Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Biocomposites Market Size Worth US$ 46.85Bn by 2028 at 16% CAGR with Deep Dive Analysis of 18+ Countries across 5 Key Regions, 50+ Companies Scrutinized by The Insight Partners

This image opens in the lightbox

News provided by

The Insight Partners

30 Jun, 2022, 13:00 GMT

Share this article

Share toX

Share this article

Share toX

NEW YORK, June 30, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Biocomposites Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Fiber (Wood Fiber Composite and Non-Wood Fiber Composite), Product (Hybrid Composite and Green Composite), End-Use Industry (Building & Construction, Automotive, Consumer Goods, and Others), and Geography," the market is expected to grow from US$ 19.27 Billion in 2022 to US$ 46.85 Billion by 2028; it is estimated to grow at a CAGR of 16% from 2022 to 2028. An increase in the use of sustainable building materials and the rise in demand for biocomposites from the automotive industry drive the market growth. However, high hydrophilicity and variations in the mechanical properties of biocomposites restrict the growth of the market.

Request Sample PDF Brochure of Biocomposites Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at - https://www.theinsightpartners.com/sample/TIPRE00003222/

Biocomposites Market - Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 19.27 Billion in 2022

Market Size Value by

US$ 46.85 Billion by 2028

Growth rate

CAGR of 16% from 2022 to 2028.

Forecast Period

2022-2028

Base Year

2022

No. of Pages

150

No. Tables

83

No. of Charts & Figures

76

Historical data available

Yes

Segments covered

Fiber, Product, and End-Use Industry

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Biocomposites Market: Competition Landscape and Key Developments

TTS, Lingrove, Bcomp Ltd., UPM, Flexform Technologies, Tecnaro Gmbh, Green Bay Decking, Fiberon LLC, Arkema, and Procotex are among the key players operating in the biocomposites market. Leading market players adopt various business strategies, such as mergers and acquisitions, to expand their geographical presence and consumer base across the world. In 2020, UPM develops a truly wood-based biocomposite material with up to 100% renewable resources.

In 2021, Asia Pacific dominated the global biocomposites market. The region is expected to continue its dominance during the forecast period. The biocomposites market trends in the Asia Pacific are influenced by the growing end-use industries, including building & construction and transportation. In addition, the increasing foreign direct investments (FDIs) in the infrastructure and transportation sectors propel the demand for biocomposites in the region. Thus, these factors are fueling the biocomposites market growth across the Asia Pacific.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00003222/

In recent years, the construction industry has been focused on the utilization of sustainable materials to reduce the harmful environmental impact. According to the report from the Global Alliance for Building and Construction, the construction sector is one of the most harmful sectors to the environment. The increased use of sustainable materials in the construction sector is driving the demand for biocomposites in the industry. Biocomposites are increasingly used in the green materials and building movement across the world. 

They are sustainable building materials that help in eliminating nonrenewable waste, reducing raw material usage, and cutting fossil-fuel consumption. Biocomposites are increasingly used for making building products, including windows, doors, fences, siding, and decking. Biocomposite materials are also being promoted as a replacement for synthetic fiber reinforced composites, which tend to use petroleum-based materials. Therefore, a movement toward green construction, utilizing sustainable materials and environmentally sound techniques is creating demand for biocomposite products from the building and construction industry, thus, driving the biocomposites market growth.

Biocomposites Market Size: Segment Overview

Based on fiber, the market is bifurcated into wood fiber composites and non-wood fiber composites. In 2021, the wood fiber composite segment held the largest biocomposites market share.  Wood fiber composites comprise a combination of wood fibers and polymers that can be a fossil, bio-based, or recycled.

Based on product, the market is bifurcated into hybrid composites and green composites. The market for the green composite segment is expected to grow rapidly during the forecast period. Green composites are composite systems with high performance, strength, and adaptability, and their full degradability and composability make them relatively appealing.

