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Global Green Composites Market Research Report 2024
Synopsis
A composite is defined as a multiphase material and composition of material differing in composition, which remain bonded together, but retain their identities and properties, without going to any chemical reaction. Composite is engineered to meet specific application, performance and specific needs. Green composites, also known as bio composites or eco-composites, are composite materials made from renewable resources such as natural fibers and bio-based resins. Green composite combines plant fibers with natural/biodegradable/bio-based resins to create natural composite materials. Biomaterial composites are made from hemp, kenaf, sisal, soybean, etc. Natural fibers are emerging as low cost, lightweight and apparently environmentally superior alternative to synthetic fibers. The resins and fibers used in the green composites are biodegradable, when they dumped, decomposed by the action of microorganisms. They are converted into the form of H2O and CO2. These H2O and CO2 are absorbed into the plant systems.
The global Green Composites market was valued at US$ 10650 million in 2023 and is anticipated to reach US$ 18990 million by 2030, witnessing a CAGR of 9.3% during the forecast period 2024-2030.
Composites include fiber-reinforced materials and organic matrices, with the most commonly used materials being Glass Fiber Reinforced Polymer (GFRP) and Carbon Fiber Reinforced Polymer (CFRP) composites, followed by composites reinforced with aramid or natural fibers. After a decline in production in 2020, the global composites industry is gradually returning to pre-pandemic growth rates, with the energy, electronics/electrical, construction, marine and consumer goods markets showing rapid recovery. New growth opportunities are also emerging in emerging sectors such as electric and hydrogen-fueled vehicles, marine, sports and recreation, medical, electrical and electronics, oil and gas, furniture and design, defense and security, and renewable energy. Between now and the future, composites will provide higher performance, lighter, more energy efficient as well as more durable products in a wider range of applications and markets.
This report aims to provide a comprehensive presentation of the global market for Green Composites, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Green Composites.
Report Scope
The Green Composites market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Green Composites market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Green Composites manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Trex Company
The AZEK Company
Fiberon
Avient
Oldcastle Architectural
Anhui Sentai WPC Group
UPM Biocomposites
Tecnaro GmbH
TTS Inc
FlexForm Technologies
Procotex Corporation
Polyvlies Group
Bcomp
UFP Technologies
Segment by Type
Wood Fibers
Non-Wood Fibers
Segment by Application
Building and Construction
Automotive
Sports and Leisure
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Green Composites manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Green Composites by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Green Composites in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A composite is defined as a multiphase material and composition of material differing in composition, which remain bonded together, but retain their identities and properties, without going to any chemical reaction. Composite is engineered to meet specific application, performance and specific needs. Green composites, also known as bio composites or eco-composites, are composite materials made from renewable resources such as natural fibers and bio-based resins. Green composite combines plant fibers with natural/biodegradable/bio-based resins to create natural composite materials. Biomaterial composites are made from hemp, kenaf, sisal, soybean, etc. Natural fibers are emerging as low cost, lightweight and apparently environmentally superior alternative to synthetic fibers. The resins and fibers used in the green composites are biodegradable, when they dumped, decomposed by the action of microorganisms. They are converted into the form of H2O and CO2. These H2O and CO2 are absorbed into the plant systems.
The global Green Composites market was valued at US$ 10650 million in 2023 and is anticipated to reach US$ 18990 million by 2030, witnessing a CAGR of 9.3% during the forecast period 2024-2030.
Composites include fiber-reinforced materials and organic matrices, with the most commonly used materials being Glass Fiber Reinforced Polymer (GFRP) and Carbon Fiber Reinforced Polymer (CFRP) composites, followed by composites reinforced with aramid or natural fibers. After a decline in production in 2020, the global composites industry is gradually returning to pre-pandemic growth rates, with the energy, electronics/electrical, construction, marine and consumer goods markets showing rapid recovery. New growth opportunities are also emerging in emerging sectors such as electric and hydrogen-fueled vehicles, marine, sports and recreation, medical, electrical and electronics, oil and gas, furniture and design, defense and security, and renewable energy. Between now and the future, composites will provide higher performance, lighter, more energy efficient as well as more durable products in a wider range of applications and markets.
This report aims to provide a comprehensive presentation of the global market for Green Composites, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Green Composites.
