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Europe Bio-Composite Materials Market: Focus on Application, Product Type, Material Type, Processing Technique, and Country - Analysis and Forecast, 2023-2032

June 2024 | | ID: EFE6122C6E32EN
BIS Research Inc.

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Introduction to Europe Bio-Composite Materials Market

The Europe bio-composite materials market (excluding U.K.) was valued at $1,893.0 million in 2023, and it is expected to grow at a CAGR of 14.79% and reach $6,548.6 million by 2032. The growth in the bio-composite materials market is expected to be driven by a combination of factors, predominantly propelled by increasing recognition and utilization of environmentally sustainable and decomposable materials across diverse sectors like automotive, construction, packaging, and consumer goods, among others.

Market Introduction

The Europe bio-composite materials market is witnessing substantial growth driven by a convergence of factors. Increasing environmental consciousness and stringent regulations promoting sustainable practices are fostering the adoption of bio-based and biodegradable materials across various industries in the region. The automotive sector is embracing bio-composites for lightweight and eco-friendly components, while the construction industry is incorporating these materials for sustainable building solutions. Additionally, the packaging and consumer goods sectors are recognizing the benefits of bio-composites in reducing carbon footprint and enhancing product sustainability. Government initiatives and supportive policies further bolster market expansion, encouraging research and development efforts and fostering innovation in bio-composite technologies. With Europe at the forefront of sustainable initiatives, the bio-composite materials market presents lucrative opportunities for manufacturers and stakeholders aiming to address environmental concerns and meet evolving consumer preferences.

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
  • Germany
  • France
  • Italy
  • Spain
  • Rest-of-Europe
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 bio-composite materials market. Moreover, the study provides the reader with a detailed understanding of the 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 Europe 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 Europe 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.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:
  • Bcomp Ltd.
  • Meshlin Composites Zrt.
  • Tecnaro GmbH
  • UPM
Executive Summary
Scope of the Study

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 Europe
  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
  2.1.4 Europe (by Country)
    2.1.4.1 Germany
      2.1.4.1.1 Market
      2.1.4.1.2 Application, Value and Volume Data
      2.1.4.1.3 Product, Value and Volume Data
        2.1.4.1.3.1 Material Type
        2.1.4.1.3.2 Product Type
        2.1.4.1.3.3 Processing Technique
    2.1.4.2 France
      2.1.4.2.1 Market
      2.1.4.2.2 Application, Value and Volume Data
      2.1.4.2.3 Product, Value and Volume Data
        2.1.4.2.3.1 Material Type
        2.1.4.2.3.2 Product Type
        2.1.4.2.3.3 Processing Technique
    2.1.4.3 Italy
      2.1.4.3.1 Market
      2.1.4.3.2 Application, Value and Volume Data
      2.1.4.3.3 Product, Value and Volume Data
        2.1.4.3.3.1 Material Type
        2.1.4.3.3.2 Product Type
        2.1.4.3.3.3 Processing Technique
    2.1.4.4 Spain
      2.1.4.4.1 Market
      2.1.4.4.2 Application, Value and Volume Data
      2.1.4.4.3 Product, Value and Volume Data
        2.1.4.4.3.1 Material Type
        2.1.4.4.3.2 Product Type
        2.1.4.4.3.3 Processing Technique
    2.1.4.5 Rest-of-Europe
      2.1.4.5.1 Market
      2.1.4.5.2 Application, Value and Volume Data
      2.1.4.5.3 Product, Value and Volume Data
        2.1.4.5.3.1 Material Type
        2.1.4.5.3.2 Product Type
        2.1.4.5.3.3 Processing Technique
2.2 U.K.
  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

3 MARKETS – COMPETITIVE BENCHMARKING & COMPANY PROFILES

3.1 Competitive Benchmarking
  3.1.1 Competitive Position Matrix
3.2 Company Profiles
  3.2.1 Bcomp 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 Meshlin Composites Zrt.
    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
  3.2.3 Tecnaro GmbH
    3.2.3.1 Overview
    3.2.3.2 Top Products / Product Portfolio
    3.2.3.3 Top Competitors
    3.2.3.4 Target Customers/End-Users
    3.2.3.5 Key Personnel
    3.2.3.6 Analyst View
    3.2.3.7 Market Share
  3.2.4 UPM
    3.2.4.1 Overview
    3.2.4.2 Top Products / Product Portfolio
    3.2.4.3 Top Competitors
    3.2.4.4 Target Customers/End-Users
    3.2.4.5 Key Personnel
    3.2.4.6 Analyst View
    3.2.4.7 Market Share

4 RESEARCH METHODOLOGY

4.1 Primary Data Sources
4.2 BIS Data Sources
4.3 Assumptions and Limitations

LIST OF FIGURES

Figure 1: Europe Bio-Composite Materials Market, $Billion, 2022, 2023, and 2032
Figure 2: Europe Bio-Composite Materials Market (by Application), $Billion, 2022 and 2032
Figure 3: Europe Bio-Composite Materials Market (by Material Type), $Billion, 2022 and 2032
Figure 4: Europe Bio-Composite Materials Market (by Product Type), $Billion, 2022 and 2032
Figure 5: Europe 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: Europe Bio-Composite Materials Market, $Million, 2022-2032
Figure 9: Europe Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 10: Europe Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 11: Europe Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 12: Europe Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 13: Europe Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 14: Europe Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 15: Europe Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 16: Europe Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 17: Germany Bio-Composite Materials Market, $Million, 2022-2032
Figure 18: Germany Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 19: Germany Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 20: Germany Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 21: Germany Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 22: Germany Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 23: Germany Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 24: Germany Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 25: Germany Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 26: France Bio-Composite Materials Market, $Million, 2022-2032
Figure 27: France Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 28: France Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 29: France Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 30: France Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 31: France Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 32: France Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 33: France Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 34: France Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 35: Italy Bio-Composite Materials Market, $Million, 2022-2032
Figure 36: Italy Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 37: Italy Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 38: Italy Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 39: Italy Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 40: Italy Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 41: Italy Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 42: Italy Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 43: Italy Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 44: Spain Bio-Composite Materials Market, $Million, 2022-2032
Figure 45: Spain Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 46: Spain Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 47: Spain Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 48: Spain Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 49: Spain Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 50: Spain Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 51: Spain Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 52: Spain Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 53: Rest-of-Europe Bio-Composite Materials Market, $Million, 2022-2032
Figure 54: Rest-of-Europe Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 55: Rest-of-Europe Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 56: Rest-of-Europe Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 57: Rest-of-Europe Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 58: Rest-of-Europe Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 59: Rest-of-Europe Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 60: Rest-of-Europe Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 61: Rest-of-Europe Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 62: U.K. Bio-Composite Materials Market, $Million, 2022-2032
Figure 63: U.K. Bio-Composite Materials Market (by Application), Volume, 2022, 2023, and 2032
Figure 64: U.K. Bio-Composite Materials Market (by Application), Value, 2022, 2023, and 2032
Figure 65: U.K. Bio-Composite Materials Market (by Material Type), Volume, 2022, 2023, and 2032
Figure 66: U.K. Bio-Composite Materials Market (by Material Type), Value, 2022, 2023, and 2032
Figure 67: U.K. Bio-Composite Materials Market (by Product Type), Volume, 2022, 2023, and 2032
Figure 68: U.K. Bio-Composite Materials Market (by Product Type), Value, 2022, 2023, and 2032
Figure 69: U.K. Bio-Composite Materials Market (by Processing Technique), Volume, 2022, 2023, and 2032
Figure 70: U.K. Bio-Composite Materials Market (by Processing Technique), Value, 2022, 2023, and 2032
Figure 71: Research Methodology
Figure 72: Top-Down/Bottom-Up Approach
Figure 73: Bio-Composite Materials Market: Influencing Factors
Figure 74: 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


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