Market Size of Natural Fiber Reinforced Composites Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 4.36 Million tons |
| Market Volume (2029) | 6.56 Million tons |
| CAGR (2024 - 2029) | 8.51 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Natural Fiber Reinforced Composites Market Analysis
The Natural Fiber Reinforced Composites Market size is estimated at 4.36 Million tons in 2024, and is expected to reach 6.56 Million tons by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029).
- Over the medium term, factors such as the increasing demand for bio-based composites and the growing demand for eco-friendly composites in the electronics industry would drive the natural fiber-reinforced composites market.
- However, the moisture adsorption, restricted processing temperature, incompatibility with most polymer matrices, and lower impact resistivity compared to glass fiber-reinforced composites are likely to act as restraints for the market.
- Nevertheless, the flame retardancy of natural fiber-reinforced polymer composites is expected to provide new opportunities for the market.
- The Asia-Pacific region dominates the market and is likely to witness the highest CAGR during the forecast period. This growth is attributed to the rapid rise in expenditure on the construction industry.
