Natural Fiber Composites Market worth 6.50 Billion USD by 2021

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MarketsandMarkets Presents

Natural Fiber Composites Market worth 6.50
Billion USD by 2021

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The report "Natural Fiber Composites Market by
Type (Wood Fiber and Non-Wood Fiber),
Manufacturing Process (Compression Molding,
Injection Molding, and Others), Application
(Building Construction, Automotive, and
Electrical Electronics), and Region - Global
Forecasts to 2021", The market size of Natural
Fiber Composites (NFCs) is projected to reach USD
6.50 Billion by 2021, at a CAGR of 11.68,
between 2016 and 2021. This growth is attributed
to the high demand for NFCs in the construction
and automotive industry, driven by the regulatory
norms, and superior performance. Lightweight,
high stiffness-to-weight ratio, consumer
awareness regarding recyclable, and biodegradable
materials, are  advantages of the use of NFCs in
the  composites market.

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• Browse 41 market data Tables and 42 Figures
  spread through 128 Pages and in-depth TOC
  on "Natural Fiber Composites Market by Type (Wood
  Fiber and Non-Wood Fiber), Manufacturing Process
  (Compression Molding, Injection Molding, and
  Others), Application (Building Construction,
  Automotive, and Electrical Electronics), and
  Region - Global Forecasts to 2021"http//www.mark
  etsandmarkets.com/Market-Reports/natural-fiber-com
  posites-market-90779629.html
• Download PDF Brochure http//www.marketsandmarke
  ts.com/pdfdownload.asp?id90779629
• Early buyers will receive 10 customization on
  reports.

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Manufacturing process Compression molding
comprises a major share in the NFCs
market Compression molding is the most widely
used manufacturing process of NFCs. Automotive
and construction industries are the key users of
compression molded NFCs due to their benefits,
such as cost effectiveness, high reproducibility,
low cycle time, homogenous distribution of long
fibers in  fleece, lesser wastage of raw material
and lower tooling costs. Heavy and intricate
complex parts with good surface finish can be
made with the help of compression molding, which
make it suitable in the construction industry. In
the automotive industry, it is used to produce
interior parts of automobiles with higher
strength and stiffness. Construction Automotive
industry is at the forefront and driving the NFCs
market The demand for NFCs in the construction
industry for outdoor deck floors, railings,
fences, landscaping timbers, park benches, window
and door frames, and indoor furniture has grown
remarkably on the global platform. This is due to
their superior strength-to weight ratio,
recyclability, and low cost.  Further, NFCs are
becoming popular and essential for making
automotive components such as seatbacks, parcel
shelves, boot linens, front and rear door linens,
truck linens, and door-trim panels due to their
lightweight and increased fuel efficiency
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• North America accounts for a major market share
  of NFCs market
• The North America region accounts for the largest
  market of NFCs, globally, due to the high demand
  from the construction industry and regulatory
  norms requiring   the use of ecofriendly
  materials. Along with the existing capacities,
  several NFCs manufacturers, are expanding their
  production capacities. According to the
  Department of  Environment Food Rural Affairs
  (DEFRA) report, almost 1.5 million vehicles
  included applications for natural fibers such as
  kenaf, jute, flax, hemp and sisal in combination
  with thermoplastic polymers such as polypropylene
  and polyester. The demand for NFCs in North
  America is projected to continuously increase in
  the near future on account of significant
  performance at lower prices of NFCs in automotive
  and construction applications driven by
  regulatory standards recommending the  use of
  lightweight and recyclable materials.
• Some of the key global players prevailing in the
  NFCs market are Trex Company, Inc., Advanced
  Engineering recycling technologies, Inc. (AERT),
  Fiberon LLC (U.S.), UPM Biocomposites (Finland),
  FlexForm Technologies (U.S.), among others. These
  players have adopted various organic and
  inorganic developmental strategies in  the past
  five years. For instance, FlexForm Technologies
  formed FlexForm Korea Ltd. for the acquisition
  and operation of factories and production lines
  in Jeonju City and Cheonan, South Korea.
• Speak to Analyst http//www.marketsandmarkets.com
  /speaktoanalyst.asp?id90779629

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