Apr 1, 2022   SOURCE: BusinessWire

Global Natural Fiber Composites Market Trajectory & Analytics, 2022-2027: Wood Fiber Composites Drive Overall Momentum in NFCs Market - ResearchAndMarkets.com

The "Natural Fiber Composites - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Natural Fiber Composites Market to Reach $10.2 Billion by 2027

The global market for Natural Fiber Composites estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 10.2% over the period 2020-2027.

Wood Fiber, one of the segments analyzed in the report, is projected to record 10.9% CAGR and reach US$6.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Wood Fiber segment is readjusted to a revised 9.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 13.7% CAGR

The Natural Fiber Composites market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 13.7% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

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
  • Global GDP Growth and Natural Fiber Composites Market Dynamics

2. FOCUS ON SELECT PLAYERS (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.

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
  • Upward Movement in Construction Activity in Asian Countries to Drive Strong Market Gains
  • High Growth Opportunities Identified in Automotive Sector
  • Aerospace Emerges as Niche Application Domain
  • 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. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2w98r0