DUBLIN--(BUSINESS WIRE)--The "Global Natural Fiber Reinforced Composites Market - Segmented by Fiber Type, Polymer, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The natural fiber reinforced composites market is expected to register a significant growth during the forecast period of 2018-2023. Mounting demand for bio-based composites from the automotive industry is expected to drive the market through the forecast period.
Natural fiber reinforced polymer composites have gained a significant importance in different automotive applications by many automotive companies, such as German auto companies (BMW, Audi Group, Ford, Opel, Volkswagen, Daimler Chrysler, and Mercedes), Proton company (Malaysian national carmaker), and Cambridge industry (an auto industry in the United States).
The global demand for natural fiber reinforced composites in the automotive industry is projected to increase substantially during the forecast period owing to features such as weight reduction, economical cost, and marketing rather than technical demands.
In 2017, the automotive end-user industry dominated the global market.
Non-wood fiber segment accounted for the largest market in global natural fiber reinforced composites market. The market dominance of the non-wood fiber segment is due to the widespread applications of the bast fibers. For instance, jute thermoplastic board have been found to be an effective material in the construction industry in order to produce sheets or boards, doors, window frames, furniture, fence, corrugated sheets, and chequered boards, etc.
Bast fiber-based composites may be considered as a focused area of development, as it holds the prospect of an entirely new application area leading to future developments and an increased market share for non-wood fiber segment.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis
7. Competitive Landscape
8. Company Profiles
- Advanced Environmental Recycling Technologies Inc. (AERT)
- Flexform Technologies
- Greencore Composites Inc.
- Greengran BV
- Jelu-Werk Josef Ehrler GmbH & Co. Kg
- Meshlin Composites Zrt
- Polyvlies Franz Beyer GmbH & Co. Kg
- Procotex SA Corporation NV
- Tecnaro GmbH
- Trex Company Inc.
- TTS (Tekle Technical Services Inc.)
- UPM Biocomposites
- Weyerhaeuser Company
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