Natural Fiber Reinforcement Materials Market Overview:
Natural Fiber Reinforcement Materials Market was valued at $250 million in 2015, and is expected to reach $408 million by 2022, supported by a CAGR of 7.3% during the forecast period 2016 to 2022. Natural fibers are fibers obtained from plants, animals or minerals. Natural fibers, being bio-based, have several advantages over other synthetic fibers such as, eco-friendly in nature, easy to dispose, non-toxicity, light weight, and many others.
The global natural fiber reinforcement materials industry is driven by its growth in demand from the automotive industry, environment-friendly nature, and stringent regulations against the use of pollution causing synthetic materials. In addition, consumer awareness regarding environmental protection also fuels the growth of natural fibers. However, factors, such as, low strength as compared to synthetic fibers and fluctuation in raw material prices is expected to hamper the market growth. Furthermore, increase in applications of natural fiber in the construction and packaging sector is creating several lucrative opportunities for growth in the natural fiber reinforcement materials market.
Natural Fiber Reinforcement Materials Market Segmentation
The global natural fiber reinforcement materials market is segmented on type, end-use industry, and geography. Based on type, it is divided into hemp, flax, kenaf, jute, and others (coir, abaca, sisal). On the basis of end-use industry, it is segmented into transportation, building & construction, consumer goods, and others.
Top investment Pocket
The kenaf segment is anticipated to be the top investment pocket for natural fiber reinforcement materials market players during the forecast period, owing to its abundant availability and expanding applications & growth in demand from the automotive industry. The advantages of kenaf over other natural fibers such as thermal & heat insulation, superior strength, non-toxic, low density, and easy disposable have made kenaf the leading choice of car manufacturers globally. Next to kenaf, hemp is anticipated to be the second choice of players in natural fiber reinforcement materials market.
Top investment Pockets
Geographically, the natural fiber reinforcement materials market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the global natural fiber reinforcement materials market in 2015, and is anticipated to maintain its lead throughout the forecast period, owing to the extensive use of flax in automotive applications. However, Asia-Pacific is anticipated to grow with the highest rate throughout the forecast period.
Natural Fiber Reinforcement Materials Market, By Geography, 2015 & 2022
Germany accounted for the highest revenue in the Europe natural fiber reinforcement materials market in 2015, owing to the presence of several natural fiber reinforcement materials manufacturers and increase in use of natural fibers from the automotive sector. In addition, numerous new facilities have been put to operation in the last decade, considerably increasing the production capacity of natural fibers.
Germany Natural Fiber Reinforcement Materials Market, 2014-2022 ($Million)
Key players operating in the natural fiber reinforcement materials market include AgroFiber SAS, Bast Fiber LLC., Greene Natural Fibers LLC., Procotex Corporation, Hempflax BV, Saneco S.A., Hempline Inc., Schweitzer-Mauduit International, Inc., Kenaf Industries of South Texas, and NFC Fibers GmbH.
Other major natural fiber reinforcement materials players in the natural fibers market (not included in the report) are EUCHORA S.R.L., Badische Naturfaseraufbereitung GmbH, Tenbro, Wilhem G. Clasen, FlaxStalk Natural Fiber Solutions, Fiberon LLC., Tecnaro, FlexForm Technologies, Greencore Composites, and Greengran B.V.
- This report provides a detailed study of natural fiber reinforcement materials market trends and forecast from 2014 to 2022, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global market, including drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market share analysis in terms of type and end-use industry globally.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
- Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Natural Fiber Reinforcement Materials Market Key Segments
- Others (Coir, Abaca, Sisal)
By End-Use Industry
- Building & Construction
- Consumer Goods & Others
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA