Increasing use of Biocomposites in end-use Sectors is the Main Driver Triggering The Biocomposites Market

The global biocomposites market size is projected to reach USD 46.3 billion by 2025, according to a report by Grand View Research, Inc., exhibiting a 12.5% CAGR during the forecast period. Increasing use of biocomposites in end-use sectors such as automotive, building and construction, electrical and electronics, and consumer goods is the main driver triggering the biocomposites market. Additionally, changing consumer preference from plastic composites to ecofriendly biocomposites is expected to spur market growth over the forecast period. 

Biocomposites are composite materials made from natural fiber such as wood or non-wood fiber, along with polymer resin. Their use in various sectors is increasing due to their eco-friendly characteristics. They are effectively being used as a substitute for plastic composites. Strict environment laws are also favoring their usage.

Use of biocomposites made from wood fiber is growing as an increasing number of forests are under systematic and sustainable utilization. Wood plastic composites are manufactured from wood fibers. Use of natural polymer is also increasing as a result of push for 100% biodegradable products. There is a significant demand for 100% biodegradable products in developed markets of North America and Europe. 

The handling of plastic waste globally is a serious issue as plastic products do not decompose easily. In order to tackle this problem, a number of governments have banned plastic products and are promoting the use of biocomposites as a substitute for plastic composites. Furthermore, they are used as a substitute for metal and alloys in automotive nonstructural parts such as parcel shelves and interior panels. Use of biocomposites in the automotive sector is likely to help in decreasing the overall weight of a vehicle and also reduce instances of injuries to passengers in cases of accidents. Similarly, surging demand in electrical and consumer durables sectors is expected to drive the market.

Rising disposable income in developing countries such as China and India and growing awareness about biocomposites and their advantages are key factors expected to drive the market in the region. Ban on non-reusable plastics in Europe is driving demand in the region.

A number of key players in the industry are investing in research and development of eco-friendly and high strength products. Some players have also integrated their operations throughout the value chain in an attempt to increase profitability and serve customers better.

In depth research report on Biocomposites Market

https://www.grandviewresearch.com/industry-analysis/biocomposites-market

Further key findings from the report suggest:

·       By type of fiber, wood fiber composites are expected to grow at the fastest throughout the forecast period

·       Transportation emerged as the largest end-use segment in the market, followed by building and construction

·       Asia Pacific is expected to be the largest regional market for biocomposites. It is also likely to be the fastest-growing regional market over the forecast period.

Grand View Research has segmented the global biocomposites market on the basis of fiber type, polymer type, product type, end use, and region:

Biocomposites Fiber Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

·       Wood Fiber Composites

·       Non-wood Fiber Composites

Biocomposites Polymer Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

·       Natural Polymer

·       Synthetic Polymer

Biocomposites Product Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

·       Green Biocomposites

·       Hybrid Biocomposites

Biocomposites End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

·       Transportation

·       Building & Construction

·       Consumer Goods

·       Electrical & Electronics

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Wood Based Panel Market Hit USD 174.55 billion by 2025 : Grand View Research, Inc.

The global wood based panel market size is expected to reach USD 174.55 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.7% CAGR during the forecast period. High demand as an insulating material for wall cladding, ceiling, roofing, and flooring applications is expected to boost market growth over the coming years.

The global industry is dynamic and highly competitive in nature. Investments, divestments, and regional expansions are key strategies adopted by players to strengthen their presence in the market. On the down side, increasing raw material prices and lack of technological innovation are expected to be a key concern for industry players.

Innovations in the traditional woodworking industry to produce more sustainable products, such as MDF, particleboard, OSB, and HDF, which can be employed in specific application areas, are expected to boost market growth over the forecast period. Companies are investing in R&D activities to come up with environment-friendly manufacturing wood based panels.

Growing population, uncertain monsoons, and rapid industrialization across the globe are major factors that have resulted in deforestation, which, in turn, has led to low availability of raw materials. Increasing raw material prices and high competition among industry players are expected to shrink profit margins of industry players over the forecast period.

Stringent regulations imposed on manufacturing of wood based panels are expected to be a key threat to market players. Moreover, high initial investments and operational costs associated with the machinery are expected to trigger entry barriers, thereby lowering the threat of new entrants over the forecast period.

