The report "Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021", 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. This growth is attributed to the high demand for NFCs in the construction and automotive industry, driven by the regulatory norms, and superior performance. Lightweight, high stiffness-to-weight ratio, consumer awareness regarding recyclable, and biodegradable materials, are advantages of the use of NFCs in the composites market.

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The market of NFCs has a diversified ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Some of the major raw material suppliers as well as manufacturers are Stemergy (Canada), UPM Biocomposites (Finland), Greencore Composites (Canada), and Flex Form Technologies (U.S.). This study caters focuses on the top investment pockets, which would help the stakeholders to understand and analyze the emerging trends of the NFCs market.

STAKEHOLDERS include the natural fiber manufacturers such as:

Trex Company Inc.
Advanced Engineering recycling technologies (AERT)
Fiberon LLC (U.S.)
UPM Biocomposites
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.

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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.

The North Ame

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
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