Press release
Increasing Product Demand from Construction Industry Driving Biocomposites Market
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When type is taken into consideration, the biocomposites market is divided into non-structural and structural. Among these, the market was dominated by the structural division during the historical period (2013-2017), holding a volume share of over 55.0% in 2017. This was attributed to the superior load bearing property of this type as compared to the other type, due to which these biocomposites find applications in construction of subflooring, framing components, roof systems, stairs, and furniture. The division is further going to account for the larger share of the market during the forecast period.
A key trend in the biocomposites market is the changing consumer preference from plastic composites to eco-friendly biocomposites. While conventionally, plastic composites were extensively utilized in several end-use industries, now the preference has shifted to composites and biocomposites derived from natural sources. This is because of the negative impacts of plastic composites on the environment, such as air pollution, greenhouse gas emissions, and landfill issues. Biocomposites offer various advantages over synthetic composites including ease of disposability, lower cost, and higher fiber content which results in reduced pollution.
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Biocomposites Market Competitive Landscape
Some of the major players operating in the global biocomposites market are Meshlin Composites ZRT, Alpas SRL, MCG Bio Composites LLC, Trex Company Inc., Flexform Technologies, Jelu-Werk J. Ehrler GmbH & Co. Kg, Green Bay Decking LLC, Universal Forest Products Inc., Fiberon LLC, and Tecnaro GmbH.
GLOBAL BIOCOMPOSITES MARKET SEGMENTATION
By Type
Structural
Non-Structural
By Fiber Type
Wood-Plastic Composites (WPC)
Natural Fiber Composites (NFC)
By Application
Construction
Automotive
Consumer Goods
Aerospace
Packaging
Medical
Others
By Geography
North America
U.S.
Canada
Europe
Germany
U.K.
Russia
France
Rest of Europe
APAC
China
India
Japan
Philippines
Rest of APAC
Rest of the World (RoW)
Brazil
Saudi Arabia
South Africa
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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