Due to growing environmental concerns and the resulting increase in demand for bio-based composite materials, the market for natural fibre reinforced composites is booming. These composite fibres are made from the bast, or outside stem, of several plants. When compared to items made from oil, the use of these composites can cut carbon footprint by 50%. These natural fibres are also up to 100% recyclable. All of these elements are anticipated to fuel market expansion. The increasing use of bio-based fibre composite in the automobile industry is another driver fueling market expansion. They are increasingly used in the fabrication of electric car components because of their lightweight qualities. Due to its competitive stiffness and strength to various synthetic fibres as well as outstanding acoustic insulation properties, these composites can also be employed in floor panels, door panels, seat backs, under floor pans, and trunk liners in vehicles and trucks. The leading market players can expect profitable growth prospects as the use of flame retardants in the production of natural fibre reinforced composites increases.
Coherent Market Insights projects that the market for Natural Fibre Reinforced Composites was valued at US$ 2,740.30 million in 2020, and it is anticipated to grow to US$ 3,940.00 million by 2028 at a CAGR of 5.30%.
Top Companies in the Natural Fiber Reinforced Composites Industry:
1. Fiberon
The company was founded in 1997 and is based in New London, North Carolina. Products for composite decking are produced by Fiberon LLC. Products for decking, railing, and terrace fastening are offered by the company. Fiberon provides services all around the world. Wildwood composite cladding was introduced by Fiberon in March 2021. In addition to the durability of high-performance, low-maintenance materials, they offer the unmatched beauty and warmth of wood.
2. The AZEK Company Inc.
The company was founded in 2013 and is located in Chicago, Illinois, United States. The AZEK Company Inc. is dedicated to innovation, environmental sustainability, and research. The AZEK Company announced the arrival of two fashionable composite deck-board colours, French White Oak and Dark Cocoa, starting in January 2022, along with new outdoor living products from TimberTech in November 2021.
3. Green Dot Bioplastics Inc
The firm was founded in 2009 and has its amin office in Kansas, United States. The business is a material science company that deals with bioplastics. Bioplastic and biocomposite pellets are available from the company. Green Dot Bioplastics Inc. and Mayco International joined forces in October 2021 to recover trim and scrap fibres for Natural Fibre Reinforced Plastic (NFRP), creating a sustainable alternative for waste generated during the production of automobile components.
4. Flexform Technologies
The company was founded in 1999 and is based in Indiana, United States. The business produces strong, lightweight, moldable, and fully recyclable non-woven natural fibre composite mats and panel solutions for a variety of industries, including the automotive, office interiors, aerospace, recreational vehicles, and commercial sectors. In all of Indiana, Flexform Technologies provides customer service.
5. International Paper
The company was started in 1898 and is based in Tennessee, United States. International Paper converts renewable resources into goods that people use on a daily basis, including as pulp for absorbency and packaging that is environmentally friendly. The company is a leading manufacturer of environmentally friendly packaging, pulp, and other fiber-based goods.
6. NPSP BV
The company was started in 1998 and is based in Noord-Holland, The Netherlands. NPSP creates and provides cutting-edge, ecologically friendly composite products and materials for architecture, design, construction, and transportation. The business uses circular, bio-based raw materials with a lengthy life cycle as much as feasible.
7. Trex Company Inc
The company was founded in 1996 and is based in Virginia, United States. The Trex Company, Inc. creates non-wood decking substitutes. The business sells decking, railing, outdoor lighting, and hardware accessories. Manufacturer of composite decking, railing, and other outdoor products created from recycled materials is Trex Company, Inc.
*Definition: Natural fibres have superior heat stability after chemical processing than synthetic fibres do. These processes enhance the natural fibres' mechanical, thermal, and wettability characteristics.
