Green Composites Market Research Report- Global Forecast till 2030

Green Composites Market Research Report 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 2030

ID: MRFR/CnM/2675-HCR | 140 Pages | Author: Priya Nagrale | December 2023         

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Green Composites Market Overview


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. 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.


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.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.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


Intended Audience:



  • Green Composites manufacturers

  • Traders and distributors of Green Composites

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   6.40%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Fibers Type, Wood Fibers, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.
  Key Market Opportunities   Reducing natural resources like crude oil, focus on reducing environmental pollution, and utilization of agricultural waste
  Key Market Drivers   Increasing concern for environment including reducing pollution level and producing eco-friendly products.




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 2020 to 2030

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.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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