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The Global Biocomposite Market Is Expected To Grow With A Cagr Of 15.4% From 2024 To 2030
According to a market report by Lucintel, the future of the global biocomposite market looks promising with opportunities in the building & construction, transportation, and consumer good markets. The global biocomposite market is expected to reach an estimated $80.2 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are rising usage of bio-based products and growing environmental awareness.
In this market, hybrid and green are the major segments of biocomposite market by product type.
Lucintel forecasts that hybrid will remain the larger segment over the forecast period due to its excellent fiber-polymer adhesion leading to high strength, dimensional stability, and minimal moisture absorption.
Within this market, building & construction will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period due to increasing demand for lightweight automobile parts and presence of key players in the region.
TTS, Lingrove, CG BioComposites, Bcomp, UPM, FlexForm Technologies, Tecnaro, Green Bay Decking, ...
... Universal Forest Fiber, and Trex are the major suppliers in the biocomposite market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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