GITNUX MARKETDATA REPORT 2024

Green Composites Industry Statistics

The green composites industry is experiencing significant growth worldwide, driven by increasing environmental concerns and regulations promoting sustainable and renewable materials.

With sources from: furnituretoday.com, grandviewresearch.com, expertmarketresearch.com, fortunebusinessinsights.com and many more

Statistic 1

The global market for green composites was valued at USD 3.40 billion in 2015.

Statistic 2

The market size of green composites is projected to reach USD 83.7 billion by 2027

Statistic 3

In terms of industry growth, the CAGR was projected at a remarkable 7.0% from 2022 to 2027.

Statistic 4

Wood fibers are key materials used in green composites with a market share of more than half.

Statistic 5

The transportation industry is the largest end-use sector of green composites.

Statistic 6

The Asia Pacific region is expected to experience the highest growth rate in the green composites market, due to increasing demand in countries like India and China.

Statistic 7

The global green composites market is expected to register a significant rise due to the growing concern of environmental sustainability.

Statistic 8

The market share for green composites is expected to expand above USD 6 Billion by 2028, registering a CAGR of around 14% during the period of 2021-2028.

Statistic 9

The thermoplastic resin segment of the green composite market is expected to witness significant growth in the near future.

Statistic 10

The global demand for green composites is predicted to rise with a CAGR of 12% due to the increase in their use in various end-use industries between 2021 and 2025.

Statistic 11

Due to consumer awareness of environmental and health hazards, the bio-based green composites market size is projected to grow significantly.

Statistic 12

According to experts, the hemp segment in the green composite market is expected to have a CAGR of 15% in the forecast period.

Statistic 13

The global green composites market in the automotive industry was worth USD 3.05 billion in 2020 and is expected to reach USD 7.42 billion by 2027, at a CAGR of 13.3%.

Sources Icon Sources

In this post, we examine key statistics and projections in the green composites industry, shedding light on its remarkable growth trajectory and market trends. From the market value to industry segments and regional outlook, these data points offer valuable insights into the evolving landscape of sustainable materials.

Statistic 1

"The global market for green composites was valued at USD 3.40 billion in 2015."

Sources Icon

Statistic 2

"The market size of green composites is projected to reach USD 83.7 billion by 2027"

Sources Icon

Statistic 3

"In terms of industry growth, the CAGR was projected at a remarkable 7.0% from 2022 to 2027."

Sources Icon

Statistic 4

"Wood fibers are key materials used in green composites with a market share of more than half."

Sources Icon

Statistic 5

"The transportation industry is the largest end-use sector of green composites."

Sources Icon

Statistic 6

"The Asia Pacific region is expected to experience the highest growth rate in the green composites market, due to increasing demand in countries like India and China."

Sources Icon

Statistic 7

"The global green composites market is expected to register a significant rise due to the growing concern of environmental sustainability."

Sources Icon

Statistic 8

"The market share for green composites is expected to expand above USD 6 Billion by 2028, registering a CAGR of around 14% during the period of 2021-2028."

Sources Icon

Statistic 9

"The thermoplastic resin segment of the green composite market is expected to witness significant growth in the near future."

Sources Icon

Statistic 10

"The global demand for green composites is predicted to rise with a CAGR of 12% due to the increase in their use in various end-use industries between 2021 and 2025."

Sources Icon

Statistic 11

"Due to consumer awareness of environmental and health hazards, the bio-based green composites market size is projected to grow significantly."

Sources Icon

Statistic 12

"According to experts, the hemp segment in the green composite market is expected to have a CAGR of 15% in the forecast period."

Sources Icon

Statistic 13

"The global green composites market in the automotive industry was worth USD 3.05 billion in 2020 and is expected to reach USD 7.42 billion by 2027, at a CAGR of 13.3%."

Sources Icon

Interpretation

The statistics presented highlight the significant growth potential of the green composites industry, driven by increasing demand for sustainable materials across various end-use sectors. The market is projected to expand rapidly, with a notable CAGR and substantial market value increase expected in the coming years. Wood fibers play a crucial role in green composites, particularly in the transportation industry, which is the largest consumer of these materials. Regions like the Asia Pacific are anticipated to experience substantial growth, further fueling the global market expansion. The shift towards environmentally friendly products and the rising awareness of sustainability issues are key factors contributing to the positive outlook for green composites, with bio-based and thermoplastic resin segments expected to witness significant growth. The forecasted data emphasizes the growth opportunities in this evolving industry, positioning green composites as a promising solution for sustainable material needs.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!