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.
GURUGRAM, India , Aug. 5, 2022 /PRNewswire/ -- 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.
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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
North America Biocomposites Market By Fiber Type
North America Biocomposites Market By Polymer Type
North America Biocomposites Market By Type of End User Industry
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North America Biocomposites Market By Geography and Major Countries
Primary Biocomposites Fiber Farming Organizations
Building & Construction Materials and Products Manufacturing Companies
Electrical & Electronics Components Manufacturers
Potential Investors in Biocomposites Industry
Allied/Auxiliary Industries in Biocomposites Market
Time Period Captured in the Report:-
Major Biocomposites Product Companies in North America Mentioned in the Report:-
Notable Emerging Biocomposites Product Companies in North America Mentioned in the Report:-
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
Covid-19 Impact North America Biocomposites Industry
Covid-19 Impact Canada Biocomposites Industry
Covid-19 Impact Mexico Biocomposites Market
Green Bay Decking Biocomposites Market
Trex Company Inc Biocomposites Market
Lingrove LLC (U.S.) Biocomposites Market
The Azek Company Biocomposites Market
Universal Forest Products Biocomposites Market
Bast Fibre Technologies Biocomposites Market
Natural Fibre Technologies Biocomposites Market
Safran Aero Composites Biocomposites Market
Acrylonitrile Butadiene Styrene Biocomposites Market
Empty Fruit Bunch Biocomposites Market
For more information on the research report, refer to below link:-
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)
Globally the market for sustainable and eco-friendly adhesive is on rise. This factor has given a substantial thrust to the demand for bio-adhesives in the global market. The market for global bio-adhesives has registered a five year double digit CAGR during 2012-2017. It was mainly driven by demand for medical adhesives used in surgery and rising demand in packaging and engineered wood industry. Products are still in the development stage and market is expected to register significant growth in years to come.
India Adhesives Market Outlook to FY'2026: Surging Demand for Water Based Adhesives in the Growing Wood Working Industry to Influence Market Growth
India adhesives market showcased a stagnant growth rate in the last few years and recorded a CAGR of 7.5% during FY'15-FY'20. Surging demand for water based adhesives in India is contributing to the growth of the adhesives industry in India . Government initiatives such as Make in India and Smart Cities projects are contributing to adhesive market growth. There is significant demand from the Western Region of India . Fluctuating raw material prices (VAM), which move in tandem with crude oil prices, high setup costs and high R&D expenditure required in the adhesives market is posing as a challenge to the adhesives industry in India . Global companies are expanding their presence to target a larger target audience across India . The market witnessed a decline in the demand for adhesives during the Q2 of 2020 owing to COVID-19 situation.
Contact Us:- Ken Research Ankur Gupta , Head Marketing & Communications Support@kenresearch.com +91-9015378249
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 Biocoposites 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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