Market Overview:
The global natural fiber composite material market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and environment-friendly materials across different applications. In terms of type, the carbon fiber composite material segment is expected to lead the market during the forecast period, owing to its high strength-to-weight ratio and superior thermal and electrical insulation properties. In terms of application, transportation is expected to be the largest segment during the forecast period, followed by aerospace & defense and others segments.
Product Definition:
A natural fiber composite material is made from a combination of natural fibers and a synthetic resin. The fibers can be plant-based or animal-based. The synthetic resin binds the fibers together and provides strength and durability. Natural fiber composites are used to make products such as boat hulls, car parts, and furniture. They are often considered more environmentally friendly than other types of composite materials because they are biodegradable.
Carbon Fiber Composite Material:
Carbon fiber composite material is a combination of carbon atoms with fibers that are usually made from synthetic or natural sources. The product has high tensile strength and low weight which makes it very popular in the sports industry. Carbon fiber composites have been replacing steel and aluminum in many industries due to their lightweight property, high strength-to-weight ratio, corrosion resistance, temperature stability, and recyclability.
The global carbon fiber composite materials market size was valued at USD 4.
Glass Fiber Composites Material:
Glass fiber composites material is a combination of glass fibers and resin. It can be used in various industries such as automotive, construction, marine, oil & gas and energy. Glass fiber composites are gaining popularity over other materials due to properties such as high stiffness (low modulus), low weight & cost compared to metals along with less thermal expansion than polymers which makes it suitable for use in the manufacturing of natural fiber composite materials.
Application Insights:
The application segment includes transportation, aerospace & defense, others. Transportation was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The product has a wide range of applications in transportation including automotive body panels, truck bodies, car roofs andbonnet lids/hoods as well as light aircraft parts. Increasing demand for lightweight vehicles to improve fuel efficiency is likely to drive the product demand over the forecast period.
Aerospace & defense was one of the fastest-growing segments owing to increasing use of composites in military aircraft such as F-35 Lightning II and F22 Raptor among other military equipment such as missiles and bombsights.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to stringent government regulations regarding fuel economy of vehicles and rising demand for lightweight materials. In addition, presence of major aircraft manufacturers such as Boeing and Airbus has resulted in high demand for composites from these companies, thereby driving regional product sales.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing production facilities by key players in countries such as China, India and Japan along with growing aerospace & defense industry across this region. Moreover, rapid development coupled with increased infrastructure spending by governments across Asia Pacific is likely to drive product demand during the forecast period.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of natural fiber composites in wind energy sector
- Rising demand from construction and infrastructure sectors
- Proliferation of nanotechnology-based natural fiber composites
- Growing awareness about the benefits of natural fiber composites
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Fiber Composite Material Market Research Report
By Type
Carbon Fiber Composite Material, Glass Fiber Composites Material, Other
By Application
Transportation, Aerospace & Defense, Others
By Companies
TenCate, Cytec, Bond Laminates, Polystrand/Polyone, AXIA Materials, QIYI Technology, Celanese, Toho Tenax, Covestro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Natural Fiber Composite Material Market Report Segments:
The global Natural Fiber Composite Material market is segmented on the basis of:
Types
Carbon Fiber Composite Material, Glass Fiber Composites Material, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TenCate
- Cytec
- Bond Laminates
- Polystrand/Polyone
- AXIA Materials
- QIYI Technology
- Celanese
- Toho Tenax
- Covestro
Highlights of The Natural Fiber Composite Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Fiber Composite Material
- Glass Fiber Composites Material
- Other
- By Application:
- Transportation
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Fiber Composite Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural fiber composite material is a type of composite material that is made up of natural fibers. These materials are often used in products such as insulation, roofing, and flooring.
Some of the major companies in the natural fiber composite material market are TenCate, Cytec, Bond Laminates, Polystrand/Polyone, AXIA Materials, QIYI Technology, Celanese, Toho Tenax, Covestro.
The natural fiber composite material market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Fiber Composite Material Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Natural Fiber Composite Material Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Natural Fiber Composite Material Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Natural Fiber Composite Material Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Natural Fiber Composite Material Market Size & Forecast, 2020-2028 4.5.1 Natural Fiber Composite Material Market Size and Y-o-Y Growth 4.5.2 Natural Fiber Composite Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Carbon Fiber Composite Material
5.2.2 Glass Fiber Composites Material
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Aerospace & Defense
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Fiber Composite Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Fiber Composite Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Carbon Fiber Composite Material
9.6.2 Glass Fiber Composites Material
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Aerospace & Defense
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Carbon Fiber Composite Material
10.6.2 Glass Fiber Composites Material
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Aerospace & Defense
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Carbon Fiber Composite Material
11.6.2 Glass Fiber Composites Material
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Aerospace & Defense
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Carbon Fiber Composite Material
12.6.2 Glass Fiber Composites Material
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Aerospace & Defense
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Carbon Fiber Composite Material
13.6.2 Glass Fiber Composites Material
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Aerospace & Defense
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Fiber Composite Material Market: Competitive Dashboard
14.2 Global Natural Fiber Composite Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TenCate
14.3.2 Cytec
14.3.3 Bond Laminates
14.3.4 Polystrand/Polyone
14.3.5 AXIA Materials
14.3.6 QIYI Technology
14.3.7 Celanese
14.3.8 Toho Tenax
14.3.9 Covestro