In depth research report on Wood Based Panel Market

https://www.grandviewresearch.com/industry-analysis/wood-based-panel-market

Further key findings from the report suggest:

·       The MDF product segmentis expected to register a CAGR of 8.9% over the projected period, on account of its preference in construction and decoration applications. This can be attributed to its consistent particle size, shape, and strength

·       Particleboard is anticipated to be the fastest growing product segment on account of its rising demand in the construction sector for underlayment and roofing. This is due to its sturdy and rigid properties

·       Enhanced properties such as high strength, moisture resistance, chemical resistance, fire resistance, and durability offered by plywood can be credited to its high market value of USD 37.24 billion in 2016

·       Furniture dominated the market by application in 2016, accounting for a 47.5% share. Wood based panels find high demand for manufacturing lightweight, well-finished, and durable decorative products

·       Asia Pacific held the largest market share of 58.4% in 2016 and is expected to dominate the industry over the forecast period on account of high investments in the construction sector in the region

·       Key participants including Canfor, ante-Group, Georgia-Pacific, Idaho Forest Group, LLC, and Kronospan Limited are investing in R&D activities to come up with sustainable wood based panels to gain a competitive edge over their competitors.

Grand View Research has segmented the global wood based panel market on the basis of product, application:

Wood Based Panel Product Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)

·       MDF

·       Standard MDF

·       Thin MDF

·       HDF

·       Particleboard

·       OSB

·       Softboard

·       Hardboard

·       Plywood

Wood Based Panel Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)

·       Furniture

·       Construction

·       Windows & doors

·       Flooring & decking

·       Siding

·       Others

·       Packaging

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https://www.grandviewresearch.com/industry/green-building-materials

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Calcined Anthracite Market Size is Expected to Reach USD 3.44 Billion By 2025

The global calcined anthracite market size is expected to reach USD 3.44 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 1.0% CAGR during the forecast period. High carbon content, along with superior thermal and electrical stability offered by the product as compared to conventional anthracite, is expected to propel its demand in steel manufacturing.

Calcined anthracite manufacturers position themselves in the market on the basis of product quality, price, and production volumes. However, persistent demand-supply gap in the industry, caused by declining raw material availability, coupled with presence of substitutes such as petcoke, is expected to limit industry growth.

Major manufacturers are primarily located in China, U.S., and European countries owing to easy access to anthracite in these regions. Many of these players have established contracts with anthracite mining companies to ensure secure flow of raw materials for manufacturing. However, declining mining activities across the globe are expected to hamper the raw material supply chain.

Discrepancies in production volume of anthracite coal have a severe impact on its pricing, which directly affects the prices of calcined anthracite. Anthracite prices have seen major fluctuations in the past five years owing to variations in mining output. Insufficient production volumes and rising raw material prices are likely to increase calcined anthracite prices in the near future.

 In depth research report on Calcined Anthracite Market

https://www.grandviewresearch.com/industry-analysis/calcined-anthracite-market

Further key findings from the report suggest:

·       By technology, electrically calcined anthracite accounted for 74.8% of the overall volume in 2016 owing to its higher process efficiency

·       On the basis of end use, the basic oxygen steelmaking segment was valued at USD 642.1 million in 2016. The product offers a high carbon content relative to its cost and helps achieve up to 30% cost savings in steel manufacturing

·       China was the largest steel producer in the world in 2016, which also makes it the largest consumer of calcined anthracite in the world. That year, the country accounted for a share of 52.8% in the global demand

·       India is expected exhibit a revenue-based CAGR of 7.9% from 2017 to 2025 owing to rapid growth of the domestic steel manufacturing sector, coupled with recent ban on petcoke products in certain parts of the country

·       Insufficient production of calcined anthracite in comparison to its demand is expected to result in higher product prices over the forecast period, lowering the bargaining power of consumers

·       Calcined anthracite manufacturers differentiate their products on the basis of quality and price, keeping in mind properties such as carbon content and purity level

·       Key players such as Elkem Carbon, Rheinfelden Carbon, Resorbent s.r.o., and Asbury Carbons are mainly engaged in manufacturing electrical and gas calcined anthracite products specific to steel manufacturing applications.

Grand View Research has segmented the global calcined anthracite market on the basis of technology, end use:

Calcined Anthracite Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Gas Calcined Anthracite

·       Electrically Calcined Anthracite

Calcined Anthracite End-use Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)

·       Pulverized Coal Injection (PCI)

·       Basic Oxygen Steelmaking

·       Electric Arc Furnaces

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Natural Fiber Composites are Eco-Friendly Materials Used to Provide Durability and Strength

The global natural fiber composites market is expected to reach USD 10.89 billion by 2024, according to a new report by Grand View Research, Inc. Natural fiber composites are eco-friendly materials used to provide durability and strength to the physical structures used in automotive and construction industries. Rising awareness regarding bio-based green building materials and supportive government regulations are likely to propel growth over the forecast period. Furthermore, increasing population has led to growing demand for residential construction as well as public infrastructure, which is expected to augment growth.

