Lucintel's latest market report analyzed that bio-composites provides attractive opportunities in building and construction, automotive, industrial and consumer goods industries. The bio-composites market is expected to reach $7.0 billion by 2025 with a CAGR of 4.4%. In this market, building and construction is the largest segment by end use industry, whereas polyethylene is largest by resin type. The emergence of new applications and government support to innovate and commercialize the use of bio-based composites provides strategic growth path in this market.
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Based on end use industry, the bio-composites market is segmented into building
and construction, automotive, industrial and consumer goods. The building and
construction segment accounted for the largest share of the market in 2020 and
is expected to register the highest CAGR during the forecast period, due to
increasing demand for moisture resistance, low maintenance, non-toxic, and
durable products are the major requirements driving growth for this segment
over the forecast period.
Browse in-depth TOC on “Bio-Composites Market”
128 – Tables
138 – Figures
212 – Pages
The bio-composites market is marked by the presence of several big and small players. Some of the prominent players offering bio-composites include Trex, Azek Building Products, Fiberon LLC, AERT, UFP, Tamko Building Products, FlexForm Technologies, Technaro GmbH, Procotex Corporation, GreenGran BV, and FiberGran GmbH.
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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 click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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