natural fiber composites (nfc) market
Automotive

Global natural fiber composites (NFC) market is driven by growing demand for light weight products in automotive industry across the globe

The global natural fiber composites (NFC) market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing demand for lightweight products in automotive industry coupled with increasing awareness regarding the usage of green products is expected to drive market growth.

The global natural fiber composites (NFC) market report has been segmented on the basis of raw material, technology, application, and region.

On the basis of raw material, the global natural fiber composites (NFC) market has been segmented into wood and non-wood. Penetration for non-wood is expected to grow over the forecast period owing to advantages such as high tensile strength, vibration absorbent, ultraviolet rays blocking properties, and high water retention. Non-wood raw material segment includes flax, cotton, kenaf, and hemp.

On the basis of technology, the natural fiber composites (NFC) market has been segmented into injection molding, compression molding, others. Injection molding technology segment is estimated to grow at a steady rate over the forecast period. Injection molding is a high pressure, high volume, and closed molding method used for manufacturing composite products.

On the basis of applications, the global natural fiber composites (NFC)market has been segmented into automotive, electrical & electronics, building & construction, and others (sports goods, home appliances and packaging). Automotive application segment is expected to witness significant growth over the forecast period owing to rising demand for passenger vehicles in developing economies.

Request for the Sample Report Here: https://marketresearch.biz/report/natural-fiber-composites-nfc-market/request-sample/

On the basis of region, the global natural fiber composites (NFC)market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to account for major revenue share in the global natural fiber composites (NFC) market owing to the presence of automotive manufacturers in the region. Moreover, electronics and sports goods industry is expected to gain health growth over the forecast period, which in turn is anticipated to fuel the target market in the region.

Key players operating in the global natural fiber composites (NFC) market include Trex Company Inc., FlexForm Technologies LLC, FiberGran GmbH& Corp. KG, Procotex Corp SA, Advanced Environmental Recycling Technologies, Inc., Polyvlies Franz Beyer GmbH & Co. Kg, UPM Biocomposites, Kafus Bio-Composites Inc., Fiberon LLC, and Bast Fibers LLC.

Get Free Sample Copy

captcha

%d bloggers like this: