Global Natural Fiber Composites Strategic Business Report 2023: Wood Fiber Composites Drive Overall Momentum in NFCs Market

DUBLIN, June 20, 2023 /PRNewswire/ -- 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:

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/ibhg5j

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SOURCE Research and Markets