Green Composites Market_PPT
                     Green Composites MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Green Composites MARKET 2020
Green Composites Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Green composites, also known as biocomposites, are made from bipolar matrix and reinforcement of natural fibers. Market 
Research Future (MRFR) has published a research report about the global green composites market that forecasts hike for this 
market between 2016 and 2023.
The global green composites market is expected to witness growth during the forecast period due to various factors. These factors 
include increasing concern for the environment including reducing the pollution level and producing eco-friendly products. The 
market is also growing due to significant contribution via increasing adoption of these composites in various industries. The need 
for green composites has been created by the focus on reducing environmental pollution, reduction of natural resources, and 
utilization of agricultural waste. Automakers are demanding green composites as natural fibers are tougher than steel and also 
cost-effective in terms of production. Their demand is leading to market growth. Due to their easily moldable and rigid nature, 
green composites useful for construction and marine industry and hence, adopted by them. The combination of natural fibers and 
composites can reduce dependence on petroleum-based composites material. Therefore, this reason also creates a market for 
green composites.
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Green Composites MARKET 2020
Market Segmentation:
The global green composites market has been segmented on the basis of application, fiber type, and lastly, the region. The 
application-based segmentation of this market segments it into aerospace, automotive & transportation, construction, healthcare, 
military, packaging, and others. By fiber types, the market has been segmented into the wood and non-wood fibers. Wood fiber has 
been sub-segmented into coir, hemp, jute, kenaf, sisal, and others. Non-wood fibers have been further segmented into 
polyethylene, polypropylene, polyvinyl chloride, and others.
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Green Composites MARKET 2020
Regional Analysis
The regional segmentation of the global green composites market covers North America, Asia Pacific, Europe, Latin America, and 
Middle East & Africa (MEA). During the base year, Asia Pacific was one of the largest and dominant markets for green composites. 
It accounted for 43% of global market shares. During the forecast period, the region expected to emerge as a manufacturing hub 
for green composites, due to India and China being among the leading manufacturers of these composites. Green composites are 
expected to be heavily in-demand due to the flourishing automotive industry of this region because they are highly biodegradable 
and recyclable. Construction activities in the Asia Pacific are also anticipated to drive the growth on account of huge investment by 
government in constructional projects.
According to the report, North America is the second largest market, followed by Europe. Stringent environmental regulation in 
both of these regions has driven strong demand for green composites. The United States of America (USA) is the biggest economy 
in North America, and it has the potential to emerge as the biggest country-specific market in this region. Construction Industry in 
Europe has been anticipated to have enhanced gains in terms of regional growth during the forecast period, due to rising 
residential and non-residential projects directed by the governments of most of the European countries. The strongest economies 
in Europe that have the potential to be an important market are France, Germany, and the United Kingdom.
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s-market-3992
             
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Green Composites MARKET 2020
Application & Major Players in this Research:
Green Composites Market Prominent Players:
The key players in the global green composites market include ALPAS SRL (Italy), Flex Form Technologies (USA), GreenGran BN 
(The Netherlands), MCG Biocomposites LLC. (USA), Procotex SA Corporation NV (Belgium),TECNARO GMBH (Germany), and UPM 
Biocomposites (Germany).
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