Global Natural Fiber Composites Market

Global Natural Fiber Composites Market Size, Share, Growth Analysis, By Type(Flax Fiber Composites, Hemp Fiber Composites), By Application(Automotive, Building & Construction) - Industry Forecast 2023-2030


Report ID: SQMIG20B2021 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 68 | Figures: 75

Global Natural Fiber Composites Market Insights

Natural Fiber Composites Market size was valued at USD 7.02 billion in 2021 and is poised to grow from USD 8.11 billion in 2022 to USD 25.59 billion by 2030, growing at a CAGR of 15.45% in the forecast period (2023-2030).

The global natural fiber composites market is experiencing significant growth, driven by the increasing demand for sustainable and eco-friendly materials across various industries. Natural fiber composites are composite materials that incorporate natural fibers, such as jute, hemp, flax, kenaf, and sisal, as reinforcement in a polymer matrix. Natural fiber composites offer several advantages over traditional materials, including lower carbon footprint, renewable sourcing, and biodegradability. As governments and organisations worldwide emphasise sustainable practices, the demand for natural fiber composites is expected to witness a steady rise. The automotive industry holds a substantial share in the global natural fiber composites market. Automakers are increasingly adopting natural fiber composites for interior components, such as door panels, dashboards, and seat backs, as they offer weight reduction, improved fuel efficiency, and enhanced sustainability. Moreover, the stringent regulations regarding vehicle emissions and the focus on reducing environmental impact are driving the adoption of natural fiber composites in automotive manufacturing. The packaging industry is also witnessing a shift towards natural fiber composites. Packaging manufacturers are exploring biodegradable and renewable alternatives to conventional plastic packaging materials. Natural fiber composites offer a viable solution by providing adequate strength and durability while being environmentally friendly. The increasing consumer preference for sustainable packaging options further fuels the demand for natural fiber composites in the packaging sector.

US Natural Fiber Composites Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 7.02 billion

Largest Segment

Flax Fiber

Fastest Growth

Flax Fiber

Growth Rate

15.45% CAGR

Global Natural Fiber Composites By Country ($ Bn)
Country Share for North America Region (%)
Global Natural Fiber Composites By Type ($ Bn)
Global Natural Fiber Composites By Type (%)

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Global Natural Fiber Composites Market Segmental Analysis

The Global Natural Fiber CompositesMarket is segmented by type, application, and region. Based on type, the market can be segmented into Flax Fiber Composites, Hemp Fiber Composites, Jute Fiber Composites, Kenaf Fiber Composites and Others. Based on application, the market is segmented into Automotive, Building & Construction, Aerospace & Defense, Consumer Goods, Sports & Leisure and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Natural Fiber Composites By Type, 2021 (%)

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Global Natural Fiber Composites Market Regional Insights

In the global natural fiber composites market, the most dominant region is North America. North America has a well-established manufacturing base, advanced research and development capabilities, and a strong focus on sustainability. The region's dominant position can be attributed to the presence of key market players, technological advancements, and increasing demand for eco-friendly and lightweight materials in various industries.

On the other hand, the fastest-growing region in the global natural fiber composites market is the Asia-Pacific. The Asia-Pacific region is witnessing significant growth due to rapid industrialization, urbanisation, and infrastructure development in countries such as China, India, and Southeast Asian nations. These countries have a large consumer base, rising disposable income, and a growing awareness of environmental sustainability, which is driving the demand for natural fiber composites. Additionally, government initiatives and regulations promoting sustainable materials and reducing carbon emissions further contribute to the market's growth in the region.

Global Natural Fiber Composites By Geography, 2023-2030
  • Largest
  • Fastest

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Global Natural Fiber Composites Market Dynamics

Natural Fiber Composites Market Drivers

Lightweight and High Strength

  • Natural fiber composites possess an advantageous strength-to-weight ratio, making them ideal for lightweight applications. Industries such as automotive and aerospace prioritise materials that can reduce weight while maintaining strength and performance. Natural fiber composites fulfil these requirements, contributing to enhanced fuel efficiency and overall performance.

Natural Fiber Composites Market Restraints

Moisture Absorption and Dimensional Stability

  • One challenge associated with natural fiber composites is their susceptibility to moisture absorption. Natural fibers have a tendency to absorb water, which can impact their mechanical properties and dimensional stability. As a result, the application of natural fiber composites may be limited in environments with high humidity or exposure to moisture.

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Global Natural Fiber Composites Market Competitive Landscape

The global natural fiber composites market is witnessing a competitive landscape with several key players vying for market share. The market is characterised by the presence of both established companies and emerging players, each striving to develop innovative natural fiber composites and expand their product portfolios. These companies are actively investing in research and development to enhance the mechanical, thermal, and structural properties of natural fiber composites. They are also focusing on improving the manufacturing processes and exploring new fiber sources to widen the range of applications.

Natural Fiber Composites Market Top Player’s Company Profiles

  • FlexForm Technologies (US)
  • UPM Biocomposites (Finland)
  • Greencore Composites Inc. (Canada)
  • Technaro GmbH (Germany)
  • Fiberon LLC (US)
  • Trex Company, Inc. (US)
  • GreenGran BV (Netherlands)
  • TTS (US)
  • Jelu-Werk J. Ehrler GmbH & Co. KG (Germany)
  • Polyvlies Franz Beyer GmbH & Co. KG (Germany)
  • Fiberon Composites (US)
  • NewTechWood (US)
  • JELU-WERK (Germany)
  • Fiberon LLC (US)
  • Universal Forest Products, Inc. (US)
  • Green Dot Holdings LLC (US)
  • Stora Enso Oyj (Finland)
  • NFP fibers (US)
  • Bedell Guitars (US)
  • Alpenglow Industrial Co., Ltd. (China)

Global Natural Fiber Composites Key Market Trends

  • The key market trend of the global natural fiber composites market is the increasing demand for sustainable and lightweight materials. Natural fiber composites are made from renewable resources, which makes them a more sustainable alternative to traditional synthetic fiber composites. They are also lightweight, which makes them a good option for applications where weight is a critical factor, such as the automotive and aerospace industries.

