The modern-day document posted via Report Ocean, titled “Natural Fiber Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global natural fiber reinforcement materials market was valued at $250 million in 2015, and is expected to reach $408 million by 2022, growing at a CAGR of 7.3% from 2016 to 2022. Fibers derived from natural sources such as plants (cotton, jute, flax, hemp, sisal), animals (alpaca, wool, silk, mohair, angora) or minerals (asbestos, metal fibers, ceramic) are termed as natural fibers. They are hair-like raw materials that can be spun for use as threads, filaments, and ropes or matted into sheets of paper, or can be used to produce composite materials. The usefulness of natural fibers depends on its characteristics such as, length, elasticity, abrasion resistance, strength, absorbance, and several others.
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The natural fiber reinforcement materials market is driven by the upsurge in demand for natural fiber composites from construction industry, consumer awareness & stringent regulations towards using environment friendly products, and biodegradability, recyclability & environment-friendly nature of natural fibers. However, factors such as low strength as compared to synthetic fibers and fluctuating raw material prices are expected to hinder the market growth during the forecast period. Moreover, growth opportunities exist in the market with increase in applications of natural fiber in the packaging industry
The global natural fiber reinforcement materials market is segmented based on the type, end-use industry, and geography. On the basis of type, it is segmented into hemp, flax, kenaf, jute, and others that includes coir, abaca & sisal. Based on end-use industry, it is classified into transportation, building & construction, consumer goods, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current trends and future estimations from 2014 to 2022 of the global natural fiber reinforcement materials market, which assist to identify the prevailing market opportunities.
In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to understand the market behavior in an efficient manner.
Detailed study of the strategies adopted by the key leaders, such as partnerships and acquisitions, is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
Top players operating in the natural fiber reinforcement materials market include:
AgroFiber SAS
Bast Fiber LLC.
Greene Natural Fibers LLC.
Procotex Corporation
Hempflax BV
Saneco S.A.
Hempline Inc.
Schweitzer-Mauduit International, Inc.
Kenaf Industries of South Texas
NFC Fibers GmbH
Other prominent market players are as follows:
EUCHORA S.R.L.
Badische Naturfaseraufbereitung GmbH
Tenbro
Wilhem G. Clasen
FlaxStalk Natural Fiber Solutions
Fiberon LLC
Tecnaro
FlexForm Technologies
Greencore Composites
Greengran B.V.
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Natural Fiber Reinforcement Materials Market Key Segments:
By Type
Hemp
Flax
Kenaf
Jute
Others (Coir, Abaca, Sisal)
By End-Use Industry
Transportation
Building & Construction
Consumer Goods
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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