With the greatest market share in terms of revenue in the past, this category has dominated the market and will keep expanding over the course of the projection. Since it doesn’t hurt the environment, the demand for this kind of product is predicted to increase in the upcoming years. The demand for these commodities has increased in most of the industrialised nations of the world, including Europe and North America.

The entirely biodegradability of green biocomposites is one of the elements that will propel market expansion in the ensuing years. Due to their increased strength and lightweight design, hybrid variations are projected to see increased demand. However, because of their partial biodegradability, these items are not fully biodegradable.

The transportation industry is anticipated to hold the greatest market share for biocomposites’ final users in the years to come. The use of biocomposites is anticipated to increase in the upcoming years since they are employed in the production of various types of trucks and autos. The interior panels are similarly made using biocomposites. As they assist in lightening the load on the vehicle and increase efficiency, the use of these materials is anticipated to increase in the upcoming years. Utilising biocomposites can also significantly lower the cost of building the car.

Geographically speaking, the Asia Pacific region is anticipated to have the greatest market share in the next years, and this will be the case due to population growth. The market for biocomposite materials is anticipated to increase in the Asia Pacific area along with the expected rise in per capita disposable income. The majority of the population in developing nations like China and India is middle class, and there is a high demand for both affordable housing and automobiles. During the projected period, the demand for inexpensive housing and automobiles in nations like China and India would contribute to the growth of the bio composites market.

The North American and European markets each have a large number of market participants who have contributed significantly to the market’s expansion in recent years and will continue to do so. The government has taken positive steps in several areas that boost the use of recyclable and biodegradable products. Lightweight biocomposites are increasingly being used in the automobile industry as they help to boost vehicle efficiency.

This report illustrates the most vital attributes of the Biocomposites Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Biocomposites Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Biocomposites Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Biocomposites Market.

Additional information

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Fiber TYPE: Market Size & Analysis
- Overview
- Wood Fiber Composites
- Non-wood Fiber Composites
- Others
Polymer type: Market Size & Analysis
- Overview
- Natural POLYMER TYPE Composites
- Synthetic POLYMER TYPE Composites
Product: Market Size & Analysis
- Overview
- Hybrid Biocomposites
- Green Biocomposites
End use industries: Market Size & Analysis
- Overview
- Building & Construction
- Transportation
- Consumer Goods
- Others

Geography: Market Size & Analysis
- Overview
- North America (U.S., Mexico, Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- Latin America (Brazil, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution

Vendor Profiles
- Bast Fibers LLC
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Fiberon LLC
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- FlexForm Technologies
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Huntsman Corporation
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Meshlin Composites ZRT
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Mitsubishi Plastics, Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Nanjing Jufeng Advanced Materials Co. Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Procotex
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Fiberon LLC.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Tecnaro GmbH
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 2. BIOCOMPOSITES MARKET VALUE FOR WOOD FIBER COMPOSITES, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 3. BIOCOMPOSITES MARKET VALUE FOR NON-WOOD FIBER COMPOSITES, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 4. BIOCOMPOSITES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 5. BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 6. BIOCOMPOSITES MARKET VALUE FOR NATURAL POLYMER TYPE COMPOSITE, 2021-2030 (USD BILLION)

TABLE 7. BIOCOMPOSITES MARKET VALUE FOR SYNTHETIC POLYMER TYPE COMPOSITES, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 8. BIOCOMPOSITES MARKET VALUE, BY PRODUCT, 2021-2030 (USD BILLION)

TABLE 9. BIOCOMPOSITES MARKET VALUE FOR HYBRID BIOCOMPOSITE, 2021-2030 (USD BILLION)

TABLE 10. BIOCOMPOSITES MARKET VALUE FOR GREEN BIOCOMPOSITES, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 11. BIOCOMPOSITES MARKET VALUE, BY END-USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 12. BIOCOMPOSITES MARKET VALUE FOR BUILDING AND CONSTRUCTION, 2021-2030 (USD BILLION)

