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Biocomposites Market

Biocomposites Market Analysis by Fiber Type (Wood Fiber Composites and Non-wood Fiber Composites), Polymer Type (Natural Polymer Composites and Synthetic Polymer Composites), Product (Hybrid Biocomposites and Green Biocomposites) & Region - Forecast to 2022-2032

Market Insights on Biocomposites covering sales outlook, demand forecast & up-to-date key trends

Biocomposites Market Outlook

[302 Pages Report] During the assessment period, the global biocomposites market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032.

“The usage of biocomposite products in the automobile industry may assist in decrease vehicle weight and injuries to passengers in accidents, surging the demand in the electrical and consumer durables sectors.”

According to the EU Commission, European automotive manufacturers use 80,000 tonnes of plant and wood fibers to strengthen biocomposite products instead of other synthetic fibers every year. The European Union (EU) has also stressed the need to adopt biocomposites products that are recyclable and biodegradable elements for car interior components.

During the projected period, this would increase the usage of biocomposite products in the transportation end-use industry. These laws are projected to boost demand for biocomposite products in the transportation, building and construction, electrical and electronics, and other end-use industries.

Attributes

Details

Biocomposites Market CAGR (2022 – 2032)

16%

Biocomposites Market (2021)

US$ 21 Bn

Biocomposites Market Attraction

Technical improvements in biocomposite plastic are driving the biocomposites product-market expansion.

What is the Impact of COVID-19 on the Biocomposites Market?

The biocomposite material market was hit hard during the COVID-19 pandemic because of a drop in construction and building activities around the world. As biofibres & biocomposites are mostly used for establishing physical structures, the unavailability of construction workers during lockdown following the outbreak of Covid-19 had a major impact on its consumption.

Furthermore, the manufacturers of biocomposite materials also experienced production constraints due to the unavailability of sufficient raw materials from its far-off diverse sources. The limitations on transportation facilities proved to be the major hurdle for the suppliers of natural fibers located in remote areas.

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What are the Key Drivers in the Biocomposites Market?

"Rising disposable income in developing nations like China and India, as well as an understanding of biocomposites' benefits, are likely to boost demand."

Developed nations, such as Germany, the United States, and Japan, emphasize the usage of biocomposite plastic rather than petroleum-based ones. The European Union (EU) has favored the usage of biocomposite plastic over the governments of the United States and Japan. The Japanese government has set a goal of replacing 25% of plastic usage with renewable goods by 2030.

It requires the use of biocomposite material, encourages the recyclability of vehicle components, and holds carmakers accountable for disposal at the end of the vehicle's service life. However, the criteria for car manufacturers in North America are not as strict as they are in other markets across the world.

What are the Constraints of the Global Market on Biocomposites?

Compared to synthetic fibers such as glass and carbon fiber, natural fiber biocomposite plastic has limited fiber-matrix interfacial bonding, resulting in poor mechanical performance and relatively low strength. Hydrophilic and polar, all plant-based biocomposite plastic fibers.

Natural fibers are made up of hydrophilic hemicellulose and pectins (absorb water). However, manufacturers are struggling with thermoplastics and thermosets biocomposite plastic because of polymers. In addition, there are compatibility concerns between the fiber and the matrix for producers. On the other hand, mechanical strength may be improved by chemically pre-treating the fiber.

Natural fibers, unlike synthetic fibers, are thermally unstable, and at around 392°F, thermal breakdown begins, which is not supported by some production procedures. In addition, poor fiber separation and dispersion are some of the limitations of biocomposites producers in their widespread application.

What are the Key Trends and Opportunities in the Biocomposites Market?

The energy required to biocomposites producers is significantly less than that necessary to manufacture glass fiber composites and carbon fiber composites. However, biocomposites reinforced with natural fibers are more expensive than glass fiber composites.

Price reductions are possible as a result of economies of scale and common applications. These biocomposites producers manufacture at a low cost in developing nations like India and China using plentiful raw resources such as flax, jute, Kenaf, and malai biocomposite.

