Green Composites Market 2019 Global Market Challenge, Driver, Trends & Forecast to 2023

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Green Composites Market Research Report- Global
Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Green Composites Market - 2023
Global Green Composites Market
Information-by Fibers Type (Non-Wood Fibers
(Polyethylene, Polypropylene, Polyvinyl Chloride,
and others), Wood Fibers (Jute, Hemp, Kenaf,
Sisal, Coir, and others), by Application
(Automotive Transportation, Aerospace,
Healthcare, Military, Construction, Packaging and
others), by Region - Forecast till 2023 Synopsis
of Green Composites Market Green composites,
often referred to as bio composites, are made
from bipolar matrix and reinforcement of natural
fibers. Natural fibers used in green composites
includes jute, wood flour, sugarcane bagasse, oil
palm fiber, and rice husk. The matrix used in
green composites is essential to protect the
fibers from environmental degradation, mechanical
damage, to hold together and to transfer the
loads on it. More importantly, green composites
are highly biodegradable, reasonable and
recyclable as compared to petroleum based
composites. Global green composites market is
growing with a massive growth rate over the
years, and it is anticipated to same growth in
the years to come. These composites are
applicable in various industries including
automotive, construction, aerospace, packaging,
healthcare and others. Major market driver for
green composites market is increasing concern for
environment including reducing pollution level
and producing eco-friendly products. This has led
to increasing adoption of these composites in
various industries by contributing significantly
in global market growth. Reducing natural
resources like crude oil, focus on reducing
environmental pollution, and utilization of
agricultural waste have created need for green
composites by generating strong demand.
Automakers are currently shifting towards green
composites as natural fibers are tougher than
steel and also cost-effective in terms of
production. This has made green composites highly
preferable in automotive industry and has
contributed to global market growth. Apart from
this, green composites are easily moldable and
rigid in nature due to which they are highly
adopted by construction and marine industry.
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Green Composites Market - 2023
Regional Analysis As of 2016, Asia Pacific is
one of the largest and dominant markets for green
composites and accounts for 43 of global market
shares. The region expected to emerge as
manufacturing hub for green composites in near
future, due to India and China being one of the
leading manufacturers of these composites. As
green composites are largely used in automotive
industry owing to its high biodegradability and
recyclability, the flourishing automotive
industry in this region has generated robust
demand for these composites. Construction
activities in Asia Pacific is anticipated to
drive regional growth on account of huge
investment by government in constructional
projects. North America stands second in the
global green composites market followed by Europe
region. Stringent environmental regulation in
both of these regions have driven strong demand
for green composites. Construction Industry in
Europe is anticipated to have enhanced gains in
terms of regional growth, due to rising
residential and non-residential projects directed
by European government. On the other hand, Latin
America has shown surprising growth over the past
few years. This is due to favorable government
policies, growth in construction industry and
economic development in country like
Brazil. Segmentation The global green
composites market is majorly segmented on the
basis of fiber type, application, and regions.
Market segmentation based on type of fibers
include wood and non-wood fibers. Wood fiber
further sub-segmented into jute, hemp, kenaf,
sisal, coir, and others. Non-wood fibers into
polyethylene, polypropylene, polyvinyl chloride,
and others. Based on the application, global
market has been segmented into automotive
transportation, aerospace, healthcare, military,
construction, packaging and others.
Geographically, the global market has been
segmented into North America, Asia Pacific,
Europe, Latin America, and Middle East Africa
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Green Composites Market - 2023
Key Players Key players of the global green
composites are Flex Form Technologies (U.S.),
TECNARO GMBH (Germany), Procotex SA Corporation
NV (Belgium), GreenGran BN (The Netherlands), UPM
Biocomposites (Germany), MCG Biocomposites LLC.
(U.S.) and ALPAS srl (Italy) and
others. Intended Audience Green Composites
manufacturers Traders and distributors of Green
Composites Production Process industries Potential
investors Raw material suppliers Nationalized
laboratory
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