The Natural Fiber Composites (NFCs) market is projected to reach USD 6.50 billion by 2021, expected to register a CAGR of 11.68% between 2016 and 2021. The major drivers stimulating the growth of the NFCs market are increasing use of natural fiber composites in construction and automotive industries due to their high stiffness-to-weight ratio, lightweight and recyclability.
Complete report on Natural Fiber Composites (NFCs) market spread across 128 pages, profiling 16 companies and supported with 41 tables and 42 figures is now available at http://www.rnrmarketresearch.com/natural-fiber-composites-market-by-applications-automotive-building-and-construction-electrical-and-electronics-others-by-manufacturing-processes-compression-molding-injection-molding-others-market-report.html .
The key drivers of NFCs in automotive industry are lightweight, higher fuel efficiency, lower energy consumption, excellent safety & acoustic features with recyclability and government regulations. In order to comply with regulatory norms, automotive manufacturers such as Toyota Motor Corp. (Japan), Ford Motor Company (U.S.), Mercedes-Benz (Germany)have started using NFCs to manufacture automotive components such as seatbacks, parcel shelves, boot linens, among other parts. Thus, automotive application would be the most profitable investment pocket for stakeholders.
Asia-Pacific is expected to be the fastest-growing market for NFCs in the next five years. The development in infrastructure facilities, investment made by NFCs manufacturers, and capacity expansions by various leading players are a few factors leading to the growth of the market of NFCs in this region. China leads the market of NFCs in Asia-Pacific. Its consumption of natural fiber composites has grown remarkably due to growth in the construction and electrical & electronics industries.
The report provides comprehensive analysis of company profiles which include UPM Biocomposites(Finland), Weyerhaeuser(U.S.), Procotex Corporation NV SA (Belgium), Trex Company, Inc.(U.S.), Advanced Environmental Recycling Technologies, Inc. (AERT) (U.S.), Fiberon LLC (U.S.), Polyvlvlies Franz Beyer GMBH & CO. KG (Germany), Tecnaro GMBH (Germany), FlexForm Technologies (U.S.), Meshlin Composites Zrt. (Germany), Greencore Composites, Inc. (Canada), Greengran B.V. (The Netherlands), Jelu-Werk Josef Ehrler GMBH & CO. KG (Germany), Polymera, Inc.(U.S.), Stemergy (U.S.) and TTS BIOCOMPOSITE (U.S.). Ask for the discount before order a copy of Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=249841
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:
By company type- Tier 1- 50%, Tier 2- 37%, and Tier 3- 13%
By designation- C Level- 46%, Director Level- 33%, and Others- 21%
By region- North America- 34%, Europe- 31%, Asia-Pacific- 23%, and RoW (12%)
On a related note, another research on Aramid Fiber Market Global Trends & Forecasts to 2021 says, the aramid fiber market is estimated to have been USD 2.99 Billion in 2015 and is projected to reach USD 5.07 Billion by 2021, registering a CAGR of 8.9% between 2016 and 2021. In this study, 2014 has been considered as the historical year, 2015 as the base year, and 2016 to 2021 as forecast period for estimating market size of aramid fiber. Security & protection application segment to capture the largest share of the aramid fiber market. Companies like E.I. du Pont de Nemours & Co. (U.S.), Tejin Limited (Japan), Yantai Tayho Advanced Materials Co. (China), Toray Chemical Korea Inc. (South Korea), Hyosung Corporation (South Korea), Kolon Industries Inc. (South Korea), Huvis Corporation (South Korea), Kermel (France), China National Bluestar Co, Ltd. (China), and SRO Aramid Co. Ltd. (China) have been profiled in this 152 pages research report available at http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html .
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