This will assist in minimizing the total cost of biocomposite products made from natural fibers. Furthermore, as the technology improves and production reaches economies of scale, these biocomposite products are likely to become less expensive in the long run.

How are Certain Challenges Impeding the Biocomposites Market Growth?

Mechanical performance improvement is a major challenge for the building and construction end-use industry; however, different natural fibers have different properties, such as strength, stiffness, fiber length, and cross-sectional area, depending on the types of biocomposites, area of production, and weather conditions under which they are grown

Chemical coupling agents are used to modifying the matrices by biocomposites producers. Fibers are changed to eliminate undesired fiber elements, roughen the fiber surface, separate individual fibers from a bundle of fibers, or diminish the fiber's hydrophilic nature.

However, the biggest problem is maintaining consistency in the production process because biocomposites products are largely dependent on the quantity and quality of natural fibers acquired.

Comparative View of Adjacent Biocomposites Market

Biocomposites Market:

Attributes

Biocomposites Market

CAGR (2022 - 2032)

16%

Market Value (2026)

US$ 51 Bn

Growth Factor

Demand for biocomposite from consumer product industry to sustain growth momentum.

Opportunity

Favorable policies around the use of biocomposites to offer opportunities.

Key Trends

Reduction in price of biocomposites to induce conducive environment.

Composites Resin Market:

Attributes

Composites Resin Market

CAGR (2022 - 2032)

6%

Market Value (2026)

US$ 27 Bn

Growth Factor

Growing demand from the construction industry to drive adoption.

Opportunity

Investments towards thermoplastic composite to improve market growth.

Key Trends

Opportunities in abundance as players are focusing on unsaturated polyester resin.

Composites Market:

Attributes

Composites Market

CAGR (2022 - 2032)

8%

Market Value (2026)

US$ 127 Bn

Growth Factor

Adoption in wind energy, automotive & transportation, and aerospace and defense industries to garner high sales.

Opportunity

Investments in lightweight and high-performance solutions to generate high value for market players.

Key Trends

Government stimulus and rising demand in emerging countries to offer growth opportunities.

A prominent trend driving the worldwide Biocomposites market share is the increasing use of natural fibers as a biodegradable reinforcing material and a substitute for carbon fibers, glass fibers, and inorganic fillers. Natural fiber-based Biocomposites will continue to gain popularity in automotive, aerospace, and other industrial applications because of their non-corrosive qualities, high specific strength, and low prices, among other things.

Emerging developments in the composite materials market, such as Nanotechnology, Out-of-Autoclave (OOA) Curing, and others, are projected to boost market expansion. In addition, the demand for composites is increasing as technology advances in areas like aircraft, automobiles, construction, and other similar industries.

During the projected period, the global soft magnetic composites market is likely to benefit from increased demand for energy generators, transformers, and automotive parts. In addition, the need for power and vehicles is increasing as the world population grows. This is expected to drive the global soft magnetic composite market. In contrast, the worldwide soft magnetic composite market is expected to be hampered by machine price volatility.

The worldwide wood-plastic composites market is driven by a significant quantity of non-utilized plastic and wood wastes, increased demand from building and construction applications, and stringent rules on chemical usage in building materials.

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Which are the Key Segments in the Biocomposites Market?

Broadly, the structural biocomposite segment contributes more than 50% of the total sales volume of the biocomposite market against the non-structural category.

What are the Different Types of Fibers Reported in the Biocomposites Market Study?

Based on different types of fibers used to make biocomposite materials, the market is categorized into wood fiber composites and non-wood fiber composites. Non-wood fibers are preferred for low-cost reinforcement bio composite groups.
At the same time, some wood-based composites have the property to be recycled and reused by consumers.Hemp biocomposite is an excellent example of such a type having huge potential for market growth in the future.

Which is the Key Polymer Type in the Biocomposites Market?

Irrespective of greater stress on using natural materials to produce biocomposite materials, synthetic polymer-based biocomposites dominated the market in terms of volume by 2020. These synthetic polymers, such as PE, PP, ABS, PET, epoxy, and PC, have the advantage over natural polymers because of their dimensional stability and better resistance against impacts.

The market for natural fiber composites (NFC) is expected to grow faster than Synthetic polymer composites during the forecast period.

Which is the Leading Product Type in the Biocomposites Market?

The hybrid composites product segment is equally valued like green composites by the consumers. Several end-users of biocomposite materials prefer PP polymers combined with natural fibers for their perfect balance of desirable qualities.

Green composites require better research and development in terms of reliability and durability to completely replace the biocomposite plastics that are still widely available in the market.

How can the Changing Dynamics of Various End Users of Biocomposite Products Affect the Market?

By the low cost of the biocomposite materials building & construction segment, the different end users of the biocomposite products accounted for the largest share. Therefore, it is expected to continue its position for some more years ahead.

But with the adoption of environment-friendly technologies for other manufactured goods, transportation and consumer goods have also emerged as major market end-users in recent years.

The growing requirement of lightweight materials to be used by aerospace industries and, to an extent, in automotive industries has increased the demand for biocomposites reinforced with natural fibers.

Which are the Leading Regions in the Biocomposites Market?

The regional areas, including emerging economies, are prominent for construction and building activities. At such a stage, their commitment to using more sustainable methods for development has positioned these regions, particularly the Asia Pacific, as the largest biocomposite market in the world.

Asia Pacific regions have the advantage of the easy and cheap availability of natural fires owing to the large-scale agricultural byproducts available from the farmers. As a result, countries of the Asia Pacific such as China, India, Japan, and South Korea, together with other nations, accounted for 35% of the revenue share of the global market back in 2017.

Moreover, government regulations in the Asia Pacific countries to encourage start-ups dealing with eco-friendly materials attract more foreign direct investment (FDI) from western countries. At the same time, the market size of biocomposite materials is comparatively low in Europe and North America regions.

Major players are shifting their manufacturing units to Asia Pacific Regions, given greater revenues. However, given the international concern for the development of more sustainable technologies in every other area of goods and services, the market analysis for the biocomposites market is hopeful for a successful business in North America and Europe in coming years.

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Who are the Key Players in the Biocomposites Market?

The market analysis for the Biocomposite market covers the company profiles of some of the leading key players, namely Trex Company (US), Fiberon LLC (US), FlexForm Technologies (US), Universal Forest Products, Inc. (US), Nanjing Jufeng Advanced Materials Co., Ltd. (China), Meshlin Composites ZRT (Hungary) and Tecnaro GmbH of Germany.

Major players are increasingly investing in developing new biocomposites that can be used in various other processes. They are mostly targeting small-scale domestic business activities, such as biocomposite packaging, to increase the sale of biocomposite materials and decrease production costs.

Recent Developments in the Biocomposites Market:

  • A special type of Wildwood composite cladding of high durability and efficient performance abilities was developed in March 2021 by Fiberon LLC.
  • An advanced biocomposite product for the management of bone and soft tissue infections was developed in July 2021 by a company named Biocomposites group Inc. It got approval for mixing antibiotics such as vancomycin, gentamicin, and tobramycin in its products.
  • In Feb 2019, Universal Forest Products Inc. acquired operating assets of Wolverina Bood Products Inc. of Grand Rapids.
  • Celanese Corporation invested heavily in developing recycling solutions in November 2021 in collaboration with Mitsubishi Chemical Advanced Materials. The solution is designed to maintain high performance, product quality, and long-term consistency.

Key Segments

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-use Industry:

  • Building & Construction
  • Transportation
  • Consumer Goods
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

The biocomposites market is expected to increase at a strong robust of 16% CAGR during the projected period.

By 2021, the global biocomposites products market is expected to be worth US$ 25 Billion.

By 2032, the biocomposites industry is anticipated to be worth roughly US$ 128 Billion.

The Asia Pacific region will dominate the biocomposites market.

