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Base Year
Historical Year
Forecast Year
Global Natural Fiber Composites Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 8.1% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 9.3% |
CAGR 2024-2032 - Market by Country | India | 10.7% |
CAGR 2024-2032 - Market by Country | China | 8.9% |
CAGR 2024-2032 - Market by Fibre Type | Flax | 9.2% |
CAGR 2024-2032 - Market by End Use | Automotive | 9.5% |
Market Share by Country 2023 | Japan | 4.2% |
Natural fibres are hair-like strands usually obtained from plants and animals. The main component of a plant-based natural fibre is cellulose, while animal-based fibre is full of proteins. Natural fiber composites are made of high-strength natural fibers, which are used in the reinforcing phase with a matrix material.
One of the predominant factors influencing the natural fiber composites industry growth is the increasing concerns regarding rapid climate change caused by non-degradable synthetic composites. Various sectors are actively seeking alternatives that have a lower carbon footprint and are biodegradable. Natural fibers offer a viable solution as they are renewable resources and have a significantly lower environmental impact.
The natural fiber composites market demand is driven by the growth of the automotive sector, which seeks lightweight solutions, including composite materials, to improve fuel efficiency and reduce emissions. Natural fiber composites offer a promising alternative to traditional glass fiber composites in various automotive applications, including interior panels, seat backs, door trims, and parcel shelves.
Further, the natural fiber market dynamics and trends are driven by rising construction activities. Natural fiber composites are gaining popularity in construction for their lightweight nature, thermal insulation benefits, and compatibility with biodegradable materials.
According to ICEA estimates, the roadmap for manufacturing USD 300 billion in electronic products by 2025-26 shows substantial growth across various segments. The mobile phone sector, being the largest contributor, is expected to surge from USD 30 billion in 2020-21 to USD 126 billion. IT hardware, which includes laptops and tablets, is anticipated to grow from USD 3 billion to USD 25 billion. The consumer electronics segment, covering TV and audio, will nearly double while strategic electronics are forecast to triple. Industrial electronics are projected to expand from USD 10.5 billion to USD 25 billion. The wearables and hearables market is expected to grow at a strong pace. Furthermore, telecom equipment and electronic components are forecast to reach USD 12 billion and USD 18 billion, respectively. This growth boosts the natural fiber composites market revenue, as their use in electronic products, including casings and internal components, aligns with the shift towards eco-friendly manufacturing and design.
Based on data from Naamsa/Lightstone Auto and OICA, China led global vehicle production in 2020 with 25.2 million units. The USA followed with 8.8 million units, while Japan produced 8 million units. Germany's production stood at 3.7 million units, and South Korea manufactured 3.5 million units. Spain and Brazil produced 2.3 million and 2 million vehicles, respectively, in 2020.
Moreover, according to industry reports, the total vehicles registered in Africa is projected to grow from 34 million units in 2010 to 58 million by 2030, representing a compound annual growth rate (CAGR) of 1.9%. Egypt is expected to lead this growth with a 4.4% CAGR, driven by a 3.6% GDP growth rate, increasing its vehicle count from 4 million to 12 million units. Algeria will see a 2.9% CAGR and a 2.4% GDP growth, raising its vehicle parc from 4 million to 10 million units. Nigeria, with a 1.3% CAGR and 2.8% GDP growth, will increase its vehicle numbers from 8 million to 12 million units. South Africa's vehicle registration is projected to grow from 8 million to 13 million units, with a 2.2% CAGR and a GDP growth rate of 1.4%. Other African markets are anticipated to grow from 8 million to 16 million units, representing a 2.4% CAGR. This growth supports the natural fiber composites industry revenue, as these materials reduce vehicle weight, enhancing fuel efficiency and lowering emissions, in line with the industry's push for greener and more efficient transportation solutions.
UPM Corporation
Polyvlies Franz Beyer GmbH
Tecnaro GmbH
“Global Natural Fiber Composites Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Fibre Type
Market Breakup by Matrix
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 10.7% |
China | 8.9% |
UK | 7.4% |
USA | 7.2% |
France | 6.3% |
Canada | XX% |
Germany | XX% |
Italy | XX% |
Japan | 5.6% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
According to the natural fiber composites market analysis, flax emerged as one of the most extensively utilised materials. Flax is environmentally friendly, being CO2 neutral and a renewable resource, unlike carbon fibers. Its numerous advantages, such as high tensile strength, effective UV ray blocking, vibration absorption, and excellent water retention properties, have made it a highly favoured raw material in various applications.
Natural polymers are expected to drive the growth of the natural fiber composites industry. This rapid growth is driven by rising demand for eco-friendly products, fuelled by changing lifestyles and the growing emphasis on sustainability. These factors are likely to boost the expansion of the natural polymer matrix segment in the market.
The companies specialise in high-quality nonwoven fabrics and composites, offering innovative, sustainable solutions. It serves automotive, construction, and textile industries with advanced, eco-friendly products.
Natural Fiber Composites Market Size
Natural Fiber Composites Market Growth
Natural Fiber Composites Market Trends
Natural Fiber Composites Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The natural fiber composites market value is projected to grow at a CAGR of nearly 8.10% in the forecast period of 2024-2032.
The market is being driven by the increasing utilisation of natural materials due to growing concerns regarding the environmental impact of nondegradable composites and the significant rise in the implementation of natural components in the automotive sector.
The major trends propelling the growth of the market include increasing demand for natural composites from the construction sector and the surging preference for lightweight solutions in the automotive sector.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is broken into flax, kenaf, hemp, jute, and others.
The major end uses of the product in the market are automotive, electrical and electronics, sporting goods, construction, and others.
Based on technology, the market is broken down into injection moulding, compression moulding, pultrusion, and others.
The competitive landscape consists of Procotex Corporation, UPM Corporation, Polyvlies Franz Beyer GmbH, Tecnaro GmbH, Plasthill Oy, Green Dot Bioplastics Inc., GreenGran BN, JELU-WERK J. Ehrler GmbH & Co. KG, TTS Inc., and FlexForm Technologies, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Fibre Type |
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Breakup by Matrix |
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Breakup by Technology |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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