Global Bio-based Composite Material Market

Report Highlights

The global bio-composites market should reach $7.7 billion by 2027 from $5.3 billion in 2022 at a compound annual growth rate (CAGR) of 7.6% for the forecast period of 2022 to 2027.

Report Includes

• 74 data tables and 15 additional tables
• An up-to-date overview and analysis of the global markets for bio-composites
• Analyses of the global market trends, with market revenue for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• Highlights of the current and future market potential for bio-based composite materials, and areas of focus to forecast this bio-composites market into various segments and sub-segments
• Estimation of the actual market size for bio-composites, market forecast in USD million values, and corresponding market share analysis segmented by product type, application, fiber/reinforcement type, resin, and geographic region
• Assessment of major driving factors, trends, opportunities and challenges in this innovation driven market, along with technology advances and regulatory implications within the marketplace
• Information pertaining to the impact of COVID-19 and Russia-Ukraine war on the market for bio-composite materials
• Discussion of the industry value chain analysis of bio-composites market, providing a systematic study of key intermediaries involved, with emphasis on raw materials, intermediate products, part fabricators, and end users
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
• Updated information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
• Descriptive company profiles of the leading global players, including Azek Building Products, FlexForm Technologies, Lingrove, Trex Company Inc. and Universal Forest Products

Report Scope

This report will cover the bio-composites industry. Definitive and detailed estimates and projections of the global market are provided, followed by a detailed analysis of the regions, countries, types, end-use industries and ongoing trends.

The scope of this report on the bio-composites market will cover all the commercially available product types, applications, and fiber types actively being utilized and consumed by crucial application industries.

The market size and estimations will be provided in terms of revenue (U.S. $millions), with 2021 serving as the base year; and the market forecast will be given for the period from 2022 to 2027.

This report considers the impact of COVID-19. In 2021, the growth rate of every industry around the globe was affected by the pandemic. The presently developing Russia-Ukraine war and the COVID-19 pandemic have, at this time, hampered the growth of every economy in the world. On top of the actions taken to lock down and contain the spread of the coronavirus while also minimizing the disruption of supply chains in their respective countries, various governments around the world are now also taking measures to contain the economic slowdown triggered by Russia’s invasion of Ukraine.

The bio-composites market is segmented based on its applications, namely: building and construction, automotive, industrial and others. This market is further divided into the different by-product types of bio-composites, such as wood fiber composites and non-wood fiber composites.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.