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Natural Fiber Composites - Global Market Trajectory & Analytics

  • ID: 4805299
  • Report
  • May 2020
  • Region: Global
  • 414 pages
  • Global Industry Analysts, Inc
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The global market for Natural Fiber Composites is projected to reach US$8.5 billion by 2025, driven by the growing focus on environmental sustainability and the ensuing search for safer and natural alternatives for traditionally engineered materials. The world is gradually moving towards a circular economy in response to the growing pressure to address pollution, global warming and climate change. The manufacturing industry as a result in coming under intense pressure to reduce its carbon footprint and develop a sustainable value chain for raw material supply, while simultaneously meet the challenges of intensifying competition. The industry has made measurable progress in the transition to bio-based products. Several natural and renewable materials have been successfully developed to replace current petroleum-derived products. As the environmental cost of manufacturing using non-renewable resources increase there will be a parallel increase in the commercial value of natural products and feedstocks given their extraordinary value-addition in preserving the environment. As demand for advanced composites in manufacturing grows, natural fiber composites (NFCs) are attractively positioned to tap into this opportunity. Defined as reinforcing fibers derived from natural origin such as wood, plants and animals, NFCs are CO2 neutral. Developments in chemical and physical treatment methods are vital to ensure the efficiency and final performance and properties of the natural fiber composites. To manipulate and customize the properties of NFCs, agro fibers are often integrated with plastics. Synthetic fibers such as glass fibers in polymer composites can be replaced by NFCs to improve their eco-friendly profile.

NFCs are poised to find attractive opportunities in construction materials, insulation, engineering and automotive. The automotive industry in the coming years will emerge into the forefront of application of natural fiber reinforced polymer composites supported by the rise of electric vehicles and legislation of stricter environmental regulations. The abundant availability of natural fiber wastes offer a cheap and low cost resource for developing NFCs. Types of natural fibers include jute, coconut fibers, wood fibers, coir, flax, hemp, kenaf, ramie, horse hair, and lamb wool, among others. Among these, wood fibers remain in the spotlight with over 60% share of the global natural fiber composites market. Classified as a lignocellulosic material, wood fibers feature low density, low cost and low energy benefits. Few of the factors driving the popularity of wood fibers include developments in matrix material & fiber modifications which help optimize mechanical properties & dimensional stability of wood fibers, new applications for wood fiber composites on cards in the field of packaging materials, furniture & non-structural building components, low cost as compared to glass and carbon fibers, biodegradability, and improvements in the effectiveness of chemical modifications which resolve wood-fiber hygroexpansion and interface properties. Other fibers are also attractive subjects for R&D given their beneficial properties i.e. coir is durable and resistant to salt water, cotton fiber possess excellent absorbency, eucalyptus fiber are effective for insulation purposes, flax fiber has superior tensile strength when compared to glass fiber and also has low density, high strength and stiffness, Hemp fiber has excellent mechanical strength and young’s modulus, jute exhibits high aspect ratio. The United States and Europe represent large markets worldwide with a combined share of 55.7% of the market. China ranks as the fastest growing market with a CAGR of 14.5% over the analysis period supported by the country’s policy making reforms in favor of utilization of renewable/natural resources.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
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
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
Aqvacomp Oy (Finland)
Bcomp Ltd. (Switzerland)
Fiberon, Inc. (USA)
GreenGran B.V.(The Netherlands)
JELU-WERK Josef Ehrler GmbH & Co. KG (Germany)
Plasthill Oy (Finland)
PolyOne Corporation (USA)
Polyvlies Franz Beyer GmbH & Co. Kg (Germany)
Procotex Corp SA (Belgium)
TECNARO GmbH (Germany)
Tekle Technical Services, Inc. (Canada)
Trex Company, Inc. (USA)
UPM Biocomposites (Finland)

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

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

CANADA
JAPAN
CHINA
EUROPE

FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 22
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