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
Natural Fiber Composites Market 2022-2026: Segmentation
The global natural fiber composites market is segmented as below:
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.
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.
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:
Natural Fiber Composites Market size
Natural Fiber Composites Market trends
Natural Fiber Composites Market industry analysis
Natural Fiber Composites Market 2022-2026: Vendor Analysis
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.
Natural Fiber Composites Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist natural fiber composites market growth during the next five years
Estimation of the natural fiber composites market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the natural fiber composites market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of natural fiber composites market vendors
Silicon Carbide Fiber Market by Application and Geography - Forecast and Analysis 2022-2026
Bio-soluble Fiber Market by End-user and Geography - Forecast and Analysis 2022-2026
Natural Fiber Composites Market Scope
Accelerate at a CAGR of 3.69%
North America, APAC, Europe, South America, and Middle East and Africa
US, Canada, China, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Wood fiber - Market size and forecast 2021-2026
5.4 Non-wood fiber - Market size and forecast 2021-2026
6.3 Building and construction - Market size and forecast 2021-2026
6.4 Automotive - Market size and forecast 2021-2026
6.5 Electrical and electronics - Market size and forecast 2021-2026
6.6 Others - Market size and forecast 2021-2026
8.3 North America - Market size and forecast 2021-2026
8.4 APAC - Market size and forecast 2021-2026
8.5 Europe - Market size and forecast 2021-2026
8.6 South America - Market size and forecast 2021-2026
8.7 Middle East and Africa - Market size and forecast 2021-2026
8.8 US - Market size and forecast 2021-2026
8.9 China - Market size and forecast 2021-2026
8.10 Canada - Market size and forecast 2021-2026
8.11 Germany - Market size and forecast 2021-2026
8.12 France - Market size and forecast 2021-2026
9.3 Impact of drivers and challenges
11.6 JELU WERK J. Ehrler GmbH and Co KG
12.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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