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Biocomposites Market Share, Size, Trends, Industry Analysis Report Forecast, 2023 – 2030

Biocomposites Market

Global Biocomposites Market was valued at USD 27.54 Billion in 2021 and is expected to reach USD 68.07 Billion by the year 2028, at a CAGR of 13.8%.the analysis period will 2023-2030

Biocomposites are defined as degradable, renewable, non-abrasive, and non-toxic, with properties comparable to those of synthetic fiber composites. It is used in various fields with numerous applications. They are biocompatible and ecological composites. Biocomposites involve a wide variety of organic and inorganic components, including natural and synthetic polymers, sugars, polysaccharides, proteins, metals, ceramics, and nanocarbon. Biocomposites exist in numerous forms, such as films, membranes, beads, coatings, particles, fibers, and foams.

Growing consumer awareness of the importance of using bio-based products instead of environmentally hazardous, non-recyclable synthetic materials is driving the growth of the biocomposites market. The Global Biocomposites Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play an important role in the market

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Leading Key Players Covered Biocomposites Market

A B Composites Pvt. Ltd. (India), Advanced Environmental Recycling Technologies Inc. (the US), Alpas Srl (Italy), Alstone (India), Solar Impulse Foundation (Switzerland), Anhui Huiyun Wood Plastic Composite Co. Ltd. (China), Bcomp Ltd. (Switzerland), Fiberon (US), FlexForm Technologies (US), Green Bay Decking LLC (US), Huangshan Huasu New Material Science & Technology Co.Ltd. (China), Jelu-Werk Josef Ehrler GmbH & Co. KG (Germany), Lingrove LLC. (US), MCG BioComposites LLC. (US) Meshlin Composites Zrt (Hungary), Nanjing Jufeng Advanced Materials Co.Ltd. (China), Nanjing Xuhua Sundi New Building Materials Co.Ltd (China), NewTechWood America Inc. (the US), Polyvlies- Franz Beyer – GmbH (Germany), Saige Longlife Decking Ltd. (UK), Trifilon AB (Sweden) and others major players

Key Attributes:

Report AttributeDetails
No. of Pages210
Forecast Period2022 – 2030
Estimated Market Value (USD) in 2022USD 27.54 Billion
Forecasted Market Value (USD) by 2028USD 68.07 Billion
Compound Annual Growth Rate13.8%
Regions CoveredGlobal

Segmentation of Biocomposites Market:

By Type

  • Wood Fiber
  • Non-Wood Fiber

By Process Type

  • Compression Molding
  • Injection Molding
  • Resin Transfer Molding
  • Others

By Polymer    

  • Synthetic Polymer
  • Natural Polymer

By End Use  

  • Construction
  • Automotive
  • Consumer Goods
  • Others

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Geographic Segment Covered in the Report :

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

Recent Industry Developments In Biocomposites Market

In January 2021, CAKE, a Swedish company launched the newest version of their award-winning bike- the Kalk AP. This new bike is solar-powered and is designed for wildlife activists in Southern Africa to prevent poaching in this region. Kalk AP is a lightweight vehicle that has been manufactured by utilizing biocomposites parts provided by Trifilon AB.

In October 2021, Lanxess, a German company, has introduced a new entirely biocomposites material in its Tepex line of continuous fiber-reinforced thermoplastic composites, to reduce its dependency on fossil fuels in its manufacturing processes. The material constitutes natural flax fibers and bio-based polylactic acid, which works as a matrix and can be mass-produced.

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