What Is the Size of North America Biocomposites Industry?
North
America Biocomposites market is growing at a CAGR of ~% in
2017-2021P and is expected to reach ~USD Bn by 2027F. The growth of Biocomposites
market in North America is driven owing to the rise in environmental concerns
supported by the increasing need for lowering emission levels.
Furthermore, the rising prevalence of biocomposites over the next few years is expected to propel
the growth of market due to the stable long-term usage among end-user
industries and government efforts for use of more eco-friendly products
especially in developed countries such as USA.
Rise in demand of Eco Friendly and Durable Manufacturing Materials. Handling
plastic composites has become a serious issue and glass fiber also has health drawbacks,
thus biocomposites have emerged as a popular replacement. Hence, stricter
environmental legislation and increased awareness about the use of sustainable
building materials will drive growth in the market for biocomposites.
Wood plastic composites (WPC) and natural fiber composites
(NFC) square measure presently gaining important interest
for a range of applications owing
to recent enhancements in injection molding and 3D printing.
North America Biocomposites Market by Fiber Type
The Wood Fiber Composites segment in North America Biocomposites market
is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by
2027F. It is used extensively in the construction and automotive industries
since they are more durable and need less maintenance.
Following the Wood Fiber segment, the Non-wood Fiber Composites will
experience the fastest growth during the forecasted period. This gain is
majorly due to the thermoplastic (PP) which dominates the other varieties due
to its better mechanical strength. This group includes polypropylene as well,
which has grown quickly in recent years due to its inexpensive hydrolysis
resistance qualities.
North America Biocomposites Market by Polymer Type
The North America Synthetic Polymer Composites market is growing at a
fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This
is mainly due to that Synthetic Polymer have better dimensional stability and
are highly resistant to physical impacts.
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Natural fiber is being used more frequently as a support or filler
element in the construction of composites as a result of the growing
understanding of the necessity to use legal resources to replace those produced
by traditional materials. Natural Polymer owns the increasing environmental
awareness and various attractive benefits offered by natural fiber composites.
North America Biocomposites market by Product Type
The Green Biocomposites segment in the North America Biocomposites market
is growing at the highest CAGR of ~% in 2017-2021 and is expected to reach ~USD
Bn by 2027F. This growth is mainly due to the increased shift of customers to
Services due to excellent fiber-polymer adhesion, which results in minimal
moisture absorption, high strength, and dimensional stability, composite
systems with high performance, strength, and adaptability, and their full
degradability and composability make them relatively appealing.
Hybrid composite materials are progressively used in many engineering
applications as they offer many advanced properties and various advantages over
conventional composite materials. It has distinctive characteristics that can
be used in various structures and/or structural components without compromising
their structural performance and robustness.
Key Segments
Covered in North America Biocomposites Market:-
North
America Biocomposites Market By Product Type
Hybrid Biocomposites
Green Biocomposites
North
America Biocomposites Market By Fiber Type
Wood Fiber Composites
Non-wood Fiber Composites
North America
Biocomposites Market By Polymer Type
Natural Polymer Composites
Synthetic Polymer
Composites
North America
Biocomposites Market By Type of End
User Industry
Building & Construction
Consumer Goods
Electrical & Electronics
Aerospace & Defense
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North America Biocomposites Market By Geography and Major Countries
USA
Canada
Mexico
Key Target Audience:-
Biocomposites
Manufacturers
Bio-pellet
Manufacturers
Composites
Manufacturers
Plastics
Manufacturers
Chemicals
Manufacturers
Petrochemicals
& Resins Manufacturers
Primary
Biocomposites Fiber Farming Organizations
Automobile
Component Manufacturing Companies
Building
& Construction Materials and Products Manufacturing Companies
Electrical
& Electronics Components Manufacturers
Military Defense
Components Manufacturers
Aerospace
Components manufacturer
Potential
Investors in Biocomposites Industry
Allied/Auxiliary
Industries in Biocomposites Market
Biocomposites
Wholesalers and Distributors
Time Period
Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Companies Mentioned:-
Key Competitors in North
America Biocomposites Market
Lingrove
MCG BioComposites
Trex
FlexForm Technologies
Fiberon
Tekle Technical Services Inc.
DuxxBak
BioComposites Group
The AZEK Company
Universal Forest Products Inc.
NewTechWood
Owens Corning
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Emerging Biocomposites
Companies in North America
Primitives
RWDC Industries
NovolBio
Anomera
Bast Fibre Technologies
Natural Fibre Technologies
Safran Aero Composites
CompositeTechs, LLC
Key Topics
Covered in the Report:-
Snapshot of North
America Biocomposites Market
Industry
Value Chain and Ecosystem Analysis
Market size
and Segmentation of North America Biocomposites Market
Historic Growth
of Overall North America Biocomposites Market and Segments
Competition
Scenario of the Market and Key Developments of Competitors
Porter’s 5
Forces Analysis of North America Biocomposites Industry
Overview, Product
Offerings, and SWOT Analysis of All the Key Competitors
Covid 19
Impact on the Overall North America Biocomposites Market
Future
Market Forecast and Growth Rates of the Total North America Biocomposites Market
and by Segments
Market Size
of End User Industries with Historical CAGR and Future Forecasts
Analysis of
North America Biocomposites Market in Major North American Countries
Major
Production / Consumption Hubs in the Major Countries
Major
Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise
Historic and Future Market Growth Rates of the Total Market and Segments
Overview of
Notable Emerging North America Biocomposites Companies within Each Major Country
TTS Biocomposites Market
Lingrove Biocomposites Market
MCG BioComposite Market
FlexForm Technologies Biocomposites Market
Owens Corning Biocomposites Market
Primitives Biocomposites Market
RWDC Industries Biocomposites Market
NovolBio Biocomposites Market
Anomera Biocomposites Market
USA Biocomposites Market Major Players
Covid-19 Impact USA Biocomposites Market
Canada Biocomposites Industry Research Report
Biocomposites Market In Canada
Mexico Biocomposites Market Research Report
For more
information on the research report, refer to below link:-
North America Biocomposites Industry
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
Frequently
Asked Questions:-
What is the Study Period of this Market Report?
The North America Biocomposites Market is covered
from 2017 – 2027 in this report, which includes a forecast for the period
2022-2027.
What is the Future Growth Rate of North America Biocomposites Market?
The North America Biocomposites Market is expected
to witness a CAGR of above 12% over the next 5 years.
What are the Key Factors Driving the North America Biocomposites Market?
Rising number of millennial parents who are
increasingly health conscious and adopting natural, minimally processed food is
expected to be the primary driver of this market.
Which is the Fastest Growing Product Segment within the North America Biocomposites
Market?
Natural Polymer Composites is the fastest growing
product segment within the North America Biocomposites Market.
Who are the Key Players in North America Biocomposites Market?
Lingrove, MCG BioComposites, Trex, FlexForm
Technologies, Tekle Technical Services Inc., DuxxBak, BioComposites Group, The
AZEK Company, Universal Forest Products Inc., NewTechWood, and Owens Corning are
the major companies operating in North America Biocomposites Market.
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