Biocomposites Market Growth Scenario and Market Perspective with Study of Top Players & Revenue to Significant Growth Forecasts

In terms of application, the biocomposites market is categorized into construction, automotive, consumer goods, aerospace, packaging, medical, and others. Others include marine and transportation. In terms of volume, biocomposites is expected to witness fastest growth in aerospace application area, advancing at a CAGR of 13.6% during the forecast period. The production of aircraft is increasing owing to the increase in air travel and tourism across the world. This is driving the use of bio-based composites for aerospace application.

Traditionally, the demand for bio-based composites in military aviation was limited to the replacement of the metal parts of aircraft. However, due to their high mechanical, thermal, and chemical strength, composites materials now constitute a majority of airframe structure of a military aircraft. WPC are the majorly used materials in military aircraft.

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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.

Some of the major players operating in the global biocomposites market are Meshlin Composites ZRT, Alpas SRL, MCG Bio Composites LLC, Trex Company Inc., Flexform Technologies, Jelu-Werk J. Ehrler GmbH & Co. Kg, Green Bay Decking LLC, Universal Forest Products Inc., Fiberon LLC, and Tecnaro GmbH.