Market Research Report
Global Natural Fiber Composites Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||609649|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Natural Fiber Composites Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023|
|Published: March 3, 2018||Content info: 190 Pages||
Natural fiber composites are high strength structures made up of natural fibers and are majorly used in sectors such as building & construction, automotive, etc. The global natural fiber composites market is expected to rise with the CAGR of about 10.5% during the forecast period 2016-2023. Large demand for green composites and bio composites is one of the major factors which contributes to growth of global natural fiber composites market during the forecast period. However, high availability of carbon and glass in developing economies and development of high strength synthetic fibers are the major factors restraining growth of global natural fiber composites market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue in 2016 for the global natural fiber composites market followed by Asia Pacific and Europe. North America is expected to dominate the market during the forecast period due to high demand of natural fiber composites from the construction industry. Asia Pacific is expected to be the fastest growing region for natural fiber composites market during the forecast period due to increasing research and development for advanced and cost effective natural fiber composites growth in construction and automotive industry.
The growth in the global natural fiber composites market is also influenced by the presence of major players such as Advanced Environmental Recycling Technologies, Inc. (U.S.), Greencore Composites Inc. (Canada), Trex Company, Inc. (U.S.), UPM Biocomposites (U.S.) , Weyerhaeuser Company (Canada) , etc. To gain competitive advantage the major players adopt various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, etc.
Global natural fiber composites market report covers segmentation analysis of type, manufacturing process and applications. Report further covers segments of type which includes wood fiber composites and non-wood fiber composites. Non-wood fiber composites held the largest market revenue share in 2016 and it is expected to dominate the market during the forecast period due to its large adoption in automotive and by construction industry. Manufacturing process in natural fiber composites includes compression molding, injection molding and other manufacturing process. The applications of natural fiber composites are building & construction, automotive, electrical & electronics and other applications. Automotive segment is expected to be the fastest growing segment during the forecast period due to rising concerns regarding passenger safety, government regulations for better fuel economy, etc.