Technological advancements in manufacturing processes such as compression molding, injection molding, and extrusion are likely to have a positive impact on growth over the next eight years. Natural fibers are substituting glass and carbon fibers in the recent years due to low costs and improved sustainability. Natural fibers are available in abundance in Europe and Asia Pacific which in turn is expected to propel demand over the next eight years.

In depth research report on Natural Fiber Composites Market

http://www.grandviewresearch.com/industry-analysis/natural-fiber-composites-market

Further key findings from the report suggest:

·       Wood fiber composites dominated the global market in 2015, and this trend is likely to continue over the next eight years. Raw materials including flax, hemp, and kenaf are increasingly used in the production of lightweight and fuel-efficient cars, which in turn is expected to propel demand. In addition, recycled cotton is also being increasingly used for automotive industry thus driving growth.

·       Compression molding led the market in terms of technology and is being utilized for the development of luxury car components. This technology helps in the production of lightweight components with improved properties such as deformation resistance and lamination ability.

·       Construction industry dominated the global market, in terms of application followed by automotive industry. Natural fiber composites are finding increased applications in industries such as sporting goods and electrical & electronics. Sporting goods accounted for over 2.0% of the market share in 2015 and is projected to witness significant growth on account of increasing awareness regarding exercise benefits and changing consumer lifestyles.

·       North America dominated the market and was valued at about USD 2.00 billion in 2015. The presence of a vast number of market players in the region is expected to have a positive impact on growth. In Europe, supportive government regulations and presence of a vast number of automotive manufacturers are projected to accelerate the growth.

·       In February 2016, Amerhart Limited, entered into a partnership with Trex Company to enhance its global footprint. Market players have been adopting numerous strategies including partnerships, acquisitions, and R&D investment to cater to rapidly increasing demand.

Grand View Research has segmented the global natural fiber composites market on the basis of raw material, matrix, technology, application and region:

Global Natural Fiber Composites Raw Material Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Wood

·       Cotton

·       Flax

·       Kenaf

·       Hemp

·       Others

Global Natural Fiber Composites Matrix Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Inorganic Compound

·       Natural Polymer

·       Synthetic Polymer

Global Natural Fiber Composites Technology Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Injection Molding

·       Compression Molding

·       Pultrusion

·       Others

 Global Natural Fiber Composites Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Automotive

·       Electronics

·       Sporting Goods

·       Construction

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/green-building-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Rising Material Innovation in Aviation is Expected to Improve Demand for Lightweight Materials

The global lightweight materials market size is expected to reach USD 225.3 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.9% during the forecast period. Rising material innovation in aviation is expected to improve demand for lightweight materials.

The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.

Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.

The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.

Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.

Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.

In depth research report on Lightweight Materials Market

https://www.grandviewresearch.com/industry-analysis/lightweight-materials-market

Further key findings from the report suggest:

·       The global lightweight materials market is anticipated to reach 61,925.6 kilotons by 2024, at a CAGR of 8.3% from 2015 to 2022

·       In terms of revenue, the high strength steel segment is projected to ascend at a CAGR of 10.2% over the forecast period

·       The automotive application dominated the global lightweight materials market with a share of over 86.0% in 2015

·       The North America lightweight materials market is anticipated to exceed 12,377.7 kilotons by 2024

·       Europe is projected to witness a remarkable CAGR of 8.2% over the forecast, owing to increasing investments in the energy sector

·       Asian countries, especially India and China, are expected to observe remarkable growth in next few years

·       The market is partially consolidated and competitive in nature, with strong presence of multinational players

·       Some of the key companies in the market are Guardian Industries; Cytec Solvay Group; SABIC; Formosa Plastics; Alcoa Inc.; Allegheny Technology Incorporated; Aleris International; and Covestro LLC.

Grand View Research has segmented the global lightweight materials market on the basis of product, application, and region:

Lightweight Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)

·       Aluminum

·       High Strength Steel

·       Titanium

·       Magnesium

·       Polymers & Composites

·       Others

Lightweight Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)

·       Automotive

·       Aviation

·       Energy

·       Other

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/