1. Biocomposite Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. www.marketresearchfuture.com2 Biocomposite Market Research Report- Forecast to 2023 Biocomposite is a material formed by resin or matrix reinforced by fibers such as jute, cotton, hemp recycled wood, waste paper and flex among others. Biocomposites can be manufactured using various techniques including filament winding, machine press, compression molding, injection molding, extrusion, sheet molding, resin transfer molding and winding. Biocomposite exhibit essential properties such as high tensile strength and low density among others which paves the way into many end user industries. They are also considered as an effective and ecofriendly alternative for glass, carbon and other man-made fiber composites. Moreover due to the cheap, recyclable and biodegradable nature, Biocomposites are gaining popularity in many industrial sectors. The Biocomposite Market is growing substantially in industrial as well as household applications. The increasing environmental awareness along with the depleting natural resources are the major factor driving the growth of the market throughout the globe. In addition to this, the growing demand for lightweight, low cost, environmental friendly, and moisture resistance materials in the building and construction industry is expected to contribute significantly to the market growth. The growing research and development activities for the mass production of Biocomposites coupled with increased adoption by the automobile industry are other factors adding to the market growth. The Global Biocomposite Market can be segmented on the basis of fiber type, process type, end-user industry and regions. On the basis of fiber, the wood fiber segment is anticipated to be the dominant segment and is expected to show the same trend during the forecast years. The growing demand for wood fiber in the form of decking, fences, and railing in the construction industry owing to its durability and low cost is significantly adding to the growth of the segment. On the basis of end-use industry building and construction is expected to dominate the segment. The market is estimated to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023). According to the analysis of MRFR, the major market forces and trends driving growth of the Global Biocomposite Market includes growth of construction sector and increasing application in the automobile industry. Moreover, the growing government expenditure in commercial and residential infrastructure in the developing regions coupled with growing number of automobile sales is adding to the growth of the market. However, the availability of substitutes, and volatile cost of the product are some of the major down side of the market. Biocomposite Market - Overview

3. www.marketresearchfuture.com3 Biocomposite Market Research Report- Forecast to 2023 The Global Biocomposite Market is segmented on the basis of fiber type, process, end use industry, and region. Based on Fiber Type, the market is segmented into hemp, kenaf, flax, jute, and others. On the basis of Process, the Global Bicomposite Market is divide into compression molding, injection molding, and others. Based on End Use Industry, the market is segmented into building & construction, automotive, consumer goods, and others. Geographically, the Global Biocomposite Market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Among them Asia Pacific is estimated to grow at highest CAGR. Get PDF Brochure for more Professional & Technical Industry Insights: https://www.marketresearchfuture.com/reports/biocomposite-market-4433 https://www.marketresearchfuture.com/reports/biocomposite-market-4433 Segmental Analysis

4. www.marketresearchfuture.com4 Biocomposite Market Research Report- Forecast to 2023 Regional Outlook The major regions in terms of markets size in the Global Biocomposite Market are Asia Pacific, North America, and Europe. Other regions include Middle East & Africa, and Latin America. Asia Pacific is the largest market for synthetic rubber holding over 50% of share of the Global Biocomposite Market. The region has undertaken expansion of its infrastructural projects which is anticipated to propel the demand of Biocomposite in this region. In addition to construction, automobile industries in this region is fethching the maximum demand in diverse application. Following Asia Pacific, North America is the second most significant region in the Global Biocomposite Market. The growth of the market in this region is attributed to reconstruction activities and demand from transportation sector, along with the sports and aerospace industry. Major demand of Biocomposite in the transportation sector in this region is pulled by aircraft industry.Europe is another substantial market in the Global Biocomposite Market. Demand of the product in this region is majorly driven by automotive industry and building & construction. Other regions in the Global Biocomposite Market are Latin America and Middle East & Africa. Latin America, among them, is estimated to grow at considerable CAGR owing to availability of raw material and emerging end use industry. The Middle East & Africa has an advantage of greater investment potential and growth opportunities, which is expected help the region to attain significant growth rate in coming years.

5. www.marketresearchfuture.com5 Biocomposite Market Research Report- Forecast to 2023 Major Players in this Research Biocomposite Market Prominent Players: MCG BioComposites, LLC (U.S.) Anhui Guofeng Wood Plastic Composite Co., Ltd. (China) A.B.COMPOSITES PVT.LTD. (India) Green Dot Holding LLC (U.S.) Yixing Hualong New Material Lumber Co., Ltd. (China) Advanced Environmental Recycling Technologies, Inc.(U.S.) Bcomp Ltd.(Switzerland) Nanjing Xuha Sundi New Building Materials Co.,Ltd. (China) TTS.(Canada) Lingrove, LLC (U.S.) Ask Sample for this Report @ https://www.marketresearchfuture.com/sample_request/4433https://www.marketresearchfuture.com/sample_request/4433

6. www.marketresearchfuture.com6 ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.

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