Natural Fiber Composites Market

Natural Fiber Composites Market by Type (Flax, Kenaf, Hemp), Resin Type (PP, PE, PA), Manufacturing Process (Injection Molding, Compression Molding), End-use Industry (Automotive, Building & Construction), Region - Global Forecast to 2028

Report Code: CH 2984 Jun, 2023, by marketsandmarkets.com

Natural Fiber Composites Market

The global natural fiber composites market is valued at USD 328 million in 2023 and is projected to reach USD 424 million by 2028, growing at a cagr 5.3% from 2023 to 2028. Significant growth of natural fiber composites in building & construction, automotive, and many other end-use industries is driving the growth of the market across the globe.

Attractive Opportunities in the Natural Fiber Composites Market

Natural Fiber Composites Market

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Natural Fiber Composites Market

Natural Fiber Composites Market Dynamics

Drivers: Recyclability

Natural fiber composites are renewable and abundant. Contrarily, synthetic fibers, such as glass, carbon, and aramid fibers, are not renewable and face the problem of degradability. Natural fibers as well as thermoplastic matrices, such as polypropylene and polyethylene, are recyclable and easy to dispose of. Natural fibers, especially flax and hemp, are increasingly being used instead of glass and carbon fibers, as they are cheaper and more environmentally friendly than other fibers. Current and impending legislation related to waste management in developed countries are expected to increase the pressure on the automotive industry to address the disposal problems. Landfills are the most commonly used disposal method for composites. However, several countries and organizations would require instilling stringent regulations to solve the problem of waste management of composites through waste minimization, recycling, and reuse.

Restraints: Lack of awareness about various applications of natural fiber composites among end-users in emerging economies of Asia Pacific

Users are unaware of the advantages of using natural fiber composites and their potential to substitute commonly used synthetic products. The natural fiber composites industry needs to create awareness regarding the benefits in terms of improved properties, reduced weight, low maintenance, and longer life. The countries in Asia Pacific, such as China and India, have very low consumption of composites compared with the US and European countries. The Asia Pacific countries have the opportunity to prosper in this market with lower labor costs and widely available raw materials. In Asia Pacific, people are unaware of the potential of natural fiber composite applications. Countries in Asia Pacific also lack regulations associated with environmental protection. Manufacturers should concentrate on raising public awareness to increase the market reach in the existing as well as potential applications of natural fiber composites.

Opportunities: Opportunities in the packaging industry

The global packaging industry accounts for more than 40% of the total plastic consumption. Legislations related to landfilling and recycling prompted by governments of various countries are expected to encourage the use of natural fiber composites in the packaging industry. Natural fiber composites can help the packaging industry by providing additional stiffness and strength and minimizing weight and cost by lowering the polymer content; they are also recyclable. Therefore, they have enormous scope to be used in the packaging industry.

Challenges: Dominance of glass fiber and carbon fiber composites

Glass fiber-reinforced composites still dominate more than 95% of the global composites industry. Therefore, it will be quite challenging for natural fiber composites to increase the market reach in industries such as automotive and building & construction. Moreover, carbon fiber composites are the preferred material in the automotive and sporting goods industries. Alternatively, the use of natural fiber composites in high-performance applications, such as aerospace, marine, and mass transit, is negligible. Standardization in manufacturing processes is required for their increased use in these applications.

Natural Fiber Composites
Market Ecosystem

Natural Fiber Composites Market Ecosystem

Flax type to account for the largest market share in terms of both value and volume by 2028

Flax type dominated the natural fiber composites market, by type, with a significant market share in terms of value, in 2022. Flax composites are light in weight making them well suitable for wide range of applications in automotive, building & construction, and many other end-use industries. Flax fibers offers inherent mechanical properties, which provide high stiffness and strength to the composites. Flax fibers also have a high tensile strength, enabling the production of load bearing and structurally sound parts.

PP resin type to be the fastest growing tank type of natural fiber composites market

The PP composites segment accounted for a larger share, in terms of value and volume, of the global natural fiber composites market in 2022. These composites are widely used in building & construction, automotive & transportation, and other end-use industries, such as sporting goods and medical. PP-based natural composites do not expand under high-heat and moist conditions, making them suitable for highly corrosive and high-temperature applications.

 

Asia Pacific is expected to witness the highest CAGR in the natural fiber composites market

The growth of the natural fiber composites market in Asia Pacific is mainly driven by the increasing consumption of natural fiber composites in various industries, such as construction & infrastructure, automotive, and electrical & electronics. The market in these end-use industries is led by countries such as China, India, and Japan. Asia Pacific dominates the global building & construction industry, which finds high growth in this region due to high infrastructural development activities in most countries. Emerging economies, such as China, India, Japan, Malaysia, Indonesia, and South Korea, are investing in large-scale infrastructure projects, building & construction projects, and civil and environmental applications.

Natural Fiber Composites Market by Region

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Natural Fiber Composites Market Players

The key players in the global natural fiber composites market are:

  • 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)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the natural fiber composites industry. The study includes an in-depth competitive analysis of these key players in the natural fiber composites market, with their company profiles,

Recent Developments, and key market strategies. 

Natural Fiber Composites Market Report Scope

Report Metric

Details

Market Size Value in 2023

USD 328 million

Revenue Forecast in 2028

USD 424 million

CAGR

5.3%

Years considered for the study

2018–2028

Base year

2022

Forecast period

2023–2028

Units considered

Value (USD Million/Billion), Volume (Kilotons)

Segments

Type, Resin Type, Manufacturing Process, End-use Industry, and Region

Regions

Asia Pacific, North America, Europe, and Rest of the World

Companies

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.

This research report categorizes the natural fiber composites market based on material type, tank type, end-use industry, and region.

By Type:
  • Flax
  • Kenaf
  • Hemp
  • Others
By Resin Type:
  • PP
  • PE
  • PA
  • Others
By Manufacturing Process:
By End-use Industry:
  • Automotive
  • Building & Construction
  • Others
By Region:
  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

