All updated as on -
The size of the global market for natural fiber composites, which was estimated at USD 7.09 billion in 2022, is expected to increase from that amount to USD 25.62 billion by 2030, rising at a CAGR of 16.45% over the forecast period (2023-2030).
The desire for sustainable and environmentally friendly materials is rising across a variety of industries, and this demand is a major driver of the global market for natural fiber composites. Jute, hemp, flax, kenaf, and sisal are a few examples of natural fibers that can be used in natural fiber composites as reinforcement in a polymer matrix. Natural fiber composites are superior to conventional materials in a number of ways, such as reduced carbon footprint, renewable source, and biodegradability. The market for natural fiber composites is anticipated to steadily increase as sustainable practices become more and more of a priority for governments and organizations around the world. An important portion of the global market for natural fiber composites belongs to the automobile sector. Natural fiber composites are being used more frequently by automakers for interior parts including door panels, dashboards, and seat backs because they offer weight reduction, increased fuel efficiency, and improved sustainability. Moreover, the adoption of natural fiber composites in the automotive industry is being driven by the strict laws surrounding car emissions and the focus on minimizing environmental effect. The packaging sector is also seen a movement in favor of composite materials made of natural fibers. Manufacturers of packaging are looking on renewable and biodegradable alternatives to traditional plastic packaging materials. Natural fiber composites provide a workable alternative because they are environmentally benign and sufficiently strong and durable. The need for natural fiber composites in the packaging industry is further fueled by consumers' growing preference for environmentally friendly packaging choices.
A type of composite material known as a "natural fiber composite" (NFC) uses reinforcement fibers made from renewable, carbon dioxide-neutral resources like plants or wood. Due to their appealing physical traits and chemical makeup, NFCs are a suitable replacement for glass fiber and carbon fiber. Additionally, they have a lengthy shelf life and are environmentally beneficial. Additionally, NFCs can be used in furniture and automotive parts because to their low weight.
The demand for lighter, safer, more fuel-efficient, and electric automobiles is propelling the market for natural fiber composites. This is explained by the greater strength, stiffness, fracture resistance, and thermal & acoustic insulation properties that these fibers display. NFC technology also lowers the cost of parts used in automotive applications. Composite manufacturing is quickly becoming a more cost-effective option than conventional methods for making vehicle components. The use of plant-based fibers including bamboo, kenaf, hemp, jute, flax, coir, sisal, and banana supports this environmentally friendly strategy.
Composites made of natural fibers are widely available and renewable. In contrast, synthetic fibers like glass, carbon, and aramid are not renewable and have a degradability issue. Both natural fibers and thermoplastic materials like polypropylene and polyethylene are easily recyclable. As they are less expensive and more environmentally friendly than other fibers, natural fibers, particularly flax and hemp, are being utilized more frequently in place of glass and carbon fibers. The demand on the automotive sector to handle disposal issues is projected to intensify as a result of recent and upcoming legislation pertaining to waste management in industrialized nations. Composites are most frequently disposed of in landfills. To address the issue of managing composite waste through trash minimization, recycling, and reuse, a number of nations and organizations would need to implement strict legislation.
The benefits of employing natural fiber composites and their potential to replace frequently used synthetic items are not well known to users. The industry for natural fiber composites has to raise knowledge of the advantages of better characteristics, lighter weight, easy maintenance, and longer life. Comparing the Asia Pacific region to the US and Europe, China and India have very low composite consumption rates. With cheaper labor costs and a large variety of raw resources, the Asia Pacific region has a chance to thrive in this industry. People in Asia and the Pacific are ignorant of the potential uses for natural fiber composites. Environmental protection-related policies are also lacking in the nations in the Asia-Pacific region. Manufacturers should focus on increasing public awareness in order to expand the market for both current and future uses of natural fiber composites.
The need for eco-friendly and lightweight materials is the primary market trend in the worldwide natural fiber composites market. Natural fiber composites are a more environmentally friendly choice than conventional synthetic fiber composites since they are produced from renewable resources. They are also lightweight, which makes them an excellent choice for industries like the automobile and aerospace where weight is important.
