richa sharma July 8, 2022

North America Biocomposites Market News

Impact of COVID on North America Biocomposites Market: The Biocomposites market suffered a lot during the Covid-19 pandemic because of huge decrease in demand from the end user industries. A slowdown in construction and building operations, the major industry contributing to the use of Biocomposites, affected the market negatively. The unavailability of construction workers also had a negative impact because biofibers and biocomposites mostly find applications in building physical structures. The manufacturing activities were also halted as raw ingredients from far-flung sources could not be made available due to lack of transportation facilities and that affected the industry very badly.

Rising Prevalence of Biocomposites: Over the next few years, the Biocomposites market in North America is growing due to the stable long-term usage among end-user industries and government efforts for use of more eco-friendly products, especially in developed countries such as the US.  Consumer products such as music instruments, furniture, tables, combs, and trays are made from wood and natural fiber plastic granulates.

Surging Demand for Hybrid Biocomposites: Hybrid composites products segment is the fastest growing product segment in the global biocomposites market. The high market share is attributed to their good fiber-polymer adhesion resulting in low moisture absorption, high strength and dimensional stability.

Analysts at Ken Research in their latest publication North America Biocomposites Market Outlook and Forecast to 2027 – Driven by Rise in Demand for Eco Friendly and Durable Manufacturing Materialsbelieve that the Biocomposites Market is expected to grow owing to the rising awareness among people regarding eco-friendly materials and government efforts to replace plastics with biodegradable and environmentally favorable alternatives.

north-america-biocomposites-industry

Key Segments Covered in North America Biocomposites Market:-

North America Biocomposites Market By Product Type

Hybrid Biocomposites

Green Biocomposites

North America Biocomposites Market By Fiber Type

Wood Fiber Composites

Non-wood Fiber Composites

North America Biocomposites Market By Polymer Type

Natural Polymer Composites

Synthetic Polymer Composites

North America Biocomposites Market By Type of End User Industry

Automobile & Transportation

Building & Construction

Consumer Goods

Electrical & Electronics

Aerospace & Defense

North America Biocomposites Market By Geography and Major Countries

USA

Canada

Mexico

Key Target Audience:-

Biocomposites Manufacturers

Bio-pellet Manufacturers

Composites Manufacturers

Plastics Manufacturers

Chemicals Manufacturers

Petrochemicals & Resins Manufacturers

Primary Biocomposites Fiber Farming Organizations

Automobile Component Manufacturing Companies

Building & Construction Materials and Products Manufacturing Companies

Electrical & Electronics Components Manufacturers

Military Defense Components Manufacturers

Aerospace Components manufacturer

Potential Investors in Biocomposites Industry

Allied/Auxiliary Industries in Biocomposites Market

Biocomposites Wholesalers and Distributors

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Major Biocomposites Product Companies in North America Mentioned in the Report:-

Lingrove

MCG BioComposites

Trex

FlexForm Technologies

Fiberon

Tekle Technical Services Inc.

DuxxBak

BioComposites Group

The AZEK Company

Universal Forest Products Inc.

NewTechWood

Owens Corning

Notable Emerging Biocomposites Product Companies in North America Mentioned in the Report:-

Primitives

RWDC Industries

NovolBio

Anomera

Bast Fibre Technologies

Natural Fibre Technologies

Safran Aero Composites

CompositeTechs, LLC

Key Topics Covered in the Report:-

Snapshot of North America Biocomposites Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Biocomposites Market

Historic Growth of Overall North America Biocomposites Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Biocomposites Industry

Overview, Product Offerings, and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Biocomposites Market

Future Market Forecast and Growth Rates of the Total North America Biocomposites Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Biocomposites Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Biocomposites Companies within Each Major Country

For more information on the research report, refer to below link:

https://www.kenresearch.com/business-research/north-america-biocomposites-market-outlook-and-forecast-to-2027/

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Frequently Asked Questions:-

What is the Study Period of this Market Report?

The North America Biocomposites Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

What is the Future Growth Rate of North America Biocomposites Market?

The North America Biocomposites Market is expected to witness a CAGR of above 12% over the next 5 years.

What are the Key Factors Driving the North America Biocomposites Market?

Rising number of millennial parents who are increasingly health conscious and adopting natural, minimally processed food is expected to be the primary driver of this market.

Which is the Fastest Growing Product Segment within the North America Biocomposites Market?

Natural Polymer Composites is the fastest growing product segment within the North America Biocomposites Market.

Who are the Key Players in North America Biocomposites Market?

Lingrove, MCG BioComposites, Trex, FlexForm Technologies, Tekle Technical Services Inc., DuxxBak, BioComposites Group, The AZEK Company, Universal Forest Products Inc., NewTechWood, and Owens Corning are the major companies operating in North America Biocomposites Market.

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