[128 Pages Report] The NFCs market was worth USD 3.36 Billion, in 2015, and is projected to reach USD 6.50 Billion in 2021 expected to register a CAGR of 11.68%, between 2016 and 2021. Natural fibers have become crucial in technical composite applications due to the demand for recyclable and biodegradable raw materials. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating market size of NFCs. NFCs market, according to this report, is segmented into type, manufacturing process, application, and region.

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Some of the key global players prevailing in the NFCs market are Trex Company, Inc., Advanced Engineering recycling technologies, Inc. (AERT), Fiberon LLC (U.S.), UPM Biocomposites (Finland), FlexForm Technologies (U.S.), among others. These players have adopted various organic and inorganic developmental strategies in the past five years. For instance, FlexForm Technologies formed FlexForm Korea Ltd. for the acquisition and operation of factories and production lines in Jeonju City and Cheonan, South Korea.

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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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.

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