Biocomposites Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Biocomposites Market: By Fiber Type (Wood Fiber Composites, Non-wood Fiber Composites), By Polymer Type (Natural Polymer Composites, Synthetic Polymer Composites), By Product (Hybrid Biocomposites, Green Biocomposites), By End User (Building & Construction, Transportation, Consumer Goods, Others)and Geography

 

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Report

Description

Biocomposites Market size is valued at USD 22,303.8 Million in 2021 and is expected to grow at a significant CAGR of 14.4% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented By Fiber Type, Polymer Type, Product, and End User. By fiber, the biocomposites market has been segmented into Wood Fiber Composites and Non-wood Fiber Composites. The wood fiber composites segment is likely to be the largest and fastest-growing segment in terms of fiber type. Based on polymer type, biocomposites market is segmented into Natural Polymer Composites, Synthetic Polymer Composites.  Among these, the natural polymer composites segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Product, the biocomposites market is segmented into Hybrid Biocomposites, Green Biocomposites. The Hybrid biocomposites segment accounts for the largest share in 2021. Green Biocomposites is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Building & Construction, Transportation, Consumer Goods, and Others. The building & construction segment is expected to dominate other segments in the Biocomposites market. The Transportation segment is expected to witness the highest CAGR during the forecast period according to precision business insights.

Key Development:

In December 2021, Decorators, Inc., a subsidiary of Universal Forest Products, Inc., acquired Ultra Aluminum Manufacturing Inc. It is one of the prominent producers of Aluminum railing, fencing, and gates.

 

Biocomposites Market

MARKET SUMMARY
-
14.4%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 14.4%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Biocomposites Market

  • The biocomposites market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The biocomposites market report gives historical, current, and future market sizes (US$ Mn) based on fiber type, polymer type, product, end user and geography.
Key Players
  • Arkema
  • Mitsubishi Plastics, Inc.
  • Huntsman Corporation
  • UFP Industries, Inc.
  • Trex Company, Inc.
Biocomposites Market Drivers

The biocomposites market is growing due to the rise in demand from building & construction, transportation, consumer goods, and other end-use industries across the globe.


Asia-Pacific Got Significant Share

Biocomposites Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The biocomposites market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The biocomposites market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The biocomposites market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The biocomposites market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The biocomposites market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Biocomposites Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The biocomposites market is projected to expand at a CAGR of 14.4% during the forecast period.

The major players in the biocomposites market are Arkema, Mitsubishi Plastics, Inc., Huntsman Corporation, UFP Industries, Inc., Trex Company, Inc., NPSP BV, Tecnaro GMBH, Newtechwood, Green Bay Decking, FlexForm Technologies, Advanced Environmental Recycling Technologies, Inc.

