Biocomposite Market 2019 Manufacturers, Countries, Type and Application, Forecast to 2023

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Biocomposite Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Biocomposite Market Research Report- Forecast to
2023
Biocomposite Market - Overview
Biocomposite is a material formed by resin or
matrix reinforced by fibers such as jute, cotton,
hemp recycled wood, waste paper and flex among
others. Biocomposites can be manufactured using
various techniques including filament winding,
machine press, compression molding, injection
molding, extrusion, sheet molding, resin transfer
molding and winding. Biocomposite exhibit
essential properties such as high tensile
strength and low density among others which paves
the way into many end user industries. They are
also considered as an effective and ecofriendly
alternative for glass, carbon and other man-made
fiber composites. Moreover due to the cheap,
recyclable and biodegradable nature,
Biocomposites are gaining popularity in many
industrial sectors. The Biocomposite Market is
growing substantially in industrial as well as
household applications. The increasing
environmental awareness along with the depleting
natural resources are the major factor driving
the growth of the market throughout the globe. In
addition to this, the growing demand for
lightweight, low cost, environmental friendly,
and moisture resistance materials in the building
and construction industry is expected to
contribute significantly to the market growth.
The growing research and development activities
for the mass production of Biocomposites coupled
with increased adoption by the automobile
industry are other factors adding to the market
growth. The Global Biocomposite Market can be
segmented on the basis of fiber type, process
type, end-user industry and regions. On the basis
of fiber, the wood fiber segment is anticipated
to be the dominant segment and is expected to
show the same trend during the forecast years.
The growing demand for wood fiber in the form of
decking, fences, and railing in the construction
industry owing to its durability and low cost is
significantly adding to the growth of the
segment. On the basis of end-use industry
building and construction is expected to dominate
the segment. The market is estimated to
demonstrate a remarkable growth by 2023,
surpassing its previous growth records in terms
of value with a striking CAGR during the
estimated period (2017 2023). According to the
analysis of MRFR, the major market forces and
trends driving growth of the Global Biocomposite
Market includes growth of construction sector and
increasing application in the automobile
industry. Moreover, the growing government
expenditure in commercial and residential
infrastructure in the developing regions coupled
with growing number of automobile sales is adding
to the growth of the market. However, the
availability of substitutes, and volatile cost of
the product are some of the major down side of
the market.
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Biocomposite Market Research Report- Forecast to
2023
Segmental Analysis
The Global Biocomposite Market is segmented on
the basis of fiber type, process, end use
industry, and region. Based on Fiber Type, the
market is segmented into hemp, kenaf, flax, jute,
and others. On the basis of Process, the Global
Bicomposite Market is divide into compression
molding, injection molding, and others. Based
on End Use Industry, the market is segmented into
building construction, automotive, consumer
goods, and others. Geographically, the Global
Biocomposite Market is segmented into Asia
Pacific, North America, Europe, Middle East
Africa, and Latin America. Among them Asia
Pacific is estimated to grow at highest
CAGR. Get PDF Brochure for more Professional
Technical Industry Insights https//www.marketres
earchfuture.com/reports/biocomposite-market-4433

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Biocomposite Market Research Report- Forecast to
2023
Regional Outlook
The major regions in terms of markets size in
the Global Biocomposite Market are Asia Pacific,
North America, and Europe. Other regions include
Middle East Africa, and Latin America. Asia
Pacific is the largest market for synthetic
rubber holding over 50 of share of the Global
Biocomposite Market. The region has undertaken
expansion of its infrastructural projects which
is anticipated to propel the demand of
Biocomposite in this region. In addition to
construction, automobile industries in this
region is fethching the maximum demand in diverse
application. Following Asia Pacific, North
America is the second most significant region in
the Global Biocomposite Market. The growth of the
market in this region is attributed to
reconstruction activities and demand from
transportation sector, along with the sports and
aerospace industry. Major demand of Biocomposite
in the transportation sector in this region is
pulled by aircraft industry .Europe is another
substantial market in the Global Biocomposite
Market. Demand of the product in this region is
majorly driven by automotive industry and
building construction. Other regions in the
Global Biocomposite Market are Latin America and
Middle East Africa. Latin America, among them,
is estimated to grow at considerable CAGR owing
to availability of raw material and emerging end
use industry. The Middle East Africa has an
advantage of greater investment potential and
growth opportunities, which is expected help the
region to attain significant growth rate in
coming years.
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Biocomposite Market Research Report- Forecast to
2023
Major Players in this Research

• Biocomposite Market Prominent Players
• MCG BioComposites, LLC (U.S.)
• Anhui Guofeng Wood Plastic Composite Co., Ltd.
  (China)
• A.B.COMPOSITES PVT.LTD. (India)
• Green Dot Holding LLC (U.S.)
• Yixing Hualong New Material Lumber Co., Ltd.
  (China)
• Advanced Environmental Recycling Technologies,
  Inc.(U.S.)
• Bcomp Ltd.(Switzerland)
• Nanjing Xuha Sundi New Building Materials
  Co.,Ltd. (China)
• TTS.(Canada)
• Lingrove, LLC (U.S.)

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