Natural Fiber Biocomposites Market Analysis

The market is segmented by application into automotive, construction, electrical & electronics, and others, out of which, the construction segment is anticipated to hold the largest share in the natural fiber composites market over the forecast period on account of increasing demand for eco-friendly building materials as a result of global warming and growing investments in construction sector globally. However, the segment for automotive is evaluated to grow with the highest CAGR in the coming years owing to the rising requirement for safer, lighter and fuel-efficient vehicles in the region. Moreover, on the basis of fiber type, the wood fiber composites segment is predicted to witness significant growth during the forecast period, which can be credited to the intensifying usage of wood based raw material for infrastructural activities. 

Our in-depth analysis of the global market includes the following segments: