Global Natural Fiber Reinforced Polymer Composite Market Growth 2023-2029

Global Natural Fiber Reinforced Polymer Composite Market Growth 2023-2029

Natural fibers that are mainly from plants, animals and regenerated sources are degradable and environmentally friendly as they absorb carbon dioxide and release oxygen, they are cost effective when compare to the synthetic fibers. These materials mainly from plant are used initially for domestics' purposes. The applications of natural fibers are growing in many sectors such as automobiles, furniture, packing and construction. This is mainly due to their advantages compared to synthetic fibers, i.e. low cost, low weight, less damage to processing equipment, improved surface finish of moulded parts composite, good relative mechanical properties, abundant and renewable resources. Natural fibers are used in various applications such as building materials, particle boards, insulation boards, human food and animal feed, cosmetics, medicine and for other biopolymers and fine chemicals.
The common natural fibers used for Natural Fiber Reinforced Polymer Composites (NFRPC) are, cotton, sisal, coir, jute, hemp, flax, banana, bamboo etc. Natural fibers reinforced composites are emerging very rapidly as the potential substitute to the metal or ceramic based materials in applications that also include automotive, aerospace, marine, sporting goods and electronic industries.
LPI (LP Information)' newest research report, the “Natural Fiber Reinforced Polymer Composite Industry Forecast” looks at past sales and reviews total world Natural Fiber Reinforced Polymer Composite sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Fiber Reinforced Polymer Composite sales for 2023 through 2029. With Natural Fiber Reinforced Polymer Composite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Fiber Reinforced Polymer Composite industry.
This Insight Report provides a comprehensive analysis of the global Natural Fiber Reinforced Polymer Composite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Fiber Reinforced Polymer Composite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Fiber Reinforced Polymer Composite market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Fiber Reinforced Polymer Composite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Fiber Reinforced Polymer Composite.
The global Natural Fiber Reinforced Polymer Composite market size is projected to grow from US$ 7849.8 million in 2022 to US$ 14860 million in 2029; it is expected to grow at a CAGR of 14860 from 2023 to 2029.
Globally, the main manufacturers of Natural Fiber Reinforced Polymer Composite include Trex Company,Inc,The AZEK Company and Fiberon LLC,etc. Among them, Trex Company,Inc has the largest market share of over 10 percent. Asia-Pacific is the largest market, holds a share over 30 percent.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Fiber Reinforced Polymer Composite market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Wood Fibre Reinforced Polymer Composite
Bast Fibre Reinforced Polymer Composite
Others
Segmentation by application
Automotive
Building & Construction
Sports and Leisure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Trex Company,Inc
The AZEK Company
Fiberon LLC
Avient Corporation (PolyOne)
Oldcastle Architectural (AERT)
Anhui Sentai WPC Group
UPM Biocomposites
Tecnaro GmbH
TTS Inc
FlexForm Technologies
Procotex Corporation
Polyvlies Group
Bcomp Ltd.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Fiber Reinforced Polymer Composite market?
What factors are driving Natural Fiber Reinforced Polymer Composite market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Fiber Reinforced Polymer Composite market opportunities vary by end market size?
How does Natural Fiber Reinforced Polymer Composite break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.