By 2026, the biocomposites market is expected to be worth approximately US$ 51 Bn.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage 

    2.2. Market Definition 

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Biocomposites

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Biocomposites Market, by Key Countries

    4.2. Biocomposites Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Biocomposites Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Biocomposites Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Biocomposites Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Biocomposites Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032, By Fiber Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Fiber Type, 2015-2021

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Fiber Type, 2022-2032

        8.3.1. Wood Fiber Composites

        8.3.2. Non-wood Fiber Composites

    8.4. Market Attractiveness Analysis By Fiber Type

9. Global Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032, By Polymer Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Polymer Type, 2015-2021

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Polymer Type, 2022-2032

        9.3.1. Natural Polymer Composites

        9.3.2. Synthetic Polymer Composites

    9.4. Market Attractiveness Analysis By Polymer Type

10. Global Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032, By Product

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) Analysis By Product, 2015-2021

    10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product, 2022-2032

        10.3.1. Hybrid Biocomposites

        10.3.2. Green Biocomposites

    10.4. Market Attractiveness Analysis By Product

11. Global Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032, By End-Use Industries

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) Analysis By End-Use Industries, 2015-2021

    11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-Use Industries, 2022-2032

        11.3.1. Building & Construction

        11.3.2. Transportation

        11.3.3. Consumer Goods

        11.3.4. Others

    11.4. Market Attractiveness Analysis By End-Use Industries

12. Global Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021

    12.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. Asia Pacific 

        12.3.5. Middle East and Africa (MEA)

    12.4. Market Attractiveness Analysis By Region

13. North America Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        13.4.1. By Country

            13.4.1.1. U.S.

            13.4.1.2. Canada

            13.4.1.3. Rest of North America

        13.4.2. By Fiber Type

        13.4.3. By Polymer Type

        13.4.4. By End-Use Industries

        13.4.5. By Product

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Fiber Type

        13.5.3. By Polymer Type

        13.5.4. By End-Use Industries

        13.5.5. By Product

14. Latin America Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Fiber Type

        14.4.3. By Polymer Type

        14.4.4. By End-Use Industries

        14.4.5. By Product

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Fiber Type

        14.5.3. By Polymer Type

        14.5.4. By End-Use Industries

        14.5.5. By Product

15. Europe Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. France

            15.4.1.3. U.K.

            15.4.1.4. Italy

            15.4.1.5. Benelux

            15.4.1.6. Nordic Countries

            15.4.1.7. Rest of Europe

        15.4.2. By Fiber Type

        15.4.3. By Polymer Type

        15.4.4. By End-Use Industries

        15.4.5. By Product

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Fiber Type

        15.5.3. By Polymer Type

        15.5.4. By End-Use Industries

        15.5.5. By Product

16. Asia Pacific Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

            16.4.1.4. Rest of Asia Pacific

        16.4.2. By Fiber Type

        16.4.3. By Polymer Type

        16.4.4. By End-Use Industries

        16.4.5. By Product

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Fiber Type

        16.5.3. By Polymer Type

        16.5.4. By End-Use Industries

        16.5.5. By Product

17. Middle East and Africa Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. South Africa

            17.4.1.3. Turkey

            17.4.1.4. Rest of Middle East and Africa

        17.4.2. By Fiber Type

        17.4.3. By Polymer Type

        17.4.4. By End-Use Industries

        17.4.5. By Product

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Fiber Type

        17.5.3. By Polymer Type

        17.5.4. By End-Use Industries

        17.5.5. By Product

18. Key Countries Biocomposites Market Analysis 2015-2021 and Forecast 2022-2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. US Biocomposites Market Analysis

