According to the recent study the natural fiber composites market is projected to reach an estimated $532 Million by 2030 from $460 million in 2023 at a CAGR of 2% from 2023 to 2030. Growth in this market is primarily driven by the rise in demand for lightweight and environmentally sustainable composite materials in various applications, such as automotive, building & construction, and others.
Browse 90 figures/charts
and 75 tables in this 160-page report to understand trends, opportunities and
forecast in natural fiber composites market by application (automotive,
building and construction, and others), fiber (hemp, flax, kenaf, jute, and
others), resin type (polypropylene, polyethylene, polylactic acid, and others),
process (compression molding, injection molding, and others), and by region
(North America, Europe, Rest of the World).
Lucintel forecasts that
automotive segment will remain the largest application by value and volume due
to increasing concern for passenger safety, government mandates for better fuel
economy, and end-of-life vehicles directive. Automotive is expected to witness
highest growth over the forecast period.
Flax natural fiber
composites composites is expected to remain the largest segment due to its
environmentally friendly alternative of synthetic fibers in fiber reinforced
polymer composites. Hemp natural fiber composites composites segment is
expected to witness the highest growth in the forecast period.
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natural fiber composites market
Europe is expected to
remain the largest market for natural fiber composites composites because of
growth in applications and it expected to witness the highest growth over the
forecast period because of due to higher acceptance level of environmentally
sustainable composite materials by automotive OEMs, government directives.
Procotex, FlexForm,
FiberGran, GreenGran, and Tecnaro are the major suppliers in the natural fiber
composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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