The Market Reports

Synopsis
The global market for Green Composites was estimated to be worth US$ 12060 million in 2024 and is forecast to a readjusted size of US$ 22320 million by 2031 with a CAGR of 9.3% during the forecast period 2025-2031.
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.
Global key players of Green Composites include 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, etc. The top 5 leaders account for about 24% revenue market share. North America is the largest market, has a share about 46%, followed by China and Europe, with share 26% and 20%, separately. The Green Composites is classified into Wood Fibers and Non-Wood Fibers. Wood Fibers accounted for a share of 69% in the global Green Composites market. In terms of application, Building and Construction has a share about 56 percent.
Future development trends
High performance:
Green composite materials will continue to develop towards higher performance to meet more stringent application requirements. By improving the preparation process and optimizing the material formula, the mechanical properties, heat resistance, corrosion resistance, etc. of composite materials can be improved.
Environmental protection:
The production process of green composite materials will pay more attention to environmental protection and sustainability. Environmentally friendly raw materials and production processes are used to reduce energy consumption and pollution in the production process and improve resource utilization efficiency.
Intelligent:
Introduce intelligent manufacturing technology to improve the production efficiency and product quality of green composite materials. Customized production and remote monitoring functions are realized to meet the personalized needs of customers.
Diversified applications:
The application areas of green composite materials will continue to expand, covering more industries and fields. Applications in emerging fields such as new energy and environmental protection equipment will become a new growth point in the green composite material market.
This report aims to provide a comprehensive presentation of the global market for Green Composites, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Green Composites by region & country, by Type, and by Application.
The Green Composites market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.
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
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Green Composites manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of Green Composites in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Green Composites in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index