New Materials research report from Markets and Markets is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 01/21/2015 -- Natural Fiber Composites Market by Applications (Automotive, Building and Construction, Electrical and Electronics & Others) by Manufacturing Processes (Compression Molding, Injection Molding & Others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Trends & Forecasts to 2019
The natural fiber composites market is projected to register a CAGR of 12.31% between 2014 and 2019 to reach $5,838.99 million by 2019. North America held the largest share in 2013 with the U.S. being the leading country. In the less explored markets of Asia-Pacific and Oceania, high growth is expected while the highly developed North American and European regions are predicted to show moderate to high growth. Growth in the North American region is expected to be from the increase in building & construction because of low interest rate on housing loan given by the government.
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The key players in the natural fiber composites markets are divided into two groups, natural fiber composites manufacturers/formulators and natural fiber composites suppliers. Flexform Technologies, Technaro GmbH, Procotex S.A. Corporation NV, Greengran B.V are the chief natural fiber composites manufacturers whereas Stemergy, Bast Fiber LLC, Crailar, and so on, are the key natural fiber composites suppliers in this market. These companies showed significant presence among other players in the fragmented natural fiber composites market.
Agreements & partnerships was the most preferred strategy among the key players in the natural fiber composites market, globally. The key players are enhancing their product portfolio and regional reach by entering into various agreements and participating in product showcases.
Many companies, offering natural fiber composites, are actively trying to increase their product portfolio and regional presence to cater to different regional markets. They are primarily focused on entering the less explored markets in the developing regions.
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