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Report Overview
The global natural fiber composites market value is projected to grow at a CAGR of 8.10% between 2024 and 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Natural Fiber Composites Market Growth
| Global Natural Fiber Composites Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.1% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 9.3% |
| CAGR 2024-2032 - Market by Country | India | 10.7% |
| CAGR 2024-2032 - Market by Country | China | 8.9% |
| CAGR 2024-2032 - Market by Fibre Type | Flax | 9.2% |
| CAGR 2024-2032 - Market by End Use | Automotive | 9.5% |
| Market Share by Country 2023 | Japan | 4.2% |
Natural fibres are hair-like strands usually obtained from plants and animals. The main component of a plant-based natural fibre is cellulose, while animal-based fibre is full of proteins. Natural fiber composites are made of high-strength natural fibers, which are used in the reinforcing phase with a matrix material.
One of the predominant factors influencing the natural fiber composites industry growth is the increasing concerns regarding rapid climate change caused by non-degradable synthetic composites. Various sectors are actively seeking alternatives that have a lower carbon footprint and are biodegradable. Natural fibers offer a viable solution as they are renewable resources and have a significantly lower environmental impact.
Natural Fiber Composites Market Report Snapshots
Natural Fiber Composites Market Size
Natural Fiber Composites Market Growth
Natural Fiber Composites Market Trends
Natural Fiber Composites Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The natural fiber composites market value is projected to grow at a CAGR of nearly 8.10% in the forecast period of 2024-2032.
The market is being driven by the increasing utilisation of natural materials due to growing concerns regarding the environmental impact of nondegradable composites and the significant rise in the implementation of natural components in the automotive sector.
The major trends propelling the growth of the market include increasing demand for natural composites from the construction sector and the surging preference for lightweight solutions in the automotive sector.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is broken into flax, kenaf, hemp, jute, and others.
The major end uses of the product in the market are automotive, electrical and electronics, sporting goods, construction, and others.
Based on technology, the market is broken down into injection moulding, compression moulding, pultrusion, and others.
The competitive landscape consists of Procotex Corporation, UPM Corporation, Polyvlies Franz Beyer GmbH, Tecnaro GmbH, Plasthill Oy, Green Dot Bioplastics Inc., GreenGran BN, JELU-WERK J. Ehrler GmbH & Co. KG, TTS Inc., and FlexForm Technologies, among others.
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