Global Natural Fiber Composites Market is valued approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Natural fiber composites (NFCs) are composite materials made from natural fibers such as wood, bamboo, flax, hemp, sisal, jute, kenaf, and coconut fibers, among others, and a polymeric matrix. They offer several advantages over traditional synthetic fiber composites, such as being renewable, biodegradable, cost-effective, and lightweight. NFCs are used in a wide range of applications, including automotive, construction, packaging, and consumer goods. For example, in the automotive industry, NFCs are used for interior components such as door panels and seat backs to reduce weight and improve sustainability. In construction, NFCs are used for decking, cladding, and roofing materials. The properties of NFCs can be improved by various methods, such as chemical treatments, mechanical processing, and the addition of nanomaterials. These modifications can enhance the strength, stiffness, and durability of the composite material. The key factor driving the market growth is rising demand from the automotive industry, and growing demand for bio-based composite materials owing to rising environmental concern, that anticipated to create the lucrative demand for the market during forecast period.
Moreover, the natural fiber composites offer an attractive solution for automakers looking for lightweight materials as they are made from renewable resources, have a lower carbon footprint, and can offer comparable strength and stiffness to traditional materials like fiberglass and carbon fiber composites. Thus, the rising automotive industry is anticipated to create the lucrative demand for the natural fiber composites owing rising its application in automotive sector. According to Statista, in 2020, the size of global automotive manufacturing industry was USD 2.71 trillion and the number increased significantly and reached USD 2.95 trillion in 2022. As a result, the rising automotive industry is projected to create the lucrative demand for the market. Additionally, rising use of natural fiber composites is anticipated to create the lucrative opportunity for the market during forecast period. However, the stringent regulations on wood composite products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Natural Fiber Composites Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing demand for biodegradable and lightweight products from the automotive industry, and rising demand in the construction industry in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rapid industrialization, rising disposable income and growing automotive and construction industry in the region is anticipated to support the market growth.
Major market players included in this report are:
- Bcomp Ltd.
- DuPont
- Green Dot Bioplastics Inc.
- JELU-WERK Josef Ehrler GmbH & Co. KG
- Ehrler GmbH & Co. KG,
- Lingrove Inc
- Plasthill Oy
- Polyvlies
- Procotex
- TECNARO GMBH
Recent Developments in the Market:
- In October 2021, Mayco International and Green Dot Bioplastics Inc. are collaborated to acquire trim and scrap fibres for Natural Fibre Reinforced Plastic (NFRP), providing a sustainable alternative for waste produced during the production of automobile components.
Global Natural Fiber Composites Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Fiber Type, Technology, Application, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Fiber Type:
- Wood
- Cotton
- Flax
- Kenaf
- Hemp
- Others
By Technology:
- Injection Molding
- Compression Molding
- Others
By Application:
- Automotive
- Electronics
- Construction
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Natural Fiber Composites Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Natural Fiber Composites Market, by Fiber Type, 2020-2030 (USD Billion)
- 1.2.3. Natural Fiber Composites Market, by Technology, 2020-2030 (USD Billion)
- 1.2.4. Natural Fiber Composites Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Natural Fiber Composites Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Natural Fiber Composites Market Dynamics
- 3.1. Natural Fiber Composites Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand from the automotive industry,
- 3.1.1.2. Growing demand for bio-based composite materials
- 3.1.2. Market Challenges
- 3.1.2.1. Stringent regulations on wood composite products
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising use of natural fiber composites
Chapter 4. Global Natural Fiber Composites Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Natural Fiber Composites Market, by Fiber Type
- 5.1. Market Snapshot
- 5.2. Global Natural Fiber Composites Market by Fiber Type, Performance - Potential Analysis
- 5.3. Global Natural Fiber Composites Market Estimates & Forecasts by Fiber Type 2020-2030 (USD Billion)
- 5.4. Natural Fiber Composites Market, Sub Segment Analysis
- 5.4.1. Wood
- 5.4.2. Cotton
- 5.4.3. Flax
- 5.4.4. Kenaf
- 5.4.5. Hemp
- 5.4.6. Others
Chapter 6. Global Natural Fiber Composites Market, by Technology
- 6.1. Market Snapshot
- 6.2. Global Natural Fiber Composites Market by Technology, Performance - Potential Analysis
- 6.3. Global Natural Fiber Composites Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 6.4. Natural Fiber Composites Market, Sub Segment Analysis
- 6.4.1. Injection Molding
- 6.4.2. Compression Molding
- 6.4.3. Others
Chapter 7. Global Natural Fiber Composites Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Natural Fiber Composites Market by Application, Performance - Potential Analysis
- 7.3. Global Natural Fiber Composites Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Natural Fiber Composites Market, Sub Segment Analysis
- 7.4.1. Automotive
- 7.4.2. Electronics
- 7.4.3. Construction
- 7.4.4. Application
Chapter 8. Global Natural Fiber Composites Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Natural Fiber Composites Market, Regional Market Snapshot
- 8.4. North America Natural Fiber Composites Market
- 8.4.1. U.S. Natural Fiber Composites Market
- 8.4.1.1. Fiber Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Natural Fiber Composites Market
- 8.5. Europe Natural Fiber Composites Market Snapshot
- 8.5.1. U.K. Natural Fiber Composites Market
- 8.5.2. Germany Natural Fiber Composites Market
- 8.5.3. France Natural Fiber Composites Market
- 8.5.4. Spain Natural Fiber Composites Market
- 8.5.5. Italy Natural Fiber Composites Market
- 8.5.6. Rest of Europe Natural Fiber Composites Market
- 8.6. Asia-Pacific Natural Fiber Composites Market Snapshot
- 8.6.1. China Natural Fiber Composites Market
- 8.6.2. India Natural Fiber Composites Market
- 8.6.3. Japan Natural Fiber Composites Market
- 8.6.4. Australia Natural Fiber Composites Market
- 8.6.5. South Korea Natural Fiber Composites Market
- 8.6.6. Rest of Asia Pacific Natural Fiber Composites Market
- 8.7. Latin America Natural Fiber Composites Market Snapshot
- 8.7.1. Brazil Natural Fiber Composites Market
- 8.7.2. Mexico Natural Fiber Composites Market
- 8.8. Middle East & Africa Natural Fiber Composites Market
- 8.8.1. Saudi Arabia Natural Fiber Composites Market
- 8.8.2. South Africa Natural Fiber Composites Market
- 8.8.3. Rest of Middle East & Africa Natural Fiber Composites Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Bcomp Ltd.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. DuPont
- 9.3.3. Green Dot Bioplastics Inc.
- 9.3.4. JELU-WERK Josef Ehrler GmbH & Co. KG
- 9.3.5. Ehrler GmbH & Co. KG,
- 9.3.6. Lingrove Inc
- 9.3.7. Plasthill Oy
- 9.3.8. Polyvlies
- 9.3.9. Procotex
- 9.3.10. TECNARO GMBH
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption