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Sustainability has become a dominant trend across industries, and the natural fiber composites industry has benefitted from this shift. Manufacturers and consumers are increasingly seeking eco-friendly and renewable materials, driving the demand for natural fiber composites as a viable alternative to conventional petroleum-based composites. The automotive industry has shown a growing interest in natural fiber composites as a means to reduce vehicle weight and improve fuel efficiency. Natural fiber composites find applications in interior components, door panels, and even structural parts in some automotive models. The construction industry is increasingly adopting natural fiber composites for various applications, including wall panels, decking, and acoustic ceiling tiles. Thus, the growing prevalence is expected to expedite the natural fiber composites industry growth.
Market size for natural fiber composites reached around USD 320 million in 2022 and is estimated to be worth USD 667.2 million by 2032 driven by the increasing demand for lightweight materials in the automotive industry.
Natural fiber composites market from the wood fiber composites segment generated USD 83.7 million in 2022 and is expected to witness high demand through 2032 attributed to benefits, such as versatility and adaptability.
U.S. natural fiber composites size was USD 76.6 million in 2022 and is poised to grow at notable CAGR through 2032 owing to the growing emphasis on sustainability and environmental consciousness.
FlexForm Technologies, Green Dot Bioplastics, UPM-Kymmene Corporation, Trex Company, Inc, Fiberon LLC, Fiberon Composites, GreenCore Composites, Tecnaro GmbH are some prominent natural fiber composite providers