Report Highlights
The global market for bio-based composite materials is estimated to increase from $5.9 billion in 2023 to reach $9.0 billion by 2029, at a compound annual growth rate (CAGR) of 7.4% from 2024 through 2029.
Report Includes
- 109 data tables and 55 additional tables
- An overview of the global market for bio-based composite materials
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecast for 2028, and projected CAGRs through 2029
- Estimates of the market size and revenue forecast, and a market share analysis by type, fiber type, resin type, end-use industry and region
- Facts and figures pertaining to market dynamics and technological trends
- A look at products in the pipeline
- Description of advanced manufacturing methods for nanocellulose materials and production process for thermomechanical pulp
- Discussion of sustainability trends, including consumer attitudes, companies’ ESG rankings, case studies and the ESG practices of leading companies
- Analysis of the industry structure, including company market shares, recent M&A activity and venture funding
- Competitive intelligence on the leading companies’ products, business strategies and financials
- Company profiles of major players within the industry, including UPM, UFP Industries Inc., Norske Skog, The Trex Co. Inc., and The Azek Co. Inc.
Report Scope
This report covers the composite types, resin types and fiber types of bio-based composite materials and associated end-use industries. Estimated values are based on manufacturers’ total revenues. Projected revenue values are in constant U.S. dollars, unadjusted for inflation. The report also contains comprehensive information regarding bio-based composite materials and their users.
In this report, the global market for bio-based composite materials is divided into five segments:
- Type (wood fiber and non-wood fiber).
- Fiber type (wood fiber, hemp, flax and others).
- Resin type (polyethylene, polypropylene, polyvinyl chloride and others).
- End use (building and construction, transportation, industrial, consumer goods and others).
- Region (North America, Europe, Asia-Pacific and RoW).
Report Synopsis
| Report Metrics | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||
| Base year market size | $5.9 billion | ||||||||||||||
| Market size forecast | $9.0 billion | ||||||||||||||
| Growth rate | CAGR of 7.4% for the forecast period of 2024-2029 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | Type, Resin Type, Fiber Type, End User | ||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Portugal, Sweden, Hungary, Romania, Japan, China, India, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Middle East and Africa | ||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Technological advancements in bio-composite materials
- Growing end-use applications
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.
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
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