Green Composites are highly adopted by automotive industry as well as construction industry, due to properties including physical and chemical properties associated with these composite. Extensive research is going on these composites, as they are reasonable recyclable, and biodegradable in order to increase its utilization. Over the years, major concern of decreasing natural resources like crude oil led to increase in adoption of Green Composites, which is expected to drive the market growth in coming years. On the other hand, shifting trend of automakers from petro based composites to green composites, which has surged massive demand for these composites.
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.)
- ALPAS srl (Italy)
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The global Green Composites Market is majorly segmented on the basis of fibre type, applications and regions. On the basis of fibres global market has been divided into wood fibres and non-wood fibres. Wood fibres further sub-segmented into jute, hemp, kenaf, sisal, coir, and others, whereas non-wood fibres sub-segment into polyethylene, polypropylene, polyvinyl chloride, and other. Non-wood fibres are the largely used fibres in almost all applications and have gained popularity in commercial use. This is due to advantages of non-wood fibres over manmade glass fibres such as reduced cost, low density, distinct mechanical properties, and less energy consumption.
On the basis of application, global green composites market has been segmented into automotive & transportation, aerospace, healthcare, military, construction, packaging and others includes marine. As of now, Automobile application of green composites is dominant segment, followed by construction. Natural fibres are cost effective in terms of production and are comparatively tougher than steel which are largely used in automotive applications. Due to these benefits automakers are looking forward to opt for green composites in this industry. Construction applications for green composites is also emerged as one of the fastest growing segment over the years. Easily mouldable and rigid nature of these composites have made them suitable in construction industry. In addition, growing construction activities in emerging economies across the globe anticipated to increase shares of this segment in the years to come.
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Table of Content
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
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