HOME Top Market Reports Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021

Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: CH 2984

 

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The NFCs market was worth USD 3.36 Billion, in 2015, and is projected to reach USD 6.50 Billion in 2021 expected to register a CAGR of 11.68%, between 2016 and 2021.  Natural fibers have become crucial in technical composite applications due to the demand for recyclable and biodegradable raw materials. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating market size of NFCs. NFCs market, according to this report, is segmented into type, manufacturing process, application, and region.

Various secondary sources such as company websites, encyclopedias, directories, and databases have been used to understand and gain insights for NFCs market. Experts from top NFCs companies have been interviewed to verify and collect critical information and to assess the trend the NFCs market during the forecast period. The top-down, bottom up and data triangulation approach has been implemented to calculate the exact values of the overall parent and individual market sizes.

Natural Fiber Composites Market

To know about the assumptions considered for the study, download the pdf brochure

The market of NFCs has a diversified ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Some of the major raw material suppliers as well as manufacturers are Stemergy (Canada), UPM Biocomposites (Finland), Greencore Composites (Canada), and Flex Form Technologies (U.S.). This study caters focuses on the top investment pockets, which would help the stakeholders to understand and analyze the emerging trends of the NFCs market. These stakeholders include the natural fiber manufacturers such as:

  • Trex Company Inc.
  • Advanced Engineering recycling technologies (AERT)
  • Fiberon LLC (U.S.)
  • UPM Biocomposites

Scope of the Report:

This research report categorizes the market of  NFCs based on type, manufacturing process, application, and region. It forecasts revenue growth and analysis of trends in each of the submarkets till 2021.

On the Basis of Type, NFCs market is segmented into:

  • Wood
  • Non-wood

On the Basis of Manufacturing Processes, NFCs market is classified as:

  • Compression molding
  • Injection molding
  • Other processes

On the Basis of Application, NFCs market is segmented into: 

  • Building & construction
  • Automotive
  • Electronics & electricals
  • Others

On the basis of Region, NFCs market is segmented as:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American NFCs market
  • Further breakdown of the European NFCs market
  • Further breakdown of the Asia-Pacific NFCs market
  • Further breakdown of the South America NFCs market
  • Further breakdown of the Middle East & Africa NFCs market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Natural Fiber Composites Market Size (Value), By 2021
    4.2 Natural Fiber Composites Market, By Application
    4.3 Natural Fiber Composites Market, By Key Application
    4.4 U.S. and China Command Major Share of the Natural Fiber Composites Market
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Natural Fiber Composites Market, By Type
           5.2.2 Natural Fiber Composites Market, By Manufacturing Process
           5.2.3 Natural Fiber Composites Market, By Application
           5.2.4 Natural Fiber Composites Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Government Regulations Regarding the Use of Environmentally Friendly Products
                    5.3.1.2 Lightweight, Lower Energy Consumption, and Increase in Fuel Efficiency
                    5.3.1.3 Safer Compared to Glass Fibers
                    5.3.1.4 Recyclability
                    5.3.1.5 Consumer Preference and Awareness Regarding Environmental Protection in the Developed Regions
           5.3.2 Restraints
                    5.3.2.1 Relatively Low Strength as Compared to Synthetic Fiber Composites
                    5.3.2.2 Fluctuating Cost, Availability, and Quality of Raw Materials
                    5.3.2.3 Lack of Awareness Among the End Users in the Developing Regions of Asia-Pacific
           5.3.3 Opportunities
                    5.3.3.1 Possibility of Price Reduction With Economies of Scale
                    5.3.3.2 Increasing Market Reach in the Automobile Industry Driven By Regulations
                    5.3.3.3 Opportunities in the Packaging Industry
           5.3.4 Challenges
                    5.3.4.1 High Cost of Production
                    5.3.4.2 Maintaining Consistency in Manufacturing Process and Mechanical Performance
                    5.3.4.3 The Composites Industry is Dominated By Glass Fiber and Carbon Fiber-Based Composites
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Degree of Competition

6 Natural Fiber Composites Market, By Type (Page No. - 47)
    6.1 Introduction
    6.2 Wood Fiber Composites
    6.3 Non-Wood Fiber Composites

7 Natural Fiber Composites Market, By Manufacturing Process (Page No. - 51)
    7.1 Introduction
    7.2 Compression Molding
    7.3 Injection Molding
    7.4 Others

8 Natural Fiber Composites Market, By Application (Page No. - 58)
    8.1 Introduction
    8.2 Building & Construction
    8.3 Automotive
    8.4 Electrical & Electronics
    8.5 Others

9 Natural Fiber Composites Market, By Region (Page No. - 71)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 South America
    9.6 Middle East & Africa

10 Competitive Landscape (Page No. - 86)
     10.1 Introduction
     10.2 Competitive Situations and Trends
     10.3 Competitive Landscape
             10.3.1 New Product Developments
             10.3.2 Agreements & Partnerships
             10.3.3 Expansions
             10.3.4 Acquisitions

