Insights on the Biocomposites Market to 2028 | Industry Statistics, Emerging Demands, Forecast to 2028

The global biocomposites market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2022-2028). The rising demand for biocomposites from automobile industry is expected to fuel the global biocomposites market. Biocomposites have various advantages for use in automobile applications. Composites are usually lightweight materials, due to which they diminish vehicle consumption and greenhouse gas emissions. Biocomposites have sound and thermal properties which makes them perfect for vehicle interior parts. Biocomposites have various applications in automotive sector including interior components, wood trim, seat fillers, seat backs, headliners, interior panels, dashboards and others, due to which it is expected to drive the market in future. Considering various applications of biocomposites in automobile industry, market players are concerned towards bringing new products based on biocomposites in this sector. For instance, in January 2021, Lingrove launched ekoa surface peel n'stick, made from flax fiber which is CO2 negative and requires no irrigation. Ekoa syndicates this fiber with bioresins to produce composite surface that have look of wood without environmental drawbacks. Ekoa surface is rich in bio content than various wood based products being used in commercial interiors and furnishings. Ekoa surface was launched as a consumer product however, its lightweight property resulted in its application in automobile industry and Lingrove received orders for ekoa surface from automotive companies. Owing to various benefits of biocomposites, companies are adopting them for producing new products as a result of which the market will grow.

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Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

• By Product

• By Fiber Type

• By Polymer Type

• By End-Use

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- BASF SE, Bcomp Ltd., Celanese Corp., Fiberon, FlexForm Technologies, LANXESS, Lingrove Inc., Mitsubishi Chemical Advanced Materials AG, and others.

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Global Biocomposites Market Report by Segment

By Product

• Hybrid Biocomposites

• Green Biocomposites

By Fiber Type

• Wood Fiber Composites

• Non-wood Fiber Composites

By Polymer Type

• Natural Polymer Composites

• Synthetic Polymer Composites

By End-Use

• Consumer Goods

• Building & Construction

• Transportation

• Automobile

• Others (Electronics, Aerospace & Military)

Global Biocomposites Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

• BASF SE

• Bcomp Ltd.

• Celanese Corp.

• Fiberon

• FlexForm Technologies

• LANXESS

• Lingrove Inc.

• Mitsubishi Chemical Advanced Materials AG

• Nanjing Jufeng Advanced Materials Co., Ltd.

• NATUREPLAST

• PNH co.,ltd.

• Stora Enso

• TECNARO GMBH

• TPI Composites

• TTS

• UPM

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