The Natural Fiber Reinforced Composites Market size is estimated at 4.36 Million tons in 2024, and is expected to reach 6.56 Million tons by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029).
In the medium term, factors such as the increasing demand for bio-based composites and the growth of the global automotive industry are likely to drive the natural fiber-reinforced composites market between 2024 and 2029.
The natural fiber reinforced composites market is fragmented in nature. Major players (not in any particular order) include Trex Company Inc., The AZEK Company Inc., Oldcastle APG Inc., UPM, and Amorim Cork Composites SA.
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