Biocomposites Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The global biocomposites market is expected to grow by 10% per annum, from $22.3 billion in 2019 to $511.2 billion in 2027. The industry is growing people’s awareness of environmentally friendly products, biodegradable and environmentally friendly alternative plastics are the main market growth trend. Biocomposites are one of the key materials used in the automotive industry because they provide weight reduction, anti-damping and shock absorption properties. Growing demand for lightweight vehicles and growing demand for electric vehicles around the world are expected to further strengthen the global biocomposite market during the forecast period.

Huntsman Corporation, Mitsubishi Plastics, Inc., Fiberon LLC, FlexForm Technologies, LLC, Universal Forest Products Inc., Bioworks, Inc., Stemergy, Procotex, Fiberon LLC, ALPAS Srl, NewTechWood, Green Bay Decking, Arkema, Procotex, Tecnaro GmbH, and Bast Fibers LLC, among others are leading players involved on the global Biocomposites market.

Biocomposites Market: Segmentation

On the Basis of Fiber-

• Wood Fiber Composites
• Non-wood Fiber Composites

On the Basis of Polymer-

• Synthetic Polymer
• Natural Polymer

On the Basis of Product-

• Hybrid Biocomposites
• Green Biocomposites

On the Basis of End-Use Industry-

• Building & Construction
• Transportation
• Consumer Goods
• Others

Key Questions Answered by Biocomposites Market Report

• What was the Biocomposites Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Biocomposites Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Biocomposites Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume