Global Market for Natural Fiber Composites
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) -
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Aqvacomp Oy
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Bcomp Ltd.
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Fiberon, Inc.
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GreenGran B.V.
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JELU-WERK Josef Ehrler GmbH & Co. KG
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Plasthill Oy
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PolyOne Corporation
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Polyvlies Franz Beyer GmbH & Co. Kg
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Procotex Corp SA
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TECNARO GmbH
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Tekle Technical Services, Inc.
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Trex Company, Inc.
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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
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Influencer Market Insights
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World Market Trajectories
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Impact of Covid-19 and a Looming Global Recession
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An Introduction to Natural Fiber Composites (NFCs)
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Key Technical Features of Select Natural Fibers
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Chemical Composition by Fiber Type
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Natural Fiber Composites: Current Market Scenario and Outlook
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While Developed Regions Remain Primary Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
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World Natural Fiber Composites (NFCs) Market by Region: Percentage Breakdown of Value Sales for Developed and Developing Regions for the Years 2019 and 2025
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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
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Global GDP Growth and Natural Fiber Composites Market Dynamics
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Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
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Natural Fiber Composites - Global Key Competitors Percentage Market Share in 2022 (E)
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Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)