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. The increasing demand for NFCs by the end user players, growing manufacturing industries, continuous product innovation, agreements, and expansion activities undertaken by companies are key factors responsible for the growth of the NFCs market.

The automotive application is projected to be the fastest-growing segment in the NFCs market between 2016 and 2021. This can be attributed to the growing need for f lighter, safer, and fuel efficient vehicles. Many car companies, such as BMW (Germany), Audi (Germany), and GM (U.S.) are using non-wood fiber composites for designing interior and exterior parts of automotives. Further, the standards set by Corporate Average Fuel Economy (CAFE) on reduction vehicle weight to increase fuel efficiency would boost the NFCs market in automotive applications.

The wood-based NFCs are expected to be the fastest-growing raw material type in the NFCs market due to their high demand in the building and construction industry, globally. NFCs offer high weight-to-stiffness ratio and low cost compared to synthetic fiber composites. NFCs are extensively used for decking, railing, fencing, and internal furniture among other building and construction applications.

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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.

Stakeholders include the natural fiber manufacturers such as:

Trex Company Inc.
Advanced Engineering recycling technologies (AERT)
Fiberon LLC (U.S.)
UPM Biocomposites
On the Basis of Type, NFCs market is segmented into:

Wood
Non-wood
On the Basis of Manufacturing Processes, NFCs market is classified as:

Compression molding
Injection molding
Other processes
On the Basis of Application, NFCs market is segmented into:

Building & construction
Automotive
Electronics & electricals
Others
On the basis of Region, NFCs market is segmented as:

North America
Europe
Asia-Pacific
South America
Middle East & Africa

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