Green Composites Market Share

APAC Market Forecasts

In Asia Pacific, the green composites market is poised to observe the largest share of 33 percent by the end of 2036. The market is expanding with the high manufacturing output of industries in the region, mainly construction, automotive, and defense.  Population growth and urbanization in the region are increasing the demand for eco-friendly materials in these industries, creating opportunities for eco-friendly composites.

North American Market Statistics

The green composites market in the North America region is expected to grow significantly in the near future. This can be credited to stringent government initiatives to regulate the use of low-emission products in the region. In addition, the strong footprint of market players is also forecasted to propel market growth in the region in the future. In addition, the increasing demand for high-performance composite materials, followed by the growing aerospace industry in the region, is projected to elevate the growth of the market in the North America region. As per the International Trade Administration U.S. Department of Commerce, the aero trade balance increased to USD 77,590 million in 2019 from USD 54,937 million in 2010.