TABLE 13. BIOCOMPOSITES MARKET VALUE FOR TRANSPORTATION, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 14. BIOCOMPOSITES MARKET VALUE FOR CONSUMER GOODS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 15. BIOCOMPOSITES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 16. NORTH AMERICA BIOCOMPOSITES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 17. NORTH AMERICA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 18. NORTH AMERICA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 19. NORTH AMERICA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 20. U.S BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 21. U.S BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 22. U.S BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 23. CANADA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 24. CANADA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 25. CANADA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 26. MEXICO BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 27. MEXICO BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 28. MEXICO BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 29. EUROPE BIOCOMPOSITES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 30. EUROPE BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 31. EUROPE BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 32. EUROPE BIOCOMPOSITES MARKET VALUE, END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 33. GERMANY BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 34. GERMANY BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 35. GERMANY BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 36. U.K BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 37. U.K BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 38. U.K BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 39. FRANCE BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 40. FRANCE BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 41. FRANCE BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 42. ITALY BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 43. ITALY BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 44. ITALY BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 45. SPAIN BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 46. SPAIN BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 47. SPAIN BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 48. ROE BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 49. ROE BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 50. ROE BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 51. ASIA PACIFIC BIOCOMPOSITES MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 52. ASIA PACIFIC BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 53. ASIA PACIFIC BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 54. ASIA PACIFIC BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 55. CHINA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 56. CHINA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 57. CHINA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 58. INDIA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 59. INDIA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 60. INDIA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 61. JAPAN BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 62. JAPAN BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 63. JAPAN BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 64. REST OF APAC BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 65. REST OF APAC BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 66. REST OF APAC BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 67. LATIN AMERICA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 68. LATIN AMERICA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 69. LATIN AMERICA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 70. BRAZIL BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 71. BRAZIL BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 72. BRAZIL BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 73. ARGENTINA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 74. ARGENTINA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 75. ARGENTINA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 76. MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 77. MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 78. MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 79. SAUDI ARABIA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 80. SAUDI ARABIA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 81. SAUDI ARABIA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 82. UAE BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 83. UAE BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 84. UAE BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 85. REST OF MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY FIBER TYPE, 2021-2030 (USD BILLION)

TABLE 86. REST OF MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY POLYMER TYPE, 2021-2030 (USD BILLION)

TABLE 87. REST OF MIDDLE EAST AND AFRICA BIOCOMPOSITES MARKET VALUE, BY END USE INDUSTRIES, 2021-2030 (USD BILLION)

TABLE 88. BAST FIBERS LLC: FINANCIALS

TABLE 89. BAST FIBERS LLC: PRODUCTS & SERVICES

TABLE 90. BAST FIBERS LLC: RECENT DEVELOPMENTS

TABLE 91. FIBERON LLC: FINANCIALS

TABLE 92. FIBERON LLC: PRODUCTS & SERVICES

TABLE 93. FIBERON LLC: RECENT DEVELOPMENTS

TABLE 94. FLEXFORM TECHNOLOGIES: FINANCIALS

TABLE 95. FLEXFORM TECHNOLOGIES: PRODUCTS & SERVICES

TABLE 96. FLEXFORM TECHNOLOGIES: RECENT DEVELOPMENTS

TABLE 97. HUNTSMAN CORPORATION: FINANCIALS

TABLE 98. HUNTSMAN CORPORATION: PRODUCTS & SERVICES

TABLE 99. HUNTSMAN CORPORATION: RECENT DEVELOPMENTS

TABLE 100. MESHLIN COMPOSITES ZRT: FINANCIALS

TABLE 101. MESHLIN COMPOSITES ZRT: PRODUCTS & SERVICES

TABLE 102. MESHLIN COMPOSITES ZRT: RECENT DEVELOPMENTS

TABLE 103. MITSUBISHI PLASTICS, INC.: FINANCIALS

TABLE 104. MITSUBISHI PLASTICS, INC.: PRODUCTS & SERVICES

TABLE 105. MITSUBISHI PLASTICS, INC.: RECENT DEVELOPMENTS

TABLE 106. NANJING JUFENG ADVANCED MATERIALS CO. LTD.: FINANCIALS

TABLE 107. NANJING JUFENG ADVANCED MATERIALS CO. LTD.: PRODUCTS & SERVICES

TABLE 108. NANJING JUFENG ADVANCED MATERIALS CO. LTD.: RECENT DEVELOPMENTS

TABLE 109. PROCOTEX : FINANCIALS

TABLE 110. PROCOTEX : PRODUCTS & SERVICES

TABLE 111. PROCOTEX : RECENT DEVELOPMENTS

TABLE 112. FIBERON LLC.: FINANCIALS

TABLE 113. FIBERON LLC.: PRODUCTS & SERVICES

TABLE 114. FIBERON LLC.: RECENT DEVELOPMENTS

TABLE 115. TECNARO GMBH: FINANCIALS

TABLE 116. TECNARO GMBH: PRODUCTS & SERVICES

TABLE 117. TECNARO GMBH: RECENT DEVELOPMENTS