Global Natural Fiber Composites Strategic Business Report 2023: Wood Fiber Composites Drive Overall Momentum in NFCs Market
Wednesday, June 21, 2023
DUBLIN, June 20, 2023 /PRNewswire/ -- The "Natural Fiber Composites: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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
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