Biocomposites Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecas

Posted By : javed00076 on 2022-02-03   15:28:34    United States
  Biocomposites Biocomposites market Biocomposites market research report Biocomposites market share Biocomposites market analysis Biocomposites market growth Biocomposites market size

Description

The global market of Biocomposites was estimated at USD 24.2 Billion in 2022 and is projected to reach USD 59.8 Billion by 2028, growing at a CAGR of 13.8% during forecast period.

Biocomposites are materials developed from a natural and renewable source. Recently, due to environmental crisis and sustainability issues, there has been a significant increase in the interest in utilizing natural fibers as reinforcing materials. Biocomposites are materials that are made of biodegradable polymers (matrix) and biodegradable supplements.

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