According to the recent study the natural fiber composites market is projected to reach an estimated $0.6 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. 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 92 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 (polypropylene, polyethylene, polylactic acid, and
others), process (compression molding, injection molding, and others), and
region (North America, Europe, and Rest of the World).
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and view detailed Table of Content by clicking on below link https://www.lucintel.com/natural-fiber-composite-market.aspx
“Flax market is expected to remain the
largest segment during the forecast period.”
Based on fiber, the
natural fiber composites market is segmented into hemp, flax, kenaf, jute, and
others. Lucintel forecasts that the flax market 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 segment is
expected to witness the highest growth in the forecast period.
“Within the natural fiber composites market, the automotive
segment is expected to remain the largest application.”
Based on application the
automotive segment is expected to witness the highest growth over the forecast
period 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.
“Europe will dominate the natural fiber composites market in near
future.”
Europe is expected to
remain the largest market for natural fiber composites because of growth in
applications. Europe is also 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.
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Major players of natural
fiber composites market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Procotex, FlexForm,
FiberGran, GreenGran, and Tecnaro are among the major natural fiber composites
providers.
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 click on this link https://www.lucintel.com/natural-fiber-composite-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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