Green Composites Market Research Report- Global Forecast till 2027

Global Green Composites Market Information-by Fibers Type (Non-Wood Fibers (Polyethylene, Polypropylene, Polyvinyl Chloride, and others), Wood Fibers (Jute, Hemp, Kenaf, Sisal, Coir, and others), by Application (Automotive & Transportation, Aerospace, Healthcare, Military, Construction, Packaging and others), by Region - Forecast till 2027

ID: MRFR/CnM/2675-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Green Composites Market:


Green composites, often referred to as bio composites, are made from bipolar matrix and reinforcement of natural fibers. Natural fibers used in green composites includes jute, wood flour, sugarcane bagasse, oil palm fiber, and rice husk. The matrix used in green composites is essential to protect the fibers from environmental degradation, mechanical damage, to hold together and to transfer the loads on it. More importantly, green composites are highly biodegradable, reasonable and recyclable as compared to petroleum based composites. 


Global green composites market is growing with a massive growth rate over the years, and it is anticipated to same growth in the years to come. These composites are applicable in various industries including automotive, construction, aerospace, packaging, healthcare and others. Major market driver for green composites market is increasing concern for environment including reducing pollution level and producing eco-friendly products. This has led to increasing adoption of these composites in various industries by contributing significantly in global market growth. Reducing natural resources like crude oil, focus on reducing environmental pollution, and utilization of agricultural waste have created need for green composites by generating strong demand. Automakers are currently shifting towards green composites as natural fibers are tougher than steel and also cost-effective in terms of production. This has made green composites highly preferable in automotive industry and has contributed to global market growth. Apart from this, green composites are easily moldable and rigid in nature due to which they are highly adopted by construction and marine industry. Consequently, growing construction and marine industry have registered significant demand for these composites. Nevertheless, combination of natural fibers and composites can reduce dependence on petroleum based composites material. This in turn will uncover massive growth opportunities for global green composites market throughout the forecast period.


Regional Analysis:


As of 2016, Asia Pacific is one of the largest and dominant markets for green composites and accounts for 43% of global market shares. The region expected to emerge as manufacturing hub for green composites in near future, due to India and China being one of the leading manufacturers of these composites. As green composites are largely used in automotive industry owing to its high biodegradability and recyclability, the flourishing automotive industry in this region has generated robust demand for these composites. Construction activities in Asia Pacific is anticipated to drive regional growth on account of huge investment by government in constructional projects. North America stands second in the global green composites market followed by Europe region. Stringent environmental regulation in both of these regions have driven strong demand for green composites. Construction Industry in Europe is anticipated to have enhanced gains in terms of regional growth, due to rising residential and non-residential projects directed by European government. On the other hand, Latin America has shown surprising growth over the past few years.  This is due to favorable government policies, growth in construction industry and economic development in country like Brazil.


Segmentation:


The global green composites market is majorly segmented on the basis of fiber type, application, and regions. Market segmentation based on type of fibers include wood and non-wood fibers. Wood fiber further sub-segmented into jute, hemp, kenaf, sisal, coir, and others. Non-wood fibers into polyethylene, polypropylene, polyvinyl chloride, and others. Based on the application, global market has been segmented into automotive & transportation, aerospace, healthcare, military, construction, packaging and others. Geographically, the global market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa


Key Players:


Key players of the global green composites are Flex Form Technologies (U.S.), TECNARO GMBH (Germany), Procotex SA Corporation NV (Belgium), GreenGran BN (The Netherlands), UPM Biocomposites (Germany), MCG Biocomposites LLC. (U.S.) and ALPAS srl (Italy) and others.


Intended Audience:



  • Green Composites manufacturers

  • Traders and distributors of Green Composites

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :


The global green composites market is driven the need for sustainable materials for production and manufacture.

Construction and marine sectors are expected to drive up growth opportunities for the global green composites market.

The APAC region is deemed to dominate the global green composites market from 2016 to 2023.

North America has grabbed the second position in the global green composites market due to strict regulations pertaining to the environment by federal agencies.

ALPAS srl, UPM Biocomposites, Procotex SA Corporation NV, GreenGran BN, MCG Biocomposites LLC., Flex Form Technologies, TECNARO GMBH, and others are major players of the global green composites market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Green Composites Market

5 Industry Overview of Global Green Composites Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Green Composites Market by Region

8. Global Green Composites Market by Fiber type (Wood Fibers (jute, hemp, kenaf, sisal, coir, and others) and Non-wood Fibers (polyethylene, polypropylene, polyvinyl chloride, and other))

9. Global Green Composites Market by Application (automotive & transportation, aerospace, healthcare, military, construction, packaging and others (marine))

10. Company Landscape

11. Company Profiles

11.1 Flex Form Technologies

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 TECNARO GMBH

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Procotex SA Corporation NV

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 GreenGran BN

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 UPM Biocomposites

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 MCG Biocomposites LLC

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 ALPAS srl

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

12 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020-2027)

Table 2 Global Green Composites Market: By Region, 2020-2027

Table 3 North America Green Composites Market: By Country, 2020-2027

Table 4 Europe Green Composites Market: By Country, 2020-2027

Table 5 Asia-Pacific Green Composites Market: By Country, 2020-2027

Table 7 Middle East & Africa Green Composites Market: By Country, 2020-2027

Table 6 Latin America Green Composites Market: By Country, 2020-2027

Table 8 Global Green Composites by Fiber Type Market: By Regions, 2020-2027

Table 9 North America Green Composites by Fiber Type Market: By Country, 2020-2027

Table 10 Europe Green Composites by Fiber Type Market: By Country, 2020-2027

Table 11 Asia-Pacific Green Composites by Fiber Type Market: By Country, 2020-2027

Table 13 Middle East & Africa Green Composites by Fiber Type Market: By Country, 2020-2027

Table 12 Latin America Green Composites by Fiber Type Market: By Country, 2020-2027

Table 14 North America Green Composites for Application Market: By Country, 2020-2027

Table 13 Europe Green Composites for Application Market: By Country, 2020-2027

Table 14 Asia-Pacific Green Composites for Application Market: By Country, 2020-2027

Table 16 Middle East & Africa Green Composites for Application Market: By Country, 2020-2027

Table 15 Latin America Green Composites for Application Market: By Country, 2016-2023

Table 23 Global Fiber Type Market: By Region, 2020-2027

Table 24 Global Application Market: By Region, 2020-2027

Table 25 North America Green Composites Market, By Country

Table 26 North America Green Composites Market, By Fiber Type

Table 27 North America Green Composites Market, By Application

Table 28 Europe: Green Composites Market, By Country

Table 29 Europe: Green Composites Market, By Fiber Type

Table 30 Europe: Green Composites Market, By Application

Table 31 Asia-Pacific: Green Composites Market, By Country

Table 32 Asia-Pacific: Green Composites Market, By Fiber Type

Table 33 Asia-Pacific: Green Composites Market, By Application

Table 34 Middle East & Africa: Green Composites Market, By Country

Table 35 Middle East & Africa Green Composites Market, By Fiber Type

Table 36 Middle East & Africa: Green Composites Market, By Application

Table 37 Latin America: Green Composites Market, By Country

Table 38 Latin America Green Composites Market, By Fiber Type

Table39 Latin America: Green Composites Market, By Application



LIST OF FIGURES

FIGURE 1 Global Green Composites Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Green Composites Market

FIGURE 4 Value Chain of Global Green Composites Market

FIGURE 5 Share of Global Green Composites Market in 2020, by country (in %)

FIGURE 6 Global Green Composites Market, 2020-2027, (USD billion)

FIGURE 7 Sub-segments of Applications

FIGURE 8 Global Green Composites Market size by Fiber type, 2020

FIGURE 9 Share of Global Green Composites Market by Fiber type, 2020-2027

FIGURE 10 Global Green Composites Market size by Application, 2020

FIGURE 11 Share of Global Green Composites Market by Application, 2020-2027