Fiber material

Global Natural Fiber Reinforcement Materials Market Overview to 2030 – by End-Use Industry, Type and Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Natural Fiber Reinforcing Materials Market by End-Use Industry, By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030” has been added to from ResearchAndMarkets.com offer.

Global Natural Fiber Reinforcement Materials Market was valued at USD 360.97 Million in 2020 and is projected to reach USD 694.64 Million by 2030, growing at a CAGR of 6.81% from 2021 to 2030 .

Natural fiber reinforcement materials are very popular for research due to their wide range of applications in polymer composites, durability and eco-friendly nature. It is produced from materials composed of a polymer matrix embedded with high-strength natural fibers, such as sisal, jute, flax, kenaf and oil palm. There is a huge increase in demand for materials of natural origin due to rising environmental concerns and unsustainable consumption of petroleum.

The increase in individual awareness on environmental protection increases the growth of natural fiber reinforcement materials. In addition to this, increasing demand from the automotive industry and the eco-friendly nature of natural fiber reinforcement materials are driving the growth of the market. Rising applications of natural fibers in construction and packaging industries are expected to drive the growth of the natural fiber reinforcement materials market in the near future.

The presence of superior advantages such as low weight and low cost and good properties of natural fiber as compared to synthetic fibers is expected to increase the growth of the natural fiber reinforcement materials market. Another driving factor driving the development of the market is the rise in adoption of sustainable and eco-friendly materials to manufacture products, owing to increased consumer awareness of the benefits of green materials.

Implementation of stringent government regulations is expected to increase the market demand for natural fiber reinforcement materials over the forecast period. The hydrophilic nature of the natural fiber is expected to hamper the market growth, owing to poor dimensional stability, processability, and porous nature.

COVID-19 impact analysis:

COVID-19 has severely affected the global economy with devastating effects on global trade, which has simultaneously affected households, businesses, financial institutions, industrial establishments and infrastructure companies. Restrictions on international trade and foreclosure regulations on the operations of various industries are expected to operate at a low level due to lower demand for products in the market.

Main benefits for stakeholders

  • This report provides quantitative analysis of market segments, current trends, estimates and dynamics of the Natural Fiber Reinforcement Materials market analysis from 2020 to 2030 to identify opportunities in the Fiber Reinforcement Materials market natural.

  • Market research is offered with information related to key drivers, restraints, and opportunities.

  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the Natural Fiber Reinforcement Materials market segmentation helps to determine the existing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution in the global market.

  • The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.

  • The report includes analysis of regional and global Natural Fiber Reinforcement Materials market trends, key players, market segments, application areas and market growth strategies.

Key market segments

By end-use industry

  • Transportation

  • Building and construction

  • Consumer goods and others

By type

  • Hemp

  • Linen

  • Kenaf

  • Jute

  • Others

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • Spain

  • Italy

  • The rest of Europe

  • UK

  • Asia Pacific

  • China

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • South Africa

  • Rest of LAMEA

Main market players

  • Agrofibre SAS

  • Liberian Fiber LLC

  • Greene Natural Fibers LLC

  • Hemplin B.V.

  • Hempline Inc.

  • Kenaf Industries of South Texas

  • Nfc Fibers GmbH

  • Procotex Corporation

  • Saneco S.A.

  • Schweitzer-Mauduit International, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/qusg46