Market Overview:
The global biocomposite materials market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for biocomposite materials from various end-use industries, such as medical, chemical, aerospace, military applications, construction and packaging. In addition, the growing awareness about the benefits of using biocomposites over traditional composites is also contributing to the growth of this market. Based on type, polymer base biocomposite materials are expected to account for a major share of the global biocomposite materials market in 2018. This can be attributed to their high strength-to-weight ratio and excellent thermal and electrical insulation properties. Based on application, medical industry is projected to be one of the fastest growing segments during the forecast period owing to its increasing demand for implants and prosthetics made from biofriendly materials.
Product Definition:
Definition: A biocomposite material is a composite made from natural materials. The term is often used to describe composites made from plant-based or agricultural materials.
Usage: Biocomposite materials have many important applications, including in the automotive, construction, and packaging industries. They are also being explored for use in medical implants and other biomedical applications.
Polymer Base Biocomposite Materials:
Polymer base biocomposite materials are synthetic polymers, which are used as a reinforcement in biopolymers. These materials have high impact strength and wear resistance. Polymer base biocomposites can be manufactured by using various processes such as injection molding, extrusion blow molding, and cast film process. The polymer base is first blended with reinforcing agents (organic fibers or glass fibers) to produce a homogenous material that has uniform properties across the entire mass.
Metal Base Biocomposite Materials:
Metal base biocomposite materials are composite materials made by the physical or chemical binding together of two or more elements which may be metal oxides and non-metal oxides. The most common example of metal base biocomposites is probably stainless steel wool, but other examples could be copper, brass, aluminum alloys etc.
Metal base biocomposites have a wide range of applications in various end-use industries such as medical & healthcare.
Application Insights:
The chemical industry emerged as the largest application segment and accounted for a revenue share of 29.1% in 2017. The growth can be attributed to increasing demand for biocomposites in various chemicals, such as polymers with ceramic, metal or carbon base, which offer enhanced mechanical strength and thermal stability at reduced weight compared to conventional materials. In addition, these composites reduce energy consumption during production by approximately 20%. Biocomposites are also used in filters & membranes that are used across multiple applications including water treatment and air filtration systems.
Medical industry is expected to grow at a significant rate over the forecast period owing to rising product demand from several medical devices such as stents & pacemakers that use heart muscles cells for their function.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as medical, chemical, construction, automotive and aerospace. In addition, favorable regulatory policies are also anticipated to drive industry expansion over the next eight years.
The Asia Pacific is characterized by rapidly growing economies such as China and India that have a high potential for market development owing to increasing industrialization along with supportive government initiatives aimed at promoting domestic manufacturing activities within these countries. These factors are expected to boost product demand in packaging applications during the forecast period.
Europe accounted for a significant share of revenue generation in 2017 due to rapid growth witnessed by key markets including Germany, France.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Growing awareness about the benefits of biocomposite materials over traditional materials
- Rising R&D investments for developing innovative biocomposite products
- Growing number of collaborations and partnerships among market players to capitalize on new opportunities
- Increasing government initiatives and funding for promoting the use of biocomposites
Scope Of The Report
Report Attributes
Report Details
Report Title
Biocomposite Materials Market Research Report
By Type
Polymer Base Biocomposite Materials, Metal Base Biocomposite Materials, Ceramic Base Biocomposite Materials
By Application
Medical Industry, Chemical Industry, Aerospace, Military Applications, Construction, Packaging, Other
By Companies
Owens Corning, Toray Industries, Inc., Hexcel Corporation, Flexform Technologies, Technaro GmbH, Procotex SA Corporation NV, Greengran BV, JEC Group, Cardboard Composite Materials, Owens Corning
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Biocomposite Materials Market Report Segments:
The global Biocomposite Materials market is segmented on the basis of:
Types
Polymer Base Biocomposite Materials, Metal Base Biocomposite Materials, Ceramic Base Biocomposite Materials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Industry, Chemical Industry, Aerospace, Military Applications, Construction, Packaging, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Owens Corning
- Toray Industries, Inc.
- Hexcel Corporation
- Flexform Technologies
- Technaro GmbH
- Procotex SA Corporation NV
- Greengran BV
- JEC Group
- Cardboard Composite Materials
- Owens Corning
Highlights of The Biocomposite Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer Base Biocomposite Materials
- Metal Base Biocomposite Materials
- Ceramic Base Biocomposite Materials
- By Application:
- Medical Industry
- Chemical Industry
- Aerospace
- Military Applications
- Construction
- Packaging
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biocomposite Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biocomposite materials are a type of composite material that is made up of two or more different types of materials. These materials can be natural or synthetic, and they can be combined in many different ways to create unique products. Biocomposite materials are often used in applications where traditional composites would not be suitable, such as when the weight or stiffness requirements are too high.
Some of the major companies in the biocomposite materials market are Owens Corning, Toray Industries, Inc., Hexcel Corporation, Flexform Technologies, Technaro GmbH, Procotex SA Corporation NV, Greengran BV, JEC Group, Cardboard Composite Materials, Owens Corning.
The biocomposite materials market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biocomposite Materials Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Biocomposite Materials Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Biocomposite Materials Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Biocomposite Materials Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Biocomposite Materials Market Size & Forecast, 2020-2028 4.5.1 Biocomposite Materials Market Size and Y-o-Y Growth 4.5.2 Biocomposite Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polymer Base Biocomposite Materials
5.2.2 Metal Base Biocomposite Materials
5.2.3 Ceramic Base Biocomposite Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Industry
6.2.2 Chemical Industry
6.2.3 Aerospace
6.2.4 Military Applications
6.2.5 Construction
6.2.6 Packaging
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biocomposite Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biocomposite Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polymer Base Biocomposite Materials
9.6.2 Metal Base Biocomposite Materials
9.6.3 Ceramic Base Biocomposite Materials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Industry
9.10.2 Chemical Industry
9.10.3 Aerospace
9.10.4 Military Applications
9.10.5 Construction
9.10.6 Packaging
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polymer Base Biocomposite Materials
10.6.2 Metal Base Biocomposite Materials
10.6.3 Ceramic Base Biocomposite Materials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Industry
10.10.2 Chemical Industry
10.10.3 Aerospace
10.10.4 Military Applications
10.10.5 Construction
10.10.6 Packaging
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polymer Base Biocomposite Materials
11.6.2 Metal Base Biocomposite Materials
11.6.3 Ceramic Base Biocomposite Materials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Industry
11.10.2 Chemical Industry
11.10.3 Aerospace
11.10.4 Military Applications
11.10.5 Construction
11.10.6 Packaging
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polymer Base Biocomposite Materials
12.6.2 Metal Base Biocomposite Materials
12.6.3 Ceramic Base Biocomposite Materials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Industry
12.10.2 Chemical Industry
12.10.3 Aerospace
12.10.4 Military Applications
12.10.5 Construction
12.10.6 Packaging
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polymer Base Biocomposite Materials
13.6.2 Metal Base Biocomposite Materials
13.6.3 Ceramic Base Biocomposite Materials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Industry
13.10.2 Chemical Industry
13.10.3 Aerospace
13.10.4 Military Applications
13.10.5 Construction
13.10.6 Packaging
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biocomposite Materials Market: Competitive Dashboard
14.2 Global Biocomposite Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Owens Corning
14.3.2 Toray Industries, Inc.
14.3.3 Hexcel Corporation
14.3.4 Flexform Technologies
14.3.5 Technaro GmbH
14.3.6 Procotex SA Corporation NV
14.3.7 Greengran BV
14.3.8 JEC Group
14.3.9 Cardboard Composite Materials
14.3.10 Owens Corning