Natural Fiber Composites Market 2024-2028
The natural fiber composites market is forecasted to grow by USD 1001 mn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the natural fiber composites market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by regulations and demand for environment-friendly composites, potential of nfc to replace synthetic fiber composites, and superior properties of nfcs.
Technavio's natural fiber composites market is segmented as below:
- By Type
- Wood fiber
- Non-wood fiber
- By End-user
- Building and construction
- Automotive
- Electrical and electronics
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the innovation in automotive industry as one of the prime reasons driving the natural fiber composites market growth during the next few years. Also, advances in adhesives and binder industry and emergence of lightweight technology will lead to sizable demand in the market.
The report on the natural fiber composites market covers the following areas:
- Natural Fiber Composites Market sizing
- Natural Fiber Composites Market forecast
- Natural Fiber Composites Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading natural fiber composites market vendors that include A.B.COMPOSITES Pvt. Ltd., Avient Corp., Bcomp Ltd., DuPont de Nemours Inc., FlexForm Technologies, GreenCore Composites Inc., GreenGran BN, JELU WERK J. Ehrler GmbH and Co. KG, Meshlin Composites Zrt., Owens Corning, Polyvlies Franz Beyer GmbH, PROCOTEX BELGIUM SA, TECNARO GmbH, Teijin Ltd., Toray Industries Inc., Trex Co. Inc., TTS Inc., UPM Kymmene Corp., and Weyerhaeuser Co.. Also, the natural fiber composites market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.