Global Biocomposites Market Insights and Forecast to 2026

Biocomposite is a composite material formed by a matrix (resin) and a reinforcement of natural fibers. These kind of materials often mimic the structure of the living materials involved in the process keeping the strengthening properties of the matrix that was used, but always providing biocompatibility. The matrix phase is formed by polymers derived from renewable and nonrenewable resources. The matrix is important to protect the fibers from environmental degradation and mechanical damage, to hold the fibers together and to transfer the loads on it.
By end-use industry, the transportation segment is projected to be the fastest-growing end-use industry segment of the market during the forecast period. Biocomposites are used in the automotive industry owing to their lightweight, impact resistance, and non-toxic features. Also, no sharp-edged fractures are formed in case of a crash, thereby providing safety to passengers. The increasing demand for naturally sourced, non-toxic, and impact resistant materials in the transportation end-use industry is anticipated to drive the biocomposites market between 2018 and 2023.

Market Analysis and Insights: Global Biocomposites Market
The global Biocomposites market size is projected to reach US$ 21490 million by 2026, from US$ 19740 million in 2020, at a CAGR of 8.2%% during 2021-2026.

Global Biocomposites Scope and Market Size
Biocomposites market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biocomposites market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.

Segment by Type, the Biocomposites market is segmented into
Wood Fiber Composites
Non-wood Fiber Composites

Segment by Application, the Biocomposites market is segmented into
Building & Construction
Transportation
Consumer Goods
Others

Regional and Country-level Analysis
The Biocomposites market is analysed and market size information is provided by regions (countries).
The key regions covered in the Biocomposites market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Biocomposites Market Share Analysis
Biocomposites market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Biocomposites business, the date to enter into the Biocomposites market, Biocomposites product introduction, recent developments, etc.

The major vendors covered:
Trex Company
UPM
Universal Forest Products
Flexform Technologies
Tecnaro
Jelu-Werk
Green Bay Decking
Fiberon
Meshlin Composites
Alpas
Huangshan Huasu New Material Science & Technology
Newtechwood
Nanjing Jufeng Advanced Materials Co., Ltd
Yixing Hualong New Material
Anhui Huiyun Wood