Government efforts to replace plastics with biodegradable and environmentally favorable alternatives will be the Future Catalyst for Biocomposites Market in North America: Ken Research

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• 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.
• With growing technical breakthroughs aimed at discovering novel composite materials and new uses, as well as investment in research and commercialization of final goods.
• 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.

Government support for use of bio-based composites: Growing environmental awareness and growing global waste problems are making governments aware of environmental hazards and encouraging them to support innovation and commercialization of the use of bio-based composites.

Shift towards composites derived from natural sources: 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.

North America Biocomposites Market

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.

Increasing variety of ingredients for bio composites: Natural fiber is made from plants and cellulose. Bio-based materials are low in weight, offer damping and impact absorption, and have certain health advantages due to the presence of natural fibers. There has been a noticeable increase in the variety of ingredients that are typically used in the biocomposites market including hemp, jute and flax are popular natural fibers used in biocomposites.  The fact that biocomposites have a lower environmental effect than glass fiber is one of the primary factors propelling the worldwide biocomposites market ahead. The global need for high-performance engineered goods derived from natural resources is increasing.

Analysts at Ken Research in their latest publication “North America Biocomposites Market Outlook and Forecast to 2027 – Driven by Rise in Demand of Eco Friendly and Durable Manufacturing Materials: Ken Research” believe that the Biocomposites market is expected to grow on the basis of rapid rise in adoption of these solutions due to their affordability & flexibility to meet varying needs of different industry users.

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

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: -

Global Bio-Adhesive Market Outlook to 2022 – by Product (Hyaluronic Based, Fibrin Based, Mixed Polymer, Copolymer, Synthetic Adhesive, Other Bioadhesives) and by Application (Medical, Packaging, Wood, Construction, and Personal care)

India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

North America (USA, Canada, Mexico) Biocomposites Market Outlook and Forecast to 2027: Ken Research

 The report titled publication “North America Biocomposites Market Outlook and Forecast to 2027 - Driven by Rise in Demand for Eco Friendly and Durable Manufacturing Materials” provides a comprehensive analysis of the North America Biocomposites Market. The report provides industry size basis revenue and value chain analysis, market segmentation based on Fiber Type, Polymer Type, Product Type, Type of End User Industry, competition benchmarking, COVID impact, future projections and trends, drivers & challenges.  It also provides the market by Revenue of the major countries in the North America region and also provides the country-level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.

To learn more about this study - Request for Free Sample Report

North America Biocomposites Market Outlook, Drivers, and Challenges

Over the next five years, the Biocomposites market in North America is forecasted to grow at least 12% CAGR, owing 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 the USA.

Consumer products such as music instruments, casings and cases, furniture, tables, toys, combs, and trays are made from wood and natural fiber plastic granulates. Customer preferences for these products due to their distinct appearance and feel, great quality, and value will help the Biocomposites market to grow. The Biocomposites market is also expected to grow because of the consistent growth in traditional industries such as construction and automotive. The increased adoption as well as robust growth in newer industries such as consumer products & packaging, aerospace & defense, and wind energy is going to contribute to the market’s growth in the future.

To learn more about this study - Request for Free Sample Report

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

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

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

For more information on the research report, refer to below link:-

North America Biocomposites Industry

Related Reports:-

Global Bio-Adhesive Market Outlook to 2022 - by Product (Hyaluronic Based, Fibrin Based, Mixed Polymer, Copolymer, Synthetic Adhesive, Other Bioadhesives) and by Application (Medical, Packaging, Wood, Construction, and Personal care)

India Adhesives Market Outlook to FY’2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth

Contact Us:-

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.

North America Biocomposites Market by Fiber, by Polymer, by Product, by End-user Industries, and Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research

 Biocomposites Market Definition and Overview

Biocomposites are biocompatible and/or environmentally friendly composite materials produced by the reinforcement of natural fibers with a polymer resin. Natural and manufactured polymers, polysaccharides, proteins, sugars, ceramics, metals, and nanocarbons are among the organic and inorganic components found in these. Films, membranes, moldings, coatings, particles, fibers, and foams are examples of Biocomposites in various forms. Several research efforts have been conducted by companies to produce eco-friendly composite and/or biomedical materials for application in the disciplines of sensors, tissue engineering, implants, and scaffolds, in addition to studies aiming at enhancing fundamental mechanical characteristics and functions of the materials.

