DUBLIN--(BUSINESS WIRE)--The "Trends, Opportunities and Competitive Analysis of the Natural Fiber Composite Market" report has been added to ResearchAndMarkets.com's offering.
The global natural fiber composites market is expected to decline in 2020 due to the global economic recession led by COVID-19 However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.6 billion by 2026 with a CAGR of 5.2% from 2021 to 2026.
The future of the global natural fiber composites market looks promising with opportunities in automotive, and building and construction applications. The major driver for the growth of this market is the rise in demand for lightweight and environmentally sustainable composite materials in various applications, such as automotive, building & construction, and others.
Emerging trends, which have a direct impact on the dynamics of the industry, include government support to innovate and commercial use of bio-based composites, and emergence of new applications.
In this market, hemp, flax, kenaf, and jute are the major fibers used for in different applications. The analyst forecasts that flax natural fiber 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 segment is expected to witness the highest growth in the forecast period.
Within the global natural fiber composites market, automotive segment will remain the largest application by value and value 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 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.
Some of the global natural fiber composites manufacturers profiled in this report include Procotex, FlexForm, FiberGran, GreenGran, and Tecnaro.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market trends and forecasts Analysis from 2015 to 2026
3.1: Macroeconomic trends and forecasts
3.1.1: Macroeconomic Trends
3.1.2: Macroeconomic Forecast
3.2: Global Natural Fiber Composites Market trends and forecasts
3.3: Global Natural Fiber Composites Market by Application
3.3.1: Automotive
3.3.2: Building and Construction
3.3.3: Others
3.4: Global Natural Fiber Composites Market by Process
3.4.1: Compression Molding
3.4.2: Injection Molding
3.4.3: Others
3.5: Global Natural Fiber Composites Market by Fiber
3.5.1: Hemp
3.5.2: Flax
3.5.3: Kenaf
3.5.4: Jute
3.5.5: Others
3.6: Global Natural Fiber Composites Market by Resin
3.6.1:Polypropylene
3.6.2: PE
3.6.3: PLA
3.6.4: Others
4. Market trends and forecasts Analysis by Region
4.1: Global Natural Fiber Composites Market by Region
4.2: North American Natural Fiber Composites Market
4.2.1: Market by Application: Automotive, Building and Construction, and Others
4.3: European Natural Fiber Composites Market
4.4: ROW Natural Fiber Composites Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter's Five Forces Analysis
6. Growth Opportunity and Strategic Analysis
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for Global Natural Fiber Composites Market by Application
6.1.2: Growth Opportunities for Global Natural Fiber Composites Market by Process
6.1.3: Growth Opportunities for Global Natural Fiber Composites Market by Fiber Type
6.1.4:Growth Opportunities for Global Natural Fiber Composites Market by Resin Type
6.1.5: Growth Opportunities for the Global Natural Fiber Composites Market by Region
6.1.6: Innovations in Global Natural Fiber Composites Market
6.2: Emerging Trends in the Global Natural Fiber Composites Market
6.3: Strategic Analysis
6.3.1: Capacity Expansion of the Global Natural Fiber Composites Market
6.3.2: Mergers, Acquisitions, and Joint Ventures in the Global Natural Fiber Composites Market
7. Company Profiles of Leading Players
7.1: Procotex Corporation S.A.
7.2: FlexForm Technologies
7.3: FIBERGRAN GMBH & CO. KG
7.4: GreenGran B.V
7.5: Tecnaro GMBH
For more information about this report visit https://www.researchandmarkets.com/r/i6te1q
