Natural Fiber Composites Market

Natural fiber composites are set of a composite material comprising of a polymer matrix surrounded with high-strength natural fibers, such as jute, oil palm, sisal, kenaf, and flax. The natural fiber composites are material made up of plants, animals, and geological processes. Natural fiber composites have high strength-to-weight ratio, are biodegradable, and available at a lower cost. The natural fiber composites have exceptional physical and mechanical properties, thermal stability, tensile strength, and dimensional stability. Natural fiber composites are used in a range of applications such as Building & Construction, Automotive, Electronics & Electricals, and many others.

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Natural Fiber Composites Market Key Drivers

The major factors contributing to the growth of the global natural fiber composites market include the growing awareness and consumer preference for environmentally friendly green and sustainable products such as glass, carbon, as well as natural fiber composites across the globe. Also, the natural fiber composites are lightweight and consume lower energy to increase fuel efficiency, which is another factor that is boosting the demand for the global natural fiber composites market. Furthermore, the natural fiber composites are stronger than glass fibers, which is encouraging the consumers to opt for natural fiber composites. The increasing number of government regulations regarding the usage of eco-friendly products to decrease the pollutant levels is further propelling the demand of the global natural fiber composites market. However, the low strength properties as compared to the synthetic fiber composites, high fluctuation in cost, and quality of the raw materials are limiting the growth of the global natural fiber composites market.

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Based on the type, the global natural fiber composites market segmented into Wood and Non-Wood. The wood type is expected to grow at a faster CAGR during the forecast period due to the continuous expansion of the construction and building industry around the world. Moreover, the natural fiber composites have lower cost as compared to the synthetic fiber composites and high weight-to-stiffness ratio, which is further surging the growth of the segment. The natural fiber composites broadly used in the applications of railing, fencing, decking, and internal furniture in the construction industry are further propelling the demand of the global natural fiber composites market.

Based on the manufacturing process, the global natural fiber composites market segmented into Compression Molding, Injection Molding, and Other Processes. The compression molding segment is expected to grow at a higher CAGR during the forecast period. This is attributed to the increasing application of compression molding in the automotive, appliance, transportation, and other industries.

Based on the application, the global natural fiber composites market segmented into Building & Construction, Automotive, Electronics & Electricals, and Others. The automotive segment is expected to grow at a faster CAGR during the forecast period owing to the strong demand for lightweight, safe, and fuel-efficient vehicles among the consumers. The big players in the automotive industry, such as GM (U.S.), BMW (Germany), and Audi (Germany) are using non-wood fiber composites for designing the interior and exterior parts of the automotive.

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Regional – Segment Analysis

Based on the region, Asia-Pacific is projected to dominate the market during the forecast period due to the easy availability of the raw materials and the increasing expansion of the capacity by the natural fiber composites manufacturers. Furthermore, the growing demand for the superior performing products in the construction industry and the rising disposable income, coupled with improving standard of living, is further boosting the demand of the global natural fiber composites market in the upcoming years. The North American region is expected to grow at a higher CAGR during the forecast period owing to the high demand for wood-plastic composites in the construction industry.

Top Market Players

Various notable players operating in the market include Fiberon, LLC, Trex Company, Inc., FlexForm Technologies, UPM Biocomposites, Advanced Environmental Recycling Technologies (AERT), Procotex Corporation, TECNARO GMBH, Kafus Bio-Composites Inc., Polyvlies Franz Beyer GmbH & Co. Kg, and FiberGran GmbH& Corp. KG, among others.

Key Developments

• • In 2018, Fiberon announced a strategic partnership with Wolf Home Products to distribute capped composite decking, railing, and cladding throughout in the United States and Canada.

Segments covered in the Report:

The global natural fiber composites market has been segmented based on type, manufacturing process, application, and key regions. Based on type, the market is segmented wood and non-wood. Based on the manufacturing process, the market is segmented compression molding, injection molding, and other processes.

Based on application, the market is segmented building & construction, automotive, electronics & electricals, and others.

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Key questions answered in this research report:

• • At what pace is the global natural fiber composites market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global natural fiber composites market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global natural fiber composites market?
  • Which manufacturing process generated maximum revenues in 2019 and identify the most promising manufacturing process during the forecast period?
  • What are the various application areas of the global natural fiber composites market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Manufacturing Process, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Fiberon, LLC, Trex Company, Inc., FlexForm Technologies, UPM Biocomposites, Advanced Environmental Recycling Technologies (AERT), Procotex Corporation, TECNARO GMBH, Kafus Bio-Composites Inc., Polyvlies Franz Beyer GmbH & Co. Kg, FiberGran GmbH& Corp. KG among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

   Market Segmentation

Global Natural Fiber Composites Market by Type

• • Wood
  • Non-wood

Global Natural Fiber Composites Market by Manufacturing Processes

• • Compression Molding
  • Injection Molding
  • Other Processes

Global Natural Fiber Composites Market by Application

• • Building & Construction
  • Automotive
  • Electronics & Electricals
  • Others

Global Natural Fiber Composites Market by Region

• • North America Natural Fiber Composites Market (Option 1: As a part of the free 25% customization)
    • North America Natural Fiber Composites Market by Type
    • North America Natural Fiber Composites Market by Manufacturing Processes
    • North America Natural Fiber Composites Market by Application
    • US Natural Fiber Composites Market All-Up
    • Canada Natural Fiber Composites Market All-Up
  • Europe Natural Fiber Composites Market (Option 2: As a part of the free 25% customization)
    • Europe Natural Fiber Composites Market by Type
    • Europe Natural Fiber Composites Market by Manufacturing Processes
    • Europe Natural Fiber Composites Market by Application
    • UK Natural Fiber Composites Market All-Up
    • Germany Natural Fiber Composites Market All-Up
    • France Natural Fiber Composites Market All-Up
    • Spain Natural Fiber Composites Market All-Up
    • Rest of Europe Natural Fiber Composites Market All-Up
  • Asia-Pacific Natural Fiber Composites Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Natural Fiber Composites Market by Type
    • Asia-Pacific Natural Fiber Composites Market by Manufacturing Processes
    • Asia-Pacific Natural Fiber Composites Market by Application
    • China Natural Fiber Composites Market All-Up
    • India Natural Fiber Composites Market All-Up
    • Japan Natural Fiber Composites Market All-Up
    • Rest of APAC Natural Fiber Composites Market All-Up
  • ROW Natural Fiber Composites Market (Option 4: As a part of the free 25% customization)
    • ROW Natural Fiber Composites Market by Type
    • ROW Natural Fiber Composites Market by Manufacturing Processes
    • ROW Natural Fiber Composites Market by Application
    • Brazil Natural Fiber Composites Market All-Up
    • South Africa Natural Fiber Composites Market All-Up
    • Saudi Arabia Natural Fiber Composites Market All-Up
    • UAE Natural Fiber Composites Market All-Up
    • Rest of world Natural Fiber Composites Market All-Up

  

Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Fiberon, LLC
  • Trex Company, Inc.
  • FlexForm Technologies
  • UPM Biocomposites
  • Advanced Environmental Recycling Technologies (AERT)
  • Procotex Corporation
  • TECNARO GMBH
  • Kafus Bio-Composites Inc.
  • Polyvlies Franz Beyer GmbH & Co. Kg
  • FiberGran GmbH& Corp. KG