The Biocomposites Market is expected to grow from US$ 19,268.62 million in 2022 to US$ 46,851.39 million by 2028; it is estimated to grow at a CAGR of 16% from 2022 to 2028. The growth of environmental concerns and the high cost of synthetic fibers propel the usage of natural fiber as reinforcement in polymeric composites. Biocomposites are materials formed by a matrix and reinforcement of natural fibers. In 2021, Asia Pacific dominated the global biocomposites market. The region is also expected to retain its dominance during the forecast period. According to the Fitch Solutions Infrastructure Report, China is the world’s largest construction market and is expected to grow at an annual average of 8.6% between 2022 and 2030. The rising environmental concerns have led to an increased demand for sustainable materials to be used in the building & construction industry.
Biocomposites Market to Get a New Boost
Biocomposites Market Global Analysis and Forecast to 2028 Published Date : June 2022 Email: [email protected] Email: [email protected] Report Studies Biocomposites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Fiber (Wood Fiber Composite and Non-Wood Fiber Composite), Product (Hybrid Composite and Green Composite), and End-Use Industry (Building & Construction, Automotive, Consumer Goods, and Others) 2 Email: [email protected] Biocomposites Market Overview The Biocomposites Market is expected to grow from US$ 19,268.62 million in 2022 to US$ 46,851.39 million by 2028; it is estimated to grow at a CAGR of 16% from 2022 to 2028. The growth of environmental concerns and the high cost of synthetic fibers propel the usage of natural fiber as reinforcement in polymeric composites. Biocomposites are materials formed by a matrix and reinforcement of natural fibers. According to the Fitch Solutions Infrastructure Report, China is the world’s largest construction market and is expected to grow at an annual average of 8.6% between 2022 and 2030. 3 Email: [email protected] Key Segment Market Segment By Type:- By Fiber (Wood Fiber Composite and Non-Wood Fiber Composite) Product (Hybrid Composite and Green Composite) End-Use Industry (Building & Construction, Automotive, Consumer Goods, and Others) 4 Download Sample Her e Email: [email protected] Biocomposites $50,000 Market Value $40,000 $30,000 CAGR of 16% $20,000 (2022 - 2028) $10,000 $0 20XX 20XX 20XX 20XX 20XX 5 Email: [email protected] Company Profiles TTS Lingrove Bcomp Ltd UPM Flexform Technologies Tecnaro GMBH Green Bay Decking Fiberon LLC Arkema Procotex Download Sample 6 Here Email: [email protected] By Geography North America (the US, Canada, and Mexico) Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific) Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa) South & Central America (Brazil, Argentina, and the Rest of South & Central America). 7 THANK YOU! Phone : +1-646-491-9876 E-Mail : [email protected]
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