Recent Development

  • In June 2022, Tecnaro and JOMA-POLYTEC founded a joint venture, ARBOTRADE GmbH. The venture jointly markets products made of bioplastics for the reforestation of forests. This merger creates a connection with a very high level of added value. TECNARO acts as a material developer and manufacturer and Joma-Polytec as a material processor so that customers can get everything from the raw material to the product from a single source. The joint company, ARBOTRADE GmbH, then takes over the sale of the innovative in-house developments on the market.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 NATURAL FIBER COMPOSITES MARKET SEGMENTATION
    1.5 REGIONAL SCOPE 
           1.5.1 YEARS CONSIDERED
    1.6 CURRENCY CONSIDERED 
    1.7 UNIT CONSIDERED 
    1.8 LIMITATIONS 
    1.9 STAKEHOLDERS 
    1.1 SUMMARY OF CHANGES 
           1.10.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH APPROACH 
          FIGURE 2 NATURAL FIBER COMPOSITES MARKET: RESEARCH DESIGN
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE ANALYSIS
    2.3 RECESSION IMPACT 
    2.4 FORECAST NUMBER CALCULATION 
           2.4.1 SUPPLY SIDE
           2.4.2 DEMAND SIDE
    2.5 RESEARCH DATA 
           2.5.1 SECONDARY DATA
                    2.5.1.1 Key data from secondary sources
           2.5.2 PRIMARY DATA
                    2.5.2.1 Key data from primary sources
                    2.5.2.2 List of key primary interview participants
                    2.5.2.3 Breakdown of primary interviews
                    2.5.2.4 Key industry insights
    2.6 MARKET SIZE ESTIMATION 
           2.6.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.6.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.7 DATA TRIANGULATION 
          FIGURE 5 NATURAL FIBER COMPOSITES MARKET: DATA TRIANGULATION
    2.8 FACTOR ANALYSIS 
    2.9 ASSUMPTIONS 
    2.10 GROWTH RATE ASSUMPTIONS/FORECAST 
    2.11 LIMITATIONS 
    2.12 RISKS ASSOCIATED WITH NATURAL FIBER COMPOSITES MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 6 PP RESIN TYPE DOMINATED NATURAL FIBER COMPOSITES MARKET IN 2022
    FIGURE 7 FLAX TYPE NATURAL FIBERS ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    FIGURE 8 COMPRESSION MOLDING MANUFACTURING PROCESS HELD LARGEST SHARE OF NATURAL FIBER COMPOSITES MARKET IN 2022
    FIGURE 9 AUTOMOTIVE INDUSTRY TO DOMINATE NATURAL FIBER COMPOSITES MARKET
    FIGURE 10 EUROPE LED NATURAL FIBER COMPOSITES MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 NATURAL FIBER COMPOSITES MARKET SIZE 
          FIGURE 11 NATURAL FIBER COMPOSITES MARKET TO GROW SIGNIFICANTLY DUE TO DEVELOPING AUTOMOTIVE, BUILDING & CONSTRUCTION, AND ELECTRICAL & ELECTRONICS SECTORS
    4.2 NATURAL FIBER COMPOSITES MARKET, BY TYPE AND REGION (2022) 
          FIGURE 12 FLAX COMPOSITES AND EUROPE HELD LARGEST MARKET SHARES IN 2022
    4.3 NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE (2022) 
          FIGURE 13 PP RESIN TYPE SEGMENT DOMINATED MARKET IN 2022
    4.4 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS (2022) 
          FIGURE 14 COMPRESSION MOLDING PROCESS LED MARKET IN 2022
    4.5 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY (2022) 
          FIGURE 15 AUTOMOTIVE INDUSTRY ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.6 NATURAL FIBER COMPOSITES MARKET, BY COUNTRY (2023–2028) 
          FIGURE 16 CHINA TO BE FASTEST-GROWING NATURAL FIBER COMPOSITES MARKET FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 NATURAL FIBER COMPOSITES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Government regulations regarding use of environmentally friendly products
                    5.2.1.2 Desirable properties such as light weight and increased fuel efficiency in automobiles
                    5.2.1.3 Greater safety compared with glass fibers
                    5.2.1.4 Recyclability and easy disposal
                    5.2.1.5 Growing consumer awareness regarding environmental protection in developed countries
           5.2.2 RESTRAINTS
                    5.2.2.1 Relatively low strength compared with synthetic fiber composites
                    5.2.2.2 Fluctuating costs, availability, and quality of raw materials
                    5.2.2.3 Lack of awareness regarding natural fiber composite applications in emerging economies of Asia Pacific
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Possibility of price reduction with economies of scale
                    5.2.3.2 Increased applications in automotive sector driven by government regulations
                    5.2.3.3 Opportunities in packaging industry for lowering polymer content
           5.2.4 CHALLENGES
                    5.2.4.1 High production cost
                    5.2.4.2 Maintaining consistency in manufacturing process and mechanical performance
                    5.2.4.3 Dominance of glass and carbon fiber-based composites
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 18 NATURAL FIBER COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
          TABLE 1 NATURAL FIBER COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          TABLE 2 NATURAL FIBER COMPOSITES MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 NATURAL FIBER COMPOSITES OFFERED BY KEY PLAYERS, BY END-USE INDUSTRY
                    FIGURE 19 AVERAGE SELLING PRICE OF NATURAL FIBER COMPOSITES OFFERED BY KEY PLAYERS FOR TOP 3 END-USE INDUSTRIES (USD/KG)
                    TABLE 3 AVERAGE SELLING PRICE OF NATURAL FIBER COMPOSITES OFFERED BY KEY PLAYERS, BY END-USE INDUSTRY (USD/KG)
    5.6 AVERAGE SELLING PRICE OF NATURAL FIBER COMPOSITES, BY RESIN TYPE 
          FIGURE 20 AVERAGE SELLING PRICE FOR DIFFERENT RESIN TYPES (USD/KG)
    5.7 AVERAGE SELLING PRICE OF NATURAL FIBER COMPOSITES, BY MANUFACTURING PROCESS 
          FIGURE 21 AVERAGE SELLING PRICE BASED ON MANUFACTURING PROCESSES (USD/KG)
    5.8 AVERAGE SELLING PRICE OF NATURAL FIBER COMPOSITES, BY TYPE 
          FIGURE 22 AVERAGE SELLING PRICE BASED ON TYPES (USD/KG)
    5.9 AVERAGE SELLING PRICE TREND 
          TABLE 4 AVERAGE SELLING PRICE TREND IN NATURAL FIBER COMPOSITES MARKET, BY REGION
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
                     TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
           5.10.2 BUYING CRITERIA
                     FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
                     TABLE 6 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
    5.11 TECHNOLOGY ANALYSIS 
           TABLE 7 COMPARATIVE STUDY OF MAJOR NATURAL FIBER COMPOSITE MANUFACTURING PROCESSES
    5.12 ECOSYSTEM ANALYSIS 
    5.13 VALUE CHAIN ANALYSIS 
           FIGURE 25 NATURAL FIBER COMPOSITES MARKET: VALUE CHAIN ANALYSIS
    5.14 CASE STUDY ANALYSIS 
    5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.16 KEY MARKETS FOR IMPORT/EXPORT 
           5.16.1 GERMANY
           5.16.2 US
           5.16.3 UK
           5.16.4 FRANCE
    5.17 REGULATIONS AND STANDARDS 
           5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.17.2 STANDARDS IN NATURAL FIBER COMPOSITES MARKET
                     TABLE 12 STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                     TABLE 13 STANDARD CODES FOR CONSTRUCTION COMPOSITES
    5.18 NATURAL FIBER COMPOSITES MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 
           TABLE 14 NATURAL FIBER COMPOSITES MARKET: CAGR (BY VALUE) IN OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS
           5.18.1 OPTIMISTIC SCENARIO
           5.18.2 PESSIMISTIC SCENARIO
           5.18.3 REALISTIC SCENARIO
    5.19 KEY CONFERENCES AND EVENTS 
           TABLE 15 NATURAL FIBER COMPOSITES MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
    5.20 PATENT ANALYSIS 
           5.20.1 INTRODUCTION
           5.20.2 METHODOLOGY
           5.20.3 DOCUMENT TYPE
                     TABLE 16 NATURAL FIBER COMPOSITES MARKET: GLOBAL PATENTS, 2012–2022
                     FIGURE 26 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 27 GLOBAL PATENTS PUBLICATION TREND (2012¯–2022)
           5.20.4 INSIGHTS
           5.20.5 LEGAL STATUS OF PATENTS
                     FIGURE 28 NATURAL FIBER COMPOSITES MARKET: LEGAL STATUS OF PATENTS
           5.20.6 JURISDICTION ANALYSIS
                     FIGURE 29 GLOBAL JURISDICTION ANALYSIS, 2012–2022
           5.20.7 ANALYSIS OF TOP APPLICANTS
                     FIGURE 30 UPM KYMMENE CORP. REGISTERED HIGHEST NUMBER OF PATENTS FROM 2012 TO 2022
           5.20.8 PATENTS BY UPM KYMMENE CORP.
           5.20.9 PATENTS BY FAURECIA INTERIEUR IND.
                    5.20.10 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
 
