Albany, NY — 03/13/2018 — Biocomposites refer to the composite materials that are formed by the reinforcement of natural fibers and a matrix. The matrix is formed by polymers that have been extracted from renewable and nonrenewable resources such as coir, flax, wood, hemp, and kenaf.
The market has also gained pace owing to the easy availability of the natural fiber required for the production of biocomposites. While factors such as the comparatively lower strength of biocomposites when synthetic fiber composites are considered and the unstable cost, unavailability, and quality of raw materials are likely to hamper the growth prospects of the market, the increased investment on research and development activities in the market are expected to help companies overcome some of these challenges.
According to the report, the global biocomposites market is expected to exhibit a promising 9.46% CAGR over the period between 2017 and 2025.
Global Biocomposites Market: Overview
This report analyzes and forecasts the market for biocomposites at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Tons) from 2017 to 2025. The study includes drivers and restraints of the global biocomposites market. It also covers the impact of these drivers and restraints on demand for biocomposites during the forecast period. The report also highlights opportunities in the biocomposites market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global biocomposites market. Porter's Five Forces model for the biocomposites market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
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Global Biocomposites Market: Scope of the Report
The study provides a decisive view of the global biocomposites market by segmenting it in terms of type, and application. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for biocomposites in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual type, and applications in all the regions.
The report provides the estimated market size of biocomposites for 2016 and forecast for the next eight years. The global market size of biocomposites has been provided in terms of revenue and volume. Market numbers have been estimated based on material type, product type and application segments of biocomposites market. Market size and forecast for each major type and application have been provided in terms of global and regional markets.
Global Biocomposites Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, type, and applications across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team's expertise and market understanding.
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Global Biocomposites Market: Competitive Landscape
The study includes profiles of major companies operating in the global biocomposites market. Key players in the biocomposites market include key players in the global biocomposites market include UPM, Green Bay Decking LLC, FlexForm Technologies, Tecnaro GmbH, JELU-WERK J. Ehrler GmbH & Co. KG, Universal Forest Products, Inc., Fiberon, LLC, Meshlin Composites ZRT, Al.P.A.S. Srl, Huangshan Huasu New Material Science & Technology Co., Ltd., Newtechwood, Nanjing Jufeng Advanced Materials Co., Ltd among others. LLC, Novamont SpA, Danimer Scientific, Total Corbion, Galatea Bio Tech, among others. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, and recent developments.
The report segments the global biocomposites market as follows:
Biocomposites Market: Material Type Analysis
Biocomposites Market: Product Type Analysis
Wood Plastic Composites (WPC)
Natural Fiber Composites (NFC)
Biocomposites Market: Application Analysis
Electronics & Electricals
Biocomposites Market: Regional Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa (MEA)
Rest of MEA
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