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Natural Fiber Biocomposites Market Trends

  • Report ID: 3067
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Natural Fiber Biocomposites Market Trends

Growth Drivers

  • Intensifying Demand for Lightweight Products from Automotive Industry
  • Growing Awareness Regarding Green Products Worldwide

Challenges

  • Fluctuation in Cost of Raw Materials

Natural Fiber Composites Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

7.5%

Base Year Market Size (2023)

USD 339.17 million

Forecast Year Market Size (2036)

USD 868.42 million

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 3067
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Intensifying demand for lightweight products from automotive industry and growing awareness regarding green products worldwide are major growth drivers for market.

The market is anticipated to attain a noteworthy CAGR over the forecast period, i.e., 2021 – 2029.

Fluctuation in cost of raw materials for producing natural biocomposites is estimated to hamper the market growth.

Fluctuation in cost of raw materials for producing natural biocomposites is estimated to hamper the market growth.

The major players in the market are Oldcastle APG, Inc., Trex Company, Inc., Flexform SpA, UPM-Kymmene Corporation, and others.
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