Global Natural Fiber-reinforced Plastics (NFRP) Market, By Type (Thermoplastics, Thermosets), Fiber (Flax, Cotton, Jute, Sisal, Ramie, Coir, Banana), End-User (Automotive, Building and Construction, Aerospace, Sports and Leisure), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Natural Fiber-reinforced Plastics (NFRP) Market
The natural fiber-reinforced plastics (NFRP) market is expected to witness market growth at a rate of 11% in the forecast period of 2021 to 2028. Data Bridge Market Research report on natural fiber-reinforced plastics (NFRP) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for lightweight products from the automotive industry is escalating the growth of natural fiber-reinforced plastics (NFRP) market.
Natural fiber-reinforced plastics can usually be applied to support the material coupled with the mixture of plastics. Few of the most common forms of the natural fiber are such as jute, flax, ramie, coir and sisal so forth. They are eco- friendly in nature and have very sustainable.
Major factors that are expected to boost the growth of the natural fiber-reinforced plastics (NFRP) market in the forecast period are the rise in the need for bio-based composites. Furthermore, the increase in the demand for new ecofriendly composites in the electronics industry is further anticipated to propel the growth of the natural fiber-reinforced plastics (NFRP) market. On the other hand, the restricted processing temperature, adsorption of the moisture and the unsuitability with most of the polymer matrices and the decline in the impact resistivity in comparison to the glass fiber reinforced composites is further estimated to further impede the growth of the natural fiber-reinforced plastics (NFRP) market in the timeline period.
In addition, the rise in the need for natural fiber-reinforced plastic from the aerospace, building and construction and sports industry will further provide potential opportunities in the natural fiber-reinforced plastics (NFRP) market growth in the coming years. However, the unsuitable conditions ascending because of the effects of COVID-19 pandemic outbreak might further challenge the growth of the natural fiber-reinforced plastics (NFRP) market in the near future.
This natural fiber-reinforced plastics (NFRP) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on natural fiber-reinforced plastics (NFRP) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Natural Fiber-reinforced Plastics (NFRP) Market Scope and Market Size
The natural fiber-reinforced plastics (NFRP) market is segmented on the basis of type, fiber and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the natural fiber-reinforced plastics (NFRP) market is segmented into thermoplastics, thermosets. Thermoplastics is further sub segmented into polyethylene and polystyrene. Thermosets is further sub segmented into polyester, epoxies and vinyl ester.
- On the basis of fiber, the natural fiber-reinforced plastics (NFRP) market is segmented into flax, cotton, jute, sisal, ramie, coir, and banana.
- On the basis of end user, the natural fiber-reinforced plastics (NFRP) market is segmented into automotive, building and construction, aerospace, sports and leisure.
Natural Fiber-reinforced Plastics (NFRP) Market Country Level Analysis
The natural fiber-reinforced plastics (NFRP) market is analysed and market size, volume information is provided by country, type, fiber and end user as referenced above.
The countries covered in the natural fiber-reinforced plastics (NFRP) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the natural fiber-reinforced plastics (NFRP) market due to the rise in the need for consumer goods. Furthermore, the increasing of the popularity will further boost the growth of the natural fiber-reinforced plastics (NFRP) market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the natural fiber-reinforced plastics (NFRP) market due to the rise in the need for disposable income. Moreover, the increase in the increase in the standard of living is further anticipated to propel the growth of the natural fiber-reinforced plastics (NFRP) market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Natural Fiber-reinforced Plastics (NFRP) Market Share Analysis
The natural fiber-reinforced plastics (NFRP) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adhesive resin market.
The major players covered in the natural fiber-reinforced plastics (NFRP) market report are AMORIM., Tecnaro GmbH, Advanced Compounding Rudolstadt GmbH, UPM, TORAY INDUSTRIES, INC., TEIJIN LIMITED., Mitsubishi Chemical Holdings Corporation, SGL Carbon, Formosa Plastics Corporation, Hexcel Corporation, Jiangsu Hengshen Company Limited, Zhongfu Shenying Carbon Fiber Co.,Ltd., DowAksa, PolyOne Corporation, Oakio Plastic Wood Building Materials Co.,Ltd, Pinuform GmbH & Co. KG, Procotex, Trex Company,Inc., FlexForm Technologies., Plasthill Oy., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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