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Home>Biocomposites Market by Fiber, Polymer, Product, End-Use Industry and Region - Global Forecast to 2022 - Research and Markets

Biocomposites Market by Fiber, Polymer, Product, End-Use Industry and Region - Global Forecast to 2022 - Research and Markets

Biocomposites Market by Fiber, Polymer, Product, End-Use Industry and Region - Global Forecast to 2022 - Research and Markets

10/02/2017

Biocomposites Market by Fiber, Polymer, Product, End-Use Industry and Region - Global Forecast to 2022 - Research and Markets

The "Biocomposites Market by Fiber (Wood Fiber and Non-Wood Fiber), Polymer (Synthetic and Natural), Product (Hybrid and Green), End-Use Industry (Transportation, Building & Construction and Consumer Goods), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The Biocomposites Market is Projected to Reach USD 36.76 Billion By 2022, at a CAGR of 14.44% from 2017 to 2022.

The major drivers stimulating the biocomposites market include government regulations regarding the use of environmentally friendly products and the safety & recyclability of biocomposites as compared to glass fiber and carbon fiber composites. The low strength of biocomposites as compared to synthetic fiber composites and the fluctuating cost, availability, and quality of raw materials are factors restraining the biocomposites market.

By end-use industry, the building & construction segment accounted for the largest share of the biocomposites market in 2016. However, the transportation segment is projected to grow at the highest CAGR during the forecast period. Biocomposites are non-toxic, biodegradable, and low cost, as compared to synthetic fiber composites, and offers dimensional stability, moldability, and impact resistance. Using biocomposites in automotive interiors is safer than glass fiber or carbon fiber composites, as no sharp-edged fractures are formed in case of a crash, thereby providing safety to passengers.

Asia Pacific is projected to be the fastest-growing market for biocomposites from 2017 to 2022. The main factors that are expected to contribute to this growth are the increasing demand for biocomposites from the region's building & construction, transportation, and consumer goods end-use industries. Increasing demand for non-toxic, biodegradable, and moisture & thermal resistant materials in the building & construction end-use industry is anticipated to drive the market for biocomposites in this region.

Key Topics Covered:

1 Introduction

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