Biocomposites Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the Biocomposites Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Biocomposites Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30.

What are the major Driver the Biocomposites industry?

Requirement in the Automotive Sector Intensifying Market Demand – The car industry is in greater use of biocomposites as a sustainable option to conventional materials, fueling market growth. The materials, which integrate natural fibers with polymers, have lightweight characteristics, high durability, and less environmental impact, and therefore they are well suited for production in contemporary cars. The reduction of weight, which provides better fuel economy and allows extended driving range for EVs, is the main growth driver for automotive industries seeking biocomposites. For example, the BMW i3 uses hemp fiber-reinforced door panels that reduce weight by 10% while maintaining the integrity of structures. Manufacturers of ultra-luxury and performance cars like the Lotus Theory 1 electric sports car are keen to incorporate biocomposites to ensure improved performance. With increasing global automobile production, the use and demand for biocomposites continue to rise.

In 2024, global EV sales reached 17.1 million units, a 25% increase from 2023. Between 2030 and 2034, it is expected that EVs will constitute 42% to 58% of car sales. This further increases the demand for biocomposites in parts such as interior panels, seat-backs, and headliners. Thus biocomposites shall gradually be a significant contributing factor in redefining the automotive market from a balance between sustainability and performance.

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What segments define the Biocomposites market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

·       By Processing Method

o   Filament Winding- Market Size & Forecast 2020-2030, USD Million

o   Extrusion- Market Size & Forecast 2020-2030, USD Million

o   Injection Molding- Market Size & Forecast 2020-2030, USD Million

o   Compression Molding- Market Size & Forecast 2020-2030, USD Million

o   Machine Press- Market Size & Forecast 2020-2030, USD Million

o   Others

·       By Polymer Matrix

o   Synthetic Polymer- Market Size & Forecast 2020-2030, USD Million

§  Polypropylene- Market Size & Forecast 2020-2030, USD Million

§  Polystyrene- Market Size & Forecast 2020-2030, USD Million

§  Others

o   Bio-Based Polymer

§  Polylactic acid- Market Size & Forecast 2020-2030, USD Million

§  Polyhydroxyalkanoates- Market Size & Forecast 2020-2030, USD Million

§  Polybutylene Succinate- Market Size & Forecast 2020-2030, USD Million

§  Others

·       By Product Type

o   Green Biocomposites- Market Size & Forecast 2020-2030, USD Million

o   Hybrid Biocomposites- Market Size & Forecast 2020-2030, USD Million

o   Others

 According to report, Based on Product Type, Green Biocomposites hold the largest portion of the Global Biocomposites Market, accounting for approximately 63.75%.

·       By Fiber Type

o   Wood Fibers- Market Size & Forecast 2020-2030, USD Million

o   Non-Wood Fibers- Market Size & Forecast 2020-2030, USD Million

§  Flax- Market Size & Forecast 2020-2030, USD Million

§  Jute- Market Size & Forecast 2020-2030, USD Million

§  Kenaf’- Market Size & Forecast 2020-2030, USD Million

§  Hemp- Market Size & Forecast 2020-2030, USD Million

§  Coir- Market Size & Forecast 2020-2030, USD Million

§  Sisal- Market Size & Forecast 2020-2030, USD Million

§  Others

According to report, Wood Fibers dominate the Global Biocomposites Market. It holds approx. 69% share of the total market.

·       By End User

o   Transportation- Market Size & Forecast 2020-2030, USD Million

o   Building and Construction- Market Size & Forecast 2020-2030, USD Million

o   Consumer goods- Market Size & Forecast 2020-2030, USD Million

o   Electrical & electronics- Market Size & Forecast 2020-2030, USD Million

o   Others

Explore the Complete Biocomposites Market Analysis Report – https://www.marknteladvisors.com/research-library/biocomposites-market.html

Geographical Analysis: Biocomposites Market

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

Biocomposites Market Share & Competitive Landscape:

The Biocomposites Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Biocomposites Market are:

• Stora Enso
• UPM
• UFP Industries, Inc.
• Trex Company, Inc.
• Fiberon LLC
• Green Dot Corporation
• Procotex Corporation
• Bast Fibers LLC,
• FlexForm Technologies
• TECNARO GMBH
• Meshlin Composites Zrt
• Nanjing Jufeng Advanced Materials Co., Ltd.
• BioComposites Group
• Lanxess AG
• A B Composites Pvt. Ltd.
• Bcomp
• Colan Australia
• G. Angeloni s.r.l
• RTP Company
• Lingrove Inc. 

 Biocomposites Industry Recent Development:

• August 2024: Trex Company, Inc. made progress on its USD 400 million composite deck manufacturing plant (that uses biocomposites) at the Little Rock Port Authority which is on schedule for a 2025 start to production. The multi-faceted production campus is intended to increase capacity and the company’s ability to meet the strong demand for its industry-leading products.
• August 2024: Green Dot Corporation introduced a new compostable bioplastic for extrusion called Terratek® BD4802 made with biocomposite materials. This plant-based polymer is recyclable and compostable and meets international composting standards.

 Questions Addressed in this Study

1.What factors are driving the Biocomposites Market growth?

2.How is the Biocomposites Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Biocomposites Market?

4.What is the current size of the Biocomposites Market, and how is it projected to change in the future?

6.What is the future outlook for the Biocomposites Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

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