Global Biocomposites Market Forecast to 2022

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Global Biocomposites Market Forecast to 2022
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Summary

• The biocomposites market is projected to register
  a CAGR of 14.44 during the forecast period
• Biocomposites Market is projected to reach USD
  36.76 billion by 2022, at a CAGR of 14.44 from
  2017 to 2022. The major drivers stimulating the
  biocomposites market include government
  regulations regarding the use of environmentally
  friendly products and the safety recyclability
  of biocomposites as compared to glass fiber and
  carbon fiber composites. The low strength of
  biocomposites as compared to synthetic fiber
  composites and the fluctuating cost,
  availability, and quality of raw materials are
  factors restraining the biocomposites market.
• Transportation is projected to be the
  fastest-growing end-use industry segment of the
  biocomposites market during the forecast period

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• By end-use industry, the building construction
  segment accounted for the largest share of the
  biocomposites market in 2016. However, the
  transportation segment is projected to grow at
  the highest CAGR during the forecast period.
  Biocomposites are non-toxic, biodegradable, and
  low cost, as compared to synthetic fiber
  composites, and offers dimensional stability,
  moldability, and impact resistance.Asia Pacific
  is projected to be the fastest-growing market for
  biocomposites
• Asia Pacific is projected to be the
  fastest-growing market for biocomposites from
  2017 to 2022. The main factors that are expected
  to contribute to this growth are the increasing
  demand for biocomposites from the regions
  building construction, transportation, and
  consumer goods end-use industries. Increasing
  demand for non-toxic, biodegradable, and moisture
  thermal resistant materials in the building
  construction end-use industry is anticipated to
  drive the market for biocomposites in this region.

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• This study has been validated through primaries
  conducted with various industry experts,
  globally. These primary sources have been divided
  into the following three categories
• By company type- Tier 1- 35, Tier 2- 25, and
  Tier 3- 40
• By designation- C Level- 30, Director Level-
  25, and Others- 45
• By region- North America- 30, Asia Pacific- 30,
  Europe- 25, Middle East Africa- 10, and Latin
  America- 5

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Research Coverage

• This report covers the global biocomposites
  market and forecasts the market size until 2022.
  The report includes the market segmentation by
  fiber (wood fiber and non-wood fiber), polymer
  (synthetic polymer and natural polymer), product
  (hybrid biocomposites and green biocomposites),
  end-use industry (transportation, consumer goods,
  building construction, and others), and region
  (North America, Europe, Asia Pacific, Middle East
  Africa, and Latin America). Porters five
  forces analysis along with the drivers,
  restraints, opportunities, and challenges have
  also been discussed in the report.

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Full Reports
Global Biocomposites Market Forecast to 2022
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