11 Company Profiles (Page No. - 94)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 UPM Biocomposites
     11.3 Weyerhaeuser Company
     11.4 Procotex SA Corporation NV
     11.5 Trex Company, Inc.
     11.6 Advanced Environmental Recycling Technologies, Inc. (AERT)
     11.7 Fiberon Llc
     11.8 Polyvlies Franz Beyer GmbH & Co. Kg
     11.9 Tecnaro GmbH
     11.10 Flexform Technologies
     11.11 Meshlin Composites ZRT.
     11.12 Greencore Composites Inc.
     11.13 Greengran B.V.
     11.14 Jelu-Werk Josef Ehrler GmbH & Co. Kg
     11.15 Polymera Inc.
     11.16 Stemergy
     11.17 TTS Biocomposite (Tekle Technical Services Inc.)

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 122)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (41 Tables)

Table 1 Natural Fiber Composites Market Size, By Type, 2014–2021 (USD Million)
Table 2 Natural Fiber Composites Market Size, By Type, 2014–2021 (USD Million)
Table 3 Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 4 Natural Fiber Composites Market Size in Compression Molding, By Region, 2014–2021 (USD Million)
Table 5 Natural Fiber Composites Market Size in Compression Molding, By Application, 2014–2021 (USD Million)
Table 6 Natural Fiber Composites Market Size in Injection Molding, By Region, 2014–2021 (USD Million)
Table 7 Natural Fiber Composites Market Size in Injection Molding, By Application, 2014–2021 (USD Million)
Table 8 Natural Fiber Composites Market Size in Others, By Region, 2014–2021 (USD Million)
Table 9 Natural Fiber Composites Market Size in Others, By Application, 2014–2021 (USD Million)
Table 10 Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 11 Natural Fiber Composites Market Size in Building & Construction Application, By Region, 2014–2021 (USD Million)
Table 12 Natural Fiber Composites Market Size in Building & Construction Application, By Country, 2014–2021 (USD Million)
Table 13 Natural Fiber Composites Market Size in Building & Construction Application, By Manufacturing Process, 2014–2021 (USD Million)
Table 14 Natural Fiber Composites Market Size in Automotive Application, By Region, 2014–2021 (USD Million)
Table 15 Natural Fiber Composites Market Size in Automotive Application, By Country, 2014–2021 (USD Million)
Table 16 Natural Fiber Composites Market Size in Automotive Application, By Manufacturing Process, 2014–2021 (USD Million)
Table 17 Natural Fiber Composites Market Size in Electrical & Electronics Application, By Region, 2014–2021 (USD Million)
Table 18 Natural Fiber Composites Market Size in Electrical & Electronics Application, By Country, 2014–2021 (USD Million)
Table 19 Natural Fiber Composites Market Size in Electrical & Electronics Application, By Manufacturing Process, 2014–2021 (USD Million)
Table 20 Natural Fiber Composites Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 21 Natural Fiber Composites Market Size in Other Applications, By Manufacturing Process, 2014–2021 (USD Million)
Table 22 Natural Fiber Composites Market Size, By Region, 2014–2021 (USD Million)
Table 23 North America: Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 24 North America: Natural Fiber Composites Market Size, By Country, 2014–2021 (USD Million)
Table 25 North America: Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 26 Europe: Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 27 Europe: Natural Fiber Composites Market Size, By Country, 2014–2021 (USD Million)
Table 28 Europe: Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 29 Asia-Pacific: Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 30 Asia-Pacific: Natural Fiber Composites Market Size, By Country, 2014–2021 (USD Million)
Table 31 Asia-Pacific: Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 32 South America: Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 33 South America: Natural Fiber Composites Market Size, By Country, 2014–2021 (USD Million)
Table 34 South America: Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 35 Middle East & Africa: Natural Fiber Composites Market Size, By Application, 2014–2021 (USD Million)
Table 36 Middle East & Africa: Natural Fiber Composites Market Size, By Country, 2014–2021 (USD Million)
Table 37 Middle East & Africa: Natural Fiber Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 38 New Product Developments, 2011-2015
Table 39 Agreements & Partnerships, 2011-2015
Table 40 Expansions, 2011-2015
Table 41 Acquisitions, 2011-2015


List of Figures (42 Figures)

Figure 1 Natural Fiber Composites Market Segmentation
Figure 2 Natural Fiber Composites: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation: Natural Fiber Composites Market
Figure 7 Automotive to Register the Highest CAGR Between 2016 and 2021
Figure 8 Natural Fiber Composites Market, By Top-5 Countries, 2015
Figure 9 Natural Fiber Composites Market Share and CAGR, By Region, 2015
Figure 10 Attractive Opportunities in Natural Fiber Composites Market, 2016–2021
Figure 11 Building and Construction to Be the Major Application of Natural Fiber Composites, 2016-2021
Figure 12 North America Dominated the Natural Fiber Composites Application Market in 2015
Figure 13 U.S. and China Command Around 55.12% of Natural Fiber Composites Market
Figure 14 Asia-Pacific Expected to Witness Exponential Growth Between 2016 and 2021
Figure 15 Drivers, Restraints, Opportunities, and Challenges in Natural Fiber Composites Market
Figure 16 Natural Fiber Composites: Porter’s Five Forces Analysis
Figure 17 Market Drivers for Wood and Non-Wood Fiber Composites, 2016–2021
Figure 18 Non-Wood Fiber Composites to Dominate the Market Between 2016 and 2021
Figure 19 Injection Molding to Dominate the Growth Between 2016 and 2021
Figure 20 Drivers for Manufacturing Processes During Forecast Period
Figure 21 Building & Construction Segment to Account for the Highest Market Share
Figure 22 Market Growth Attributed to Stringent Regulations and Increasing Consumer Awareness
Figure 23 Key Elements Driving the Natural Fiber Composites Market in Various Applications
Figure 24 North America Leads the Natural Fiber Composites Market in Building & Construction Application
Figure 25 Europe to Lead the Natural Fiber Composites Market in Automotive Application
Figure 26 Asia-Pacific to Drive the Natural Fiber Composites Market Between 2016 and 2021
Figure 27 U.S.: Key Natural Fiber Composites Markets in North America, 2015–2021
Figure 28 Germany: Key Natural Fiber Composites Markets in Europe, 2015–2021
Figure 29 India: Key Natural Fiber Composites Markets in Asia-Pacific, 2015–2021
Figure 30 Building & Construction Industry Accounted for the Largest Share in Natural Fiber Composites Market in South America, Between 2016 and 2021
Figure 31 Middle East & Africa: Building & Construction Industry Dominated Natural Fiber Composites Market, Between 2016 and 2021
Figure 32 Companies Adopted New Product Developments and Agreements & Partnerships as the Key Growth Strategies Between 2011 and 2015
Figure 33 New Product Developments: Most Preferred Strategy
Figure 34 Number of Strategies Adopted By Key Players Between 2011 and 2015
Figure 35 Regional Revenue Mix of Top Market Players
Figure 36 UPM Biocomposites: Company Snapshot
Figure 37 Weyerhaeuser Company: Company Snapshot
Figure 38 Procotex SA Corporation NV: Company Snapshot
Figure 39 Polyvlies Franz Beyer GmbH & Co. Kg.:SWOT Analysis
Figure 40 Tecnaro GmbH: SWOT Analysis
Figure 41 Marketsandmarkets Knowledge Store Snapshot
Figure 42 Marketsandmarkets Knowledge Store: Chemical and Material

The market size of Natural Fiber Composites (NFCs) is projected to reach USD 6.50 Billion by 2021, at a CAGR of 11.68%, between 2016 and 2021. The increasing demand for NFCs by the  end user players, growing manufacturing industries, continuous product innovation, agreements, and expansion activities undertaken by companies are key factors responsible for the growth of the NFCs market.

The automotive application is projected to be the fastest-growing segment in the NFCs market between 2016 and 2021. This can be attributed to the growing need for f lighter, safer, and fuel efficient vehicles. Many car companies, such as BMW (Germany), Audi (Germany), and GM (U.S.) are using non-wood fiber composites for designing interior and exterior parts of automotives. Further, the standards set by Corporate Average Fuel Economy (CAFE) on reduction vehicle weight to increase fuel efficiency would boost the NFCs market in automotive applications.

The wood-based NFCs are expected to be the fastest-growing raw material type in the NFCs market due to their high demand in the building and construction industry, globally. NFCs offer high weight-to-stiffness ratio and low cost compared to synthetic fiber composites. NFCs are extensively used for decking, railing, fencing, and internal furniture among other building and construction applications.

The North American region accounts for a  major share of wood NFCs due to high demand for wood plastic composites in the construction industry. However, Asia-Pacific is expected to register the highest CAGR in the NFCs market between 2016 and 2021. This growth is driven by the rising demand for superior performance products in the construction industry, ease of availability of raw materials, and increasing capacity expansion by NFCs manufacturers & other development strategies in the region.

Natural Fiber Composites Market

The NFCs market size is rapidly growing, in terms of value. . However, a few factors act as a tailback in its growth in the NFCs market. Relatively poor strength, fluctuation in the cost of natural fiber, and a lack of awareness among end users in developing regions are  major restraints in the growth of the NFCs market.

The companies such as Trex Company Inc., Advanced Engineering Recycling Technologies (AERT), Fiberon LLC (U.S.), UPM Biocomposites (Finland), FlexForm Technologies (U.S.) are the dominant market players in NFCs market. They have been adopting various organic and inorganic growth strategies such as agreements, expansions, acquisitions, and new product launches & technology developments to enhance their share in the NFCs market.

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