Report Scope
The Green Composites market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Green Composites market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Green Composites manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Trex Company
The AZEK Company
Fiberon
Avient
Oldcastle Architectural
Anhui Sentai WPC Group
UPM Biocomposites
Tecnaro GmbH
TTS Inc
FlexForm Technologies
Procotex Corporation
Polyvlies Group
Bcomp
UFP Technologies
Segment by Type
Wood Fibers
Non-Wood Fibers
Segment by Application
Building and Construction
Automotive
Sports and Leisure
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Green Composites manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Green Composites by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Green Composites in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Green Composites Market Overview
1.1 Product Definition
1.2 Green Composites Segment by Type
1.2.1 Global Green Composites Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Wood Fibers
1.2.3 Non-Wood Fibers
1.3 Green Composites Segment by Application
1.3.1 Global Green Composites Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Building and Construction
1.3.3 Automotive
1.3.4 Sports and Leisure
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Green Composites Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Green Composites Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Green Composites Production Estimates and Forecasts (2019-2030)
1.4.4 Global Green Composites Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Green Composites Production Market Share by Manufacturers (2019-2024)
2.2 Global Green Composites Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Green Composites, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Green Composites Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Green Composites Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Green Composites, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Green Composites, Product Offered and Application
2.8 Global Key Manufacturers of Green Composites, Date of Enter into This Industry
2.9 Green Composites Market Competitive Situation and Trends
2.9.1 Green Composites Market Concentration Rate
2.9.2 Global 5 and 10 Largest Green Composites Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Green Composites Production by Region
3.1 Global Green Composites Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Green Composites Production Value by Region (2019-2030)
3.2.1 Global Green Composites Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Green Composites by Region (2025-2030)
3.3 Global Green Composites Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Green Composites Production by Region (2019-2030)
3.4.1 Global Green Composites Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Green Composites by Region (2025-2030)
3.5 Global Green Composites Market Price Analysis by Region (2019-2024)
3.6 Global Green Composites Production and Value, Year-over-Year Growth
3.6.1 North America Green Composites Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Green Composites Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Green Composites Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Green Composites Production Value Estimates and Forecasts (2019-2030)
4 Green Composites Consumption by Region
4.1 Global Green Composites Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Green Composites Consumption by Region (2019-2030)
4.2.1 Global Green Composites Consumption by Region (2019-2024)
4.2.2 Global Green Composites Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Green Composites Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Green Composites Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Green Composites Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Green Composites Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Green Composites Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Green Composites Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Green Composites Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Green Composites Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Green Composites Production by Type (2019-2030)
5.1.1 Global Green Composites Production by Type (2019-2024)
5.1.2 Global Green Composites Production by Type (2025-2030)
5.1.3 Global Green Composites Production Market Share by Type (2019-2030)
5.2 Global Green Composites Production Value by Type (2019-2030)
5.2.1 Global Green Composites Production Value by Type (2019-2024)
5.2.2 Global Green Composites Production Value by Type (2025-2030)
5.2.3 Global Green Composites Production Value Market Share by Type (2019-2030)
5.3 Global Green Composites Price by Type (2019-2030)
6 Segment by Application
6.1 Global Green Composites Production by Application (2019-2030)
6.1.1 Global Green Composites Production by Application (2019-2024)
6.1.2 Global Green Composites Production by Application (2025-2030)
6.1.3 Global Green Composites Production Market Share by Application (2019-2030)
6.2 Global Green Composites Production Value by Application (2019-2030)
6.2.1 Global Green Composites Production Value by Application (2019-2024)
6.2.2 Global Green Composites Production Value by Application (2025-2030)
6.2.3 Global Green Composites Production Value Market Share by Application (2019-2030)
6.3 Global Green Composites Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Trex Company
7.1.1 Trex Company Green Composites Corporation Information
7.1.2 Trex Company Green Composites Product Portfolio
7.1.3 Trex Company Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Trex Company Main Business and Markets Served
7.1.5 Trex Company Recent Developments/Updates
7.2 The AZEK Company
7.2.1 The AZEK Company Green Composites Corporation Information
7.2.2 The AZEK Company Green Composites Product Portfolio
7.2.3 The AZEK Company Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.2.4 The AZEK Company Main Business and Markets Served
7.2.5 The AZEK Company Recent Developments/Updates
7.3 Fiberon
7.3.1 Fiberon Green Composites Corporation Information
7.3.2 Fiberon Green Composites Product Portfolio
7.3.3 Fiberon Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Fiberon Main Business and Markets Served
7.3.5 Fiberon Recent Developments/Updates
7.4 Avient
7.4.1 Avient Green Composites Corporation Information
7.4.2 Avient Green Composites Product Portfolio
7.4.3 Avient Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Avient Main Business and Markets Served
7.4.5 Avient Recent Developments/Updates
7.5 Oldcastle Architectural
7.5.1 Oldcastle Architectural Green Composites Corporation Information
7.5.2 Oldcastle Architectural Green Composites Product Portfolio
7.5.3 Oldcastle Architectural Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Oldcastle Architectural Main Business and Markets Served
7.5.5 Oldcastle Architectural Recent Developments/Updates
7.6 Anhui Sentai WPC Group
7.6.1 Anhui Sentai WPC Group Green Composites Corporation Information
7.6.2 Anhui Sentai WPC Group Green Composites Product Portfolio
7.6.3 Anhui Sentai WPC Group Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Anhui Sentai WPC Group Main Business and Markets Served
7.6.5 Anhui Sentai WPC Group Recent Developments/Updates
7.7 UPM Biocomposites
7.7.1 UPM Biocomposites Green Composites Corporation Information
7.7.2 UPM Biocomposites Green Composites Product Portfolio
7.7.3 UPM Biocomposites Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.7.4 UPM Biocomposites Main Business and Markets Served
7.7.5 UPM Biocomposites Recent Developments/Updates
7.8 Tecnaro GmbH
7.8.1 Tecnaro GmbH Green Composites Corporation Information
7.8.2 Tecnaro GmbH Green Composites Product Portfolio
7.8.3 Tecnaro GmbH Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Tecnaro GmbH Main Business and Markets Served
7.7.5 Tecnaro GmbH Recent Developments/Updates
7.9 TTS Inc
7.9.1 TTS Inc Green Composites Corporation Information
7.9.2 TTS Inc Green Composites Product Portfolio
7.9.3 TTS Inc Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.9.4 TTS Inc Main Business and Markets Served
7.9.5 TTS Inc Recent Developments/Updates
7.10 FlexForm Technologies
7.10.1 FlexForm Technologies Green Composites Corporation Information
7.10.2 FlexForm Technologies Green Composites Product Portfolio
7.10.3 FlexForm Technologies Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.10.4 FlexForm Technologies Main Business and Markets Served
7.10.5 FlexForm Technologies Recent Developments/Updates
7.11 Procotex Corporation
7.11.1 Procotex Corporation Green Composites Corporation Information
7.11.2 Procotex Corporation Green Composites Product Portfolio
7.11.3 Procotex Corporation Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Procotex Corporation Main Business and Markets Served
7.11.5 Procotex Corporation Recent Developments/Updates
7.12 Polyvlies Group
7.12.1 Polyvlies Group Green Composites Corporation Information
7.12.2 Polyvlies Group Green Composites Product Portfolio
7.12.3 Polyvlies Group Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Polyvlies Group Main Business and Markets Served
7.12.5 Polyvlies Group Recent Developments/Updates
7.13 Bcomp
7.13.1 Bcomp Green Composites Corporation Information
7.13.2 Bcomp Green Composites Product Portfolio
7.13.3 Bcomp Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Bcomp Main Business and Markets Served
7.13.5 Bcomp Recent Developments/Updates
7.14 UFP Technologies
7.14.1 UFP Technologies Green Composites Corporation Information
7.14.2 UFP Technologies Green Composites Product Portfolio
7.14.3 UFP Technologies Green Composites Production, Value, Price and Gross Margin (2019-2024)
7.14.4 UFP Technologies Main Business and Markets Served
7.14.5 UFP Technologies Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Green Composites Industry Chain Analysis
8.2 Green Composites Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Green Composites Production Mode & Process
8.4 Green Composites Sales and Marketing
8.4.1 Green Composites Sales Channels
8.4.2 Green Composites Distributors
8.5 Green Composites Customers
9 Green Composites Market Dynamics
9.1 Green Composites Industry Trends
9.2 Green Composites Market Drivers
9.3 Green Composites Market Challenges
9.4 Green Composites Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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