6 NATURAL FIBER COMPOSITES MARKET, BY TYPE (Page No. - 85)
    6.1 INTRODUCTION 
           FIGURE 31 FLAX TYPE TO DOMINATE NATURAL FIBER COMPOSITES MARKET DURING FORECAST PERIOD
           TABLE 17 NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
           TABLE 18 NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 19 NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
           TABLE 20 NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
    6.2 FLAX 
           6.2.1 MOST WIDELY USED TYPE IN NATURAL FIBER COMPOSITES
                    FIGURE 32 EUROPE TO BE LARGEST FIBER COMPOSITES MARKET FOR FLAX TYPE DURING FORECAST PERIOD
           6.2.2 FLAX: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 21 FLAX: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 22 FLAX: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 23 FLAX: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 24 FLAX: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 KENAF 
           6.3.1 ALLOWS EASY AIR REMOVAL AND RAPID RESIN IMPREGNATION RESISTANCE AGAINST MOISTURE AND MICROBIAL ACTIVITIES
                    FIGURE 33 ASIA PACIFIC EXPECTED TO REGISTER HIGHEST CAGR IN NATURAL FIBER COMPOSITES MARKET FOR KENAF BETWEEN 2023 TO 2028
           6.3.2 KENAF: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 25 KENAF: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 26 KENAF: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 27 KENAF: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 28 KENAF: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 HEMP 
           6.4.1 STRONGEST CELLULOSIC FIBER AMONG NATURAL FIBERS
           6.4.2 HEMP: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 29 HEMP: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 30 HEMP: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 31 HEMP: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 32 HEMP: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.5 OTHER TYPES 
           6.5.1 OTHER TYPES: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 33 OTHER TYPES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 34 OTHER TYPES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 OTHER TYPES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 36 OTHER TYPES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS (Page No. - 95)
    7.1 INTRODUCTION 
          FIGURE 34 COMPRESSION MOLDING TO DOMINATE MARKET GROWTH BETWEEN 2023 AND 2028
          TABLE 37 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
          TABLE 38 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
          TABLE 39 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
          TABLE 40 NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
    7.2 COMPRESSION MOLDING 
           7.2.1 POPULAR IN MANUFACTURING COMPLEX AND HIGH-STRENGTH COMPOSITES
           7.2.2 COMPRESSION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 41 COMPRESSION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 42 COMPRESSION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 43 COMPRESSION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 44 COMPRESSION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 INJECTION MOLDING 
           7.3.1 PREFERRED FOR PROCESSING HIGH-END THREE-DIMENSIONAL PARTS
           7.3.2 INJECTION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 45 INJECTION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 46 INJECTION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 47 INJECTION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 48 INJECTION MOLDING: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 OTHER MANUFACTURING PROCESSES 
           7.4.1 OTHER MANUFACTURING PROCESSES: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 49 OTHER MANUFACTURING PROCESSES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 50 OTHER MANUFACTURING PROCESSES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 51 OTHER MANUFACTURING PROCESSES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 52 OTHER MANUFACTURING PROCESSES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY (Page No. - 104)
    8.1 INTRODUCTION 
          FIGURE 35 AUTOMOTIVE INDUSTRY TO DOMINATE NATURAL FIBER COMPOSITES MARKET DURING FORECAST PERIOD
          TABLE 53 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
          TABLE 54 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
          TABLE 55 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
          TABLE 56 NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    8.2 AUTOMOTIVE 
           8.2.1 LARGEST END-USE INDUSTRY FOR NATURAL FIBER COMPOSITES
                    FIGURE 36 EUROPE TO LEAD NATURAL FIBER COMPOSITES MARKET FOR AUTOMOTIVE END-USE INDUSTRY FROM 2023 TO 2028
           8.2.2 AUTOMOTIVE: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 57 AUTOMOTIVE: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 58 AUTOMOTIVE: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 59 AUTOMOTIVE: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 60 AUTOMOTIVE: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 BUILDING & CONSTRUCTION 
           8.3.1 WIDELY USED DUE TO HIGH STIFFNESS-TO-WEIGHT RATIO AND LIGHT WEIGHT OF NATURAL FIBER COMPOSITES
           8.3.2 BUILDING & CONSTRUCTION: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 61 BUILDING & CONSTRUCTION: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 62 BUILDING & CONSTRUCTION: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 63 BUILDING & CONSTRUCTION: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 64 BUILDING & CONSTRUCTION: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 OTHERS 
           8.4.1 OTHER END-USE INDUSTRIES: NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 65 OTHER END-USE INDUSTRIES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 66 OTHER END-USE INDUSTRIES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 67 OTHER END-USE INDUSTRIES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 68 OTHER END-USE INDUSTRIES: NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 NATURAL FIBER COMPOSITES MARKET, BY REGION (Page No. - 113)
    9.1 INTRODUCTION 
           FIGURE 37 CHINA TO BE FASTEST-GROWING NATURAL FIBER COMPOSITES MARKET DURING FORECAST PERIOD
           9.1.1 NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 69 NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 70 NATURAL FIBER COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 71 NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 72 NATURAL FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 IMPACT OF RECESSION ON NATURAL FIBER COMPOSITES MARKET IN NORTH AMERICA
                    FIGURE 38 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET SNAPSHOT
           9.2.2 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY TYPE
                    TABLE 73 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 74 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 75 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 76 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.2.3 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE
                    TABLE 77 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 78 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 79 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 80 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           9.2.4 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS
                    TABLE 81 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                    TABLE 82 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                    TABLE 83 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                    TABLE 84 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
