Natural Fiber Reinforcement Materials Market Estimated To Experience a Hike in Growth by 2027

Natural fibers are very popular amongst researchers owing to their application in polymer composites, sustainability, and eco-friendly nature. Natural fiber reinforcement materials included materials that are composed of polymer matrix embedded with high strength natural fibers such as oil palm, steel, jute, flax, and Kenaf. These fibers are not synthetic or man-made. There is an increase in demand for naturally derived materials because of the rise in environmental concerns and the unsustainable consumption of petroleum.

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The rise in consumer awareness about environmental protection fuels the growth of natural fiber reinforcement materials. Besides this, an upsurge in the demand from the automotive industry and the environmental-friendly nature of natural fiber reinforcement materials also drives the market growth. However, fluctuation in raw material prices and low strength in comparison with the synthetic fibers restricts the fruitful development of the natural fiber reinforcement materials market.

MARKET SEGMENTATION

The global natural fiber reinforcement materials market is segmented on the basis of type and end-user. On the basis of type, the natural fiber reinforcement materials market is segmented into hemp, flax, Kenaf, jute, ramie, and others. As per end-user, the market is bifurcated into automotive, aerospace, sports, building & construction, and others.

MARKET PLAYERS

Badische Naturfaseraufbereitung GmbH, Bast Fiber LLC, FlexForm Technologies, HempFlax Group B.V., Hempline Inc., Kenaf Industries, NFC Fibers GmbH, Saneco S.A, Tecnaro GmBH, Wilhelm G. ClaseN (GmbH and Co.) KG

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