Blog Information
- Posted By : dean ambrose
- Posted On : May 17, 2023
- Views : 53
- Category : General
- Description : The global natural fiber reinforcement materials market size reached US$ 414.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 604.2 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Overview
IMARC Group, a leading market research company, has recently releases report titled “Natural Fiber Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global natural fiber reinforcement materials market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the natural fiber reinforcement materials market?
Report Attributes
Details
Market Size in 2022
US$ 414.1 Million
Market Forecast in 2028
US$ 604.2 Million
Growth rate (2023 to 2028)
CAGR of 6.7%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is natural fiber reinforcement materials?
Natural fiber reinforcement materials refer to composite materials that are obtained from animals, plants, and minerals. In terms of product types, they can be categorized into hemp, flax, jute, kenaf, and others. Natural fiber reinforcement materials are used in biodegradable packaging to reduce waste and minimize reliance on non-renewable resources. They are highly sustainable, lightweight, and renewable and provide improved toughness and strength as compared to traditionally utilized synthetic fiber reinforcement materials. As a result, natural fiber reinforcement materials find widespread applications in numerous sectors, such as transportation, building and construction, consumer goods, agriculture, automotive, etc.
Request for a free sample copy of this report: https://www.imarcgroup.com/natural-fiber-reinforcement-materials-market/requestsample
What are the growth prospects and trends in the natural fiber reinforcement materials?
The elevating need for the product in the automotive industry to manufacture various interior and exterior components, including seat covers, door panels, headliners, spoilers, dashboards, bumpers, and gear shifters, is among the key factors driving the natural fiber reinforcement materials market. Apart from this, the escalating product demand in the construction segment to produce building panels for roofs, walls, and flooring is acting as another significant growth-inducing factor. Moreover, the launch of several favorable policies and initiatives by government bodies across the globe aimed at promoting the adoption of green construction materials and minimizing carbon emissions is also positively influencing the market growth. Additionally, the shifting preferences toward the material in the textile industry to enhance the comfort and breathability of the fabric are further augmenting the global market. Besides this, the expanding requirement of materials for manufacturing sporting goods, such as snowboards, surfboards, skateboards, etc., is expected to propel the natural fiber reinforcement materials market over the forecast period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Hemp
- Flax
- Kenaf
- Jute
- Others
End Use Insights:
- Transportation
- Building and Construction
- Consumer Goods
- Others
Breakup by Geography
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
List of Key Companies Covered in this Market Report:
- Bast Fiber LLC
- FlexForm Technologies
- HempFlax Group BV
- Mativ Holdings Inc.
- NFC GmbH Nettle Fiber Company
- Procotex Corporation
- Tecnaro GmBH
- Wilhelm G. Clasen GmbH Co. kg
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6986&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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