With Over US$8.5 billion Projected Opportunity for the Taking, Spotting the Right Trends in the Natural Fiber Composites Market is Crucial to Staying Ahead
The global market for Natural Fiber Composites is projected to reach US$8.5 billion by 2025, driven by the growing focus on environmental sustainability and the ensuing search for safer and natural alternatives for traditionally engineered materials.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Natural Fiber Composites market. The segments covered in the study include Type (Wood Fiber, Non-Wood Fiber); Manufacturing Process (Compression Molding, Injection Molding, and Other Manufacturing Processes); and Application (Building & Construction, Automotive, Electrical & Electronics, and Other Applications).
10 June 9:31 A.M., California/Marketwire/ - According to the new market research report, the global market for Natural Fiber Composites is projected to reach US$8.5 billion by 2025, driven by the growing focus on environmental sustainability and the ensuing search for safer and natural alternatives for traditionally engineered materials. The market will receive a setback in the year 2020 amid ongoing COVID-19 crisis and will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned
Defined as reinforcing fibers derived from natural origin such as wood, plants and animals, NFCs are CO2 neutral. Amid anticipated increase in demand for advanced composites in manufacturing in post COVID-19 environment, natural fiber composites (NFCs) are attractively positioned to tap into the opportunity. As the environmental cost of manufacturing using non-renewable resources increase there will be a parallel increase in the commercial value of natural products and feedstocks given their extraordinary value-addition in preserving the environment. NFCs are poised to find attractive opportunities in construction materials, insulation, engineering and automotive. The automotive industry in the coming years will emerge into the forefront of application of natural fiber reinforced polymer composites supported by the rise of electric vehicles and legislation of stricter environmental regulations. The abundant availability of natural fiber wastes offer a cheap and low cost resource for developing NFCs.
Key Competitors Covered in the Report
JELU-WERK Josef Ehrler GmbH & Co. KG
Polyvlies Franz Beyer GmbH & Co. Kg
Procotex Corp SA
Tekle Technical Services, Inc.
Trex Company, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 513. Among this pool, 103 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 21 unique participations, a total of 9 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.