           9.2.5 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY
                    TABLE 85 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 86 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 87 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 88 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
           9.2.6 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY
                    TABLE 89 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 90 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 91 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 92 NORTH AMERICA: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.2.6.1 US
                               9.2.6.1.1 US largest and fastest-growing market in North America
                               9.2.6.1.2 US: Natural fiber composites market, by end-use industry
                                              TABLE 93 US: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 94 US: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 95 US: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 96 US: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.2.6.2 Canada
                               9.2.6.2.1 Automotive sector to drive market
                               9.2.6.2.2 Canada: Natural fiber composites market, by end-use industry
                                              TABLE 97 CANADA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 98 CANADA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 99 CANADA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 100 CANADA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    9.3 EUROPE 
           9.3.1 IMPACT OF RECESSION ON NATURAL FIBER COMPOSITES MARKET IN EUROPE
                    FIGURE 39 EUROPE: NATURAL FIBER COMPOSITES MARKET SNAPSHOT
           9.3.2 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY TYPE
                    TABLE 101 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 102 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 103 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 104 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.3.3 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE
                    TABLE 105 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 106 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 107 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 108 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           9.3.4 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS
                    TABLE 109 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                    TABLE 110 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                    TABLE 111 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                    TABLE 112 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
           9.3.5 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY
                    TABLE 113 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 114 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 115 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 116 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
           9.3.6 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY
                    TABLE 117 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 118 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 119 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 120 EUROPE: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.3.6.1 Germany
                               9.3.6.1.1 Germany major producer of natural fiber composites
                               9.3.6.1.2 Germany: Natural fiber composites market, by end-use industry
                                              TABLE 121 GERMANY: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 122 GERMANY: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 123 GERMANY: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 124 GERMANY: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.3.6.2 France
                               9.3.6.2.1 Growing automotive and construction industries to drive demand
                               9.3.6.2.2 France: Natural fiber composites market, by end-use industry
                                              TABLE 125 FRANCE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 126 FRANCE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 127 FRANCE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 128 FRANCE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.3.6.3 UK
                               9.3.6.3.1 High-end car manufacturers to propel market growth
                               9.3.6.3.2 UK: Natural fiber composites market, by end-use industry
                                              TABLE 129 UK: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 130 UK: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 131 UK: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 132 UK: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.3.6.4 Netherlands
                               9.3.6.4.1 Netherlands home to major manufacturers
                               9.3.6.4.2 Netherlands: Natural fiber composites market, by end-use industry
                                              TABLE 133 NETHERLANDS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 134 NETHERLANDS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 135 NETHERLANDS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 136 NETHERLANDS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.3.6.5 Rest of Europe
                               9.3.6.5.1 Rest of Europe: Natural fiber composites market, by end-use industry
                                              TABLE 137 REST OF EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 138 REST OF EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 139 REST OF EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 140 REST OF EUROPE: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 IMPACT OF RECESSION ON NATURAL FIBER COMPOSITES MARKET IN ASIA PACIFIC
                    FIGURE 40 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET SNAPSHOT
           9.4.2 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY TYPE
                    TABLE 141 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 142 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 143 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 144 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.4.3 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE
                    TABLE 145 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 146 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 148 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           9.4.4 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS
                    TABLE 149 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                    TABLE 150 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                    TABLE 151 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                    TABLE 152 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
           9.4.5 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY
                    TABLE 153 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 154 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 156 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
           9.4.6 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY
                    TABLE 157 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 158 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 159 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 160 ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.4.6.1 Japan
