Global Biocomposites Market – Industry Trends and Forecast to 2029

바이오 복합재 시장 분석 및 규모

바이오 복합소재는 폴리머 매트릭스에 대마, 목재 및 종이 산업 폐기물, 황마, 아마와 같은 천연 섬유 로 구성됩니다 . 이러한 복합소재는 건설에서 포장, 자동차에 이르기까지 여러 산업에서 많은 응용 분야가 있습니다. "비목재 섬유"는 높은 비강도, 낮은 밀도, 낮은 비용, 우수한 기계적 특성, 생분해성, 친환경성 및 비마모성으로 인해 예측 기간 동안 가장 빠르게 성장하는 섬유 유형 세그먼트입니다. 지속 가능한 건축 자재와 플라스틱 복합소재의 대체품에 대한 수요가 증가하고 있습니다. 따라서 환경 친화적인 특성을 가진 바이오 복합소재가 인기 있는 건축 자재로 부상했습니다. 또한 엄격한 환경 규제가 2022-2029년 예측으로 인해 바이오 복합소재 시장의 성장을 촉진할 것으로 예상됩니다. 

Data Bridge Market Research는 바이오 복합재 시장이 예측 기간 동안 16.50%의 CAGR을 경험할 것으로 분석합니다. 이는 2021년에 244억 달러였던 시장 가치가 2029년까지 827억 9천만 달러로 치솟을 것임을 나타냅니다. 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화

시장 정의

바이오 복합재는 친환경적이고 생체적합성이 있는 복합재로 정의됩니다. 여기에는 폴리사카라이드, 세라믹, 금속, 단백질, 당, 나노카본과 같은 다양한 무기 및 유기 성분이 포함됩니다. 바이오 복합재는 코팅, 입자, 섬유, 필름, 멤브레인, 몰딩 및 폼과 같은 여러 형태로 존재합니다.

바이오 복합재 시장 동향

운전자

• 자동차 산업에서 생체 복합재에 대한 수요 증가

자동차 제조업체는 주로 바이오 복합소재를 사용하여 자동차의 외장 및 내장 부품을 만듭니다. 다양한 유형의 바이오 복합소재의 개발은 자동차 응용 분야에서 사용됩니다. 예를 들어, 환경 친화적 자동차 개발, 자동차 피스톤, 저속 충격 대응 및 중부하 자동차 응용 분야를 위한 안티롤 바 브레이크 마찰 재료, 바이오 복합소재 등이 바이오 복합소재 시장의 성장을 증가시킬 것으로 예상되는 주요 요인입니다.

• 방위 및 항공우주 분야에서 생체 복합재 수요 증가

항공우주 및 방위 부문의 바이오 복합소재에 대한 수요는 바이오 기반 제품에 대한 예외적인 수요를 창출할 것입니다. 현재 기간 동안 항공우주 시장에서 제품을 지탱할 수 있는 초첨단 복합소재가 필요한 항공우주 장비 제조를 위한 바이오 복합소재 사용이 급증하고 있으며, 이러한 모든 요인이 바이오 복합소재 시장의 탁월한 성장의 주요 원인으로 예상됩니다. 

Furthermore, the increase in the demand for eco-friendly and durable manufacturing materials is the major growth factor expected to drive the growth rate of the biocomposites market. Also, increasing awareness and stricter environmental laws regarding the use of sustainable building materials are expected to fuel the growth of the biocomposites market.

Opportunities

• Light weight and cost-effective nature of biocomposites

The growing application of biocomposites will create immense opportunities for the growth of the bio composites market and increase the adoption of biocomposites in several industries. Biocomposites have lightweight properties which increase the demand of this composites in the market. The bio composites material provides high performance and cost-effectiveness biocomposites which attract end-users and increase the adoption rate of this material. This biocmposites market will witness for the high development in upcoming years. 

Moreover, upsurge in the emerging new market and increase the number of strategic collaborations will also act as market drivers and further create useful opportunities for the market's growth rate.

Restraints/Challenges

• Presence of substitutes

High availability of biocomposites substitutes in the market such as carbon fiber and glass fibers can restrain the growth of the market. The biocomposites have less strength as compared to carbon fiber and glass fiber composites. This is the major factor which is hindering the growth of the global Biocomposites market.

Moreover, less awareness regarding the potential benefits of biocomposites is a growth hindrance for the global biocomposites market. 

This biocomposites market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biocomposites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Biocomposites Market

The outbreak of coronavirus had an adverse impact on the biocomposites market. As a result of this pandemic, the government has implemented stringent global rules, which has severely affected the biocomposites market's growth. The primary users of biocomposites, such as automotive, construction, aerospace and other industries, have also shut down their manufacturing activities due to this declining demand of biocomposites globally. Also, the majority of biocomposites raw materials suppliers in this market has close down their operations and the major suppliers turned their priority to providing pandemic relief.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• October 2021, LANXESS launched Tepex line of continuous-fiber-reinforced thermoplastic composites which is the source of combine fabrics from natural flax fibers with bio-based polylactic acid, it is acting as matrix materials. This biocomposite has been formed by natural resources. The company has produced quality level product which is perfect for large-scale manufacturing. These biocomposites can be easily recycled to thermoplastic systems. These biocomposite can be used in electronics for producing housing components and in cars for producing interior parts, and more.
• October 2021, Retrac Group, which is a renowned composites specialist in the U.K., is planning to reveal a wide range of sustainable or natural bio-composites. The Retrac Future series includes five recycled or sustainable biocomposite materials which have higher sustainability with better performance.

Global Biocomposites Market Scope

The biocomposites market is segmented on the basis of type, process,  fiber type, polymer type, product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Structural
• Non-Structural

Process

• Compression Molding
• Injection Molding
• Resin Transfer Molding
• others

Fiber Type

• Wood Fiber
• Non-wood Fiber

Polymer Type

• Synthetic
• Natural

 Product

• Hybrid
• Green

End user

• Building and Construction
• Transportation
• Consumer Goods

Biocomposites Market Regional Analysis/Insights

The biocomposites market is analysed and market size insights and trends are provided by type, process, fiber type, polymer type, product and end user as referenced above.

The countries covered in the biocomposites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the biocomposites market due to growing infrastructure development, rapid economic growth, and rising automobile sales and expansion of the automotive industry in this region.

North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 rapidly growing electric car industry and aircraft manufacturing in this region .

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Biocomposites Market Share Analysis

The biocomposites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biocomposites market.

Some of the major players operating in the biocomposites market are:

• UPM (Finland)
• Trex Company, Inc. (U.S.)
• Fiberon (U.S.)
• Flexform SpA (U.S.)
• UFP Industries, Inc., (U.S.)
• Meshlin Composites ZRT (Hungary)
• Tecnaro GmbH (Germany)
• Anhui Guofeng Wood-Plastic Composite Co., Ltd. (China)
• B.COMPOSITES PVT.LTD. (India)
• Green Dot Corporation (U.S.)
• Hualong New Material Lumber Co. Ltd. (China)
• Kudoti Pty Ltd (South Africa)
• Bcomp (Switzerland)
• Nanjing Xuha Sundi New Building Materials, Ltd. (China)
• Lingrove Inc, (U.S.)
• DEVOLD AMT (Norway)
• Taiyuan Heavy Industry Co.,Ltd (China)
• STRUCTeam (U.K.)
• RTP Company (U.S.)
• G. Angeloni s.r.l (Italy)
• Talon Technology Co.,Ltd (U.S.)
• Rock West Composites, Inc (U.S.)
• COLAN AUSTRALIA, (Australia)

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