According to the recent study the global bio-composites market is projected to reach an estimated $7 billion by 2030 from $6 billion in 2023 at a CAGR of 2% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.
Browse 121 figures/charts
and 118 tables in this 212-page report to understand trends, opportunities and
forecast in global bio-composites market by end use (building and construction,
automotive, industrial and consumer goods, and others), process (extrusion,
compression molding, injection molding, and others), resin (polyethylene,
polypropylene, polyvinyl chloride, polylactide acid and others), fiber (wood
flour, flax, kenaf, hemp, jute and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
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bio-composites
market.
Lucintel forecasts that
building and construction will remain the largest segment over the forecast
period due to increasing demand for moisture resistance, low maintenance,
non-toxic, and durable products.
Polyethylene resin
bio-composites will remain the largest resin type over the forecast period due
to durability, near-zero moisture absorption, excellent chemical inertness, and
ease of processing.
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to increasing demand for WPC decking, fencing, and railing in the
building and construction industries of China, India, and Japan
FlexForm Technologies,
Tecnaro GmbH, Trex Company Inc., Azek Building Products, Procotex Corporation
SA, Fiberon LLC, GreenGran BV, FiberGran GmbH & Co. KG, Universal Forest
Products, Inc., Tamko Building Products, Advanced Environmental Recycling Tech.
are the major suppliers in the bio-composites
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
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unmet needs analysis. We are based in
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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