Biocomposites Market report for 2025 – Companies, applications, products and more
Biocomposites market segment
by fiber type covers wood fiber composites and non-wood fiber composites.
Non-wood or natural fibers are more popular in the industry due to their
superior physical and mechanical properties. These are fairly long fibers, and
possess high cellulose content, which delivers a significant degree of
cellulose crystallinity and enhanced tensile strength. On the other hand, wood
fiber composites have more than 60% of its mass as wood elements, and are
moisture and mildew resistant. This enhances its shelf life and facilitates its
application in the building & construction sector.
Based on product,
biocomposites are classified into green composites and hybrid composites. Green
composites possess sustainable and degradable properties and they can be easily
disposed without harming the environment. Demand for these materials is high in
developed regions such as North America and Europe. On the other hand, hybrid
composites are composed of different types of fibers into a single matrix and
the durability of the product depends on the individual fiber strength.
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Global Biocomposites Market
size is mainly driven by increasing demand from automotive industry, where the
product is employed to reduce the weight of vehicles without compromising on
performance, quality and safety. Biocomposites can also be used in combination
with standard materials, such as carbon and glass fibers, which results in a
higher tensile strength and stiffness. This improves the product performance
and minimizes the environmental impacts. In addition, rising awareness among
consumers regarding eco-friendly materials and government resolutions to
substitute plastics with environmentally favorable materials are major trends
responsible for biocomposites market growth.
A biocomposite is a material
composed of a biopolymer matrix and natural fiber reinforcements. The matrix
phase constitutes of polymers that are derived from bio-based resources and it
protects the fibers from mechanical damage and environmental degradation.
Furthermore, one of the
principal components of this product is biofiber, that is derived from flax,
cotton, corn, wastepaper, hemp, recycled wood, etc. Biocomposites are widely
acceptable in a number of industrial applications such as aerospace,
automobiles, construction, railway coach, military & defense, electronics
and packaging owing to superior properties such as recyclability, renewability
and biodegradability.
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The end-use areas of
biocomposites include transportation, building & construction, consumer
goods, electrical and electronics, and other sectors such as aerospace, marine
etc. Biocomposite products are employed in automobiles for fabricating
nonstructural components such as interior panels. Biocomposites also have
extended applicability in outdoor constructions such as decking and railings
which will boost the product demand in near future.
North America region will witness
significant growth rate owing to growing demand for technologically advanced
consumer electronics and automobile production in the U.S. The regional
government have undertaken several initiatives related to infrastructural
projects across residential, non-residential and commercial sectors, which is
expected to propel the demand for biocomposites in near future.
Europe is another substantial
market in the global biocomposite market. The European Union’s ban on
non-recyclable plastics is expected to drive the market in the region, whereas
technological advancements and availability of raw material in the region is
projected to benefit this market.
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Global biocomposite market is
moderately competitive owing to the presence of various industry players at
global as well as local levels. There is a high initial fixed cost to setup
manufacturing facility, and companies are vying to achieve economy of scale. Several
key players in this industry are FlexForm Technologies, Fiberon, Tecnaro, UPM,
Meshlin Composites, Trex Company, Universal Forest Products, MCG BioComposites,
Jelu-Werk J. Ehrler GmbH, Alpas SRL etc.
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Biocomposites Market report for 2025 – Companies, applications, products and more
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July 19, 2019
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