ANIMAL AND PLANT FIBERS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Animal fibers such as wool, silk, and angora have the most industrial value. Moreover, plant fibers such as cotton, hemp, and jute have a wide application in the textile industry. Natural fibers also find application as biocomposites in the automotive industry as noise absorbing panels, insulation, and energy absorbers. Natural fibers are preferred over synthetic fibers since they are renewable and biodegradable substances. Moreover, the low density of natural fibers leads to low processing costs which is expected to drive the demand for plant and animal fibers. However, natural fibers have certain disadvantages such as poor strength compared to glass fibers, as well as weaker bonding properties which may hamper the growth of the market.