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Biocomposites Market Size Outlook (2022 to 2032)

The global biocomposites market size reached over US$ 25 Billion in 2021 and is expected to grow at an incredible CAGR of 16% during the forecast period between 2022 and 2032, reaching around US$ 128 Billion by the end of 2032. Growth in the market is attributed to rising demand for eco-friendly materials worldwide and rapid expansion of end-use industries, such as automotive and building & construction.

Data Points Market Insights
Biocomposites Market Value 2021 USD 25 Billion
Biocomposites Market Value 2032 USD 128 Billion
Biocomposites Market Forecast CAGR 2022 to 2032 16.0%
Key Players Fiberon LLC (USA), FlexForm Technologies (USA), Trex Company (USA), Universal Forest Products, Inc. (USA), Meshlin Composites ZRT (Hungary), and Tecnaro GmbH of Germany, Nanjing Jufeng Advanced Materials Co., Ltd. (China)

The continuous search for innovative lightweight materials for a wide range of applications across the construction, aerospace, and automotive industries has paved the way for the development of biocomposites.

Biocomposites are unique composite materials formed by combining natural fibers in a matrix material. These materials have started gaining immense traction across various end-use industries on account of their various attractive features such as biodegradable nature, better thermal stability, lightweight, low cost, etc.

Rising environmental concerns supported by the increasing need for lowering emission levels are expected to provide a strong thrust to the growth of the biocomposites market during the forecast period.

Consequently, factors such as the rising penetration of wood plastic composites across developing regions, expansion of the soft magnetic composites market, and implementation of stringent regulations on the use of petroleum-based products will drive growth in the biocomposites market in the future.

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Sales Analysis Of Biocomposites From 2015 to 2021 Vs Market Outlook For 2022 to 2032

According to Future Market Insights, the global demand for biocomposites is projected to increase at a prolific CAGR of 16% during the forecast period between 2022 and 2032.

Robust growth of end-use industries such as automotive and construction, growing environmental concerns, continuous product launches, rising awareness among end users regarding the benefits of biocomposites, and rapid expansion of the global natural fiber composites market are some of the major factors augmenting the demand for biocomposites.

Over the years, biocomposites have become ideal alternatives to conventional materials due to their eco-friendly and lightweight features. These materials find application across diverse end-use verticals including transportation, consumer goods, and building & construction.

The rising need for reducing vehicle weight to improve its efficiency is prompting manufacturers to incorporate lightweight materials like biocomposites in their vehicles. Thus, the rapid production of vehicles globally will eventually expand the biocomposites market size during the forecast period.

Similarly, the growing adoption of biocomposites in the building and construction industry coupled with favorable government initiatives is expected to boost the sales of biocomposites during the forthcoming years. Several organizations like the European Union are encouraging industries to adopt biocomposite products that are recyclable and biodegradable.

Various developed and developing nations, such as Germany, the United States, Japan, and China emphasize the usage of biocomposite plastic rather than petroleum-based ones due to their less environmental impacts.

FMI’s latest biocomposites market forecast predicts demand for natural fiber-based biocomposites to rise at a stupendous pace across these regions due to their non-corrosive qualities, high specific strength, and low prices, among other things.

Which Factors Are Challenging The Growth Of The Global Biocomposites Market?

Some of the major factors challenging the growth of the biocomposites market include increasing usage of alternative composite materials across emerging economies and poor fiber-matrix adhesion.

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Country-Wise Insights

What is the Demand Outlook for Soft Magnetic Composites in the USA?

Booming Construction and Building Industry Augmenting the Growth of the USA Biocomposites Market

FMI’s latest biocomposites market forecast predicts the USA to emerge as a highly lucrative market for biocomposites during the forecast period, owing to the rapid expansion of automotive and building & construction industries, growing inclination towards using eco-friendly products, and heavy presence of leading biocomposites manufacturers.

Over the years, economic boom and rapid urbanization have triggered the growth of end-use industries like automotive, building & construction, consumer goods, etc., thereby creating sales prospects for biocomposites. According to the USA Census Bureau, construction spending in the USA during April 2022 was estimated at US$ 1,744.8 billion.

Similarly, growing demand for lightweight materials in the automotive industry, advancements in plastic composites, and the composites resin market will further expand the biocomposites market size across the USA during the forecast period.

Why is China Emerging as a Lucrative Market for Biocomposites?

