Global Natural Fiber Composites Market 2017-2021
About Natural Fiber Composites
Composites are materials that are made by combining two or more materials having different chemical and physical properties. The composites exhibit different and superior properties over the materials used. Natural fibers are derived from plants and animals. These fibers can be made into filaments, threads, or ropes. Natural fibers are used in polymer composites mainly due to their environment-friendly properties. The demand for NFCs is growing due to their formability, abundance, renewability, cost-effectiveness, and environment-friendly features.
Technavio’s analysts forecast the global natural fiber composites market to grow at a CAGR of 11.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global natural fiber composites market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Natural Fiber Composites Market 2017-2021
Technavio recognizes the following companies as the key players in the global natural fiber composites market: FlexForm Technologies, PolyOne, TECNARO, UPM, and Weyerhaeuser Company.
Other Prominent Vendors in the market are: A B COMPOSITES, Aqvacomp Oy, Bcomp, DowDuPont, GreenCore Composites, GreenGran, Plasthill Oy, Procotex Corporation, and Sunstrand.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation in automotive industry. The automotive industry is growing at the highest CAGR in the global NFCs market. The reasons behind the growth of the automotive industry are the increasing population and the increase in disposable income of individuals. People demand more innovation in cars, be it in terms of style, comfort, or features.”
According to the report, one driver in the market is regulations and demand for environment-friendly composites. Currently, the demand for fiber-reinforced (glass and carbon fibers) composites is quite high. These fiber-reinforced composites find applications in a number of end-use industries. However, the challenge associated with these is that they are expensive and are not environment-friendly. These fibers are non-renewable and non-recyclable. Glass fibers are commonly used in the polymer matrix. Although the use of glass fibers is high in composites, there are some problems associated with them.
Further, the report states that one challenge in the market is water absorption by natural fibers. The natural fibers can absorb moisture from the air, as they are in direct contact with the environment. This absorption results in the deformation of the surface of the composites, as the surface becomes swollen and voids are created on it. This deformation results in less strength and the weight of the composite increases. One of the advantages of using NFCs is their lightweight, and due to the absorption of water, this advantage is nullified. If the water absorption results in a 20% increase in the weight of the composite, the lightweight advantage gets nullified.
FlexForm Technologies, PolyOne, TECNARO, UPM, Weyerhaeuser Company, A B COMPOSITES, Aqvacomp Oy, Bcomp, DowDuPont, GreenCore Composites, GreenGran, Plasthill Oy, Procotex Corporation, and Sunstrand.