According to the recent study the bio-composites market is projected to reach an estimated $7.0 billion by 2030 from $5.8 billion in 2023, at a CAGR of 2.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of natural fiber composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.
Browse 121 figures / charts and 118 tables in this 212 -page report to understand trends, opportunities and forecast in bio-composites market by end use (building and construction, automotive, industrial and consumer goods, and others), process (extrusion, compression molding, injection molding, and others), resin (polyethylene, polypropylene, polyvinyl chloride, polylactide acid and others), fiber (wood flour, flax, kenaf, hemp, jute and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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Lucintel forecasts that building and construction will remain the largest segment over the forecast period due to increasing demand for moisture resistance, low maintenance, non-toxic, and durable products.
Polyethylene resin bio-composites will remain the largest resin type over the forecast period due to durability, near-zero moisture absorption, excellent chemical inertness, and ease of processing.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing demand for WPC decking, fencing, and railing in the building and construction industries of China, India, and Japan
FlexForm Technologies, Tecnaro GmbH, Trex Company Inc., Azek Building Products, Procotex Corporation SA, Fiberon LLC, GreenGran BV, FiberGran GmbH & Co. KG, Universal Forest Products, Inc., Tamko Building Products, Advanced Environmental Recycling Tech. are the major suppliers in the bio-composites providers.
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Roy Almaguer
Lucintel
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Email: [email protected]
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