North America Biocomposites Market News
Impact of COVID 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.
Rising Prevalence of Biocomposites: Over the next few years, the Biocomposites market in North America is
growing 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 the US.
Consumer products such as music instruments, furniture, tables, combs,
and trays are made from wood and natural fiber plastic granulates.
Surging Demand for Hybrid Biocomposites: Hybrid composites products segment is the fastest growing product segment
in the global biocomposites market. The high market share is attributed to
their good fiber-polymer adhesion resulting in low moisture absorption, high
strength and dimensional stability.
Analysts
at Ken Research in their latest publication “North America
Biocomposites Market Outlook and Forecast to 2027 - Driven by Rise in Demand for Eco Friendly and Durable Manufacturing
Materials” believe that the Biocomposites Market
is expected to grow owing to the rising awareness among people regarding
eco-friendly materials and government efforts to replace plastics with
biodegradable and environmentally favorable alternatives.
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
North America Biocomposites Market By Geography and Major
Countries
USA
Canada
Mexico
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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
Major Biocomposites Product Companies in North America
Mentioned in the Report:-
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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Notable Emerging Biocomposites Product Companies in North
America Mentioned in the Report:-
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:-
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.
