© 2019 Global Market Insights, Inc. USA. All Rights Reserved Biocomposites Market 2019 to 2025, Key Industry Players & Growth Trends

Global Market Scenario of Biocomposites Industry © 2019 Global Market Insights, Inc. USA. All Rights Reserved  Biocomposites market segment by fiber type covers wood fiber composites and non-wood fiber composites. Non-wood or natural fibers are more popular in the industry due to their superior physical and mechanical properties. These are fairly long fibers, and possess high cellulose content, which delivers a significant degree of cellulose crystallinity and enhanced tensile strength. Biocomposites market  On the other hand, wood fiber composites have more than 60% of its mass as wood elements, and are moisture and mildew resistant. This enhances its shelf life and facilitates its application in the building & construction sector.  Global Biocomposites Market size is mainly driven by increasing demand from automotive industry, where the product is employed to reduce the weight of vehicles without compromising on performance, quality and safety. Biocomposites can also be used in combination with standard materials, such as carbon and glass fibers, which results in a higher tensile strength and stiffness.  This improves the product performance and minimizes the environmental impacts. In addition, rising awareness among consumers regarding eco-friendly materials and government resolutions to substitute plastics with environmentally favorable materials are major trends responsible for biocomposites market growth.

© 2019 Global Market Insights, Inc. USA. All Rights Reserved Regional Trends:- North America region will witness significant growth rate owing to growing demand for technologically advanced consumer electronics and automobile production in the U.S. The regional government have undertaken several initiatives related to infrastructural projects across residential, non-residential and commercial sectors, which is expected to propel the demand for biocomposites in near future. Europe is another substantial market in the global biocomposite market. The European Union’s ban on non-recyclable plastics is expected to drive the market in the region, whereas technological advancements and availability of raw material in the region is projected to benefit this market.

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© 2019 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: Global biocomposite market is moderately competitive owing to the presence of various industry players at global as well as local levels. There is a high initial fixed cost to setup manufacturing facility, and companies are vying to achieve economy of scale. Several key players in this industry are FlexForm Technologies, Fiberon, Tecnaro, UPM, Meshlin Composites, Trex Company, Universal Forest Products, MCG BioComposites, Jelu-Werk J. Ehrler GmbH, Alpas SRL etc.

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