The natural fiber composites market is projected to register a CAGR of 12.31% between 2014 and 2019 to reach $5,838.99 million by 2019. North America held the largest share in 2013 with the U.S. being the leading country. In the less explored markets of Asia-Pacific and Oceania, high growth is expected while the highly developed North American and European regions are predicted to show moderate to high growth. Growth in the North American region is expected to be from the increase in building & construction because of low interest rate on housing loan given by the government.
The key players in the natural fiber composites markets are divided into two groups, natural fiber composites manufacturers/formulators and natural fiber composites suppliers. Flexform Technologies, Technaro GmbH, Procotex S.
Read full report: https://www.globalmarketreports.com/natural-fiber-composites-market-by-applications-automotive-building-and-construction-electrical-and-electronics-and-others-by-manufacturing-processes-compression-molding-injection-molding-and-others-and-by-region-north-america-europe-asia-pacific-and-rest-of-the-world-global-trends-and-forecasts-to-2019-23251
Flexform Technologies, Technaro GmbH, Procotex S.A. Corporation NV, Greengran B.V are the chief natural fiber composites manufacturers whereas Stemergy, Bast Fiber LLC, Crailar, and so on, are the key natural fiber composites suppliers in this market. These companies showed significant presence among other players in the fragmented natural fiber composites market.
Agreements & partnerships was the most preferred strategy among the key players in the natural fiber composites market, globally. The key players are enhancing their product portfolio and regional reach by entering into various agreements and participating in product showcases.
Many companies, offering natural fiber composites, are actively trying to increase their product portfolio and regional presence to cater to different regional markets. They are primarily focused on entering the less explored markets in the developing regions.
Global Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 100,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.