Product Code: A69683
The global natural fiber composites market was valued at $4.2 billion in 2022, and is projected to reach $8.3 billion by 2032, growing at a CAGR of 7.3% from 2023 to 2032.
Natural fiber composite (NFC) is a material that is made by combining natural fibers with a polymeric matrix material. These composites can be used as a replacement for traditional materials such as metal, plastic, and wood. They offer several advantages over traditional materials such as low cost, low density, high strength-to-weight ratio, and biodegradability.
Natural fibers such as jute, flax, hemp, kenaf, sisal, and coir are commonly used in NFCs, and they are combined with a thermoplastic or thermosetting matrix material to create a strong and durable composite material. The resulting NFCs are suitable for a wide range of applications, including automotive parts, building materials, consumer products, and packaging.
The market is driven by factors such as regulations and demand for environment-friendly composites, potential of NFC to replace synthetic fiber composites, and the superior properties of NFCs. Rising awareness about green products, increasing disposable income of consumers, growing inclination towards eco-friendly products, and urging uptake of recyclable products are likely to play a vital role in the growth of the market. However, limited temperature resistance in the aerospace & defense industry hinders the expansion of the market. On the contrary, rise in demand for customization of natural fiber composites is expected to offer ample growth opportunities for the natural fiber composites market during the forecast period.
The global natural fiber composites market is segmented into fiber type, technology, application, and region. On the basis of fiber type, the market is classified into wood, cotton, flax, kenaf, hemp, and others. Depending on the technology, it is segregated into injection molding, compression molding, and others. By application, it is fragmented into automotive, electronics, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global natural fiber composites market are: Bcomp Ltd., DuPont, Green Dot Bioplastics Inc., JELU-WERK J. Ehrler GmbH & Co. KG, Lingrove Inc, Plasthill Oy, Polyvlies, Procotex, TECNARO GmbH, and UPM.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural fiber composites market analysis from 2022 to 2032 to identify the prevailing natural fiber composites market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the natural fiber composites market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global natural fiber composites market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Fiber Type
- Wood
- Cotton
- Flax
- Kenaf
- Hemp
- Others
By Technology
- Injection Molding
- Compression Molding
- Others
By Application
- Others
- Automotive
- Electronics
- Construction
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Bcomp Ltd.
- DuPont
- Green Dot Bioplastics Inc.
- JELU-WERK J. Ehrler GmbH & Co. KG
- Lingrove Inc
- Plasthill Oy
- Polyvlies
- Procotex
- TECNARO GMBH
- UPM
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand from automotive industry
- 3.4.1.2. Surge in demand for bio-based composite materials
- 3.4.2. Restraints
- 3.4.2.1. Stringent regulations on wood composite products
- 3.4.3. Opportunities
- 3.4.3.1. Increase in use of natural fiber composites
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Patent Landscape
- 3.7. Pricing Analysis
- 3.8. Regulatory Guidelines
CHAPTER 4: NATURAL FIBER COMPOSITES MARKET, BY FIBER TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Wood
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Cotton
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Flax
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Kenaf
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Hemp
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
CHAPTER 5: NATURAL FIBER COMPOSITES MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Injection Molding
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Compression Molding
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: NATURAL FIBER COMPOSITES MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Automotive
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Electronics
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Construction
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: NATURAL FIBER COMPOSITES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Fiber Type
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Fiber Type
- 7.2.5.1.3. Market size and forecast, by Technology
- 7.2.5.1.4. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Fiber Type
- 7.2.5.2.3. Market size and forecast, by Technology
- 7.2.5.2.4. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Fiber Type
- 7.2.5.3.3. Market size and forecast, by Technology
- 7.2.5.3.4. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Fiber Type
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Fiber Type
- 7.3.5.1.3. Market size and forecast, by Technology
- 7.3.5.1.4. Market size and forecast, by Application
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Fiber Type
- 7.3.5.2.3. Market size and forecast, by Technology
- 7.3.5.2.4. Market size and forecast, by Application
- 7.3.5.3. Italy
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Fiber Type
- 7.3.5.3.3. Market size and forecast, by Technology
- 7.3.5.3.4. Market size and forecast, by Application
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Fiber Type
- 7.3.5.4.3. Market size and forecast, by Technology
- 7.3.5.4.4. Market size and forecast, by Application
- 7.3.5.5. UK
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Fiber Type
- 7.3.5.5.3. Market size and forecast, by Technology
- 7.3.5.5.4. Market size and forecast, by Application
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Fiber Type
- 7.3.5.6.3. Market size and forecast, by Technology
- 7.3.5.6.4. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Fiber Type
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Fiber Type
- 7.4.5.1.3. Market size and forecast, by Technology
- 7.4.5.1.4. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Fiber Type
- 7.4.5.2.3. Market size and forecast, by Technology
- 7.4.5.2.4. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Fiber Type
- 7.4.5.3.3. Market size and forecast, by Technology
- 7.4.5.3.4. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Fiber Type
- 7.4.5.4.3. Market size and forecast, by Technology
- 7.4.5.4.4. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Fiber Type
- 7.4.5.5.3. Market size and forecast, by Technology
- 7.4.5.5.4. Market size and forecast, by Application
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Fiber Type
- 7.4.5.6.3. Market size and forecast, by Technology
- 7.4.5.6.4. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Fiber Type
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Fiber Type
- 7.5.5.1.3. Market size and forecast, by Technology
- 7.5.5.1.4. Market size and forecast, by Application
- 7.5.5.2. South Africa
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Fiber Type
- 7.5.5.2.3. Market size and forecast, by Technology
- 7.5.5.2.4. Market size and forecast, by Application
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Fiber Type
- 7.5.5.3.3. Market size and forecast, by Technology
- 7.5.5.3.4. Market size and forecast, by Application
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Fiber Type
- 7.5.5.4.3. Market size and forecast, by Technology
- 7.5.5.4.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. UPM
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Polyvlies
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. TECNARO GMBH
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Plasthill Oy
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Lingrove Inc
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Bcomp Ltd.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Procotex
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. JELU-WERK J. Ehrler GmbH & Co. KG
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Green Dot Bioplastics Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
- 9.10. DuPont
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance