openPR Logo
Press release

Asia Pacific Bio Composites Market Insights and Analysis for Period 2014 - 2020

09-29-2017 10:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Asia Pacific Bio Composites Market Insights and Analysis

Bio composites or green composites are formed by a biopolymer matrix and reinforcement of natural fibres. Someare degradable materials, but this is rare.Increasing concerns for the environment is a major driver of the bio composite market. Need for green composites is driven by depleting natural resources like crude oil (crude oil is a major component of non-bio composites), focus on reducing environmental pollution levels and utilization of agricultural waste. Natural fibres used in bio composites include natural fibres like Jute,wood flour, sugarcane bagasse, oil palm fibre,rice husk etc.

Natural fibre reinforced polypropylene (PP) composites have gained popularity for commercial use in the automotive industry. The advantages of natural fibres over manmade glass fibre include reduced cost, low density, distinct mechanical properties, less energy consumption etc. Automakers are currently shifting towards bio composites as natural fibres like hempare tougher than steel and is also cost-effective in terms of production. Bio composites are also used in the construction and marine sectors as it is easily mouldable and rigid in nature.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-ap-77

In terms of revenue, the global polymer market was estimated to be US$ 250 billion in 2013. Projections suggest that the market will reach US$450 billion by 2025. On the other hand, globalmarket of bio-based polymer is expected to grow at a CAGR of 10% - 11.5%. Increase in demand for bio composites is expected from regions of Asia Pacific, due to increasing construction, manufacturing and automotive sectors. Asia-Pacific is also estimated to be the largest automotive composite market with total share of around 43% globally. Asia-Pacific is turning into a hub for bio composite manufactures and is expected to report a high demand for bio composites over the coming years.

Commercial and residential construction industry in APAC is flourishing and bio composite is preffered for manufacturing are used industry is assured to play a major role in it due to increasing environmental concerns, stringent government regulations and as a social responsibility.

The key players in the market are divided into two groups which are bio composite manufacturers and bio composite suppliers. The main producers of natural fibre composites in the market are Flexform Technologies, Technaro GmbH, Procotex S.A. Corporation NV and Greengran B.V. The prominent suppliersof natural fibre composites are Stemergy, Bast Fibers, LLC and Crailar.

Many companies offering bio composites are aggressively trying to enhance their product portfolio to meet customer requirements and explore untapped markets. The bio composite market in APAC is highly fragmented and existing players try to develop partnership agreements amongst themselves and with smaller companies.

Visit For TOC@ https://www.futuremarketinsights.com/toc/rep-ap-77

After a decade of extraordinary developments with regard to artificial fibres, bio composites have garnered high interest from the automotive sector, especially for interior and exteriors of automobiles. Social concerns, depleting carbon resources and ecological regulations have initiated the search for new products and processes that are environment friendly. The combination of natural fibres and composites can reduce dependence on petroleum-based composite material. Bio composites could ultimately replace petroleum-based composite material in various applications areas such as automotive and construction. This could also offer new manufacturing and environmental benefits. Increasing use of bio composites can help maintain CO2 balance in Earth’s atmosphere. Awareness with regard to the environment and new government regulations like CAFÉ (Corporate Average Fuel Economy), new national and state emission standards will catalyze increased research for eco-friendly products in the application industry. As bio composites are produced from renewable sources such as wood pulp, jute fibers, cellulose fiber etc., it is imperative that the cost of raw materials will be stable in coming years. In addition to this high volume production of bio composites will also minimize the production cost, thus market prices of bio composites.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asia Pacific Bio Composites Market Insights and Analysis for Period 2014 - 2020 here

News-ID: 747880 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Bio

Bio Pharma Buffer Market – A comprehensive study by Key Players: Bio-Rad, Lonz …
Latest Market intelligence report released by HTF MI with title "COVID-19 Outbreak-Global Bio Pharma Buffer Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020" is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Bio Pharma Buffer Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary
IVIG Market Anticipated a Noteworthy CAGR during 2019-2024 & Companies Included …
A report added to the rich database of Qurate Business Intelligence, titled “World IVIG Market by Product Type, Players and Regions - Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the
Green & Bio-based Solvents Market Analysis, Demand, & Opportunities till 2023 | …
A latest research report titled as “Green & Bio-based Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the
Global Bioplastics (Bio-plastics,Bio plastics) Market 2018 - Braskem, BASF
Apex Market Reports, recently published a detailed market research study focused on the “Bioplastics (Bio-plastics,Bio plastics) Market” across the global, regional and country level. The report provides 360° analysis of “Bioplastics (Bio-plastics,Bio plastics) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bioplastics
Worldwide Bio-Electronics Market 2025 – Global Analysis and Forecasts by Type …
Bio-Electronics is defined as the electronic devices used for bio-medical purposes, and helps in creating and evaluating the new technologies for better understanding of biological systems. The increasing demand of bio-electronics to meet the overwhelming need in healthcare industry will boost the bio-electronics market in forecast period. Furthermore, the growth in research of implantable devices for developing robust and reliable implantable medical devices will increase the demand of bio-electronics in
Bio Electronics and Bio Sensors Market Forecasts, 2017-2025
Description: The global bio electronic market is valued USD $15 billion in 2016 and is expected to grow at a CAGR of 11.6% during the forecast period 2017-2025. The market is driven by various factors such as rapid advancement in semiconductor technology, high demand in implantable medical devices, increasing prevalence of neural and cardiac diseases among others. The emerging healthcare technologies such as lab on chip, ambulatory surgical centres, and personalized devices are