Tag Archives: Biocomposites Market Forecast

Biocomposites Industry 2019 Market Size, Share and Growth Analysis Research Report 2025

Market Research Future published a Half-Cooked Research Report on ****** Biocomposite Market – Forecast to 2025

****** Biocomposites Market is expanding is garnering increasing traction over the past few years. Biocomposites have emerged as a viable green alternative to carbon, glass, and man-made fiber composites. Besides, rising ecological concerns and awareness about environmentally sustainable technologies are driving a major part of the market growth. Moreover, the increasing consumption of biocomposites in the automotive industry is accelerating the market on a ****** level.

Biocomposites Market Competition, Concentration Rate, Production Status and Outlook Forecast to 2023

****** biocomposites market is projected to reach $8,473.4 million by 2023. The market growth is driven by growing demand for bio-based composites from construction and furniture industries.  Additionally, increasing demand for biodegradable, non-toxic, and moisture as well as thermal resistant materials in the building and construction is anticipated to drive the market in this region.

Based on type, the biocomposites market is categorized into structural and non-structural . Structural was the larger category in the market, contributing more than 50.0% revenue share in 2017. The larger share of the type is ascribed to wide range of application of structural bio-based composites in housing industry owing to their exceptional load bearing property.