Natural Fiber Composites Market: Latest Innovations, Drivers and Industry Key Events 2020–2027

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

Competitive Rivalry of the Natural Fiber Composites Market:

The leading players in the natural fiber composites market include Fiberon, LLC, UPM Biocomposites, Trex Company, Inc., FlexForm Technologies, Kafus Bio-Composites Inc., Advanced Environmental Recycling Technologies (AERT), FiberGran GmbH& Corp. KG, Procotex Corporation, Polyvlies Franz Beyer GmbH & Co. Kg, TECNARO GMBH, and among others.

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Drivers of the Natural Fiber Composites Market:

The key factors surging the growth of the global natural fiber composites market include the rising awareness, consumer preference for environmentally friendly green and sustainable products such as carbon, glass, as well, as natural fiber composites at a global level. Moreover, the natural fiber composites are lightweight and consume lower energy to raise fuel efficiency, which is another factor that is fuelling the demand for the global natural fiber composites market. Additionally, the natural fiber composites are stronger than glass fibers, which is motivating the consumers to opt for natural fiber composites.

The growing number of government regulations related to the usage of eco-friendly products to reduce the pollutant levels is further accelerating the demand of the global natural fiber composites market. On the other hand, the low strength properties in comparison to the synthetic fiber composites, quality of the raw materials, and high fluctuation in cost are hampering the growth of the global natural fiber composites market.

Based on the manufacturing process, the global natural fiber composites market segmented into compression molding, injection molding, and other processes. The compression molding segment is projected to grow at a higher CAGR during the forecast period due to the growing application of compression molding in the automotive, transportation, appliance, and other industries.

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Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Type:

Wood
Non-wood

Breakup by Manufacturing Processes:

Compression Molding
Injection Molding
Other Processes

Breakup by Application:

Building & Construction
Automotive
Electronics & Electricals
Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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