Biocomposites Market Research Report, Trends, Analysis and Forecast to 2026

Biocomposites are composite materials that are fully degradable composites and are made up of biopolymer matrix and natural fibres as reinforcing phase derived from a biological origin. The matrix is important to protect the fibers from environmental degradation and mechanical damage, to hold the fibers together and to transfer the loads on it. Biocomposites can be used alone, or as a complement to standard materials, such as carbon fiber.

The Global Biocomposites Market is accounted for $20.14 billion in 2017 and expected to grow at a CAGR of 16.4% to reach $79.29 billion by 2026. Biocomposites is witnessing growth due to the depletion of petroleum reserves and to reduce the environment pollution. The dimensional stability of the biocomposites is ruined due to the hydrophilic nature of both matrix and fibres. Basically the biocomposites are split into types, such as green biocomposites and hybrid composites. The techniques used to manufacture biocomposites are based largely on existing techniques for processing plastics or composite materials. These include press moulding, hand lay-up, filament winding, pultrusion, extrusion, injection moulding, compression moulding, resin transfer moulding and sheet moulding compounding, but it is probably fair to say that the majority of current biocomposite materials based on thermoplastic polymers such as polypropylene and polyethylene are processed by compounding and extrusion.

Presently, the main markets for biocomposites are in the construction and automotive sectors. With further developments and improvements in performance, however, new opportunities and applications will likely arise. Significant opportunities are likely to occur in the built environment as this sector is responsible for producing huge volumes of waste at a time when the environmental impact of industries is coming under close scrutiny. A particular area that offers significant potential for growth is in the replacement of preservative treated wood. The introduction of tighter restrictions on the use of certain preservatives, most notably those containing arsenic, presents an opportunity for biocomposites products in applications where there is a high risk of biological attack. Asia pacific is one of the regions which are witnessing demand levels due to the emerging economies where there is increase in construction activities.

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