Biocomposites Market to see Rapid Growth by 2030

The global biocomposites market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period. The rising demand for bio-composites from automobile industry is expected to fuel the global bio-composites market. Bio-composites have various advantages for use in automobile applications. Composites are usually lightweight materials, due to which they diminish vehicle consumption and greenhouse gas emissions. Bio-composites have sound and thermal properties which makes them perfect for vehicle interior parts. Bio-composites have various applications in automotive sector including interior components, wood trim, seat fillers, seat backs, headliners, interior panels, dashboards and others, due to which it is expected to drive the market in future. Considering various applications of bio-composites in automobile industry, market players are concerned towards bringing new products based on bio-composites in this sector.

For instance, in January 2021, Lingrove launched ekoa surface peel n’stick, made from flax fiber which is CO2 negative and requires no irrigation. Ekoa syndicates this fiber with bioresins to produce composite surface that have look of wood without environmental drawbacks. Ekoa surface is rich in bio content than various wood based products being used in commercial interiors and furnishings.  Ekoa surface was launched as a consumer product however, its lightweight property resulted in its application in automobile industry and Lingrove received orders for ekoa surface from automotive companies. Owing to various benefits of biocomposites, companies are adopting them for producing new products as a result of which the market will grow. 

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Market Coverage

•             The market number available for – 2023-2030

•             Base year- 2023

•             Forecast period- 2024-2031

Segment Covered- 

• By Product
• By Fiber Type
• By Polymer Type
• By End-Use

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- BASF SE, Bcomp Ltd., Celanese Corp., Fiberon, FlexForm Technologies, LANXESS, Lingrove Inc., Mitsubishi Chemical Advanced Materials AG, and others.

Biocomposites Market Report by Segment

By Product

• Hybrid Biocomposites
• Green Biocomposites 

By Fiber Type

• Wood Fiber Composites
• Non-wood Fiber Composites

By Polymer Type

• Natural Polymer Composites
• Synthetic Polymer Composites

By End-Use

• Consumer Goods
• Building & Construction
• Transportation
• Automobile
• Others (Electronics, Aerospace & Military)

A full Report of Biocomposites Market is Available @ https://www.omrglobal.com/industry-reports/biocomposites-market

Biocomposites Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America 
• Middle East & Africa

Company Profiles 

• BASF SE 
• Bcomp Ltd.
• Celanese Corp.
• Fiberon
• FlexForm Technologies
• LANXESS
• Lingrove Inc.
• Mitsubishi Chemical Advanced Materials AG
• Nanjing Jufeng Advanced Materials Co., Ltd.
• NATUREPLAST
• PNH co.,ltd.
• Stora Enso
• TECNARO GMBH
• TPI Composites 
• TTS
• UPM

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