Reports and Data estimates the global Natural Fiber Composites competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Natural Fiber Composites during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include FlexForm Technologies LLC, Procotex Corp SA, Tecnaro GmbH, Kafus Bio-Composites Inc., FiberGran GmbH& Corp. KG, UPM Biocomposites, Tagleef Industries, Polyvlies Franz Beyer GmbH & Co. Kg, Trex Company, Inc., and Advanced Environmental Recycling Technologies, Inc.

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Natural Fiber Composites Overview :-

The Global Natural Fiber Composites Market is forecasted to grow at a rate of 11.7% CAGR from USD 6.31 billion in 2019 to USD 14.60 billion in 2027. With the rising concern because of the biodegradability and recyclability composites carbon and glass, natural fiber composites are a perfect replacement. With properties like low density, high durability, cost-effectiveness, and lightweight, they have gained significant popularity. NFCs are reinforced matrices formed using natural fibers. Natural fiber like jute, coir, bagasse, cotton, hemp, bamboo is used to manufacture stiff composite and high strength structures that can be used for various applications. The natural fibers are used to reinforce both thermoplastic and thermosetting matrices. The market product have more strength than conventional fibers and are relatively lighter, and therefore these are extensively used in the automotive industry for exterior and interior applications.

The market is expected to experience significant growth during the forecasted period due to the growing environmental concern over the utilization and production of non-biodegradable synthetic fibers. Strict laws regarding the non-biodegradable composites in regions like Europe and North America have provided new opportunities for the market in these regions. With the rising demand for sustainable natural fibers composites in developing regions for the construction, textile, and automotive industry, the market shows ominous signs of growth over the forecasted period.

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For the purpose of this report Reports and Data has segmented global Natural Fiber Composites market on the basis of type, application, and region:

Type Outlook (Revenue, USD Million; 2017-2027)

·       Wood

·       Non-wood

Manufacturing process Outlook (Revenue, USD Million; 2017-2027)

·       Injection Molding

·       Compression Molding

·       Pultrusion

·       Others

Application Outlook (Revenue, USD Million; 2017-2027)

·       Automotive

·       Electronics

·       Sporting Goods

·       Construction

·       Others

Key Regional Markets Covered in the Report:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

·       What is the expected year-on-year growth of the Natural Fiber Composites during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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