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:

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

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-natural-fiber-composites-strategic-business-report-2023-wood-fiber-composites-drive-overall-momentum-in-nfcs-market-301855728.html

SOURCE Research and Markets

First published on Wed, Jun 21, 2023

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.

Tags:

ResearchAndMarkets Natural Fiber Composites (NFCs) UPM Biocomposites International Market Research

Join The Discussion

- Promoted By TechDogs -

Market Research