                               9.4.6.1.1 Japan provides immense opportunities for using natural fiber composites
                               9.4.6.1.2 Japan: Natural fiber composites market, by end-use industry
                                              TABLE 161 JAPAN: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 162 JAPAN: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 163 JAPAN: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 164 JAPAN: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.4.6.2 China
                               9.4.6.2.1 Presence of well-established value chain to drive market
                               9.4.6.2.2 China: Natural fiber composites market, by end-use industry
                                              TABLE 165 CHINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 166 CHINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 167 CHINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 168 CHINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.4.6.3 India
                               9.4.6.3.1 Availability of raw materials for manufacturing natural fiber composites to boost market
                               9.4.6.3.2 Natural fiber composites market, by end-use industry
                                              TABLE 169 INDIA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 170 INDIA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 171 INDIA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 172 INDIA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.4.6.4 South Korea
                               9.4.6.4.1 Focus on R&D for fuel-efficient vehicles to drive market
                               9.4.6.4.2 South Korea: Natural fiber composites market, by end-use industry
                                              TABLE 173 SOUTH KOREA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 174 SOUTH KOREA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 175 SOUTH KOREA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 176 SOUTH KOREA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.4.6.5 Rest of Asia Pacific
                               9.4.6.5.1 Rest of Asia Pacific: Natural fiber composites market, by end-use industry
                                              TABLE 177 REST OF ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 178 REST OF ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 179 REST OF ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 180 REST OF ASIA PACIFIC: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    9.5 ROW 
           9.5.1 IMPACT OF RECESSION ON NATURAL FIBER COMPOSITES MARKET IN ROW
                    FIGURE 41 MEXICO TO HOLD LARGEST SHARE OF ROW NATURAL FIBER COMPOSITES MARKET
           9.5.2 ROW: NATURAL FIBER COMPOSITES MARKET, BY TYPE
                    TABLE 181 ROW: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 182 ROW: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 183 ROW: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 184 ROW: NATURAL FIBER COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.5.3 ROW: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE
                    TABLE 185 ROW: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 186 ROW: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 187 ROW: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 188 ROW: NATURAL FIBER COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           9.5.4 ROW: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS
                    TABLE 189 ROW: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                    TABLE 190 ROW: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                    TABLE 191 ROW: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                    TABLE 192 ROW: NATURAL FIBER COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
           9.5.5 ROW: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY
                    TABLE 193 ROW: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 194 ROW: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 195 ROW: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 196 ROW: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
           9.5.6 ROW: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY
                    TABLE 197 ROW: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 198 ROW: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 199 ROW: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 200 ROW: NATURAL FIBER COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.5.6.1 Mexico
                               9.5.6.1.1 Mexico largest market in RoW
                               9.5.6.1.2 Mexico: Natural fiber composites market, by end-use industry
                                              TABLE 201 MEXICO: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 202 MEXICO: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 203 MEXICO: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 204 MEXICO: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.5.6.2 Brazil
                               9.5.6.2.1 Growing automotive sector to propel market
                               9.5.6.2.2 Brazil: Natural fiber composites market, by end-use industry
                                              TABLE 205 BRAZIL: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 206 BRAZIL: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 207 BRAZIL: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 208 BRAZIL: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.5.6.3 Argentina
                               9.5.6.3.1 Construction and automotive sectors to lead market growth
                               9.5.6.3.2 Argentina: Natural fiber composites market, by end-use industry
                                              TABLE 209 ARGENTINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 210 ARGENTINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 211 ARGENTINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 212 ARGENTINA: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    9.5.6.4 Others
                               9.5.6.4.1 Others: Natural fiber composites market, by end-use industry
                                              TABLE 213 OTHERS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                              TABLE 214 OTHERS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                              TABLE 215 OTHERS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                              TABLE 216 OTHERS: NATURAL FIBER COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 167)
     10.1 INTRODUCTION 
     10.2 MARKET SHARE ANALYSIS 
             FIGURE 42 SHARES OF TOP COMPANIES IN NATURAL FIBER COMPOSITES MARKET, 2022
             TABLE 217 NATURAL FIBER COMPOSITES MARKET: DEGREE OF COMPETITION
     10.3 MARKET RANKING ANALYSIS 
             FIGURE 43 RANKING OF TOP 5 PLAYERS IN NATURAL FIBER COMPOSITES MARKET
     10.4 COMPETITIVE BENCHMARKING 
             TABLE 218 COMPANY FOOTPRINT
             TABLE 219 END-USE INDUSTRY: COMPANY FOOTPRINT
             TABLE 220 REGION: COMPANY FOOTPRINT
     10.5 COMPANY EVALUATION MATRIX, 2022 
             10.5.1 STARS
             10.5.2 PERVASIVE PLAYERS
             10.5.3 PARTICIPANTS
             10.5.4 EMERGING LEADERS
                        FIGURE 44 NATURAL FIBER COMPOSITES MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022
     10.6 COMPETITIVE SCENARIO 
             TABLE 221 NATURAL FIBER COMPOSITES MARKET: DEALS, 2018–2023
             TABLE 222 NATURAL FIBER COMPOSITES MARKET: OTHERS, 2018–2023
 
11 COMPANY PROFILES (Page No. - 174)
(Business Overview, Products/Services/Solutions offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness/competitive threats) *
     11.1 KEY PLAYERS 
             11.1.1 PROCOTEX SA CORPORATION NV
                        TABLE 223 PROCOTEX SA CORPORATION NV: COMPANY OVERVIEW
             11.1.2 POLYVLIES FRANZ BEYER GMBH & CO. KG
                        TABLE 224 POLYVLIES FRANZ BEYER GMBH & CO. KG: COMPANY OVERVIEW
             11.1.3 TECNARO GMBH
                        TABLE 225 TECNARO GMBH: COMPANY OVERVIEW
             11.1.4 FLEXFORM TECHNOLOGIES
                        TABLE 226 FLEXFORM TECHNOLOGIES: COMPANY OVERVIEW
             11.1.5 MESHLIN COMPOSITES ZRT.
                        TABLE 227 MESHLIN COMPOSITES ZRT.: COMPANY OVERVIEW
             11.1.6 GREENCORE COMPOSITES INC.
                        TABLE 228 GREENCORE COMPOSITES INC.: COMPANY OVERVIEW
             11.1.7 GREENGRAN B.V.
                        TABLE 229 GREENGRAN B.V.: COMPANY OVERVIEW
             11.1.8 JELU-WERK JOSEF EHRLER GMBH & CO. KG
                        TABLE 230 JELU-WERK JOSEF EHRLER GMBH & CO. KG: COMPANY OVERVIEW
             11.1.9 STEMERGY
                        TABLE 231 STEMERGY: COMPANY OVERVIEW
             11.1.10 TTS BIOCOMPOSITES (TEKLE TECHNICAL SERVICES INC.)
                        TABLE 232 TTS BIOCOMPOSITES: COMPANY OVERVIEW
*Details on Business Overview, Products/Services/Solutions offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness/competitive threats might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 BIOWERT INDUSTRIE GMBH
             11.2.2 J. RETTENMAIER & SOHNE GMBH + CO KG
             11.2.3 ENVIRONMENTAL COMPOSITES, INC.
 
