bioplastic composites market by top manufactures by 2023

According to a new report published by United market research, entitled \"global bio-plastic composite injection molding market by polymer, fiber type and end\"
User industry: 2017-Global Opportunity analysis and industry forecast
The global market value of plastic composite materials for injection molding in 2023,2016 is US $18. 562 billion, and it is expected to reach US $39. 722 billion by 2023, with a compound growth rate of 11.
3% from 2017 to 2023.
In 2016, the wood fiber composite market accounted for more than 91% of the global injection molding bio-plastic composite market.
Bio-plastic composite manufacturers and research institutions around the world have invested a lot of money in the development of new bio-plastic composites.
These materials are expected to modify and improve the performance of bio-plastic composites, so that they can use less energy, better physical properties and better ecological environment in the production process.
Friendly hotel. Asia-
Pacific countries such as China and India have high potential for the growth of the injection molding bio-plastic composite market.
Buy now and get a discount: In 2016, North America and Europe accounted for more than 72% of the global bio-plastic composite market in terms of injection molding, due to the government\'s favorable regulations/policies for the production and consumption of sustainable products, as well as the consumer\'s increased awareness of the environment, these affect the production of synthetic plastics manufacturers who favor biological products.
Plastic material.
In addition, the European Association is promoting government and environmental policies on sustainability and biodiversity
Degradation rate is an important factor to promote the growth of the bio-plastic composite market.
Asian market for plastic and bio-plastic composites for injection molding
Due to increased consumer awareness of the use of bio-plastics, the Pacific is expected to grow at the highest rate, thus highlighting the customer\'s tendency to use eco-Plastics
Friendly products.
The main companies introduced in this report are Arkema, Mitsubishi Plastics
Huntsman company, BASF Company, Dongli industrial company
, Natureworks LLC, Corbion NV, Dow Chemical, Solvay SA and Braskem.
Purchase consultation: bio-plastics refer to biodegradable or non-biodegradable materials
Biodegradable, derived from renewable and non-renewable
Renewable resources
Fusion of biotechnology
Plants and other resources-
The derivation of natural fiber into bio-plastic composite structure is of great significance in the design and engineering of bio-plastic composite materials.
Natural fibers used in bio-plastics help to enhance specific properties such as stiffness and thermal properties.
In addition, natural fibers reduce the price of bio-plastics and improve the performance of bio-plastics
Based on the share of bio-plastics and improving the recyclable properties of bio-plastic composites.
The market is based on polymer, which is divided into natural polymer and synthetic polymer.
From 2017 to 2023, the natural polymer part is expected to be the most profitable because of its biodegradable capacity and rising prices for alternatives to petroleum products.
In addition, governments and environmental management agencies around the world have implemented various policies to encourage the use of natural polymers, which provides impetus to the market growth of natural polymers.
On the basis of fiber type, the market is divided into wood fiber composite and non-wood fiber composite.
Wood fiber composite.
Due to the high strength and stiffness of the wood fiber composite, it is expected that the wood fiber composite part will grow at the highest compound growth rate during the forecast period.
In addition, compared with non-wood fiber composites, the production cost of wood fiber composites is lower
Wood fiber composite materials, thereby reducing the price of wood fiber composite materials, thus driving the growth of the market. Basis on end-
In the user industry, the market is divided into transportation, electrical and electronic products, construction and construction, aerospace and defense, consumer goods, etc.
Due to the wide application of bio-plastic composites in the field of transportation, the transport sector is expected to be the most profitable part from 2017 to 2023.