New York, NY -- (SBWIRE) -- 12/23/2020 -- The natural fiber composites market is set to attain a valuation of USD 14.60 billion by 2027, registering a CAGR of 11.7%, according to the latest report by Reports and Data. With the rising global concern because of the recyclability and biodegradability composites carbon and glass, natural fiber composites turned out to be a perfect replacement. The applications of natural fiber composites are widespread in several industries including automotive, sporting goods, electronics, and construction.
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Market Drivers
The major driving force for the development of the natural fiber composites market is the growing environmental concern over the production and utilization of non-biodegradable synthetic fibers. Numerous laws and regulations by the government regarding the non-biodegradable composites have positively affected the market. The product is extensively used in the automotive industry because of strength, low density, cost-effectiveness, high durability, and lightweight properties. The natural fibers are used to reinforce both thermosetting and thermoplastic matrices.
The leading companies operating across the global Natural Fiber Composites market are listed below:
FlexForm Technologies LLC, Procotex Corp SA, Tecnaro GmbH, Kafus Bio-Composites Inc., FiberGran GmbH& Corp. KG, UPM Biocomposites, Tagleef Industries, Polyvlies Franz Beyer GmbH & Co. Kg, Trex Company, Inc, and Advanced Environmental Recycling Technologies, Inc. among others.
For the purpose of this report, Reports and Data have segmented into the Natural Fiber Composites market on the basis of type, manufacturing process, application and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Wood
Non-wood
Manufacturing Process Outlook (Revenue, USD Million; 2017-2027)
Injection Molding
Compression Molding
Pultrusion
Others
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Application Outlook (Revenue, USD Million; 2017-2027)
Automotive
Electronics
Sporting Goods
Construction
Others
Regional Outlook (Revenue, USD Million; 2017-2027)
North America
Europe
Asia Pacific
MEA
Latin America
Regional Analysis
According to reports, the North America region is expected to witness a significant growth in the natural fiber composites market over the forecast period. Extensive research activities is being done by car manufacturers in Europe to develop natural polymer matrix for parcel shelves, boot liners, and front and rare door lines. Germany is one of the largest automobiles producers and a major importer in Europe.
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Table of contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Natural Fiber Composites Market Segmentation & Impact Analysis
Chapter 5. Natural Fiber Composites Market By Type Insights & Trends
Chapter 6. Natural Fiber Composites Market By Manufacturing Process Insights & Trends
Chapter 7. Natural Fiber Composites Market by Application Insights & Trends
Continued…
About Reports and Data
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