        18.2.1. Value Proportion Analysis by Market Taxonomy

        18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.2.2.1. By Fiber Type

            18.2.2.2. By Polymer Type

            18.2.2.3. By End-Use Industries

            18.2.2.4. By Product

    18.3. Canada Biocomposites Market Analysis

        18.3.1. Value Proportion Analysis by Market Taxonomy

        18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.3.2.1. By Fiber Type

            18.3.2.2. By Polymer Type

            18.3.2.3. By End-Use Industries

            18.3.2.4. By Product

    18.4. Mexico Biocomposites Market Analysis

        18.4.1. Value Proportion Analysis by Market Taxonomy

        18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.4.2.1. By Fiber Type

            18.4.2.2. By Polymer Type

            18.4.2.3. By End-Use Industries

            18.4.2.4. By Product

    18.5. Brazil Biocomposites Market Analysis

        18.5.1. Value Proportion Analysis by Market Taxonomy

        18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.5.2.1. By Fiber Type

            18.5.2.2. By Polymer Type

            18.5.2.3. By End-Use Industries

            18.5.2.4. By Product

    18.6. Germany Biocomposites Market Analysis

        18.6.1. Value Proportion Analysis by Market Taxonomy

        18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.6.2.1. By Fiber Type

            18.6.2.2. By Polymer Type

            18.6.2.3. By End-Use Industries

            18.6.2.4. By Product

    18.7. France Biocomposites Market Analysis

        18.7.1. Value Proportion Analysis by Market Taxonomy

        18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.7.2.1. By Fiber Type

            18.7.2.2. By Polymer Type

            18.7.2.3. By End-Use Industries

            18.7.2.4. By Product

    18.8. Italy Biocomposites Market Analysis

        18.8.1. Value Proportion Analysis by Market Taxonomy

        18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.8.2.1. By Fiber Type

            18.8.2.2. By Polymer Type

            18.8.2.3. By End-Use Industries

            18.8.2.4. By Product

    18.9. BENELUX Biocomposites Market Analysis

        18.9.1. Value Proportion Analysis by Market Taxonomy

        18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.9.2.1. By Fiber Type

            18.9.2.2. By Polymer Type

            18.9.2.3. By End-Use Industries

            18.9.2.4. By Product

    18.10. UK Biocomposites Market Analysis

        18.10.1. Value Proportion Analysis by Market Taxonomy

        18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.10.2.1. By Fiber Type

            18.10.2.2. By Polymer Type

            18.10.2.3. By End-Use Industries

            18.10.2.4. By Product

    18.11. Nordic Countries Biocomposites Market Analysis

        18.11.1. Value Proportion Analysis by Market Taxonomy

        18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.11.2.1. By Fiber Type

            18.11.2.2. By Polymer Type

            18.11.2.3. By End-Use Industries

            18.11.2.4. By Product

    18.12. China Biocomposites Market Analysis

        18.12.1. Value Proportion Analysis by Market Taxonomy

        18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.12.2.1. By Fiber Type

            18.12.2.2. By Polymer Type

            18.12.2.3. By End-Use Industries

            18.12.2.4. By Product

    18.13. Japan Biocomposites Market Analysis

        18.13.1. Value Proportion Analysis by Market Taxonomy

        18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.13.2.1. By Fiber Type

            18.13.2.2. By Polymer Type

            18.13.2.3. By End-Use Industries

            18.13.2.4. By Product

    18.14. South Korea Biocomposites Market Analysis

        18.14.1. Value Proportion Analysis by Market Taxonomy

        18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.14.2.1. By Fiber Type

            18.14.2.2. By Polymer Type

            18.14.2.3. By End-Use Industries

            18.14.2.4. By Product

    18.15. GCC Countries Biocomposites Market Analysis

        18.15.1. Value Proportion Analysis by Market Taxonomy

        18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.15.2.1. By Fiber Type

            18.15.2.2. By Polymer Type

            18.15.2.3. By End-Use Industries

            18.15.2.4. By Product

    18.16. South Africa Biocomposites Market Analysis

        18.16.1. Value Proportion Analysis by Market Taxonomy

        18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.16.2.1. By Fiber Type

            18.16.2.2. By Polymer Type

            18.16.2.3. By End-Use Industries

            18.16.2.4. By Product

    18.17. Turkey Biocomposites Market Analysis

        18.17.1. Value Proportion Analysis by Market Taxonomy

        18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

            18.17.2.1. By Fiber Type

            18.17.2.2. By Polymer Type

            18.17.2.3. By End-Use Industries

            18.17.2.4. By Product

        18.17.3. Competition Landscape and Player Concentration in the Country

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies 

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Product footprint by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive 

        20.3.1. UPM (Finland)

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Sales Footprint

            20.3.1.4. Strategy Overview

        20.3.2. Trex Company (US)

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Sales Footprint

            20.3.2.4. Strategy Overview

        20.3.3. Fiberon LLC (US)

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Sales Footprint

            20.3.3.4. Strategy Overview

        20.3.4. FlexForm Technologies (US)

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Sales Footprint

            20.3.4.4. Strategy Overview

        20.3.5. Universal Forest Products, Inc. (US)

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Sales Footprint

            20.3.5.4. Strategy Overview

        20.3.6. Nanjing Jufeng Advanced Materials Co., Ltd (China)

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Sales Footprint

            20.3.6.4. Strategy Overview

        20.3.7. Meshlin Composites ZRT (Hungary)

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Sales Footprint

            20.3.7.4. Strategy Overview

        20.3.8. Tecnaro GmbH (Germany)

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Sales Footprint

            20.3.8.4. Strategy Overview

21. Assumptions and Acronyms Used

22. Research Methodology

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List of Tables

Table 1: Global Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 2: Global Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 3: Global Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 4: Global Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 5: Global Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 6: Global Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 7: Global Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 8: Global Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 9: Global Biocomposites Market, By Region, 2015 – 2021

Table 10: Global Biocomposites Market, By Region, 2022 – 2032

Table 11: North America Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 12: North America Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 13: North America Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 14: North America Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 15: North America Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 16: North America Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 17: North America Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 18: North America Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 19: North America Biocomposites Market, By Country, 2015 – 2021

Table 20: North America Biocomposites Market, By Country, 2022 – 2032

Table 21: Latin America Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 22: Latin America Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 23: Latin America Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 24: Latin America Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 25: Latin America Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 26: Latin America Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 27: Latin America Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 28: Latin America Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 29: Latin America Biocomposites Market, By Country, 2015 – 2021

Table 30: Latin America Biocomposites Market, By Country, 2022 – 2032

Table 31: Europe Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 32: Europe Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 33: Europe Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 34: Europe Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 35: Europe Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 36: Europe Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 37: Europe Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 38: Europe Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 39: Europe Biocomposites Market, By Country, 2015 – 2021

Table 40: Europe Biocomposites Market, By Country, 2022 – 2032

Table 41: Asia Pacific Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 42: Asia Pacific Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 43: Asia Pacific Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 44: Asia Pacific Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 45: Asia Pacific Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 46: Asia Pacific Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 47: Asia Pacific Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 48: Asia Pacific Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 49: Asia Pacific Biocomposites Market, By Country, 2015 – 2021

Table 50: Asia Pacific Biocomposites Market, By Country, 2022 – 2032

Table 51: MEA Biocomposites Market Value (US$ Mn),By Fiber Type, 2015 – 2021

Table 52: MEA Biocomposites Market Value (US$ Mn),By Fiber Type, 2022 – 2032

Table 53: MEA Biocomposites Market Value (US$ Mn), By Polymer Type, 2015 – 2021

Table 54: MEA Biocomposites Market Value (US$ Mn), By Polymer Type, 2022 – 2032

Table 55: MEA Biocomposites Market Value (US$ Mn), By Product, 2015 – 2021

Table 56: MEA Biocomposites Market Value (US$ Mn), By Product, 2022 – 2032

Table 57: MEA Biocomposites Market Value (US$ Mn), By End-Use Industries, 2015 – 2021

Table 58: MEA Biocomposites Market Value (US$ Mn), By End-Use Industries, 2022 – 2032

Table 59: MEA Biocomposites Market, By Country, 2015 – 2021

Table 60: MEA Biocomposites Market, By Country, 2022 – 2032

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List of Charts

Figure 1: Global Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 2: Global Biocomposites Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 3: Global Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 4: Global Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 5: Global Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 6: Global Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 7: Global Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 8: Global Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 9: Global Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 10: Global Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 11: Global Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 12: Global Biocomposites Market Share, By Product, 2022 & 2032

Figure 13: Global Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 14: Global Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 15: Global Biocomposites Market Share, By Region, 2022 & 2032

Figure 16: Global Biocomposites Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 17: Global Biocomposites Market Attractiveness Index, By Region – 2022-2032

Figure 18: North America Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 19: North America Biocomposites Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 20: North America Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 21: North America Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 22: North America Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 23: North America Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 24: North America Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 25: North America Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 26: North America Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 27: North America Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 28: North America Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 29: North America Biocomposites Market Share, By Product, 2022 & 2032

Figure 30: North America Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 31: North America Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 32: North America Biocomposites Market Share, By Country, 2022 & 2032

Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 34: North America Market Attractiveness Index, By Country – 2022-2032

Figure 35: Latin America Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 36: Latin America Biocomposites Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 37: Latin America Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 38: Latin America Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 39: Latin America Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 40: Latin America Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 41: Latin America Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 42: Latin America Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 43: Latin America Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 44: Latin America Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 45: Latin America Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 46: Latin America Biocomposites Market Share, By Product, 2022 & 2032

Figure 47: Latin America Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 48: Latin America Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 49: Latin America Biocomposites Market Share, By Country, 2022 & 2032

Figure 50: Latin America Biocomposites Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 51: Latin America Biocomposites Market Attractiveness Index, By Country – 2022-2032

Figure 52: Europe Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 53: Europe Biocomposites Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 54: Europe Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 55: Europe Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 56: Europe Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 57: Europe Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 58: Europe Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 59: Europe Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 60: Europe Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 61: Europe Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 62: Europe Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 63: Europe Biocomposites Market Share, By Product, 2022 & 2032

Figure 64: Europe Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 65: Europe Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 66: Europe Biocomposites Market Share, By Country, 2022 & 2032

Figure 67: Europe Biocomposites Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 68: Europe Biocomposites Market Attractiveness Index, By Country – 2022-2032

Figure 69: MEA Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 70: MEA Biocomposites Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 71: MEA Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 72: MEA Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 73: MEA Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 74: MEA Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 75: MEA Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 76: MEA Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 77: MEA Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 78: MEA Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 79: MEA Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 80: MEA Biocomposites Market Share, By Product, 2022 & 2032

Figure 81: MEA Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 82: MEA Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 83: MEA Biocomposites Market Share, By Country, 2022 & 2032

Figure 84: MEA Biocomposites Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 85: MEA Biocomposites Market Attractiveness Index, By Country – 2022-2032

Figure 86: Asia Pacific Biocomposites Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 87: Asia Pacific Biocomposites Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 88: Asia Pacific Biocomposites Market Share, By Fiber Type, 2022 & 2032

Figure 89: Asia Pacific Biocomposites Market Y-o-Y Growth Projections, By Fiber Type – 2022-2032

Figure 90: Asia Pacific Biocomposites Market Attractiveness Index, By Fiber Type – 2022-2032

Figure 91: Asia Pacific Biocomposites Market Share, By Polymer Type, 2022 & 2032

Figure 92: Asia Pacific Biocomposites Market Y-o-Y Growth Projections, By Polymer Type – 2022-2032

Figure 93: Asia Pacific Biocomposites Market Attractiveness Index, By Polymer Type – 2022-2032

Figure 94: Asia Pacific Biocomposites Market Share, By End-Use Industries, 2022 & 2032

Figure 95: Asia Pacific Biocomposites Market Y-o-Y Growth Projections, By End-Use Industries – 2022-2032

Figure 96: Asia Pacific Biocomposites Market Attractiveness Index, By End-Use Industries – 2022-2032

Figure 97: Asia Pacific Biocomposites Market Share, By Product, 2022 & 2032

Figure 98: Asia Pacific Biocomposites Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 99: Asia Pacific Biocomposites Market Attractiveness Index, By Product – 2022-2032

Figure 100: Asia Pacific Biocomposites Market Share, By Country, 2022 & 2032

Figure 101: Asia Pacific Biocomposites Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 102: Asia Pacific Biocomposites Market Attractiveness Index, By Country – 2022-2032

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