Product Code: AVM232B
The global market for bio-based composite materials is estimated to increase from $5.9 billion in 2023 to reach $9.0 billion by 2029, at a compound annual growth rate (CAGR) of 7.4% from 2024 through 2029.
The North American market for bio-based composite materials is estimated to increase from $2.5 billion in 2023 to reach $3.7 billion by 2029, at a CAGR of 6.8% from 2024 through 2029.
The Asia-Pacific market for bio-based composite materials is estimated to increase from $1.3 billion in 2023 to reach $2.2 billion by 2029, at a CAGR of 8.8% from 2024 through 2029.
Report Scope:
This report covers the composite types, resin types and fiber types of bio-based composite materials and associated end-use industries. Estimated values are based on manufacturers' total revenues. Projected revenue values are in constant U.S. dollars, unadjusted for inflation. The report also contains comprehensive information regarding bio-based composite materials and their users.
In this report, the global market for bio-based composite materials is divided into five segments -
- Type (wood fiber and non-wood fiber).
- Fiber type (wood fiber, hemp, flax and others).
- Resin type (polyethylene, polypropylene, polyvinyl chloride and others).
- End use (building and construction, transportation, industrial, consumer goods and others).
- Region (North America, Europe, Asia-Pacific and RoW).
Report Includes:
- 109 data tables and 55 additional tables
- An overview of the global market for bio-based composite materials
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecast for 2028, and projected CAGRs through 2029
- Estimates of the market size and revenue forecast, and a market share analysis by type, fiber type, resin type, end-use industry and region
- Facts and figures pertaining to market dynamics and technological trends
- A look at products in the pipeline
- Description of advanced manufacturing methods for nanocellulose materials and production process for thermomechanical pulp
- Discussion of sustainability trends, including consumer attitudes, companies' ESG rankings, case studies and the ESG practices of leading companies
- Analysis of the industry structure, including company market shares, recent M&A activity and venture funding
- Competitive intelligence on the leading companies' products, business strategies and financials
- Company profiles of major players within the industry, including UPM, UFP Industries Inc., Norske Skog, The Trex Co. Inc., and The Azek Co. Inc.
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Market Definition
- Importance of Bio-based Composite Materials
Chapter 3 Market Dynamics
- Market Dynamics Snapshot
- Market Drivers
- Greenfield Projects and Investment in Infrastructure
- Technological Advances in Bio-based Composite Materials
- Growing End-use Applications
- Market Restraints
- Lower Strength than Traditional Composites
- Lack of Awareness in Certain Economies
- Market Opportunities
- Transportation Industry
- Supportive Government Policies
- Market Challenges
- Processing and Manufacturing Challenges for Customized Grade
Chapter 4 Regulatory Landscape
Chapter 5 Emerging Technologies and Developments
- New and Emerging Technologies
- Thermomechanical Pulp
- Advanced Manufacturing Methods for Nanocellulose Materials
Chapter 6 Supply Chain Analysis
- Analysis of Supply Chain for Bio-based Composite Materials
Chapter 7 Market Segmentation Analysis
- Overview
- Segmentation Breakdown
- Market Analysis by Type
- Wood Fiber
- Non-wood Fiber
- Market Analysis by Resin Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl-Chloride (PVC)
- Other Resin Types
- Market Analysis by Fiber Type
- Wood Fiber
- Hemp
- Flax
- Other Fiber Types
- Market Analysis by End-Use Industries
- Building and Construction
- Transportation
- Industrial
- Consumer Goods
- Other Industries
- Geographic Breakdown
- Market Analysis by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 8 Competitive Intelligence
- Market Ranking Analysis
- Strategic Analysis
Chapter 9 Sustainability in the Global Bio-based Composite Material Market: ESG Perspective
- ESG in the Bio-based Composite Materials Industry
- ESG Ratings and Metrics: Understanding the Data
- ESG Practices in the Bio-based Composite Material Market
- Current Status of ESG in the Bio-based Composite Material Market
- Risk Scale, Exposure Scale and Management Scale
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks from BCC Research
Chapter 10 Appendix
- Methodology
- Information Sources
- References
- Abbreviations
- Company Profiles
- FIBERON
- FLEXFORM TECHNOLOGIES
- GREEN DOT BIOPLASTICS
- HUANGSHAN HUASU NEW MATERIAL SCIENCE & TECHNOLOGY CO. LTD.
- JELU-WERK J. EHRLER GMBH & CO. KG
- MESHLIN COMPOSITES ZRT.
- NORSKE SKOG
- PROCOTEX
- TECNARO GMBH
- THE AZEK CO. INC.
- TREX CO. INC.
- TTS
- UFP INDUSTRIES INC.
- UPM