The Natural Fiber Composites Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/08/2017 -- Natural Fiber Composites Market: Drivers and Challenges
The natural fiber composites market is expected to witness a significant growth over the forecasted years owing to the rising environmental concern over the production and utilization of non-biodegradable synthetic fibers. Stringent regulation regarding non-biodegradable composites in regions such as Europe and North America have opened new opportunities for natural fiber composites materials in these regions. With increasing demand for sustainable natural fibers composites in emerging economies for automotive, constructions and textile industry the outlook for natural fiber composites looks positive for the forecast years. Although the demand for natural fiber composites is increasing the market is restrained by the presence of semi synthetic fiber composites. Inherent properties of relatively high moisture absorption and limited chemical reactivity also hinder the growth of natural fiber composites market.
Natural Fiber Composites Market: Regional Overview
Global natural fiber composites market can also be segmented on the basis of regions— North America, Latin America, Europe, Middle East & Africa, Asia Pacific. In terms of natural fiber composites demand, the largest market is Europe owing to extensive demand of natural fiber composites automotive application. Key market in Europe include UK and Germany. Followed by Europe, North America and Latin America are the key markets for natural fiber composites. High demand in infrastructure and constructions applications are attributed to the high demand in these regions. Asia Pacific is anticipated to be the largest market for natural fiber composites for the forecasted years, with emerging market of India and China contributing significantly in the market dynamics. The escalating demands from regions such as Middle East & Africa are anticipated to influence the natural fiber composites market in the coming years due to the increasing demands from construction and electronics industry.
Natural Fiber Composites Market: Key Players
Some of the key players identified in the global natural fiber composites are: Greengran B.V FlexForm Technologies LLC., FiberGran GmbH & Co. KG Tecnaro GmbH, Kafus Bio-Composites Inc. Stemergy, Procotex Corporation SA, and Bast Fiber LLC.
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