Natural Fiber Composites Market Growth Set to Surge
Significantly during the Forecast to 2030

Natural Fiber Composites Market research
report by Delvens focuses on primary sections such as – market segments, market
outlook, competitive landscape, and company profiles. The segments provide
details in terms of various perspectives such as end-use industry, product or
service type, and any other relevant segmentation as per the market’s current
scenario which includes various aspects to perform further marketing activity, the
global Natural Fiber Composites market size was estimated at USD 328.2 million
in 2023 and is projected to reach USD 496.4 million in 2030 at a CAGR of 6.1%
during the forecast period to 2030.

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Fiber-reinforced composites are in reasonably high demand.
They are not eco-friendly, though, and are pricey. These fibers cannot be
recycled or renewed. Regulations for the automobile sector have been introduced
in several Asian and European Union nations. In accordance with laws adopted by
the European Union in 2006, 80% of cars must be recycled or reused; in the 2015
version, this percentage increased to 85%. A 2015 rule in Japan mandates that
95% of automobiles should be recycled or repurposed.

North America to
Dominate the Market

·       
Natural fiber composites are increasingly used
in a variety of industries, including automotive, electrical & electronics,
and building & infrastructure, which is primarily driving the growth of the
natural fiber composites market in Asia Pacific. Countries like China, India,
and Japan dominate the market in these end-use industries.

·       
The Asia Pacific area is the leader in the
world's building and construction sector, which enjoys significant growth there
due to substantial infrastructure development activities in the majority of
countries. Large-scale infrastructure projects, building & construction
projects, as well as civil and environmental applications, are being funded by
emerging economies including China, India, Japan, Malaysia, Indonesia, and
South Korea.

The Prominent Players
in the Natural Fiber Composites Market:

·       
Trec Company, Inc.

·       
FlexForm Technologies

·       
Fiberon Technologies, Inc.

·       
The AZEK Company LLC

·       
Polyvlies

·       
Procotex

·       
DuPont

·       
GreenCore Composites Inc.

·       
Meshlin Composites Zrt

·       
GreenGran B.V.

·       
UPM

·       
Plasthill Oy

·       
Green Dot Bioplastics Inc

·       
Tecnaro GmbH

·       
Jelu-werkJ

·       
Ehrler GmbH & Co.

·       
Bcomp Ltd.

·       
Lingrove Inc and More

Key Findings of Natural
Fiber Composites Market:

·       
By fiber type, Load-bearing structures including
beams, roofs, multifunctional panels, water tanks, and pedestrian bridges are
made using natural fiber composites. NFCs are also used to create structural
beams and frames for pedestrian bridges with light to medium design loads.

·       
By technology, the market is divided into
injection molding, compression molding, and other categories based on
technology. In 2022, the category that dealt with injection molding had the
biggest market share. A common manufacturing procedure for mass production is
injection molding.

·       
By application, the market is divided into
automotive, electronics, construction, and other applications. In 2022, the
automotive industry accounted for the highest market share. Automobile
manufacturers all over the world have increased their investments as a result
of the growing demand for hybrid and electric vehicles.

·       
The market is divided into four regions based on
geography: North America, Europe, Asia-Pacific, and LAMEA. With a sizable
population and a developing middle class, the Asia-Pacific area is one of the
regions of the globe that is expanding the quickest.

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