Biocomposite Market Types, Applications And Competitors 2019-2025: Aftermath of Covid-19

The "Biocomposite Market" an off-the-shelf research report has recently added by Market Insights Reports to get an in-depth analysis of different attributes of industries and providing timely access to accurate, reliable and unbiased analysis of the market. The data provided related to the: Market Size in value and volume*, top market segments driving sales and revenue, top companies, the share of the market in the market and the top countries which account for the maximum production and consumption.

The Global Biocomposite market report follows SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis with expected of 12.5% CAGR values during forecast period.

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Key Players:

Owens Corning, Toray Industries, Inc., Hexcel Corporation, Flexform Technologies, Technaro GmbH, Procotex SA Corporation NV, Greengran BV, JEC Group, Cardboard Composite Materials, request free sample for complete list of companies.

Asia Pacific is expected to be the largest regional market from 2017 to 2025. Increasing population and rising disposable income are some of the key factors driving the growth of the regional market. Developed countries in North America and Europe have been presenting high demand as well. The European Union's ban on non-recyclable plastic is expected to drive the market in the region.

Summary

A biocomposite is a composite material formed by a matrix 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.

Industry News:

Japanese company Toray is going to start mass production of biopolyester jointly with Virent

Toray developed what is being described as the world's first 100% plant-based polyester jointly with Virent

Japanese materials maker Toray Industries is going to start mass production of polyester made entirely from plants, a breakthrough poised to cut reliance on petroleum and slash carbon emissions, Nikkei has learned. Toray developed what is being described as the world's first 100% plant-based polyester jointly with Virent, a U.S. biofuels company. Production is set to begin in the early part of this decade, people familiar with the matter said.
Textiles have come under global scrutiny for their large carbon footprint. Polyesters in particular account for 80% of chemical fibers produced worldwide. Ethical concerns are pushing apparel companies to shift away from petroleum-based fibers. H&M said last year that it will switch completely to sustainable materials by 2030.
(Source)

Biocomposite Market Segmentation by types, Applications and regions:

Market Segment by Type covers:

Polymer Base Biocomposite Materials
Metal Base Biocomposite Materials
Ceramic Base Biocomposite Materials
Others

Market Segmented by Applications:

Medical Industry
Chemical Industry
Aerospace
Military Applications
Construction
Packaging
Others

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Market Segment by Regions:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)

These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.

Frequently Asked Questions about "Biocomposite market" :

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