Rising Demand for Lightweight and Ecofriendly Materials in the Automotive Industry Boosting the Sales of Biocomposites Across China

China forms a significant share of the Asia Pacific biocomposites market and is expected to grow at a stupendous pace during the forecast period between 2022 and 2032. Growth in the market is driven by the rapid expansion of end-use industries, increasing environmental concerns, favorable government support, and the availability of raw materials at lower costs.

The blooming automotive industry across China is emerging as a major factor in fueling the demand for biocomposites. According to the International Trade Administration (ITA), domestic vehicle production in China is expected to reach 35 million vehicles by 2025.

Leading vehicle manufacturers based in China are continuously focusing on reducing the overall weight of vehicles to make them more efficient and eco-friendly. As a result, they are incorporating materials like biocomposites in their vehicles.

Government regulations to encourage the adoption of eco-friendly materials such as natural polymer composites will further boost the biocomposites market growth in China.

Category-Wise Insights

Which is the Most Preferred Fiber Type in Biocomposites Market?

Demand for Non-Wood Composites to Continue Rising Throughout the Forecast Period

Based on fiber type, the global biocomposites market is categorized into wood fiber composites and non-wood fiber composites. Among these, the non-wood fiber composites segment dominates the biocomposites market, owing to the increasing usage of non-wood composites by end users due to their low cost, good mechanical properties, eco-friendliness, and biodegradability, besides other efficient properties.

Which is the Leading Polymer Type in the Biocomposites Market?

Sales of Natural Fiber Composites to Rise Exponentially During the Assessment Period

Based on polymer type, the biocomposites market is segmented into natural polymer composites and synthetic polymer composites. As per FMI, the synthetic polymer composites segment dominated the biocomposites market in 2021, owing to their various advantages over natural ones.

Synthetic polymers such as polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), etc. have better dimensional stability and are highly resistant to physical impacts, which makes them ideal polymer types.

However, the natural fiber composites segment on the other hand is expected to grow at a faster pace during the forecast period, owing to the increasing environmental awareness and various attractive benefits offered by natural fiber composites.

Which is the Leading End-Use Industry for Biocomposites?

Majority of Biocomposites Sales to Remain Concentrated in Building & Construction Industry

As per FMI, the building & construction segment will continue to dominate the global biocomposites market, owing to the rapid adoption of biocomposites for various building applications.

However, with growing demand for lightweight and ecofriendly materials, sales of biocomposites are likely to increase at a significant pace in the transportation and consumer goods industries during the forecast period.

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Competitive Landscape

Leading biocomposites manufacturers are rigorously investing in research and development for introducing new biocomposites with efficient properties. They are targeting small-scale domestic businesses like biocomposite packaging to increase their sales. Besides this, they have adopted various organic and inorganic strategies such as mergers, partnerships, acquisitions, and collaborations to dominate the Biocomposites market.

For instance:

  • In October 2021, Lanxess launched a new fully biocomposite material in its Tepex range of continuous-fiber-reinforced thermoplastic composites. The material combines natural flax fibers with bio-based polylactic acid.

FMI’s latest analysis provides a detailed biocomposites market forecast. It uses both primary and secondary research methodologies to identify new opportunities for the development of the global biocomposites market.

The report offers information about key market dynamics including revenue growth drivers, market restraints, and emerging opportunities. Besides this, it examines the latest biocomposites market trends and their influence on regional and domestic markets.

FMI also attempts to highlight the impact of the booming automotive composites market on the overall demand for biocomposites. It explains how the growing popularity of biocomposites in the automotive industry will expand the global biocomposites market size.

Information about top biocomposites manufacturers along with their respective growth strategies has been discussed in detail. The report is intended to enlighten customers with a comprehensive analysis of the global biocomposites market.

