Natural Fiber Composites Market

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

Report Code: CH 2984 Nov, 2022, by marketsandmarkets.com

[128 Pages Report] 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

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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

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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Table of Content

1 Introduction 
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5  Limitations
    1.6  Stakeholders

2 Research Methodology
    2.1 Market Share Estimation
           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 & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Significant Opportunities in Natural Fiber Composites Market, 20222027
    4.2 Natural Fiber Composites Market, By Type
    4.3 Natural Fiber Composites Market, By Manufacturing Process
    4.4 Natural Fiber Composites Market, By Application
    4.5 Natural Fiber Composites Market, By Country

5 Market Overview 
    5.1 Introduction
    5.2 Market Dynamics
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.4.4 Challenges
    5.3 Porter's Five Forces Analysis
           5.4.1 Bargaining Power of Suppliers
           5.4.2 Bargaining Power of Buyers
           5.4.3 Threat of New Entrants
           5.4.4 Threat of Substitutes
           5.4.5  Degree of Competition
    5.4 Supply Chain Analysis
    5.5  Ecosystem: Natural Fiber Composites Market
    5.6  Value Chain Analysis
    5.7  Raw Material Analysis
    5.8 Pricing Analysis
    5.9  Trends and Disruptions Impacting Customers

6 Natural Fiber Composites Market, By Type
    6.1 Wood Fiber Composites
    6.2 Non-wood Fiber Composites

7 Natural Fiber Composites Market, By Manufacturing Process 
    7.1 Compression Molding
    7.2 Injection Molding
    7.3 Others

8 Natural Fiber Composites Market, By Application
    8.1 Building & Construction
    8.2 Automotive
    8.3 Electrical & Electronics
    8.4 Others

9 Natural Fiber Composites Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 Natural Fiber Composites Market Size in North America, By Application
           9.2.2 Natural Fiber Composites Market Size in North America, By Country
                    9.2.2.1 Canada
                               9.2.2.1.1 Natural Fiber Composites Market Size in Canada, By Application
                    9.2.2.2 U.S.
                               9.2.2.2.1 Natural Fiber Composites Market Size in U.S., Application
                    9.2.2.3 Mexico
                               9.2.2.3.1 Natural Fiber Composites Market Size in Mexico, By Application
    9.3 Europe
           9.3.1 Natural Fiber Composites Market Size in Europe, By Application
           9.3.2 Natural Fiber Composites Market Size in Europe, By Country
                    9.3.2.1 Germany
                               9.3.2.1.1 Natural Fiber Composites Market Size in Germany, By Application
                    9.3.2.2 France
                               9.3.2.2.1 Natural Fiber Composites Market Size in France, By Application
                    9.3.2.3 UK
                               9.3.2.3.1 Natural Fiber Composites Market Size in UK, By Application
                    9.3.2.4 Russia
                               9.3.2.4.1 Natural Fiber Composites Market Size in Russia, By Application
                    9.3.2.5  Rest of Europe
                               9.3.2.5.1 Natural Fiber Composites Market Size in Rest of Europe, By Application
    9.4 Asia-Pacific
           9.4.1 Natural Fiber Composites Market Size in Asia-Pacific, By Application
           9.4.2 Natural Fiber Composites Market Size in Asia-Pacific, By Country
                    9.4.2.1 China
                               9.4.2.1.1 Natural Fiber Composites Market Size in China, By Application
                    9.4.2.2 Japan
                               9.4.4.2.1 Natural Fiber Composites Market Size in Japan, By Application
                    9.4.2.3 India
                               9.4.2.3.1 Natural Fiber Composites Market Size in India, By Application
                    9.4.2.4 South Korea
                               9.4.2.4.1 Natural Fiber Composites Market Size in South Korea, By Application
                    9.4.2.5 Rest of Asia Pacific
                               9.4.2.5.1 Natural Fiber Composites Market Size in Rest of Asia Pacific, By Application
    9.5 South America
           9.5.1 Natural Fiber Composites Market Size in South America, By Application
           9.5.2 Natural Fiber Composites Market Size in South America, By Country
                    9.5.2.1 Brazil
                               9.5.2.1.1 Natural Fiber Composites Market Size in Brazil, By Application
                    9.5.2.2 Argentina
                               9.5.2.2.1 Natural Fiber Composites Market Size in Argentina, By Application
                    9.5.2.3 Rest of South America
                               9.5.2.3.1 Natural Fiber Composites Market Size in South America, By Application
    9.6 Middle East & Africa
           9.6.1 Natural Fiber Composites Market Size in Middle East & Africa, By Application
           9.6.2 Natural Fiber Composites Market Size in Middle East & Africa, By Country
                    9.6.2.1 Saudi Arabia
                               9.6.2.1.1 Natural Fiber Composites Market Size in Saudi Arabia, By Application
                    9.6.2.2 South Africa
                               9.6.2.2.1 Natural Fiber Composites Market Size in South Africa, By Application
                    9.6.2.3 Rest of Middle East & Africa
                               9.6.2.3.1 Natural Fiber Composites Market Size in Rest of Middle East & Africa, By Application

10 Competitive Landscape 
     10.1 Introduction
     10.2 Market Share Analysis
     10.3 Market Ranking
     10.4 Market Evaluation Framework
             10.4.1 Product Launches and Developments
             10.4.2 Expansions
             10.4.3 Contracts and Agreements
             10.4.4 Mergers & Acquisitions
     10.5  Revenue Analysis of Top Market Players
     10.6 Company Evaluation Matrix
             10.6.1 Star
             10.6.2 Emerging Leaders
             10.6.3 Pervasive
             10.6.4 Participants

11 Company Profiles 
* (Business Overview, Products Mix, Recent Developments, SWOT Analysis, MnM view)
     11.1 UPM Biocomposites
     11.2 Weyerhaeuser Company
     11.3 Procotex SA Corporation NV
     11.4 Trex Compnay, Inc.
     11.5 Advanced Environmental Recycling Technologies, Inc. (AERT)
     11.6 Fiberon LLC
     11.7 Tecnaro GmbH
     11.8 Flexform Technologies
     11.9 Meshlin Composites ZRT.
     11.10 Greencore Composites Inc.
     11.11 Other Companies

*Details Might Not Be Captured in Case of Unlisted Companies.
Note: This is the tentative list, we will provide you the company profiles of major companies in this market. 

12 Appendix


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Report Code
CH 2984
Published ON
Nov, 2022
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