Report Coverage
Global Natural Fiber Composites research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Fiber Composites report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Fiber Composites competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Fiber Composites market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Fiber Composites market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Fiber Composites market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Procotex SA Corporation NV (Belgium), Polyvlies Franz Beyer GMBH & Co. KG (Germany), Tecnaro GmbH (Germany), FlexForm Technologies (US), Meshlin Composites Zrt (Hungary), GreenCore Composites Inc. (Canada), GreenGran B.V. (Netherlands), and Jelu-werk Josef Ehrler GmbH Co & Co. KG (Germany), Plasthill Oy, Lingrove Inc, Bcomp Ltd., DuPont, UPM Biocomposites (Finland), Technaro GmbH (Germany), Fiberon LLC (US), Trex Company, Inc. (US), TTS (US), Fiberon Composites (US), NewTechWood (US), JELU-WERK (Germany), Fiberon LLC (US), Universal Forest Products, Inc. (US), Green Dot Holdings LLC (US), Stora Enso Oyj (Finland), NFP fibers (US), Bedell Guitars (US), Alpenglow Industrial Co., Ltd. (China).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Fiber Composites market based on the below-mentioned segments:
Global Natural Fiber Composites Market, By Type
Flax
Kenaf
Hemp
Others
Global Natural Fiber Composites market, By Manufacturing Process
Compression Molding
Injection Molding
Others
Global Natural Fiber Composites Market, By End User
Automotive
Building & Construction
Others
Global Natural Fiber Composites market, Regional Analysis
The desire for sustainable and environmentally friendly materials is rising across a variety of industries, and this demand is a major driver of the global market for natural fiber composites. Jute, hemp, flax, kenaf, and sisal are a few examples of natural fibers that can be used in natural fiber composites as reinforcement in a polymer matrix. Natural fiber composites are superior to conventional materials in a number of ways, such as reduced carbon footprint, renewable source, and biodegradability. The market for natural fiber composites is anticipated to steadily increase as sustainable practices become more and more of a priority for governments and organizations around the world. An important portion of the global market for natural fiber composites belongs to the automobile sector. Natural fiber composites are being used more frequently by automakers for interior parts including door panels, dashboards, and seat backs because they offer weight reduction, increased fuel efficiency, and improved sustainability. Moreover, the adoption of natural fiber composites in the automotive industry is being driven by the strict laws surrounding car emissions and the focus on minimizing environmental effect. The packaging sector is also seen a movement in favor of composite materials made of natural fibers. Manufacturers of packaging are looking on renewable and biodegradable alternatives to traditional plastic packaging materials. Natural fiber composites provide a workable alternative because they are environmentally benign and sufficiently strong and durable. The need for natural fiber composites in the packaging industry is further fueled by consumers' growing preference for environmentally friendly packaging choices.
A type of composite material known as a "natural fiber composite" (NFC) uses reinforcement fibers made from renewable, carbon dioxide-neutral resources like plants or wood. Due to their appealing physical traits and chemical makeup, NFCs are a suitable replacement for glass fiber and carbon fiber. Additionally, they have a lengthy shelf life and are environmentally beneficial. Additionally, NFCs can be used in furniture and automotive parts because to their low weight.
The demand for lighter, safer, more fuel-efficient, and electric automobiles is propelling the market for natural fiber composites. This is explained by the greater strength, stiffness, fracture resistance, and thermal & acoustic insulation properties that these fibers display. NFC technology also lowers the cost of parts used in automotive applications. Composite manufacturing is quickly becoming a more cost-effective option than conventional methods for making vehicle components. The use of plant-based fibers including bamboo, kenaf, hemp, jute, flax, coir, sisal, and banana supports this environmentally friendly strategy.
Composites made of natural fibers are widely available and renewable. In contrast, synthetic fibers like glass, carbon, and aramid are not renewable and have a degradability issue. Both natural fibers and thermoplastic materials like polypropylene and polyethylene are easily recyclable. As they are less expensive and more environmentally friendly than other fibers, natural fibers, particularly flax and hemp, are being utilized more frequently in place of glass and carbon fibers. The demand on the automotive sector to handle disposal issues is projected to intensify as a result of recent and upcoming legislation pertaining to waste management in industrialized nations. Composites are most frequently disposed of in landfills. To address the issue of managing composite waste through trash minimization, recycling, and reuse, a number of nations and organizations would need to implement strict legislation.
The benefits of employing natural fiber composites and their potential to replace frequently used synthetic items are not well known to users. The industry for natural fiber composites has to raise knowledge of the advantages of better characteristics, lighter weight, easy maintenance, and longer life. Comparing the Asia Pacific region to the US and Europe, China and India have very low composite consumption rates. With cheaper labor costs and a large variety of raw resources, the Asia Pacific region has a chance to thrive in this industry. People in Asia and the Pacific are ignorant of the potential uses for natural fiber composites. Environmental protection-related policies are also lacking in the nations in the Asia-Pacific region. Manufacturers should focus on increasing public awareness in order to expand the market for both current and future uses of natural fiber composites.
The need for eco-friendly and lightweight materials is the primary market trend in the worldwide natural fiber composites market. Natural fiber composites are a more environmentally friendly choice than conventional synthetic fiber composites since they are produced from renewable resources. They are also lightweight, which makes them an excellent choice for industries like the automobile and aerospace where weight is important.
Report Coverage
Global Natural Fiber Composites research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Fiber Composites report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Fiber Composites competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Fiber Composites market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Procotex SA Corporation NV (Belgium), Polyvlies Franz Beyer GMBH & Co. KG (Germany), Tecnaro GmbH (Germany), FlexForm Technologies (US), Meshlin Composites Zrt (Hungary), GreenCore Composites Inc. (Canada), GreenGran B.V. (Netherlands), and Jelu-werk Josef Ehrler GmbH Co & Co. KG (Germany), Plasthill Oy, Lingrove Inc, Bcomp Ltd., DuPont, UPM Biocomposites (Finland), Technaro GmbH (Germany), Fiberon LLC (US), Trex Company, Inc. (US), TTS (US), Fiberon Composites (US), NewTechWood (US), JELU-WERK (Germany), Fiberon LLC (US), Universal Forest Products, Inc. (US), Green Dot Holdings LLC (US), Stora Enso Oyj (Finland), NFP fibers (US), Bedell Guitars (US), Alpenglow Industrial Co., Ltd. (China). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Natural Fiber Composites Market from 2021 to 2030.
- Market Forecast for Natural Fiber Composites Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Natural Fiber Composites competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Natural Fiber Composites
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Fiber Composites market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Fiber Composites market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Procotex SA Corporation NV (Belgium), Polyvlies Franz Beyer GMBH & Co. KG (Germany), Tecnaro GmbH (Germany), FlexForm Technologies (US), Meshlin Composites Zrt (Hungary), GreenCore Composites Inc. (Canada), GreenGran B.V. (Netherlands), and Jelu-werk Josef Ehrler GmbH Co & Co. KG (Germany), Plasthill Oy, Lingrove Inc, Bcomp Ltd., DuPont, UPM Biocomposites (Finland), Technaro GmbH (Germany), Fiberon LLC (US), Trex Company, Inc. (US), TTS (US), Fiberon Composites (US), NewTechWood (US), JELU-WERK (Germany), Fiberon LLC (US), Universal Forest Products, Inc. (US), Green Dot Holdings LLC (US), Stora Enso Oyj (Finland), NFP fibers (US), Bedell Guitars (US), Alpenglow Industrial Co., Ltd. (China).
Primary Target Market
- Market Players of Natural Fiber Composites
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Fiber Composites market based on the below-mentioned segments:
Global Natural Fiber Composites Market, By Type
Flax
Kenaf
Hemp
Others
Global Natural Fiber Composites market, By Manufacturing Process
Compression Molding
Injection Molding
Others
Global Natural Fiber Composites Market, By End User
Automotive
Building & Construction
Others
Global Natural Fiber Composites market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive natural fiber composites market market research and competitor analysis for your business to help you develop more profound insights into the natural fiber composites market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the natural fiber composites market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.