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Asia-Pacific Bio-Composite Materials Market: Analysis and Forecast, 2023-2032

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    Report

  • 108 Pages
  • January 2024
  • Region: Asia Pacific
  • BIS Research
  • ID: 5923471
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The Asia-Pacific bio-composite materials market (excluding China) was valued at $4.16 billion in 2023, and it is expected to grow at a CAGR of 17.83% and reach $18.23 billion by 2032. The Asia-Pacific bio-composite materials market is expected to grow due to a number of factors, the most important of which is rising awareness and adoption of eco-friendly and biodegradable materials in a variety of industries, including automotive, construction, packaging, and consumer goods, among others.

Market Introduction

The Asia-Pacific bio-composite materials market is in a growing phase, with a rapid increase in the number of companies offering bio-composite materials. Recent technological advancements in bio-composite materials, such as natural fibers and wood fibers, as well as an increasing number of construction projects, the automotive industry, renewable energy demand, and the electronics and consumer goods sectors, are driving the global adoption of bio-composite materials. Furthermore, due to the increasing demand for environmentally friendly and sustainable materials, many industry players are looking forward to the future of the bio-composite materials market. The increased global investment in eco-friendly materials is being driven primarily by their low environmental impact and cost-effectiveness. Furthermore, bio-composite materials have the potential to outperform traditional alternatives in terms of sustainability and performance.

Market Segmentation:

Segmentation 1: by Application

  • Automotive
  • Construction
  • Aerospace
  • Consumer Goods
  • Packaging
  • Electronics
  • Renewable Energy
  • Others

Segmentation 2: by Material Type

  • Natural Fibers
  • Wood Fibers
  • Bio-Polymers
  • Next-Generation Materials
  • Recycled Materials
  • Synthetic Polymers
  • Others

Segmentation 3: by Product Type

  • Green Composites
  • Hybrid Composites

Segmentation 4: by Processing Technique

  • Compression Molding
  • Injection Molding
  • Resin Transfer Molding
  • Extrusion
  • Others

Segmentation 5: by Country

  • Japan
  • South Korea
  • India
  • Rest-of-Asia-Pacific and Japan

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader to understand the different types involved in the Asia-Pacific bio-composite materials market. Moreover, the study provides the reader with a detailed understanding of the Asia-Pacific bio-composite materials market based on the application (automotive, construction, aerospace, consumer goods, packaging, electronics, renewable energy, and others). The bio-composite materials market is gaining traction in applications on the back of sustainability concerns and their higher tensile strength and toughness, among others. Bio-composite materials are also being used for controlling greenhouse gas (GHG) emissions. Moreover, partnerships and collaborations are expected to play a crucial role in strengthening market position over the coming years, with the companies focusing on bolstering their technological capabilities and gaining a dominant market share in the bio-composite materials industry.

Growth/Marketing Strategy: The Asia-Pacific bio-composite materials market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.

Competitive Strategy: The key players in the Asia-Pacific bio-composite materials market analyzed and profiled in the study include bio-composite materials suppliers that develop, maintain, and market bio-composite materials. Moreover, a detailed competitive benchmarking of the players operating in the bio-composite materials market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.



