According to a new market report published by Lucintel, the future of the natural fiber composites (NFCs) market looks attractive with opportunities in the automotive and building & construction industries. The global natural fiber composites market is forecast to grow at a CAGR of 8.2% from 2015 to 2020. The major driver for the growth of this market is the rise in demand for lightweight and environmentally sustainable composite materials in various applications, such as automotive, building & construction, and others.
In this market, natural fiber (hemp, flax, jute, kenaf, and others) and resin (polypropylene, polyethylene, polylactic acid, and others) are the major raw materials used for producing natural fiber composites. Lucintel predicts that the demand for NFCs is likely to experience a good growth during the forecast period supported by growing demand in end-user industries. On the basis of comprehensive research, Lucintel forecasts that the automotive segment is expected to show above average growth during the forecast period.
Within the natural fiber composites market, the automotive segment is expected to remain the largest application by both value and volume. Increasing concern for passenger safety, government mandates for better fuel economy, and end-of-life vehicles directive are the major driving forces that spur growth for this segment over the forecast period.
Europe is expected to remain the largest market during the forecast period due to higher acceptance level of environmentally sustainable composite materials by automotive OEMs, government directives, and growth in end use industries.
ROW (including Asia Pacific) is expected to witness the highest growth over the forecast period due to growth in automotive production and increasing demand of NFC in automotive applications.
For market expansion, this report suggests innovation and new product development, where the unique characteristics of NFCs can be capitalized. Some of the innovation areas in NFCs could be in achieving higher strength and stiffness, better fire retardant properties, and batch-to-batch quality consistency.
Emerging trends in the global NFCs market, which have a direct impact on the dynamics of the industry, include emergence of new application areas and increasing governmental focus on the use of bio-composites. FlexForm Technologies, Procotex Corporation SA, GreenGran BV and FiberGran GmbH & Co. KG are among the major suppliers of NFCs.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global natural fiber composites market by end use application, fiber type, resin type, process and region, and has come up with a comprehensive research report, “Global Natural Fiber Composites Market 2015-2020: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of the global natural fiber composites market through 2020, segmented by end use application, fiber type, resin type, process, and region as follows:
By end-use application [Volume (M lbs) and $M shipment analysis for 2009 – 2020]:
– Building and Construction
By fiber type [volume (M lbs) and value $M from 2009 – 2020]:
By resin type [volume (M lbs) and value $M from 2009 – 2020]:
– Polylactic acid
– Epoxy and others
By process [volume (M lbs) and value $M from 2009 – 2020]:
– Compression Molding
– Injection Molding
By region [volume (M lbs) and value $M from 2009 – 2020]-
– North America
– ROW (including Asia Pacific)
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for natural fiber composites market by end use application, fiber type, resin type, process, and region?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some of the changing requirements and demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.11. What M & A activities have transpired in the last 5 years in this market and describe their impact on the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Global Natural Fiber Composite Market 2015-2020: Trends, Forecast, and Opportunity Analysis” include:
– Market size estimates: Natural fiber composite market size estimation in terms of volume (M lbs.) and value ($M) shipment.
– Trend and forecast analysis: Natural fiber composite trend (2009-2014) and forecast (2015-2020) by region and segments.
– Segmentation analysis: Natural fiber composite market size by various end use application such as automotive, building and construction, and others both in terms of volume and value shipment. Natural fiber composite market size by fiber type such as flax, kenaf, hemp, jute, and others both in terms of value and volume. Natural fiber composite market size by resin type such as polypropylene, polyethylene, polylactic acid, and others both in terms of value and volume. Natural fiber composite market size by process such as compression molding, injection molding, and others both in terms of value and volume.
– Regional analysis: Natural fiber composite market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
– Growth opportunities: Analysis on growth opportunities in different applications and regions.
– Strategic analysis: This includes M&A, new product development, and competitive landscape of natural fiber composite suppliers.
– Analysis of competitive intensity of the industry based on Porter’s Five Forces model.