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17th September 2018, US

Growth Opportunities in the Global Bio-Composites Market


Report summary

The future of the bio-composites market looks promising with opportunities in building and construction, automotive, industrial and consumer goods industries. The global bio-composites market is expected to reach an estimated US$ 7.6 billion by 2023 and is forecast to grow at a CAGR of 7.9% from 2018 to 2023. Some of the products made with bio-composites are decking, railing fencing, cladding, door panels, and dashboard.

The market for end products made with bio-composites is expected to reach an estimated US$ 12.2 billion by 2023. The major growth drivers for this market are increasing demand for Wood Plastic Composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of Natural Fibre Composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.

Emerging trends, which have a direct impact on the dynamics of the bio-composites industry, include the emergence of new applications, and government support to innovate and commercialize the use of bio-based composites.

A total of 138 figures/charts and 128 tables are provided in this 212 -page report to help in your business decisions.

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Growth Opportunities in the Global Bio-Composites Market

212 pages, print format

Publication date: May 2018

Publisher: Lucintel

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