November 2021- Weinerberger declared that it decided to spend about USD 70 million in 2021 to boost efficiency at its plants in Europe and North America. The company is already almost halfway toward its 2023 goal of cutting carbon dioxide emissions by 15% compared to levels last year.
June 2021- Procotex announced that it will acquire the short Carbon fiber business of ELG UK. The acquisition is part of the company’s continuous innovative efforts toward a sustainable future.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3888
Published Date: Jun 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving market growth owing to the growing environmental concerns across the world, and increasing demand for the product from construction, marine, and automotive industries.
The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2035.
major players in the market are ALPAS Srl, TECNARO GmbH, MCG Biocomposites LLC, GreenGran BN, Procotex SA Corporation, Stemergy SDN BHD, Bast Fibers, LLC, Green Composites Pvt. Ltd., UPM-Kymmene Corporation, Wienerberger AG and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by the end user, fiber type, and by region.