Natural Fiber Composites Market Analysis; By Key Players, Applications, Growth Trends, Share & Segment Forecast to 2022

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

With the increasing concern due to the recyclability and biodegradability composites such as glass and carbon, natural fiber composites serves as perfect replacement. Attributing to added properties such as high durability, low density, lightweight and cost effectiveness, natural fiber composites have gained significant traction. Natural fiber composites are reinforced matrices structure formed using natural fibers. Natural fiber such as coir, jute, bagasse, cotton, bamboo, hemp are used to manufacture high strength and stiff composite structures that can be used for various application. The natural fibers can be used to reinforce both thermosetting and thermoplastic matrices

Natural fiber composites are relatively lighter and have more strength than conventional fibers and therefore find extensive application in automotive industry for interior and exterior application. In the construction industry natural fiber composites are used in applications such as railings, window frames and door panels. Similarly natural fiber composites are also used for packaging and electrical industry. Natural fiber composites are manufactured using two methods—injection and compression moulding. Natural fiber composites are manufacture predominantly by compression moulding technique as compared to injection.

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The natural fiber composites market is expected to witness a significant growth over the forecasted years owing to the rising environmental concern over the production and utilization of non-biodegradable synthetic fibers. Stringent regulation regarding non-biodegradable composites in regions such as Europe and North America have opened new opportunities for natural fiber composites materials in these regions. With increasing demand for sustainable natural fibers composites in emerging economies for automotive, constructions and textile industry the outlook for natural fiber composites looks positive for the forecast years. Although the demand for natural fiber composites is increasing the market is restrained by the presence of semi synthetic fiber composites. Inherent properties of relatively high moisture absorption and limited chemical reactivity also hinder the growth of natural fiber composites market.

Natural fiber composites market can be segmented as follows

By manufacturing process type:

• Compression moulding
• Injection moulding

By Applications:

• Automotive
• Construction
• Electrical & Electronics
• Others

Global natural fiber composites market can also be segmented on the basis of regions— North America, Latin America, Europe, Middle East & Africa, Asia Pacific. In terms of natural fiber composites demand, the largest market is Europe owing to extensive demand of natural fiber composites automotive application. Key market in Europe include UK and Germany. Followed by Europe, North America and Latin America are the key markets for natural fiber composites. High demand in infrastructure and constructions applications are attributed to the high demand in these regions. Asia Pacific is anticipated to be the largest market for natural fiber composites for the forecasted years, with emerging market of India and China contributing significantly in the market dynamics. The escalating demands from regions such as Middle East & Africa are anticipated to influence the natural fiber composites market in the coming years due to the increasing demands from construction and electronics industry.

Some of the key players identified in the global natural fiber composites are:

• Greengran B.V FlexForm Technologies LLC.,
• FiberGran GmbH & Co. KG Tecnaro GmbH,
• Kafus Bio-Composites Inc.
• Stemergy,
• Procotex Corporation SA,
• Bast Fiber LLC

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