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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Growing Utilization of Bio-Composite in the Packaging Industry
1.1.1.2 Utilization of Lignocellulosic Biomass in Biofuel Production
1.1.2 Supply Chain Analysis
1.1.3 Comparison Analysis between Bio-Composite and Conventional Composite Materials
1.1.4 Emerging Biomass Sources for Bio-Composite Materials
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Government Regulations Pertaining to the Utilization of Eco-Friendly Products
1.2.1.2 Growing Demand for lightweight Materials across Various End-Use Industries
1.2.1.3 Advancements in Manufacturing Processes and Rising Initiatives by Key Market Players
1.2.2 Business Restraints
1.2.2.1 Thermal Instability and Comparatively Low Strength as Compared to Conventional Composite Materials
1.2.2.2 Elevated Production Costs Associated with Bio-Composites
1.2.2.3 Availability of Low-Cost and High-Performing Alternatives
1.2.3 Business Strategies
1.2.3.1 Product and Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Potential for Price Reduction through Economies of Scale
1.2.5.2 Increasing Demand for Lightweight and Environment-Friendly Materials in the Automotive Sector in China
1.2.5.3 Rising Trend of Sustainable Construction Practices Worldwide
2 Regions
2.1 China
2.1.1 Market
2.1.1.1 Business Drivers
2.1.1.2 Business Challenges
2.1.2 Application, Value and Volume Data
2.1.3 Product, Value and Volume Data
2.1.3.1 Material Type
2.1.3.2 Product Type
2.1.3.3 Processing Technique
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Business Drivers
2.2.1.2 Business Challenges
2.2.2 Application, Value and Volume Data
2.2.3 Product, Value and Volume Data
2.2.3.1 Material Type
2.2.3.2 Product Type
2.2.3.3 Processing Technique
2.2.4 Asia-Pacific and Japan (by Country)
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.2 Application, Value and Volume Data
2.2.4.1.3 Product, Value and Volume Data
2.2.4.1.3.1 Material Type
2.2.4.1.3.2 Product Type
2.2.4.1.3.3 Processing Technique
2.2.4.2 South Korea
2.2.4.2.1 Market
2.2.4.2.2 Application, Value and Volume Data
2.2.4.2.3 Product, Value and Volume Data
2.2.4.2.3.1 Material Type
2.2.4.2.3.2 Product Type
2.2.4.2.3.3 Processing Technique
2.2.4.3 India
2.2.4.3.1 Market
2.2.4.3.2 Application, Value and Volume Data
2.2.4.3.3 Product, Value and Volume Data
2.2.4.3.3.1 Material Type
2.2.4.3.3.2 Product Type
2.2.4.3.3.3 Processing Technique
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.2 Application, Value and Volume Data
2.2.4.4.3 Product, Value and Volume Data
2.2.4.4.3.1 Material Type
2.2.4.4.3.2 Product Type
2.2.4.4.3.3 Processing Technique
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix of Key Companies (by Material Type)
3.2 Company Profiles
3.2.1 Anhui Guofeng Wood-Plastic Composite Co., Ltd
3.2.1.1 Overview
3.2.1.2 Top Products / Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers/End-Users
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share
3.2.2 Nanjing Xuhua Sundi New Building Materials Co., Ltd
3.2.2.1 Overview
3.2.2.2 Top Products / Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers/End-Users
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
4 Research Methodology
4.1 Primary Data Sources
4.2 Data Sources
4.3 Assumptions and Limitations
List of Figures
Figure 1: Bio-Composite Materials Market, $Billion, 2022, 2023, and 2032
Figure 2: Bio-Composite Materials Market (by Application), $Billion, 2022 and 2032
Figure 3: Bio-Composite Materials Market (by Material Type), $Billion, 2022 and 2032
Figure 4: Bio-Composite Materials Market (by Product Type), $Billion, 2022 and 2032
Figure 5: Bio-Composite Materials Market (by Processing Technique), $Billion, 2022 and 2032
Figure 6: Bio-Composite Materials Market (by Region), $Billion, 2022 and 2032
Figure 7: Supply Chain Analysis of the Bio-Composite Materials Market
Figure 8: China Bio-Composite Materials Market, $Million, 2022-2032
Figure 9: China Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 10: China Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 11: China Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 12: China Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 13: China Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 14: China Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 15: China Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 16: China Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 17: Asia-Pacific and Japan Bio-Composite Materials Market, $Million, 2022-2032
Figure 18: Asia-Pacific and Japan Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 19: Asia-Pacific and Japan Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 20: Asia-Pacific and Japan Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 21: Asia-Pacific and Japan Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 22: Asia-Pacific and Japan Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 23: Asia-Pacific and Japan Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 24: Asia-Pacific and Japan Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 25: Asia-Pacific and Japan Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 26: Japan Bio-Composite Materials Market, $Million, 2022-2032
Figure 27: Japan Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 28: Japan Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 29: Japan Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 30: Japan Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 31: Japan Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 32: Japan Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 33: Japan Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 34: Japan Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 35: South Korea Bio-Composite Materials Market, $Million, 2022-2032
Figure 36: South Korea Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 37: South Korea Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 38: South Korea Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 39: South Korea Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 40: South Korea Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 41: South Korea Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 42: South Korea Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 43: South Korea Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 44: India Bio-Composite Materials Market, $Million, 2022-2032
Figure 45: India Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 46: India Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 47: India Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 48: India Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 49: India Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 50: India Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 51: India Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 52: India Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 53: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market, $Million, 2022-2032
Figure 54: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 55: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 56: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 57: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 58: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 59: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 60: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 61: Rest-of-Asia-Pacific and Japan Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 62: Research Methodology
Figure 63: Top-Down/Bottom-Up Approach
Figure 64: Bio-Composite Materials Market: Influencing Factors
Figure 65: Assumptions and Limitations
List of Tables
Table 1: Stakeholders of the Bio-Composite Materials Market
Table 2: Key Biomass Sources
Table 3: Key Product and Market Development
Table 4: Key Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
Table 5: Bio-Composite Materials Market (by Region), Kilo Tons, 2022-2032
Table 6: Bio-Composite Materials Market (by Region), $Million, 2022-2032
Table 7: Product Matrix of Key Companies (by Material Type)

Companies Mentioned

  • Anhui Guofeng Wood-Plastic Composite Co., Ltd
  • Nanjing Xuhua Sundi New Building Materials Co., Ltd

Table Information

Report AttributeDetails
No. of Pages108
PublishedJanuary 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 4.16 Billion
Forecasted Market Value ( USD ) by 2032 $ 18.23 Billion
Compound Annual Growth Rate17.8%
Regions CoveredAsia Pacific
No. of Companies Mentioned2

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About the Market

Biocomposites are a type of biomaterials that are composed of natural fibers and polymers. They are used in a variety of applications, such as automotive, aerospace, and medical. Biocomposites offer a range of advantages over traditional materials, including improved strength, stiffness, and durability. They are also lightweight, recyclable, and biodegradable. Biocomposites are becoming increasingly popular due to their environmental benefits and cost-effectiveness. They are used in a variety of industries, including automotive, aerospace, and medical. The automotive industry is the largest consumer of biocomposites, as they are used in the production of lightweight components. The biocomposite market is expected to grow in the coming years due to increasing demand for lightweight and sustainable materials. The market is also driven by the increasing demand for biocomposites in the automotive and aerospace industries. Some of the major companies in the biocomposite market include BASF, DowDuPont, Teijin, Toray Industries, and Owens Corning. Show Less Read more

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