Natural Fiber Composites Market to record USD 1.135 Bn growth -- Driven by regulations and demand for environment-friendly composites
NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The natural fiber composites market size is expected to grow by USD 1.135 billion, accelerating at a CAGR of 3.69% between 2021 and 2026. Technavio has tracked the recent trends and developments in the commodity chemicals industry. The report considers various factors including the impact of COVID-19 on the market, investments in end-user industries, growth of the construction industry, and revenue generated by vendors among others to estimate the size of the market. Understand the scope of our full report on the global natural fiber composites market. Download PDF Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A.B.COMPOSITES Pvt. Ltd., Avient Corp., Bcomp Ltd., 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, Taishan Fiberglass Inc., TECNARO GmbH, Teijin Ltd., Toray Industries Inc., TTS Inc., UPM Kymmene Corp., Weyerhaeuser Co., DuPont de Nemours Inc, and Trex Co. Inc. are some of the major market participants.
The market is driven by regulations and demand for environment-friendly composites. Fiber-reinforced composites find applications in a number of end-user applications. However, their high cost and harmful effects on the environment are limiting their adoption. Also, they are non-renewable and non-recyclable. Besides, many regulatory bodies across the world have introduced several regulations that are compelling end-users to prefer products that are natural and recyclable. All these factors are replacing synthetic fiber composites with natural fiber composites in end-user applications across various industries, which is driving the growth of the market.
In addition, the potential of NFC to replace synthetic fiber composites and the superior properties of NFCs will offer immense growth opportunities. However, the low strength of NFCs in comparison with synthetic composites will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The global natural fiber composites market is segmented as below:
Type
Wood Fiber
Non-wood Fiber
The market will observe significant growth in the wood fiber segment during the forecast period. The increasing preference for wood fiber composites over other materials in home and industrial construction applications is driving the growth of the segment.
End-user
Building and Construction
Automotive
Electrical and Electronics
Others
The building and construction industry is the prime end-user in the market. The increasing popularity of natural fiber composites in non-structural construction applications, such as floor lamination is driving the growth of the segment.
Geography
North America
APAC
Europe
South America
The Middle East and Africa
39% of the market growth will originate in North America during the forecast period. The rise in the construction of residential buildings, growing demand for home furnishings, and expected growth of the automobile industry are driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our natural fiber composites market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the natural fiber composites market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the natural fiber composites market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Exhibit 122: JELU WERK J. Ehrler GmbH and Co KG - Overview
Exhibit 123: JELU WERK J. Ehrler GmbH and Co KG - Product / Service
Exhibit 124: JELU WERK J. Ehrler GmbH and Co KG - Key offerings
11.7 Polyvlies Franz Beyer GmbH
Exhibit 125: Polyvlies Franz Beyer GmbH - Overview
Exhibit 126: Polyvlies Franz Beyer GmbH - Product / Service
Exhibit 127: Polyvlies Franz Beyer GmbH - Key offerings
11.8 TECNARO GmbH
Exhibit 128: TECNARO GmbH - Overview
Exhibit 129: TECNARO GmbH - Product / Service
Exhibit 130: TECNARO GmbH - Key offerings
11.9 Teijin Ltd.
Exhibit 131: Teijin Ltd. - Overview
Exhibit 132: Teijin Ltd. - Business segments
Exhibit 133: Teijin Ltd. - Key offerings
Exhibit 134: Teijin Ltd. - Segment focus
11.10 Trex Co. Inc.
Exhibit 135: Trex Co. Inc. - Overview
Exhibit 136: Trex Co. Inc. - Business segments
Exhibit 137: Trex Co. Inc. - Key offerings
Exhibit 138: Trex Co. Inc. - Segment focus
11.11 UPM Kymmene Corp.
Exhibit 139: UPM Kymmene Corp. - Overview
Exhibit 140: UPM Kymmene Corp. - Business segments
Exhibit 141: UPM Kymmene Corp. - Key news
Exhibit 142: UPM Kymmene Corp. - Key offerings
Exhibit 143: UPM Kymmene Corp. - Segment focus
11.12 Weyerhaeuser Co.
Exhibit 144: Weyerhaeuser Co. - Overview
Exhibit 145: Weyerhaeuser Co. - Business segments
Exhibit 146: Weyerhaeuser Co. - Key news
Exhibit 147: Weyerhaeuser Co. - Key offerings
Exhibit 148: Weyerhaeuser Co. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 149: Inclusions checklist
Exhibit 150: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 151: Currency conversion rates for US$
12.4 Research methodology
Exhibit 152: Research methodology
Exhibit 153: Validation techniques employed for market sizing
Exhibit 154: Information sources
12.5 List of abbreviations
Exhibit 155: List of abbreviations
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