Natural Fiber Reinforcement Materials Market 2027 Growth, Analysis: Tips From The Great Depression

Natural fibers are prepared from plant, animal or mineral sources and can be spun into threads, filament, or rope, owing to their biological origin, natural fibers are less harmful for the environment, fire-resistant, biodegradable, and thus, are advantageous over synthetic fiber. In addition, natural fibers are also less expected to cause any skin irritation or allergies, rendering them apt for use in textile & clothing industry.

Check offers and discount on report @ https://www.alliedmarketresearch.com/get-discount/2058

The key factors that drive the market are growth in demand of natural fibers, especially kenaf, from the automotive industry and rise in environmental concerns among government and consumers. However, the fluctuating raw material prices of natural fibers is expected to hinder the market growth during the forecast period. Moreover, the increase in applications of natural fiber in the packaging and construction industry is expected to provide numerous opportunities for growth.

The flax segment accounted for highest market share in 2015, owing to its reduced weight compared to standard materials, especially in stiffness driven applications. Flax is the most commonly used natural fiber in apparels requiring maximum comfort. The hemp segment is anticipated to grow with the highest CAGR throughout the forecast period.

According to Eswara Prasad, Team Lead, Chemicals and Materials at Allied Market Research "The expansion of applications of natural fibers in the packaging industry and other consumer goods is anticipated to create lucrative opportunities for the market growth."

Do Enquiry for Sample Report @ https://www.alliedmarketresearch.com/request-free-sample/2058

Key Findings of Natural Fiber Reinforcement Materials Market:

The hemp segment is expected to witness the highest growth rate from 2016 to 2022, in terms of both value and volume.
In 2015, Europe generated maximum revenue, region-wise, with over half of the share of global market.
Asia-Pacific is expected to be the highest growing region at a CAGR of 8.5%.
The transportation segment dominated the market in 2015, and is expected to maintain its lead throughout the forecast period.
In terms of both value and volume, the flax segment occupied majority of the share in the natural fiber reinforcement materials market.
The consumer goods segment is anticipated to grow with the highest CAGR throughout the forecast period, owing to the growth in consumer awareness and change in preferences of consumers, due to more alluring look and natural footprint of goods made of natural fiber composites.

Asia-Pacific is estimated to grow with the highest rate during the analysis period, owing to the abundant raw material availability, rise in demand from the construction industry and expansion in natural fiber production capacity.

Key players operating in the natural fiber reinforcement materials market include AgroFiber SAS, Bast Fiber LLC., Greene Natural Fibers LLC., Procotex Corporation, Hempflax BV, Saneco S.A., Hempline Inc., Schweitzer-Mauduit International, Inc., Kenaf Industries of South Texas, and NFC Fibers GmbH.

Purchase Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2058

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.