Product Code: A01728
The global natural fiber reinforcement materials market was valued at $360.97 million in 2020, and is projected to reach $694.64 million by 2030, growing at a CAGR of 6.81% from 2021 to 2030.
Natural fiber reinforcement materials are widely popular for research owing to their wide range of applications in polymer composites, sustainability, and eco-friendly nature. It is produced from materials that are composed of polymer matrix embedded with high strength natural fibers, such as sisal, jute, flax, kenaf, and oil palm. There is a huge increase in demand for naturally-derived materials because of the rise in environmental concerns and unsustainable consumption of petroleum.
The rise in individual awareness about environment protection augments the growth of the natural fiber reinforcement materials. In addition to this, upsurge in demand from the automotive industry and the eco-friendly nature of natural fiber reinforcement material drive the market growth. The rise in applications of natural fiber in construction and packaging industries is expected to boost the growth of the natural fiber reinforcement materials market in near future.
The presence of superior advantages, such as low weight and low cost and good properties of natural fiber over synthetic fibers are expected to augment the growth of the natural fiber reinforcement materials market. Increase in adoption of sustainable and environment-friendly materials to manufacture products, due to increase in the awareness among the consumers regarding the advantages of green materials is another driving factor for the development of the market. Implementation of strict government regulations is expected to increase the market demand for natural fiber reinforcement materials during the forecast period. The hydrophilic nature of natural fiber is expected to hinder the market growth, due to poor dimensional stability, processing ability, and porous nature.
The COVID-19 pandemic in 2019 has led to shutdown of a wide range of transportation activities and construction activities, which has negative impact on the development of the natural fiber reinforcement materials market. Low labor and unavailability of raw materials due to nationwide lockdown have led to shutdown of various manufacturing facilities. Decrease in demand for natural fibers during the outbreak of COVID-19 due to shutdown of automotive manufacturing companies and other sectors has a negative impact on the growth of the market.
The natural fiber reinforcement materials market is segmented on type, end-use industry, and region.
By type, the market is divided into hemp, flax, kenaf, jute, and others (coir, abaca, sisal). On the basis of end-use industry, it is segmented into transportation, building & construction and consumer goods & others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Europe region accounted for largest market share of the total revenue in 2020, followed by North America and Asia-Pacific. The high adoption of natural fiber products in the region is expected to continue to drive the natural fiber reinforcement materials market size, due to the presence of huge population base, increase in investment in the construction & transportation projects, and presence of many developing countries in this region.
- The key players operating in the global natural fiber reinforcement materials market are AgroFiber SAS, Bast Fiber LLC., Greene Natural Fibers LLC., Procotex Corporation, Hempflax BV, Saneco S.A., Hempline Inc., Schweitzer-Mauduit International, Inc., Kenaf Industries of South Texas, and NFC Fibers GmbH. Other major natural fiber reinforcement materials players in the natural fibers market (not included in the report) such as EUCHORA S.R.L., Badische Naturfaseraufbereitung GmbH, Tenbro, Wilhem G. Clasen, FlaxStalk Natural Fiber Solutions, Fiberon LLC., Tecnaro, FlexForm Technologies, Greencore Composites, and Greengran B.V. are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the natural fiber reinforcement materials market during the forecast period.
COVID-19 Impact Analysis:
- COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The restrictions on international trade and lockdown regulations on the operations of the variety of industries, are projected to work at low limit due to decline in the demand for products in the market.
- Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural fiber reinforcement materials market analysis from 2020 to 2030 to identify the prevailing natural fiber reinforcement materials 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 reinforcement materials 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 reinforcement materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End Use Industry
- Transportation
- Building and Construction
- Consumer Goods and Others
By Type
- Hemp
- Flax
- Kenaf
- Jute
- Others
By Region
- North America
- Europe
- Germany
- France
- Spain
- Italy
- Rest of Europe
- U.K.
- Asia-Pacific
- China
- Japan
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
- Key Market Players
- AGROFIBER SAS
- BAST FIBER LLC
- GREENE NATURAL FIBERS LLC
- HEMPFLAX BV
- HEMPLINE INC.
- KENAF INDUSTRIES OF SOUTH TEXAS
- NFC FIBERS GMBH
- PROCOTEX CORPORATION
- SANECO S.A.
- SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Pricing Analysis
- 3.8.Value Chain Analysis
- 3.9.Key Regulation Analysis
- 3.10.Patent Landscape
CHAPTER 4: NATURAL FIBER REINFORCEMENT MATERIALS MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Hemp
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Flax
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Kenaf
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Jute
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.6 Others
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
CHAPTER 5: NATURAL FIBER REINFORCEMENT MATERIALS MARKET, BY END USE INDUSTRY
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Transportation
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Building and Construction
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Consumer Goods and Others
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: NATURAL FIBER REINFORCEMENT MATERIALS MARKET, BY REGION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Type
- 6.2.3 North America Market size and forecast, by End Use Industry
- 6.2.4 North America Market size and forecast, by country
- 6.2.4.1 U.S.
- 6.2.4.1.1 Market size and forecast, by Type
- 6.2.4.1.2 Market size and forecast, by End Use Industry
- 6.2.4.2 Canada
- 6.2.4.2.1 Market size and forecast, by Type
- 6.2.4.2.2 Market size and forecast, by End Use Industry
- 6.2.4.3 Mexico
- 6.2.4.3.1 Market size and forecast, by Type
- 6.2.4.3.2 Market size and forecast, by End Use Industry
- 6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Type
- 6.3.3 Europe Market size and forecast, by End Use Industry
- 6.3.4 Europe Market size and forecast, by country
- 6.3.4.1 U.K.
- 6.3.4.1.1 Market size and forecast, by Type
- 6.3.4.1.2 Market size and forecast, by End Use Industry
- 6.3.4.2 Germany
- 6.3.4.2.1 Market size and forecast, by Type
- 6.3.4.2.2 Market size and forecast, by End Use Industry
- 6.3.4.3 France
- 6.3.4.3.1 Market size and forecast, by Type
- 6.3.4.3.2 Market size and forecast, by End Use Industry
- 6.3.4.4 Spain
- 6.3.4.4.1 Market size and forecast, by Type
- 6.3.4.4.2 Market size and forecast, by End Use Industry
- 6.3.4.5 Italy
- 6.3.4.5.1 Market size and forecast, by Type
- 6.3.4.5.2 Market size and forecast, by End Use Industry
- 6.3.4.6 Rest of Europe
- 6.3.4.6.1 Market size and forecast, by Type
- 6.3.4.6.2 Market size and forecast, by End Use Industry
- 6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Type
- 6.4.3 Asia-Pacific Market size and forecast, by End Use Industry
- 6.4.4 Asia-Pacific Market size and forecast, by country
- 6.4.4.1 China
- 6.4.4.1.1 Market size and forecast, by Type
- 6.4.4.1.2 Market size and forecast, by End Use Industry
- 6.4.4.2 Japan
- 6.4.4.2.1 Market size and forecast, by Type
- 6.4.4.2.2 Market size and forecast, by End Use Industry
- 6.4.4.3 South Korea
- 6.4.4.3.1 Market size and forecast, by Type
- 6.4.4.3.2 Market size and forecast, by End Use Industry
- 6.4.4.4 Rest Of Asia Pacific
- 6.4.4.4.1 Market size and forecast, by Type
- 6.4.4.4.2 Market size and forecast, by End Use Industry
- 6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Type
- 6.5.3 LAMEA Market size and forecast, by End Use Industry
- 6.5.4 LAMEA Market size and forecast, by country
- 6.5.4.1 Brazil
- 6.5.4.1.1 Market size and forecast, by Type
- 6.5.4.1.2 Market size and forecast, by End Use Industry
- 6.5.4.2 Argentina
- 6.5.4.2.1 Market size and forecast, by Type
- 6.5.4.2.2 Market size and forecast, by End Use Industry
- 6.5.4.3 South Africa
- 6.5.4.3.1 Market size and forecast, by Type
- 6.5.4.3.2 Market size and forecast, by End Use Industry
- 6.5.4.4 Rest of LAMEA
- 6.5.4.4.1 Market size and forecast, by Type
- 6.5.4.4.2 Market size and forecast, by End Use Industry
CHAPTER 7: COMPANY LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Key developments
CHAPTER 8: COMPANY PROFILES
- 8.1 AGROFIBER SAS
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
- 8.2 BAST FIBER LLC
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
- 8.3 GREENE NATURAL FIBERS LLC
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
- 8.4 HEMPFLAX BV
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
- 8.5 HEMPLINE INC.
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
- 8.6 KENAF INDUSTRIES OF SOUTH TEXAS
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
- 8.7 NFC FIBERS GMBH
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
- 8.8 PROCOTEX CORPORATION
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
- 8.9 SANECO S.A.
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments
- 8.10 SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
- 8.10.1 Company overview
- 8.10.2 Company snapshot
- 8.10.3 Operating business segments
- 8.10.4 Product portfolio
- 8.10.5 Business performance
- 8.10.6 Key strategic moves and developments