Green Composites Industry Eyeing Admirable Growth due to Increasing Environmental Concerns
Market Analysis The global green composites market is predicted to grow at a significant CAGR between 2022 – 2030, according to the recent Market Research Future (MRFR) report. Green composites are created from renewable-resource-based polymers, or biopolymers that are reinforced with natural fibers or bio-fillers. They are biodegradable, renewable, and recyclable. Green composites largely reduce the dependency on fossil fuels when utilized in interior applications. They are of two types- wood fibers and non-wood fibers, Wood fibers comprise sisal, kenaf, jute, hemp, and others, while the non-wood fibers include polyvinyl chloride, polypropylene, polyethylene, and others. Owing to its excellent properties such as eco-friendly nature, cost-effectiveness, formability, & abundance, and plentiful benefits, green composites have wide applications in different end use industries including packaging, military, healthcare, construction, automotive and transportation, aerospace,...