Research Nester published a report titled “Green Composites Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global green composites market in terms of market segmentation by fiber type, end use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global green composites market is estimated to occupy a large amount of revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2031, ascribing to the rising environmental concerns regarding reduction of pollution, which in turn is expected to boost the production of eco-friendly products worldwide. Along with this, rising demand for green composites from construction, automotive and marine industries is also expected to drive the growth of the market in the forthcoming years. In addition, surging focus of companies to incorporate biodegradable alternative in their product lines is predicted to offer profitable opportunities to the market in the future.
The market is segmented by fiber type and end use industry. Based on fiber type, the wood fibers segment is anticipated to acquire the largest share during the forecast period on the back of the effectiveness of these fibers in reducing the harmful effects of energy production on the environment. Additionally, by end use industry, the healthcare segment is projected to grab the largest share over the forecast period attributing to the increasing utilization of green composites in development of hard tissue implants.
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https://www.researchnester.com/reports/green-composites-market/3888
Geographically, the global green composites market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the high manufacturing output of construction, aerospace & defense, and automotive industries in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period ascribing to the strict government protocols for regulating the usage of low-emission products in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Surging Environmental Concerns About Reducing Pollution Worldwide to Bolster Market Growth
Over the last few years, as a result of the rise in global pollution, governmental and non-governmental organizations all around the world are emphasizing on launching eco-friendly products that cause lesser emissions. This in turn is giving rise to the utilization of green composites in several industries, which in turn is assessed to drive significant market growth in the near future.
However, absence of standardization in manufacturing technologies is expected to operate as key restraint to the growth of the global green composites market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global green composites market which includes company profiling of ALPAS Srl, TECNARO GmbH, MCG Biocomposites LLC, GreenGran BN, Procotex SA Corporation, Stemergy SDN BHD, Bast Fibers, LLC, Green Composites Pvt. Ltd., UPM-Kymmene Corporation, Wienerberger AG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global green composites market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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