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  • Published On : Jul 2022
  • Code : CMI5072
  • Industry : Advanced Materials
  • Pages : 175
  • Formats :

Natural fibers, as compared to synthetic fibers, exhibit better thermal stability following chemical treatments. These treatments improve the mechanical, thermal, and wettability properties of the natural fibers. The chemical treatment also changes the fiber's morphology, surface chemistry, and pore structure. This process increases the strength and stiffness of natural fibers and improves their adhesion to the matrix. They are an excellent option for a wide variety of applications, including bridge and road construction, aerospace, and automotive industry.

Market Statistics:

The global Natural Fiber Reinforced Composites market was valued at US$ 2,740.30 Mn in 2020 and is forecast to reach a value of US$ 3,940.00 Mn by 2028 at a CAGR of 5.30% between 2021 and 2028.

Asia Pacific held dominant position in the global Natural Fiber Reinforced Composites market in 2020, accounting for 64.1% share in terms of volume, followed by North America, Europe and Latin America, respectively.

Figure 1. Global Natural Fiber Reinforced Composites Market Value Share (%), By Region, 2021

Natural Fiber Reinforced Composites  | Coherent Market Insights

Recent Developments:

  1. In November 2021, The AZEK Company announced the launch of new outdoor living products from TimberTech, two on-trend composite deck-board colors, French White Oak, and Dark Cocoa, which are available from January 2022.
  2. In October 2021, Green Dot Bioplastics Inc. and Mayco International have partnered to reclaim trim and scrap fibers for Natural Fiber Reinforced Plastic (NFRP) to produce a sustainable solution for waste produced during the manufacture of automotive components.

Market Drivers:

Increasing demand for bio-based composite materials due to growing environmental concern is a prime factor driving growth of the natural fiber reinforced composites market. These fiber composite are derived from the bast or outer stem of various plants. Use of these composite can reduce the carbon footprint by 50% compared to oil-based products. Additionally, these natural fiber are recyclable (up to 100%). All these factors are expected to drive market growth.

Growing use of bio-based fiber composite in automobile industry is again fostering market growth. Due to their lightweight properties they are increasingly used in production of electric vehicle components. Moreover, these composite can be used in floor panels, door panels, seat backs, under floor pans, headliners, and trunk liners in cars and trucks, due to its competitive stiffness and strength to various synthetic fibers and good acoustic insulation characteristics.

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Natural Fiber Reinforced Composites Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 2,740.30 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2028
Forecast Period 2021 to 2028 CAGR: 5.30% 2028 Value Projection: US$ 3,940.00 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Fiber Type: Wood Fiber Composites, Non-wood Fiber Composites
  • By Polymer: Thermosets, Thermoplastics
  • By End-User Industry: Aerospace, Automotive, Building and Construction, Electrical and Electronics, Sports, Other End-user Industries
Companies covered:

Amorim Cork Composites SA, Fiberon, Flexform Technologies, Green Dot Bioplastics Inc, GreenGran BN, International Paper, JELU-WERK J. Ehrler GmbH & Co. KG, Meshlin Composites Zrt, NPSP BV, Oldcastle APG, Polyvlies Franz Beyer GmbH, TECNARO GmbH, The AZEK Company Inc., Trex Company Inc., TTS, and UPM

Growth Drivers:
  • Growing demand from automotive industry
  • Increasing demand for eco-friendly and sustainable fiber composite
Restraints & Challenges:
  • Low impact resistant compared to glass reinforced composite

Figure 2. Global Fiber Reinforcement Composites Market Value Share (%), By Fiber Type, 2021

Natural Fiber Reinforced Composites  | Coherent Market Insights

Market Restraints:

Researches have demonstrated that the physical properties, such as dimensional instability and glass transition temperature (Tg), and mechanical properties, such as flexural, tensile, fracture, and impact, reduces, when the natural fibers absorb the moisture. This is, majorly, due to the reduction in interfacial bonding between the fiber and the matrix. These moisture can lead to the formation of voids in the composite matrix. This factor is expected to hinder the market growth.

Moreover, low impact resistivity compared to glass fiber reinforced composites is again expected to lower the adoption of bio-based fiber composite. Various results have shown that the impact resistance (notched and un-notched) of natural fiber composites is drastically lower than the glass fiber reinforced composites, and such behavior should be majorly due to the lower fiber strength. This is expected to restrict the market growth.

