Natural Fiber Composites Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.5% |
|
Base Year Market Size (2024) |
USD 364.61 million |
|
Forecast Year Market Size (2037) |
USD 933.55 million |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of natural fiber composites is evaluated at USD 387.85 million.
Natural Fiber Composites Market size was over USD 364.61 million in 2024 and is poised to exceed USD 933.55 million by 2037, growing at over 7.5% CAGR during the forecast period i.e., between 2025-2037.
North America industry is likely to hold largest revenue share by 2037, led by growing demand for natural fiber biocomposites made from flax and strict government regulations regarding the use of non-biodegradable synthetic fibers.
The major players in the market are Oldcastle APG, Inc., Trex Company, Inc., Flexform SpA, UPM-Kymmene Corporation, and others.
