DUBLIN--(BUSINESS WIRE)--The "Bioplastic Composites Market for Injection Molding By Polymer, Fiber Type, and End-user Industry - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global bioplastic composites market for injection molding was valued at $18,562 million in 2016, and is projected to reach $39,722 million by 2023, growing at a CAGR of 11.3% from 2017 to 2023. The wood fiber composites segment accounted for more than 91% share of the global bioplastic composites market for injection molding in 2016.
Bioplastics refer to materials that are either biodegradable or non-biodegradable, derived from both renewable and non-renewable resources. The fusion of bio-resources such as plant-derived natural fibers into bioplastic composite structures has gained importance in designing and engineering of bioplastic composites. The natural fibers used in the bioplastics help to enhance particular properties such as stiffness and thermal behavior. Furthermore, natural fibers reduce the price of the bioplastics, improve the bio-based share of the bioplastics, and refine the recyclability properties of the bioplastics composites.
Based on polymer, the market is segmented into natural polymer and synthetic polymer. The natural polymer segment is projected to be the most lucrative segment from 2017 to 2023, owing to its biodegradability and rise in price of substitutes that are made from petroleum products. Furthermore, government and environmental governing bodies across the world have imposed various policies that encourage the use of natural polymers, which fuel the market growth for natural polymers.
On the basis of fiber type, the market is divided into wood fiber composites and non-wood fiber composites. The wood fiber composites segment is estimated to grow at the highest CAGR during the forecast period, due to the high strength & stiffness of the wood fiber composites. Moreover, the cost of production of wood fiber composites is low as compared to non-wood fiber composites, thus lowering the price of the wood fiber composites, which fuels the growth of market.
- Mitsubishi Plastics, Inc.
- Huntsman Corporation
- BASF SE
- Toray Industries, Inc.
- Natureworks LLC
- Corbion NV
- Dow Chemical Company
- Solvay SA
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summery
Chapter 3: Market Overview
Chapter 4: Bioplastic Composites Market For Injection Molding Market, By Polymer
Chapter 5: Bioplastic Composites Market For Injection Molding Market, By Fiber Type
Chapter 6: Bioplastic Composites Market For Injection Molding Market, By End-User Industry
Chapter 7: Bioplastic Composites Market For Injection Molding Market, By Region
Chapter 8: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/mnjsl4/global_bioplastic?w=4