Biocomposite Market
Added: (Fri Apr 05 2019)
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Biocomposite Market size is estimated to reach at a CAGR of about 12% during a forecast period of 2017-2026.
Government regulations regarding the use of environmentally friendly Fiber s and the safety & recycling, easy assesibility of the natural polymer fiber nessesary for manufacturing biocomposites, changing consumer preference from plastic composites to ecofriendly biocomposites is expected to stimulate market growth over the forecast period. is one of the factors driving the biocomposites market. Biocomposite market is gaining importance due to plastic ban in many region.
Based on Fiber type Biocomposite market can be segmented into wood fiber and non-wood fiber. Amoung these wood fiber is popular one due its advantages like low cost , biodegradable, moisture resistant, easy available, good binding property, low maintainence and long shelf life. Wood fiber composites are mainly used in the form of decking, railings, fences, balusters and many more. Non-wood fiber types are being used as a substitute to plastic in many applications such as packaging.
Natural Polymer and synthetic are the segments in biocomposites market in terms of Wood Fiber used. Natural Polymer polymers is being popularily employed due to rising demand for biodegradable Fibers by consumers across. natural polymer polymers such as wool, silk, rubber, cellulose, and proteins are used in a number of applications including automotive and consumer Fibers. Synthetic polymers include nylon, polyester, and polyethylene. Demand for artificial and synthetic materials are rapidly being substituted by Natural Polymer due to its advantage and environment friendly nature and will continue its growth in forecast period.
In terms of the application, the global biocomposites market can be classified into segments such as automotive, building and construction, Electrical and Electronics and consumer goods. Building and construction is a leading end use segment and will continue its growth throughout forecast period. Biocomposites in the automotive sector is likely to help in decreasing the overall weight of a vehicle and also reduce instances of injuries to passengers in cases of accidents.
Regional segmentation of biocomposite market is into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Asia Pacific constitute largest share in biocomposite market. Asia Pacific also raise up as the regional market projecting highest CAGR for the biocomposites market. Industrialization is a key factor for Asia Pacific Market growth. North America has remarkable share in the biocomposites market due to the presence of biocomposites manufacturers in this region. Also, Middle East and Africa, and Latin America are also developing regions and expected to mark growth during the forecast period.
CG BioComposites, LLC, Anhui Guofeng Wood Plastic Composite Co., Ltd. , A.B.COMPOSITES PVT.LTD. , Green Dot Holding LLC , Yixing Hualong New Material Lumber Co., Ltd. , Advanced Environmental Recycling Technologies, Inc., Bcomp Ltd., Nanjing Xuha Sundi New Building Materials Co.,Ltd., TTS. , and Lingrove, are some of the ketplayer in the biocomposite market.
Biocomposite Market By Plastic Type:
• Synthetic
• Natural
Biocomposite Market By Fiber Type:
• Wood Fiber
• Non-Wood Fiber
Biocomposite Market By End-Use:
• Automotive
• Building & Construction
• Electrical and Electronics
• Consumer Goods
Biocomposite Market By Region:
• Asia Pacific
• Europe
• North AmericaS
• Middle East & Africa
• Latin America
Key Players Analysed in the Report:
• CG BioComposites
• Anhui Guofeng Wood Plastic Composite Co., Ltd.
• A.B.COMPOSITES PVT.LTD. (India), Green Dot Holding LLC
• Yixing Hualong New Material Lumber Co., Ltd.
• Advanced Environmental Recycling Technologies, Inc.
• Bcomp Ltd.
• Nanjing Xuha Sundi New Building Materials Co.,Ltd.
• TTS
• Lingrove
• FlexForm Technologies
• Tecnaro GmbH
• Trex Company, Inc.
• Fiberon LLC
• Meshlin Composites ZRT
• UPM
• Jelu-Werk J. Ehrler GmbH & Co. KG
• Green Bay Decking
• Universal Forest Fiber
• FlexForm Technologie
• JELU-WERK J. Ehrler GmbH & Co. KG
• Tecnaro Gmbh
• Newtechwood, Fiberon
• Meshlin Composites ZRT
• Al.P.A.S. Srl,
• Nanjing Jufeng Advanced Materials Co., Ltd.
This Report Is Submitted By This @Maximize Market Research Company
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