Natural Fiber-reinforced Plastics Market to Undertake Strapping Growth During 2026
Natural
fibers are highly popular among researchers due to their application
in polymer composites, owing to their eco-friendly nature and
sustainability. The increase in concerns related to environment,
stringent environmental regulations, and unsustainable consumption of
petroleum have led to use of naturally derived materials. In natural
fiber-reinforced plastics, biodegradable material, which is fibrous
in nature, is embedded in a matrix made of plastic. Plants such as
cotton, jute, and bamboo can be used as fiber materials. Advantages
of use of natural fibers as plastic reinforcement are attributable to
their low density, renewability, biodegradability, non-toxicity, good
insulation property, and machine wear. Natural fiber-containing
composites are used in sectors such as transportation, (automobiles,
railway coaches, and aerospace), military, and building &
construction (ceiling paneling, partition boards) and in packaging
and consumer products.
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Global
Natural Fiber-reinforced Plastics Market: Drivers
Demand
for natural fiber-reinforced plastics is high in the engineering
sector. Different types of natural fiber-reinforced polymer
composites have received wide acceptance in the automotive sector by
automotive manufacturers such as BMW, Audi Group, Ford, and Mercedes.
Wood fibers are used to enclose the rear side of the seat backrest.
High demand for cotton fibers that can be used as soundproofing
materials propels the natural fiber-reinforced plastics market. Apart
from the automobile industry, demand for natural fiber-reinforced
plastics is high in sectors such as building & construction,
sports, and aerospace. Increase in the demand for products with
biodegradability, availability, cost-effectiveness, and low density
is propelling the demand for natural fiber-reinforced plastics.
However, requirement for chemical modification of natural fibers for
improving the interfacial adhesion between fibers and the polymer
matrix is likely to restrain the market during the forecast period,
as the additional cost makes the process more expensive.
In
terms of type of plastic used as matrix, the global natural
fiber-reinforced plastics market can be segmented into thermoplastics
and thermosets. Most commonly used thermoset polymers in natural
fiber-reinforced composites are polyester, epoxies, and vinyl ester.
Polypropylene composites have attracted greater attention over the
last few years, due to their added advantage of recyclability. Other
thermoplastics such as polyethylene and polystyrene have also been
used. Based on type of fiber, the natural fiber-reinforced plastics
market can be segmented into flax, cotton, jute, sisal, ramie, coir,
and banana. In terms of end-use, the market has been categorized into
automotive, building & construction, aerospace, and sports &
leisure.
Global
Natural Fiber-reinforced Plastics Market: Regional Outlook
The
global natural fiber-reinforced plastics market witnessed robust
growth in 2017 and the trend is estimated to continue during the
forecast period. North America is a key region for natural
fiber-reinforced plastics market, owing to presence of highly
attractive aerospace and defense industries in the region. Germany,
the U.K., and France are some of the major importers of natural
fiber-reinforced plastics in the Europe region, due to presence of a
highly attractive automotive industry in these countries. Rise in
population, increase in urbanization, and changes in lifestyle are
anticipated to boost the natural fiber-reinforced plastics market in
the Asia Pacific region during the forecast period. Natural
fiber-reinforced plastics witness high demand from countries such as
China, India, and Japan. The natural fiber-reinforced plastics market
in Latin America and Africa is expected to expand at a significant
pace during the forecast period, owing to overall technological
advancements in the region.
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Global
Natural Fiber-reinforced Plastics Market: Key Players
Key
players operating in the global natural fiber-reinforced plastics
market include AMORIM, Tecnaro, Advanced Compounding, and UPM etc.
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