Market Overview:
The global natural fiber reinforced polymer composite market is expected to grow at a CAGR of 6.5% 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 wood fibre reinforced polymer composite segment is expected to lead the market during the forecast period, owing to its properties such as high strength-to-weight ratio and resistance against moisture and insects. In terms of application, the automotive segment is projected to lead the market during the forecast period, owing to increasing demand for lightweight vehicles across different regions.
Product Definition:
A natural fiber reinforced polymer composite (NFRC) is a composite material consisting of natural fibers embedded in a polymer matrix. The use of NFRCs can improve the mechanical properties and environmental sustainability of polymeric materials.
Wood Fibre Reinforced Polymer Composite:
Wood Fibre Reinforced Polymer Composite (WRC) is a new material that consists of wood flour and polymer. It has been developed to reinforce plastic composites, especially fiber-reinforced plastics used in automotive components such as engine blocks, transmission cases, brake drums and others. The product helps increase the strength of composite materials by up to 50% when compared with conventional polymers without any loss in weight or volume.
Bast Fibre Reinforced Polymer Composite:
Bast Fibre Reinforced Polymer Composite (BFRPC) is a new class of materials that combine the properties of both natural and synthetic fibers. It has been designed to overcome many of the limitations associated with traditional fiber reinforced polymer composites. The material possesses high strength, stiffness, modulus, low density and excellent chemical resistance among others which make it suitable for use in various industries including automotive & transportation and wind energy among others.
Application Insights:
Building and construction was the largest application segment in 2017, accounting for 33.3% of the global demand. Increasing use of composites in residential and commercial structures to reduce weight is likely to fuel product demand over the forecast period.
The automotive sector is also expected to witness significant growth owing to rising preference for lightweight vehicles coupled with a rise in disposable income levels across various regions including Asia Pacific and Middle East & Africa. In addition, stringent government regulations on vehicle emissions are anticipated to further drive product demand over the forecast period globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for natural fiber reinforced polymer composites from various end-use industries such as automotive, building and construction, sports and leisure, etc. Rising consumer disposable income coupled with growing preference for high performance vehicles is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising product demand from key end-use markets such as automotive.
Europe was estimated at USD X million in 2017 owing to presence of major automobile manufacturers who are significantly investing in R&D activities related natural fibers which has led Europe being a major producer & supplier of these products across other regions.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Rising awareness about the benefits of natural fiber reinforced polymer composites over traditional materials
- Growing demand from construction and infrastructure sectors
- Technological advancements in manufacturing processes of natural fiber reinforced polymer composites
- Rising trend of green buildings and sustainable construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Fiber Reinforced Polymer Composite Market Research Report
By Type
Wood Fibre Reinforced Polymer Composite, Bast Fibre Reinforced Polymer Composite, Others
By Application
Automotive, Building & Construction, Sports and Leisure, Others
By Companies
Trex Company,Inc, The AZEK Company, Fiberon LLC, Avient Corporation (PolyOne), Oldcastle Architectural (AERT), Anhui Sentai WPC Group, UPM Biocomposites, Tecnaro GmbH, TTS Inc, FlexForm Technologies, Trex Company,Inc, Polyvlies Group, Bcomp Ltd.
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Natural Fiber Reinforced Polymer Composite Market Report Segments:
The global Natural Fiber Reinforced Polymer Composite market is segmented on the basis of:
Types
Wood Fibre Reinforced Polymer Composite, Bast Fibre Reinforced Polymer Composite, Others
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
Automotive, Building & Construction, Sports and Leisure, 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:
- Trex Company,Inc
- The AZEK Company
- Fiberon LLC
- Avient Corporation (PolyOne)
- Oldcastle Architectural (AERT)
- Anhui Sentai WPC Group
- UPM Biocomposites
- Tecnaro GmbH
- TTS Inc
- FlexForm Technologies
- Trex Company,Inc
- Polyvlies Group
- Bcomp Ltd.
Highlights of The Natural Fiber Reinforced Polymer Composite 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:
- Wood Fibre Reinforced Polymer Composite
- Bast Fibre Reinforced Polymer Composite
- Others
- By Application:
- Automotive
- Building & Construction
- Sports and Leisure
- 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 Reinforced Polymer Composite 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
- Identifying Appropriate Advertising Appeals
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 reinforced polymer composite is a type of composite material that is made up of natural fibers and synthetic polymers. The natural fibers help to strengthen the overall structure of the material, while the synthetic polymers provide durability and flexibility. This type of composite can be used in a variety of applications, including aerospace, automotive, and construction.
Some of the major companies in the natural fiber reinforced polymer composite market are Trex Company,Inc, The AZEK Company, Fiberon LLC, Avient Corporation (PolyOne), Oldcastle Architectural (AERT), Anhui Sentai WPC Group, UPM Biocomposites, Tecnaro GmbH, TTS Inc, FlexForm Technologies, Trex Company,Inc, Polyvlies Group, Bcomp Ltd..
The natural fiber reinforced polymer composite market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Fiber Reinforced Polymer Composite 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 Reinforced Polymer Composite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Fiber Reinforced Polymer Composite 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 Reinforced Polymer Composite 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 Reinforced Polymer Composite Market Size & Forecast, 2020-2028
4.5.1 Natural Fiber Reinforced Polymer Composite Market Size and Y-o-Y Growth
4.5.2 Natural Fiber Reinforced Polymer Composite 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 Wood Fibre Reinforced Polymer Composite
5.2.2 Bast Fibre Reinforced Polymer Composite
5.2.3 Others
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 Automotive
6.2.2 Building & Construction
6.2.3 Sports and Leisure
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Fiber Reinforced Polymer Composite 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 Reinforced Polymer Composite 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 Wood Fibre Reinforced Polymer Composite
9.6.2 Bast Fibre Reinforced Polymer Composite
9.6.3 Others
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 Automotive
9.10.2 Building & Construction
9.10.3 Sports and Leisure
9.10.4 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 Wood Fibre Reinforced Polymer Composite
10.6.2 Bast Fibre Reinforced Polymer Composite
10.6.3 Others
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 Automotive
10.10.2 Building & Construction
10.10.3 Sports and Leisure
10.10.4 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 Wood Fibre Reinforced Polymer Composite
11.6.2 Bast Fibre Reinforced Polymer Composite
11.6.3 Others
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 Automotive
11.10.2 Building & Construction
11.10.3 Sports and Leisure
11.10.4 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 Wood Fibre Reinforced Polymer Composite
12.6.2 Bast Fibre Reinforced Polymer Composite
12.6.3 Others
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 Automotive
12.10.2 Building & Construction
12.10.3 Sports and Leisure
12.10.4 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 Wood Fibre Reinforced Polymer Composite
13.6.2 Bast Fibre Reinforced Polymer Composite
13.6.3 Others
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 Automotive
13.10.2 Building & Construction
13.10.3 Sports and Leisure
13.10.4 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 Reinforced Polymer Composite Market: Competitive Dashboard
14.2 Global Natural Fiber Reinforced Polymer Composite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trex Company,Inc
14.3.2 The AZEK Company
14.3.3 Fiberon LLC
14.3.4 Avient Corporation (PolyOne)
14.3.5 Oldcastle Architectural (AERT)
14.3.6 Anhui Sentai WPC Group
14.3.7 UPM Biocomposites
14.3.8 Tecnaro GmbH
14.3.9 TTS Inc
14.3.10 FlexForm Technologies
14.3.11 Trex Company,Inc
14.3.12 Polyvlies Group
14.3.13 Bcomp Ltd.
