North America Biocomposites market by Type of End User Industry
The North America Consumer Goods Industry is expected to grow at positive
CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. Many
companies are looking for more environmentally friendly materials to reduce
environmental pollution and costs, which is likely to boost the growth of the
market during the forecast period.
The building & construction segment accounted for the highest market
share in 2021, as over the past few years, a movement promoting green building
materials has acquired widespread notice. Recently, green buildings have been
designed to be cost-effective, ecologically friendly, and healthy places to
live and work.
The usage of biocomposites in the Automobile & Transportation segment
is expected to gain traction as it has superior acoustic and thermal qualities when
compared to composites made from non-renewable materials, which makes them
perfect for use in automotive interior components.
Competition Scenario In North America Biocomposites Market
The Competition is Highly Competitive or Fragmented. There are a few big
companies in North American biocomposites market
that offer a diverse range of products, however they are facing stiff
competition from other players who offer a limited range of specialized
products. Companies are competing on various parameters such as Partnerships,
New Products and offering comprehensive biocomposites solutions to all major
end user industries.
What is the Expected Future Outlook for the Overall Biocomposites in
North America?
The revenues generated by biocomposites market players in North America
are projected to augment to ~ by 2027 from ~ during 2022, registering a robust
CAGR of ~ during the same period. Rising awareness among people regarding
eco-friendly materials and government efforts to replace plastics with biodegradable
and environmentally favorable alternatives are major trends responsible for
market growth.
Furthermore, rising environmental concerns supported by the increasing
need for lowering emission levels is expected to provide a strong thrust to the
growth of the biocomposites market. Traditionally, plastic composites were
heavily used in various end-use industries. However, because of the
environmental impacts of these composites (carbon fiber and glass fiber), such
as air pollution, greenhouse gas (GHG) emissions and landfill issues,
researchers and scientists shifted towards composites derived from natural
sources.
Natural composites have many advantages over synthetic composites such as low cost, low environmental impact and high fiber content resulting in less pollution. Hence, due to the cheap, recyclable and biodegradable nature, consumer preference is shifting from plastic composites to eco-friendly composites, thus becoming the dominant trend in the biocomposites market.
Bio-composites are used in many industries and now new applications
emerging in various other industries. Plastic packaging is one of the latest
application trends for bio-based polymers. In combination with natural fibers,
they can offer excellent prospects for environmental marketing, particularly in
bio-cosmetic cans or packaging for bio-based detergents.
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
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North
America Biocomposites Market By Type of
End User Industry
Automobile &
Transportation
Building &
Construction
Consumer Goods
Electrical &
Electronics
Aerospace & Defense
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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