Asia Pacific is the fastest-growing region for biocomposites market


Report

Table Of Content

1. Executive Summary
2. Global Biocomposites Market Introduction
2.1. Global Biocomposites Market – Taxonomy
2.2. Global Biocomposites Market –Definitions
2.2.1. By Fiber Type
2.2.2. By Polymer Type
2.2.3. By Product
2.2.4. By End User
2.2.5. By Region
3. Global Biocomposites Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Biocomposites Market Dynamic Factors – Impact Analysis
3.6. Global Biocomposites Market – Competition Landscape
4. Global Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Biocomposites Market, By Fiber Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Wood Fiber Composites
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Non-wood Fiber Composites
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Biocomposites Market, By Polymer Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Natural Polymer Composites
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Synthetic Polymer Composites
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Biocomposites Market, By Product, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Hybrid Biocomposites
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Green Biocomposites
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Biocomposites Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Building & Construction
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Transportation
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Consumer Goods
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Others
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Biocomposites Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Biocomposites Market – Opportunity Analysis Index, By Fiber Type, By Polymer Type, By Biocomposites, By End User, and Region, 2022-2028
10. North America Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Fiber Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Wood Fiber Composites
10.1.2. Non-wood Fiber Composites
10.2. Polymer Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Natural Polymer Composites
10.2.2. Synthetic Polymer Composites
10.3. Product Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hybrid Biocomposites
10.3.2. Green Biocomposites
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Building & Construction
10.4.2. Transportation
10.4.3. Consumer Goods
10.4.4. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Biocomposites Market – Opportunity Analysis Index, By Fiber Type, By Polymer Type, By Product, By End User, and Country, 2022-2028
10.7. North America Biocomposites Market Dynamics – Trends
11. Europe Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Fiber Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Wood Fiber Composites
11.1.2. Non-wood Fiber Composites
11.2. Polymer Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Natural Polymer Composites
11.2.2. Synthetic Polymer Composites
11.3. Product Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hybrid Biocomposites
11.3.2. Green Biocomposites
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Building & Construction
11.4.2. Transportation
11.4.3. Consumer Goods
11.4.4. Others
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Biocomposites Market – Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2022-2028
11.7. Europe Biocomposites Market Dynamics – Trends
12. Asia-Pacific Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Fiber Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Wood Fiber Composites
12.1.2. Non-wood Fiber Composites
12.2. Polymer Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Natural Polymer Composites
12.2.2. Synthetic Polymer Composites
12.3. Product Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hybrid Biocomposites
12.3.2. Green Biocomposites
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Building & Construction
12.4.2. Transportation
12.4.3. Consumer Goods
12.4.4. Others
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Biocomposites Market – Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2022-2028
12.7. Asia-Pacific Biocomposites Market Dynamics – Trends
13. Latin America Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Fiber Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Wood Fiber Composites
13.1.2. Non-wood Fiber Composites
13.2. Polymer Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Natural Polymer Composites
13.2.2. Synthetic Polymer Composites
13.3. Product Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hybrid Biocomposites
13.3.2. Green Biocomposites
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Building & Construction
13.4.2. Transportation
13.4.3. Consumer Goods
13.4.4. Others
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Biocomposites Market – Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2022-2028
13.7. Latin America Biocomposites Market Dynamics – Trends
14. Middle East and Africa Biocomposites Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Fiber Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Wood Fiber Composites
14.1.2. Non-wood Fiber Composites
14.2. Polymer Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Natural Polymer Composites
14.2.2. Synthetic Polymer Composites
14.3. Product Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Hybrid Biocomposites
14.3.2. Green Biocomposites
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Building & Construction
14.4.2. Transportation
14.4.3. Consumer Goods
14.4.4. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf CoEnd User Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Biocomposites Market – Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2022-2028
14.7. MEA Biocomposites Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Fiber Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Arkema
15.2.2. Mitsubishi Plastics, Inc.
15.2.3. Huntsman Corporation
15.2.4. UFP Industries, Inc.
15.2.5. Trex Company, Inc.
15.2.6. NPSP BV
15.2.7. Tecnaro GMBH
15.2.8. Newtechwood
15.2.9. Green Bay Decking
15.2.10. FlexForm Technologies
15.2.11. Advanced Environmental Recycling Technologies, Inc.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  •  Arkema
  • Mitsubishi Plastics, Inc.
  • Huntsman Corporation
  • UFP Industries, Inc.
  • Trex Company, Inc.
  • NPSP BV
  • Tecnaro GMBH
  • Newtechwood
  • Green Bay Decking
  • FlexForm Technologies
  • Advanced Environmental Recycling Technologies, Inc.

Description

Biocomposites Market size is valued at USD 22,303.8 Million in 2021 and is expected to grow at a significant CAGR of 14.4% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented By Fiber Type, Polymer Type, Product, and End User. By fiber, the biocomposites market has been segmented into Wood Fiber Composites and Non-wood Fiber Composites. The wood fiber composites segment is likely to be the largest and fastest-growing segment in terms of fiber type. Based on polymer type, biocomposites market is segmented into Natural Polymer Composites, Synthetic Polymer Composites.  Among these, the natural polymer composites segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Product, the biocomposites market is segmented into Hybrid Biocomposites, Green Biocomposites. The Hybrid biocomposites segment accounts for the largest share in 2021. Green Biocomposites is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Building & Construction, Transportation, Consumer Goods, and Others. The building & construction segment is expected to dominate other segments in the Biocomposites market. The Transportation segment is expected to witness the highest CAGR during the forecast period according to precision business insights.

Key Development:

In December 2021, Decorators, Inc., a subsidiary of Universal Forest Products, Inc., acquired Ultra Aluminum Manufacturing Inc. It is one of the prominent producers of Aluminum railing, fencing, and gates.

 

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