Natural Fiber Composites Market by Type (Flax, Kenaf, Hemp), Resin Type (PP, PE, PA), Manufacturing Process (Injection Molding, Compression Molding) - Global Forecast 2023 to 2028

The natural fiber composites market refers to the industry involved in the production, distribution, and application of composite materials made from natural fibers and a polymer matrix. Natural fibers used in these composites typically include materials such as flax, jute, hemp, kenaf, sisal, coir, and bamboo. The polymer matrix is often composed of thermoplastics, such as polypropylene or polyethylene.

Natural fiber composites offer several advantages over traditional composites and other materials. They are renewable, biodegradable, and have lower environmental impact compared to synthetic fiber composites. These materials also exhibit good mechanical properties, including high strength and stiffness, as well as favorable weight-to-strength ratios. Additionally, they have low density, good thermal insulation properties, and can be easily processed using conventional manufacturing techniques.

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The global natural fiber composites market is projected to grow from USD 328 million in 2023 to USD 424 million by 2028, at a CAGR of 5.3% during the forecast period.

The report provides a comprehensive analysis of company profiles listed below:

Procotex SA Corporation NV (Belgium)
Polyvlies Franz Beyer GMBH & Co. KG (Germany)
Tecnaro GmbH (Germany)
FlexForm Technologies (US)
GreenCore Composites Inc. (Canada)
Jelu-werk Josef Ehrler GmbH Co & Co. KG (Germany)

However, the natural fiber composites market still faces some challenges. One of the main limitations is the moisture absorption and susceptibility to degradation in wet environments. Researchers and manufacturers are continuously working on improving the durability and moisture resistance of these composites to expand their range of applications.

Research Coverage

This report covers the global natural fiber composites market and forecasts the market size until 2028. It includes the following market segmentation-Type (Flax, Kenaf, Hemp, Others), Resin type (PP, PE, PA, Others), Manufacturing Process (Injection Molding, Compression Molding, Others), End-use Industry(Automotive Building & Construction, and others),and Region (Europe, North America, Asia Pacific, and Rest of the World). Porter's Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global natural fiber composites market.

Reasons to buy this report:

The report provides insights on the following pointers:

Analysis of key drivers (Increased use of natural fiber composites in automotive and construction industry), restraints (Relatively low strength compared to synthetic fiber composites), opportunities (Possibilities of price reduction with economies of scale), and challenges (High production cost) influencing the growth of the natural fiber composites market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the natural fiber composites market
Market Development: Comprehensive information about lucrative markets - the report analyses the natural fiber composites market across varied regions

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the natural fiber composites market

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like include Procotex SA Corporation NV (Belgium), Polyvlies Franz Beyer GMBH & Co. KG (Germany), Tecnaro GmbH (Germany), FlexForm Technologies (US), Meshlin Composites Zrt (Hungary), GreenCore Composites Inc. (Canada), GreenGran B.V. (Netherlands), and Jelu-werk Josef Ehrler GmbH Co & Co. KG (Germany) and others in the natural fiber composites market.

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Table of Contents

1 Introduction 34
1.1 Study Objectives 34
1.2 Market Definition 34
1.3 Inclusions And Exclusions 35
1.4 Market Scope 35
Figure 1 Natural Fiber Composites Market Segmentation 35
1.5 Regional Scope 36
1.5.1 Years Considered 36
1.6 Currency Considered 37
1.7 Unit Considered 37
1.8 Limitations 37
1.9 Stakeholders 37
1.10 Summary Of Changes 38
1.10.1 Impact Of Recession 38

2 Research Methodology 39
2.1 Research Approach 39
Figure 2 Natural Fiber Composites Market: Research Design 39
2.2 Base Number Calculation 40
2.2.1 Approach 1: Supply-Side Analysis 40
2.2.2 Approach 2: Demand-Side Analysis 40
2.3 Recession Impact 41
2.4 Forecast Number Calculation 41
2.4.1 Supply Side 41
2.4.2 Demand Side 41
2.5 Research Data 42
2.5.1 Secondary Data 42
2.5.1.1 Key Data From Secondary Sources 42
2.5.2 Primary Data 43
2.5.2.1 Key Data From Primary Sources 43
2.5.2.2 List Of Key Primary Interview Participants 43
2.5.2.3 Breakdown Of Primary Interviews 44
2.5.2.4 Key Industry Insights 44
2.6 Market Size Estimation 45
2.6.1 Bottom-Up Approach 45
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach 45
2.6.2 Top-Down Approach 46
Figure 4 Market Size Estimation Methodology: Top-Down Approach 46
2.7 Data Triangulation 47
Figure 5 Natural Fiber Composites Market: Data Triangulation 47
2.8 Factor Analysis 48
2.9 Assumptions 48
2.10 Growth Rate Assumptions/Forecast 49
2.11 Limitations 49
2.12 Risks Associated With Natural Fiber Composites Market 49

3 Executive Summary 50
Figure 6 PP Resin Type Dominated Natural Fiber Compositesmarket In 2022 51
Figure 7 Flax Type Natural Fibers Accounted For Largest Marketshare In 2022 51
Figure 8 Compression Molding Manufacturing Process Held Largest Share Of Natural Fiber Composites Market In 2022 52
Figure 9 Automotive Industry To Dominate Natural Fiber Composites Market 52
Figure 10 Europe Led Natural Fiber Composites Market In 2022 53

and More…

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