Market Opportunities:

Increasing use of flame retardant during natural fiber reinforced composites manufacturing is expected to bring profitable growth opportunities for the key player’s active in the market. For instance, some of the key flame retardants used during the natural fiber reinforced composites manufacturing, include, Ammonium polyphosphate (APP), Magnesium hydroxide (Mg(OH) 2), Zinc borate (Zb), and Graphite. Some of the other flame retardant additives, include, halloysite nanotubes, phosphorous compounds, sodium meta silicate, nano-clays, and others.

Growing use of natural fiber reinforced composite in construction sector especially civil engineering construction application is expected to offer potential growth opportunities over the forecast period. For instance, wood fiber-reinforced composites can be used for fencing, decking, molding, trim, etc. They are low maintenance cost and resistance to stains, weathering, and warping.

Market Trends/Key Takeaways:

New product launch by key players to expand the market presence is expected to contribute to the market growth. This trend is estimated to uplift the market growth in the near future. For instance, in October 2021, Lanxess has added a new product to its Tepex line of continuous-fibre-reinforced thermoplastic composites.

Growing trend of go-green and changing lifestyle of consumer is expected to supplement the market growth. Use of inorganic compound with natural fiber composite to improve the cracking deformation of composite, toughness, and tensile strength properties will further favour the market growth.

Competitive Landscape:

  1. Amorim Cork Composites SA
  2. Fiberon
  3. Flexform Technologies
  4. Green Dot Bioplastics Inc
  5. GreenGran BN
  6. International Paper
  7. JELU-WERK J. Ehrler GmbH & Co. KG
  8. Meshlin Composites Zrt
  9. NPSP BV
  10. Oldcastle APG
  11. Polyvlies Franz Beyer GmbH
  12. TECNARO GmbH
  13. The AZEK Company Inc.
  14. Trex Company Inc.
  15. TTS
  16. UPM

The properties of Natural Fiber Reinforced Composites can be varied, as these materials are derived from both plant and animal sources. Mechanical properties of natural fibers depend on the matrix, fillers, fiber content, fabrication processes and many other variables. The main benefits of natural fibers include their low density and high specific strength properties. This means that they can be used in a variety of applications, including construction and manufacturing. These composites can also be made from agricultural wastes.

Market Dynamics:

Increasing demand from automotive and construction industry due to its lightweight, excellent specific mechanical properties, low cost, and low density properties is driving growth of the natural fiber reinforced market. On the other hand, low impact resistance properties as compared to glass reinforced composite and fluctuating price of raw materials are expected to hinder market growth.

Nevertheless, increasing research &developments activities and growing application in electronic industry are expected to bring bright opportunities for the market players.

Key features of the study:

  • This report provides in-depth analysis of the global natural fiber reinforced composites market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global natural fiber reinforced composites market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Amorim Cork Composites SA, Fiberon, Flexform Technologies, Green Dot Bioplastics Inc, GreenGran BN, International Paper, JELU-WERK J. Ehrler GmbH & Co. KG, Meshlin Composites Zrt, NPSP BV, Oldcastle APG, Polyvlies Franz Beyer GmbH, TECNARO GmbH, The AZEK Company Inc., Trex Company Inc., TTS, and UPM
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global natural fiber reinforced composites market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global natural fiber reinforced composites market

Detailed Segmentation:

  • Global Natural Fiber Reinforced Composites Market, By FIBER TYPE
    • Wood Fiber Composites
    • Non-wood Fiber Composites
  • Global Natural Fiber Reinforced Composites Market, By POLYMER
    • Thermosets
    • Thermoplastics
  • Global Natural Fiber Reinforced Composites Market, By END-USER INDUSTRY
    • Aerospace
    • Automotive
    • Building and Construction
    • Electrical and Electronics
    • Sports
    • Other End-user Industries
  • Global Natural Fiber Reinforced Composites Market, By GEOGRAPHY
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle East & Africa

Frequently Asked Questions

The global natural fiber reinforced composites market size is estimated to be valued at US$ 2,740.30 Million in 2021 and is expected to exhibit a CAGR of 5.30% between 2021 and 2028.
Growing demand for eco-freiendly and sustainable fiber reinforced composite are fuelling the growth of the market.
The Wood Fiber Composites  segment is the leading component segment in the market.
Low impact resistant compared to glass reinforced composite is the major factors restraining growth of the market.
Major players operating in the market are Amorim Cork Composites SA, Fiberon, Flexform Technologies, Green Dot Bioplastics Inc, GreenGran BN, International Paper, JELU-WERK J. Ehrler GmbH & Co. KG, Meshlin Composites Zrt, NPSP BV, Oldcastle APG, Polyvlies Franz Beyer GmbH, TECNARO GmbH, The AZEK Company Inc., Trex Company Inc., TTS, and UPM

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