Have a question? Speak to Research Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00003222/

Based on end-use industry, the market is segmented into building & construction, automotive, consumer goods, and others. The market for the automotive segment is expected to grow at the fastest rate during the forecast period. Biocomposites are increasingly used in the interior and nonstructural components of transportation vehicles. In recent years, the automotive industry is growing rapidly. Biocomposites are generally lightweight materials, so they reduce vehicle consumption of fuel and greenhouse gas emissions.

In 2021, the wood fiber composite segment held the largest market share. Composites made of wood fiber cost less than non-wood composites. These are used in a variety of applications, including residential, commercial, swimming pool, observation decks, and jetties. These are a few of the factors that led to the dominance of wood fiber composites in 2021.

The packaging is expected to be the fastest-growing segment during the forecast period. Green biocomposites are typically made by combining a biodegradable polymeric matrix with eco-friendly and renewable fibers. Increasing concern for the environment is driving the growth of green biocomposites during the forecast period.

During the forecast period, the automotive segment is expected to be the fastest-growing segment. Many automotive applications use biocomposites to achieve objectives, including light vehicle weight, fuel economy, low battery weight, low CO2 emissions, and high accident safety. Increasing demand for lightweight and fuel-efficient vehicles is propelling the demand for biocomposites during the forecast period.

Avail Lucrative DISCOUNTS on "Biocomposites Market" Research Study: https://www.theinsightpartners.com/discount/TIPRE00003222/

The key driver fueling the biocomposites market's expansion is the population's increased awareness of the necessity for eco-friendly materials to protect the environment from degradation. Another aspect driving the biocomposites market's expansion is the growing use of biocomposites to lighten vehicles and increase safety. Other reasons that contributed to the market's growth include the introduction of strict government restrictions and safer usage of biocomposites than glass fiber.

Based on end-use industry, the biocomposites market is segmented into building & construction, automotive, consumer goods, and others. In 2021, the building & construction segment dominated the market. Biocomposites are basically made from natural fibers produced from wood or non-wood sources. They are used in different forms in the building & construction industry.

Decking, Railing, balusters, fences, windows, doors, frames, and other components are produced from biocomposites. Wood fiber composites are mainly used for the production of decking, railing, balusters, and fences. Biocomposites are increasingly used for non-load bearing indoor components in civil engineering because of their susceptibility to extreme environmental conditions, such as moisture, freeze-thaw cycles, and ultraviolet radiations. They are used to make windows, doors, frames, wall panels, durable roofing elements, exterior constructions, and composites panels.

The global biocomposites market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2021and is also expected to be the fastest-growing region during the forecast period. The growing end-use industries, including building & construction and automotive, drive the demand for biocomposites across the region. There has been an increase in the production of lightweight vehicles in countries, such as China and India, which propelled the demand for biocomposites in such countries. In addition, the increased use of sustainable building materials across various countries in Asia Pacific fuels the biocomposites market growth.

Directly Purchase Premium Copy of Biocomposites Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00003222/

Biocomposites are distinctive composite materials made by combining organic fiber with a matrix material. Due to their numerous qualities, including their biodegradable nature, improved thermal stability, lightweight, low cost, etc., these materials have begun to acquire tremendous traction across a variety of end-use sectors. Manufacturers are using lightweight materials like biocomposites more often to reduce vehicle weight to increase efficiency. As a result, the size of the global biocomposites market is expected to increase during the forecast period.

Impact of COVID-19 Pandemic on Biocomposites Market

In 2020, the COVID-19 pandemic adversely affected the biocomposites market due to the shutdown of manufacturing facilities and the restrictions on transportation and logistics. The disruptions in the supply chain hampered the supply of biocomposites. However, businesses are growing as governments of various countries have eased imposed restrictions. Moreover, vaccination drives have led to a rise in business activities across the globe. The start of operations in the biocomposites manufacturing units is positively impacting the biocomposites market. Owing to the relaxation of lockdown restrictions, the manufacturing units restarted to operate with full capacity, which has increased automotive production across the world. Along with this, the resumption of the building and construction projects, which were on hold during the initial period of the COVID-19 pandemic, is also driving the biocomposites market growth.

Browse Latest and Related Reports:

Biodegradable Polymer Composites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Wood Fiber Composites, Non-wood Fiber Composites); Application (Automotive, Aerospace, Electrical, Medical, Chemical, Others) and Geography

Natural Fiber Composites Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Raw Material (Wood, Cotton, Flax, Kenaf, Hemp, Others); Matrix (Inorganic Compound, Natural Polymer, Synthetic Polymer); End-Use Industry (Automotive, Electronics, Sporting Goods, Construction, Others) and Geography

Automotive Glass Fiber Composite Market Forecast to 2028 - Covid-19 Impact and Global Analysis - Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding); and Intermediate Material (Sheet Molding Compound, Bulk Molding Compound, Glass Mat Thermoplastic, Short Fiber Thermoplastic, Long Fiber Thermoplastic, Continuous Fiber Thermoplastic, and phenolic Molding Compound)

Fiber Reinforced Polymer (FRP) Composites Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Fiber Type (Glass Fiber, Carbon Fiber, Basalt Fiber, Aramid Fiber, Others); End-Use Industry (Automotive, Aerospace and Defense, Building and Construction, Electrical and Electronics, Others) and Geography

Continuous Fiber Composites (CFC) for Aerospace Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Glass Fiber, Carbon Fiber, Others); Application (Primary Structure, Secondary Structure, Aircraft Interior, Aircraft Engine) and Geography

Composites in Oil and Gas Industry Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites); Resin Type (Epoxy Resin, Polyester Resin, Phenolic Resins, Others); Application (Pipes, Tanks, Top Side Applications, Others) and Geography

Non-Wood Fiber Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Straw, Bagasse, Bamboo, Cotton, Others); Application (Paper Making, Textiles, Others) and Geography

Advanced Composites Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Composites, Others); Resin Type (Advanced Thermosetting Composites, Advanced Thermoplastic Composites); End-Use Industry (Aerospace and Defense , Automotive, Construction, Marine, Consumer goods, Others); Manufacturing Process (AFP/ATL , Compression Molding Process , Hand Layup/Spray Layup Process , Resin Transfer Molding Process, Filament Winding Process , Injection Molding Process , Pultrusion Process , Others) and Geography

Carbon Composites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (2D, 2.5D, 3D); End-User (Automotive, Wind Turbines, Sports and Leisure, Marine, Aerospace and Defense, Others) and Geography

Marine Composites Market Forecast to 2028 – Covid-19 Impact and Global Analysis - By Composite Type (Ceramic Matrix Composite (CMC), Metal Matrix Composite (MMC), Polymer Matrix Composite (PMC), Others); Type (Fiber Type, Hybrid Composites, Foam Core Materials, Resin Type, Other); Vessel Type (Sailboats, Cruise Ships, Power Boats, Other Vessel) And Geography

Composites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Carbon Fiber Composites, Glass Fiber Composites, Others); Resin Type (Thermoset, Thermoplastic, Others); End Use Industry (Automotive, Aerospace and Defense, Wind Energy, Construction and Infrastructure, Marine, Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/biocomposites-market
More Research Reports from Chemicals and Materials Market: https://www.theinsightpartners.com/categories/chemicals-and-materials

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg 

Modal title

Also from this source

eSIM Market Size is Set to Achieve USD 17.98 Billion by 2031, With CAGR of 18.7% | The Insight Partners

eSIM Market Size is Set to Achieve USD 17.98 Billion by 2031, With CAGR of 18.7% | The Insight Partners

According to a new comprehensive report from The Insight Partners, the global eSIM market is observing significant growth owing to the rising...

HR Analytics Market Size to Surpass USD 9.89 Billion CAGR of 14.9% during 2025-2031

HR Analytics Market Size to Surpass USD 9.89 Billion CAGR of 14.9% during 2025-2031

According to a new comprehensive report from The Insight Partners, the global HR analytics market is observing significant growth owing to the...

More Releases From This Source

Explore

Chemical

Chemical

Chemical

Chemical

Construction & Building

Construction & Building

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.