12 APPENDIX (Page No. - 190)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORT 
     12.5 AUTHOR DETAILS 

The study involved two major activities in estimating the current size of the natural fiber composites market. Exhaustive secondary research was performed to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The natural fiber composites market comprises several stakeholders, such as material suppliers, manufacturers, end-product users, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of mainly the automotive, building & construction, and other end-use industries. Advancements in technology and diverse applications in various end-use industries describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Natural Fiber Composites Market Size, and Share

Notes: Tiers of companies are selected based on their ownership and revenues in 2022.

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the natural fiber composites market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall natural fiber composites market size, using the market size estimation processes explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the automotive, and building and construction.

Market Definition

Natural fiber composites are fabricated from natural fibers reinforced with polymer matrix, such as polypropylene, polyethylene, epoxy, and polyester. These natural fiber composites are non-wood composite fibers, comprising flax, jute, hemp, kenaf, sisal, coir, etc. Natural fibers are low-cost fibers with low density and high specific properties. Unlike synthetic fibers such as glass and carbon, natural fibers offer certain benefits to the composites, such as low density, low cost, renewability, biodegradability, and a high degree of flexibility during processing. Owing to their low density and outstanding mechanical properties, natural fiber composites have piqued the interest of many researchers to replace synthetic fibers for fabricating fiber-reinforced polymer composites for various end-use industries, such as building & construction, automotive, electrical & electronics, and consumer goods.

Key Stakeholders

  • Natural Fiber COmposites manufacturers
  • Raw material suppliers
  • Distributors and suppliers
  • Industry associations
  • Universities, governments & research organizations
  • Associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environmental support agencies
  • Investment banks and private equity firms

Objectives of the Report

  • To define, describe, and forecast the size of the natural fiber composites market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To provide detailed information about the technological advancements influencing the growth of the market
  • To forecast the market based on the material type, tank type, and end-use industry
  • To define, describe, and forecast the market based on five regions, namely, North America, Europe, Asia Pacific, and Rest of the World
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze recent developments such as expansions and joint ventures in the market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

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 Rest of Europe natural fiber composites market
  • Further breakdown of Rest of North America natural fiber composites market
  • Further breakdown of Rest of Asia Pacific natural fiber composites market
  • Further breakdown of Rest of the World natural fiber composites market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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