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North America Natural Fiber Composites Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Wood, Cotton, Flax, Kenaf, Hemp, and Others), Technology (Injection Molding, Compression Molding, Pultrusion, and Others), and End User (Automotive & Aerospace, Building & Construction, Electrical & Electronics, Sporting Goods, and Others)

May 2023 | 119 pages | ID: NDF252FA725CEN
The Insight Partners

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The North America natural fiber composites market is expected to grow from US$ 1,168.91 million in 2022 to US$ 1,788.98 million by 2028. It is estimated to grow at a CAGR of 7.4% from 2022 to 2028.

Growing Focus on Eco-Friendly and Sustainable Products in North America Natural Fiber Composites Market

Conventional construction materials are highly resource- and energy-intensive. Hence, owing to the rising concerns and awareness about the social and environmental impacts of conventional building materials, composite manufacturers are shifting toward environment-friendly raw materials such as natural fibers. Moreover, stringent regulations, legislation, and policies concerning environment protection, energy efficiency, and economic quality in the construction industry in the region create a shift toward green construction and propel demand for sustainable building materials. The demand for construction materials is increasing with the rising use of technologically advanced processes in construction activities. Several governments are spending generously on infrastructure development in developed and developing countries. Also, construction spending is expected to increase by 5.5% by 2023. Such initiatives generate demand for construction services, equipment, and materials. However, the growing construction sector; rising government emphasis on environmental regulations; and increasing ecological, social, and economic awareness prompted an optimal use of natural resources. This has encouraged the utilization of natural fiber-reinforced composite materials for diverse applications in the construction sector. Natural fiber composites have several advantages such as renewability, biodegradability, high strength, low cost, noncorrosive nature, nonhazardous, and manufacturing flexibility, over other composite alternatives. Thus, rising awareness of green building materials and government support for sustainable solutions fuel the natural fiber composites market growth.

North America Natural Fiber Composites Market Overview

North America offers an extensive growth opportunity for the natural fiber composites market players due to the growing utilization of natural fiber composites within its end-use industries, including automotive, construction, aerospace, consumer goods, and electronics. Natural fiber composites are utilized in various interior and exterior applications of automobiles and infrastructural applications. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, North America registered a production of 13.42 million vehicles. Natural fiber composites are used in automotive interior linings due to their properties, such as lightweight, prefabrication capabilities, and design flexibility. The construction sector in North America is witnessing growth due to increased federal and state financing for the construction of commercial and institutional structures in the region. According to a report released by the US Census Bureau, the value of total construction (private and public) investment in 2022 was US$ 1,792.9 billion, a 10.2% increase from investments in 2021. The expansion of the construction sector and the imposition of building regulations requiring the utilization of green materials are expected to fuel the regional natural fiber composites market during the forecast period.

North America Natural Fiber Composites market Revenue and Forecast to 2028 (US$ Million)

North America Natural Fiber Composites market Segmentation

The North America natural fiber composites market is segmented on the basis of raw material, technology, and end user. On the basis of raw material, the North America natural fiber composites market is segmented into wood, cotton, flax, kenaf, hemp, and others. The wood segment registered a larger market share in 2022.

Based on technology, the North America natural fiber composites market is further segmented into injection molding, compression molding, pultrusion, and others. The injection molding segment registered a larger market share in 2022.

Based on end user, the North America natural fiber composites market is segmented into automotive & aerospace, building & construction, electrical & electronics, sporting goods, and others. The automotive & aerospace registered the largest market share in 2022.

Based on country, the North America natural fiber composites market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.

Amorim Cork Composites SA, Flexform Technologies LLC, Lanxess AG, Lingrove Inc, Polyvlies Franz Beyer GmbH, and UPM-Kymmene Corp are the leading companies operating in the North America natural fiber composites market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Natural Fiber Composites Market, by Raw Material
1.3.2 North America Natural Fiber Composites Market, by Technology
1.3.3 North America Natural Fiber Composites Market, by End User
1.3.4 North America Natural Fiber Composites Market, by Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:

4. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Natural Fiber Composites’ Manufacturing Process:
4.3.3 Distributors or Suppliers:
4.3.4 End Users
4.4 Expert Opinion

5. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Increasing Demand for Natural Fiber Composites from Automotive Industry
5.1.2 Growing Focus on Eco-Friendly and Sustainable Products
5.2 Market Restraints
5.2.1 Hygroscopicity of Natural Fiber Composites
5.3 Market Opportunities
5.3.1 Applications of Natural Fiber Composites in Sporting Goods Applications
5.4 Future Trends
5.4.1 Development of Natural/Synthetic Fiber-Based Hybrid Composites
5.5 Impact Analysis

6. NATURAL FIBER COMPOSITES – NORTH AMERICA MARKET ANALYSIS

6.1 North America Natural Fiber Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.2 North America Natural Fiber Composites Market –Revenue and Forecast to 2028 (US$ Million)

7. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET ANALYSIS – BY RAW MATERIAL

