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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
Natural Fiber Composites Market Share
According to the natural fiber composites market analysis, flax emerged as one of the most extensively utilised materials. Flax is environmentally friendly, being CO2 neutral and a renewable resource, unlike carbon fibers. Its numerous advantages, such as high tensile strength, effective UV ray blocking, vibration absorption, and excellent water retention properties, have made it a highly favoured raw material in various applications.
Natural polymers are expected to drive the growth of the natural fiber composites industry. This rapid growth is driven by rising demand for eco-friendly products, fuelled by changing lifestyles and the growing emphasis on sustainability. These factors are likely to boost the expansion of the natural polymer matrix segment in the market.
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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