Natural Fiber Reinforced Composites Market, By Fiber Type (Wood Fiber Composites, Non-wood Fiber Composites), By Polymer (Thermosets, Thermoplastics), By End-User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Sports, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
The properties of Natural Fiber Reinforced Composites can be varied, as these materials are derived from both plant and animal sources. Mechanical properties of natural fibers depend on the matrix, fillers, fiber content, fabrication processes and many other variables. The main benefits of natural fibers include their low density and high specific strength properties. This means that they can be used in a variety of applications, including construction and manufacturing. These composites can also be made from agricultural wastes.
Market Dynamics:
Increasing demand from automotive and construction industry due to its lightweight, excellent specific mechanical properties, low cost, and low density properties is driving growth of the natural fiber reinforced market. On the other hand, low impact resistance properties as compared to glass reinforced composite and fluctuating price of raw materials are expected to hinder market growth.
Nevertheless, increasing research &developments activities and growing application in electronic industry are expected to bring bright opportunities for the market players.
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