Bio-based polymers, plastics, and Biocomposites can provide more environmentally friendly products with a smaller carbon footprint. They can also help the environment by reducing or eliminating microplastic emissions if a biodegradable plastic matrix is used. Biocomposites can also provide unique features such as increased stiffness and strength. Fully bio-based and biodegradable solutions are available when biodegradable polymers are used.

North America Biocomposites Market Outlook, Drivers and Challenges

Over the next five years, the Biocomposites market in North America is forecasted to grow at least 12% CAGR, owing 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 U.S.

Consumer products such as music instruments, casings and cases, furniture, tables, toys, combs, and trays are made from wood and natural fiber plastic granulates. Customer preferences for these products due to their distinct appearance and feel, great quality and value will help the Biocomposites market to grow. The Biocomposites market is also expected to grow because of the consistent growth in traditional industries such as construction and automotive. The increased adoption as well as robust growth in newer industries such as consumer products & packaging, aerospace & defense, and wind energy is going to contribute to the market’s growth in the future.

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Extruded Biocomposites have traditionally been used for decking, fence, and cladding. Wood plastic composites (WPC) and natural fiber composites (NFC) are currently gaining significant interest for a variety of applications because of recent improvements in injection molding and 3D printing.

Inconsistency in material performance and higher cost of the Biocomposites as compared to glass fibers are some restraints for the market. Also, the current dominance of glass fiber and carbon fiber in the composite industry is a challenge for the industry. Biocomposites are largely dependent on the availability and quality of the natural fibers acquired and hence maintaining uniformity in the production process and improving mechanical performance are challenges for the core end user industries such as building and construction.

North America Biocomposites Market Value Chain Analysis

The North America Biocomposites market value chain consists of natural raw material providers which provide the fibers such as jute, hemp, kenaf, flax, etc. The Bio-plastic pellet producers process and refine these raw materials with synthetic composites to provide their goods as bio-plastic pellets. The Biocomposites product manufacturers make the shape of the package and define its properties for further usage by utilizing various technologies. The product manufacturers then supply these products to the distributors / retailers which make it available to the end user industries.

North America Biocomposites Market Segmentation

The North America Biocomposites market can be segmented into two categories based on the Fiber type such as Wood Fiber Composites and Non-wood Fiber Composites. Based on the Polymer type, the North America Biocomposites market can be segmented into two categories namely Natural Polymer Composites and Synthetic Polymer Composites. By Product, the market can be categorized as Hybrid Biocomposites and Green Biocomposites. From the demand side, the market can be segmented based on end-user industries such as Automobile & Transportation, Building & Construction, Consumer Goods, Electrical & Electronics and Aerospace & Defense. Geographically, the major countries in the North America are U.S., Canada and Mexico.

North America Biocomposites Market Competitive Landscape of Major Players

Some key players in the North America Biocomposites Market include TTS, Lingrove, MCG Biocomposites, FlexForm Technologies, Green Bay Decking, Fiberon, and Trex Company, Inc.

Impact of Covid-19 on North America Biocomposites Market

The Biocomposites market suffered a lot during the Covid-19 pandemic because of huge decrease in demand from the end user industries. A slowdown in construction and building operations, the major industry contributing to the use of Biocomposites, affected the market negatively. The unavailability of construction workers also had a negative impact because biofibers and biocomposites mostly find applications in building physical structures. The manufacturing activities were also halted as raw ingredients from far-flung sources could not be made available due to lack of transportation facilities and that affected the industry very badly.

Key Segments Covered in North America Biocomposites Market

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 Product Type

Hybrid Biocomposites

Green Biocomposites

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

U.S.

Canada

Mexico

Key Competitors in North America Biocomposites Market:-

TTS

Lingrove

MCG Biocomposites

FlexForm Technologies

Green Bay Decking

Fiberon

Trex Company, Inc.

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027

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

For any queries or feedback, reach out to the author at Support@kenresearch.com

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249