Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- The "Natural Fiber Composites: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Natural Fiber Composites estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$14 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2022-2030.
Wood Fiber, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$9.5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Non-Wood Fiber segment is readjusted to a revised 9.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 13.6% CAGR
The Natural Fiber Composites market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 8.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.
Select Competitors (Total 22 Featured) -
- Aqvacomp Oy
- Bcomp Ltd.
- Fiberon, Inc.
- GreenGran B.V.
- JELU-WERK Josef Ehrler GmbH & Co. KG
- Plasthill Oy
- PolyOne Corporation
- Polyvlies Franz Beyer GmbH & Co. Kg
- Procotex Corp SA
- TECNARO GmbH
- Tekle Technical Services, Inc.
- Trex Company, Inc.
- UPM Biocomposites.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 414 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.4 Billion |
| Forecasted Market Value (USD) by 2030 | $14 Billion |
| Compound Annual Growth Rate | 10.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- An Introduction to Natural Fiber Composites (NFCs)
- Key Technical Features of Select Natural Fibers
- Chemical Composition by Fiber Type
- Natural Fiber Composites: Current Market Scenario and Outlook
- While Developed Regions Remain Primary Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
- World Natural Fiber Composites (NFCs) Market by Region: Percentage Breakdown of Value Sales for Developed and Developing Regions for the Years 2019 and 2025
- Global NFC Market - Geographic Regions Ranked by CAGR (Value) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
- Global GDP Growth and Natural Fiber Composites Market Dynamics
- Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
- Natural Fiber Composites - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Wood fiber Composites Drive Overall Momentum in NFCs Market
- Share of Wood Fibers in the World Natural Fiber Composites Market (in %) for the Years 2019 and 2025
- Non-Wood Fibers Gain Traction
- Building & Construction: Dominant End-Use Sector for NFCs
- Global Construction Market by Region (2017 & 2020): Percentage Breakdown of Construction Spending for Asia, Western Europe, North America, Latin America, Eastern Europe, Africa, and Middle East
- Upward Movement in Construction Activity in Asian Countries to Drive Strong Market Gains
- Major Construction Markets Worldwide (2005, 2010, 2015, 2020, 2025, and 2030): Market Size ($ Billion) for China, India, Indonesia, Japan, USA, and Western Europe
- Projected Growth in the Asian Construction Market by Region and Sector (2016-2024)
- High Growth Opportunities Identified in Automotive Sector
- Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
- Aerospace Emerges as Niche Application Domain
- Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
- Compression Molding Technology Augments NFC Production Landscape
- Resin-Transfer Molding Process Remains a Major Production Technology Type
- Growing Relevancy of Eco-Friendly Composite Materials Gives Edge to Natural Fibers
- Sustained Focus on Enhancing the Properties of Natural Fibers Augments Market Prospects
- Increased Reliance on Synthetic Fibers Amid Scarcity and Volatility of Natural Fibers: The Key Issue
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/1cvmlv
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