7.1 Overview
7.2 North America Natural Fiber Composites Market, By Raw Material (2021 and 2028)
7.3 Wood
7.3.1 Overview
7.3.2 Wood: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Wood: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cotton
7.4.1 Overview
7.4.2 Cotton: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Cotton: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Flax
7.5.1 Overview
7.5.2 Flax: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5.3 Flax: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Kenaf
7.6.1 Overview
7.6.2 Kenaf: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.6.3 Kenaf: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Hemp
7.7.1 Overview
7.7.2 Hemp: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.7.3 Hemp: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.8.3 Others: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)

8. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET ANALYSIS – BY TECHNOLOGY

8.1 Overview
8.2 North America Natural Fiber Composites Market, By Technology (2021 and 2028)
8.3 Injection Molding
8.3.1 Overview
8.3.2 Injection Molding: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Compression Molding
8.4.1 Overview
8.4.2 Compression Molding: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Pultrusion
8.5.1 Overview
8.5.2 Pultrusion: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)

9. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET ANALYSIS – BY END USER

9.1 Overview
9.2 North America Natural Fiber Composites Market, By End User (2021 and 2028)
9.3 Automotive & Aerospace
9.3.1 Overview
9.3.2 Automotive & Aerospace: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Building & Construction
9.4.1 Overview
9.4.2 Building & Construction: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Electrical & Electronics
9.5.1 Overview
9.5.2 Electrical & Electronics: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Sporting Goods: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)

10. NORTH AMERICA NATURAL FIBER COMPOSITES MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 North America: Natural Fiber Composites Market, by Key Country
10.1.1.1 US: Natural Fiber Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2 US: Natural Fiber Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 US: Natural Fiber Composites Market, by Raw Material
10.1.1.2.2 US: Natural Fiber Composites Market, by Raw Material
10.1.1.2.3 US: Natural Fiber Composites Market, by Technology
10.1.1.2.4 US: Natural Fiber Composites Market, by End User
10.1.1.3 Canada: Natural Fiber Composites Market–Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4 Canada: Natural Fiber Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Canada: Natural Fiber Composites Market, by Raw Material
10.1.1.4.2 Canada: Natural Fiber Composites Market, by Raw Material
10.1.1.4.3 Canada: Natural Fiber Composites Market, by Technology
10.1.1.4.4 Canada: Natural Fiber Composites Market, by End User
10.1.1.5 Mexico: Natural Fiber Composites Market–Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6 Mexico: Natural Fiber Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Mexico: Natural Fiber Composites Market, by Raw Material
10.1.1.6.2 Mexico: Natural Fiber Composites Market, by Raw Material
10.1.1.6.3 Mexico: Natural Fiber Composites Market, by Technology
10.1.1.6.4 Mexico: Natural Fiber Composites Market, by End User

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. COMPANY PROFILES

12.1 UPM-Kymmene Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Flexform Technologies LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Polyvlies Franz Beyer GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Amorim Cork Composites SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lanxess AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Lingrove Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES

Table 1. North America Natural Fiber Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. North America Natural Fiber Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. US Natural Fiber Composites Market, by Raw Material – Volume and Forecast to 2028 (Kilo Tons)
Table 4. US Natural Fiber Composites Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Natural Fiber Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Natural Fiber Composites Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Natural Fiber Composites Market, by Raw Material – Volume and Forecast to 2028 (Kilo Tons)
Table 8. Canada: Natural Fiber Composites Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Natural Fiber Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Natural Fiber Composites Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Natural Fiber Composites Market, by Raw Material – Volume and Forecast to 2028 (Kilo Tons)
Table 12. Mexico Natural Fiber Composites Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Natural Fiber Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Natural Fiber Composites Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, North America Natural Fiber Composites Market

LIST OF FIGURES

Figure 1. North America Natural Fiber Composites Market Segmentation
Figure 2. North America Natural Fiber Composites Market Segmentation – By Country
Figure 3. North America Natural Fiber Composites Market Overview
Figure 4. North America Natural Fiber Composites Market, By Raw Material
Figure 5. North America Natural Fiber Composites Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Natural Fiber Composites Market
Figure 8. Expert Opinion
Figure 9. North America Natural Fiber Composites Market Impact Analysis of Drivers and Restraints
Figure 10. North America Natural Fiber Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 11. North America Natural Fiber Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Natural Fiber Composites Market Revenue Share, By Raw Material (2021 and 2028)
Figure 13. Wood: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Wood: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Cotton: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Cotton : North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Flax: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Flax: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Kenaf: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Kenaf: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Hemp: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Hemp: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: North America Natural Fiber Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 24. Others: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. North America Natural Fiber Composites Market Revenue Share, By Technology (2021 and 2028)
Figure 26. Injection Molding: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Compression Molding: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Pultrusion: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Others: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. North America Natural Fiber Composites Market Revenue Share, By End User (2021 and 2028)
Figure 31. Automotive & Aerospace: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Building & Construction: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Electrical & Electronics: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 34. Sporting Goods: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 35. Others: North America Natural Fiber Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 36. North America: Natural Fiber Composites Market, by Key Country – Revenue (2021) (US$ Million)
Figure 37. North America: Natural Fiber Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. US: Natural Fiber Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 39. US: Natural Fiber Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Natural Fiber Composites Market–Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Canada: Natural Fiber Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Natural Fiber Composites Market–Volume and Forecast to 2028 (Kilo Tons)
Figure 43. Mexico: Natural Fiber Composites Market–Revenue and Forecast to 2028 (US$ Million)


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