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[128 Pages] Natural Fiber Composites Market research report categorizes the global market by Manufacturing Process (Compression Molding, Injection Molding), Type (Wood Fiber and Non-Wood Fiber), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region.

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natural fiber composites market worth

Natural Fiber Composites Market worth 6.50 Billion USD by 2021

The report "Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing

Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction,

Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021", The market size of Natural

Fiber Composites (NFCs) is projected to reach USD 6.50 Billion by 2021, at a CAGR of 11.68%, between 2016 and

2021. This growth is attributed to the high demand for NFCs in the construction and automotive industry, driven by the

regulatory norms, and superior performance. Lightweight, high stiffness-to-weight ratio, consumer awareness regarding

recyclable, and biodegradable materials, are advantages of the use of NFCs in the composites market.

Browse 41 market data Tables and 42 Figures spread through 128 Pages and in-depth TOC on "Natural Fiber

Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression

Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical &

Electronics), and Region - Global Forecasts to 2021"

https://www.marketsandmarkets.com/Market-Reports/natural-fiber-composites-market-

90779629.html

Manufacturing process: Compression molding comprises a major share in the NFCs market

Compression molding is the most widely used manufacturing process of NFCs. Automotive and construction industries

are the key users of compression molded NFCs due to their benefits, such as cost effectiveness, high reproducibility,

low cycle time, homogenous distribution of long fibers in fleece, lesser wastage of raw material and lower tooling costs.

Heavy and intricate complex parts with good surface finish can be made with the help of compression molding, which

make it suitable in the construction industry. In the automotive industry, it is used to produce interior parts of automobiles

with higher strength and stiffness.

Construction & Automotive industry is at the forefront and driving the NFCs market

The demand for NFCs in the construction industry for outdoor deck floors, railings, fences, landscaping timbers, park

benches, window and door frames, and indoor furniture has grown remarkably on the global platform. This is due to

their superior strength-to weight ratio, recyclability, and low cost. Further, NFCs are becoming popular and essential

for making automotive components such as seatbacks, parcel shelves, boot linens, front and rear door linens, truck

linens, and door-trim panels due to their lightweight and increased fuel efficiency.

North America accounts for a major market share of NFCs market

The North America region accounts for the largest market of NFCs, globally, due to the high demand from the

construction industry and regulatory norms requiring the use of ecofriendly materials. Along with the existing

capacities, several NFCs manufacturers, are expanding their production capacities. According to the Department

of Environment Food & Rural Affairs (DEFRA) report, almost 1.5 million vehicles included applications for natural fibers

such as kenaf, jute, flax, hemp and sisal in combination with thermoplastic polymers such as polypropylene and

polyester. The demand for NFCs in North America is projected to continuously increase in the near future on account

of significant performance at lower prices of NFCs in automotive and construction applications driven by regulatory

standards recommending the use of lightweight and recyclable materials.

Some of the key global players prevailing in the NFCs market are Trex Company, Inc., Advanced Engineering recycling

technologies, Inc. (AERT), Fiberon LLC (U.S.), UPM Biocomposites (Finland), FlexForm Technologies (U.S.), among

others. These players have adopted various organic and inorganic developmental strategies in the past five years. For

instance, FlexForm Technologies formed FlexForm Korea Ltd. for the acquisition and operation of factories and

production lines in Jeonju City and Cheonan, South Korea.

This report covers the market of NFCs and forecasts the market size till 2021. The report includes the market

segmentation by type, by manufacturing process, application, and region. It also provides company profiles and

competitive strategies adopted by the major market players in the NFCs market.

download pdf brochure https www marketsandmarkets

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=90779629

On the Basis of Type, NFCs market is segmented into:

Wood

Non-wood

On the Basis of Manufacturing Processes, NFCs market is classified as:

Compression molding

Injection molding

Other processes

On the Basis of Application, NFCs market is segmented into:

Building & construction

Automotive

Electronics & electricals

Others

On the basis of Region, NFCs market is segmented as:

North America

Europe

Asia-Pacific

South America

Middle East & Africa

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