Global Natural Fiber Composites Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the global natural fiber composites analysis, the global natural fiber composites market has witnessed significant growth in recent years and is expected to continue expanding in the forecast period. Natural fiber composites offer several environmental benefits, including reduced carbon footprint, recyclability, and biodegradability. With growing concerns about climate change and environmental conservation, industries are actively seeking alternatives to traditional synthetic materials, driving the adoption of natural fiber composites. The automotive industry is a prominent consumer of natural fiber composites, owing to their lightweight properties and potential for reducing vehicle weight and enhancing fuel efficiency. The report highlights the growing automotive sector as a significant factor contributing to the market's growth. Additionally, the construction industry is adopting natural fiber composites for applications such as decking, cladding, and interior components, driven by their durability, aesthetic appeal, and sustainability. However, the report also identifies certain challenges and restraints in the market. Technical limitations in terms of moisture absorption, low thermal stability, and compatibility with certain matrix materials can hinder the widespread adoption of natural fiber composites. Additionally, the higher cost compared to traditional materials poses a restraint to market growth.

Report Metric Details
Market size value in 2021 USD 7.02 billion
Market size value in 2030 USD 25.59 billion
Growth Rate 15.45%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Flax Fiber Composites, Hemp Fiber Composites, Jute Fiber Composites, Kenaf Fiber Composites, and Others.
  • Application
    • Automotive, Building & Construction, Aerospace & Defense, Consumer Goods, Sports & Leisure, and Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • FlexForm Technologies (US)
  • UPM Biocomposites (Finland)
  • Greencore Composites Inc. (Canada)
  • Technaro GmbH (Germany)
  • Fiberon LLC (US)
  • Trex Company, Inc. (US)
  • GreenGran BV (Netherlands)
  • TTS (US)
  • Jelu-Werk J. Ehrler GmbH & Co. KG (Germany)
  • Polyvlies Franz Beyer GmbH & Co. KG (Germany)
  • Fiberon Composites (US)
  • NewTechWood (US)
  • JELU-WERK (Germany)
  • Fiberon LLC (US)
  • Universal Forest Products, Inc. (US)
  • Green Dot Holdings LLC (US)
  • Stora Enso Oyj (Finland)
  • NFP fibers (US)
  • Bedell Guitars (US)
  • Alpenglow Industrial Co., Ltd. (China)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Natural Fiber Composites Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Natural Fiber Composites Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Natural Fiber Composites Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Natural Fiber Composites Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Natural Fiber Composites Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Natural Fiber Composites Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Natural Fiber Composites Market size was valued at USD 7.02 billion in 2021 and is poised to grow from USD 8.11 billion in 2022 to USD 25.59 billion by 2030, growing at a CAGR of 15.45% in the forecast period (2023-2030).

The global natural fiber composites market is witnessing a competitive landscape with several key players vying for market share. The market is characterised by the presence of both established companies and emerging players, each striving to develop innovative natural fiber composites and expand their product portfolios. These companies are actively investing in research and development to enhance the mechanical, thermal, and structural properties of natural fiber composites. They are also focusing on improving the manufacturing processes and exploring new fiber sources to widen the range of applications. 'FlexForm Technologies (US)', 'UPM Biocomposites (Finland)', 'Greencore Composites Inc. (Canada)', 'Technaro GmbH (Germany)', 'Fiberon LLC (US)', 'Trex Company, Inc. (US)', 'GreenGran BV (Netherlands)', 'TTS (US)', 'Jelu-Werk J. Ehrler GmbH & Co. KG (Germany)', 'Polyvlies Franz Beyer GmbH & Co. KG (Germany)', 'Fiberon Composites (US)', 'NewTechWood (US)', 'JELU-WERK (Germany)', 'Fiberon LLC (US)', 'Universal Forest Products, Inc. (US)', 'Green Dot Holdings LLC (US)', 'Stora Enso Oyj (Finland)', 'NFP fibers (US)', 'Bedell Guitars (US)', 'Alpenglow Industrial Co., Ltd. (China)'

Natural fiber composites possess an advantageous strength-to-weight ratio, making them ideal for lightweight applications. Industries such as automotive and aerospace prioritise materials that can reduce weight while maintaining strength and performance. Natural fiber composites fulfil these requirements, contributing to enhanced fuel efficiency and overall performance.

The key market trend of the global natural fiber composites market is the increasing demand for sustainable and lightweight materials. Natural fiber composites are made from renewable resources, which makes them a more sustainable alternative to traditional synthetic fiber composites. They are also lightweight, which makes them a good option for applications where weight is a critical factor, such as the automotive and aerospace industries.

In the global natural fiber composites market, the most dominant region is North America. North America has a well-established manufacturing base, advanced research and development capabilities, and a strong focus on sustainability. The region's dominant position can be attributed to the presence of key market players, technological advancements, and increasing demand for eco-friendly and lightweight materials in various industries.

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Global Natural Fiber Composites Market

Product ID: SQMIG20B2021

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