Natural fiber composite (NFC) is a type of composite material in which the reinforcement fibers are generated from renewable and carbon dioxide-neutral resources such as plants or wood. NFCs are a desirable alternative to glass fiber and carbon fiber due to their appealing physical characteristics and chemical composition. In addition, they are environmentally friendly and exhibit prolonged shelf life. Moreover, low weight of NFCs make them applicable in furniture and automotive parts.

The global natural fiber composites market was valued at $4.2 billion in 2022, and is projected to reach $8.3 billion by 2032, growing at a CAGR of 7.3% from 2023 to 2032.

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The growth of the natural fiber composites market is driven by surge in demand for electric, lighter, safer, and more fuel-efficient vehicles. This is attributed to the fact that these fibers exhibit superior strength, stiffness, fracture resistance, and thermal & acoustic insulation characteristics.
In addition, use of NFCs reduces the cost of components in automotive applications. Composite manufacturing is rapidly evolving into an economical alternative to traditional methods for producing automotive components. This environmentally beneficial approach is aided by plant-based fibers, including bamboo, kenaf, hemp, jute, flax, coir, sisal, and banana.

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In structural and engineering applications, natural fiber composite are utilized to create load-bearing constructions such as beams, roofing, multipurpose panels, water tanks, and pedestrian bridges. Furthermore, NFCs find their application in making structural beams and frames of pedestrian bridges with low to moderate design loads. In addition, natural fiber composites are being used to produce beams due to their reduced cost, lower density, and beneficial effects on the environment such as the production of natural fiber composite requires less energy and emits less carbon dioxide than the production of synthetic composites.

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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural fiber composites market analysis from 2022 to 2032 to identify the prevailing natural fiber composites market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the natural fiber composites market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global natural fiber composites market trends, key players, market segments, application areas, and market growth strategies.

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Key Market Players:
Polyvlies, TECNARO GMBH, Plasthill Oy, JELU-WERK J. Ehrler GmbH & Co. KG, DuPont, Bcomp Ltd., Lingrove Inc, Procotex, Green Dot Bioplastics Inc., UPM

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