The Biocomposites Market Analysis Includes

  • A 10-year realistic sales forecast for biocomposites across various end-use verticals.
  • Information on demand forecasting and sales prospects across 25 countries
  • Recent developments in the biocomposites market
  • Details about various types of biocomposites and their popularity among end-use industries
  • Top biocomposites manufacturers and their growth strategies
  • Market segmentation and insights into leading regional markets and product segments
  • Information about the latest biocomposites market trends
  • Pricing analysis
  • The winning imperatives in the biocomposites market

Scope Of Report

Attribute Details
Projected CAGR (2022 to 2032) 16%
Estimated Market Size (2032) 128 Billion
Forecast Period 2022 to 2032
Historic Data Available for 2015 to 2021
Market Analysis USD Million for Value
Report Coverage Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives
Key Segments Covered
  • Fiber Type
  • Polymer Type
  • Product
  • End-Use Industry
  • Region
Key regions covered North America
  • USA
  • Canada
  • Rest of North America
Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
Western Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Western Europe
Eastern Europe
  • Russia
  • Spain
  • Rest of Eastern Europe
South Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • South Korea
  • Rest of South Asia & Pacific
Middle East & Africa
  • GCC Countries
  • Turkey
  • Israel
  • Rest of the Middle East and Africa(MEA)
Rest of the World
  • Oceania
  • Africa
  • South America
End-Use Industry
  • Building & Construction
  • Transportation
  • Consumer Goods
  • Others
Key companies profiled Fiberon LLC (USA), FlexForm Technologies (USA), Trex Company (USA), Universal Forest Products, Inc. (USA), Meshlin Composites ZRT (Hungary), and Tecnaro GmbH of Germany, Nanjing Jufeng Advanced Materials Co., Ltd. (China)
Customization & pricing Available upon request

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

What was the size of biocomposites market in 2021?

The global biocomposite market size reached US$ 25 Billion in 2021.

What is the demand outlook for the biocomposites market?

As per FMI, the global biocomposites market is likely to expand at a prolific CAGR of 16% during the forecast period.

What is the projected valuation for biuocomposites market?

The biocomposites market is anticipated to reach a valuation of US$ 128 Billion in 2032.

Which is the most lucrative region for region for biocomposites market?

Asia Pacific is expected to dominate the biocomposites market during the forecast period.

Table of Content

1. Executive Summary | Biocomposites Market

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI 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$ Million)

        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. Market, by Key Countries

    4.2. Market Opportunity Assessment (US$ Million)

        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. 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. 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 Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032

    6.1. Historical Market Analysis, 2015 to 2021

    6.2. Current and Future Market Projections, 2022 to 2032

    6.3. Y-o-Y Growth Trend Analysis

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

    7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

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

    8.1. Introduction / Key Findings

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

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

        8.3.1. Wood Fiber Composites

        8.3.2. Non-wood Fiber Composites

    8.4. Market Attractiveness Analysis By Fiber Type

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

    9.1. Introduction / Key Findings

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

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

        9.3.1. Natural Polymer Composites

        9.3.2. Synthetic Polymer Composites

    9.4. Market Attractiveness Analysis By Polymer Type

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

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) Analysis By Product, 2015 to 2021

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

        10.3.1. Hybrid Biocomposites

        10.3.2. Green Biocomposites

    10.4. Market Attractiveness Analysis By Product

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

    11.1. Introduction / Key Findings

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

    11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-Use Industries, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021

    12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Pricing Analysis

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

    13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        13.4.1. By Country

            13.4.1.1. USA

            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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

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

    14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

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

    15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. France

            15.4.1.3. United Kingdom

            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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

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

    16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

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

    17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. USA Market Analysis

        18.2.1. Value Proportion Analysis by Market Taxonomy

        18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.3.1. Value Proportion Analysis by Market Taxonomy

        18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.4.1. Value Proportion Analysis by Market Taxonomy

        18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.5.1. Value Proportion Analysis by Market Taxonomy

        18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.6.1. Value Proportion Analysis by Market Taxonomy

        18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.7.1. Value Proportion Analysis by Market Taxonomy

        18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.8.1. Value Proportion Analysis by Market Taxonomy

        18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.9.1. Value Proportion Analysis by Market Taxonomy

        18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.10.1. Value Proportion Analysis by Market Taxonomy

        18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.11.1. Value Proportion Analysis by Market Taxonomy

        18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.12.1. Value Proportion Analysis by Market Taxonomy

        18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.13.1. Value Proportion Analysis by Market Taxonomy

        18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.14.1. Value Proportion Analysis by Market Taxonomy

        18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.15.1. Value Proportion Analysis by Market Taxonomy

        18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.16.1. Value Proportion Analysis by Market Taxonomy

        18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Analysis

        18.17.1. Value Proportion Analysis by Market Taxonomy

        18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 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 (USA)

            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 (USA)

            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 (USA)

            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. (USA)

            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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