Natural Fiber Reinforced Composites Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Natural Fiber Reinforced Composites Market Analysis:

During the forecast period, the natural fiber-reinforced composites market is projected to experience a CAGR of 8.39%, increasing from 4,081.05 kilo tons in 2023 to 6,104.85 kilo tons by 2028. The market growth will be driven by the rising demand for eco-friendly composites in the electronics industry and the increasing demand for bio-based composites. However, the market may face challenges due to moisture adsorption, restricted processing temperature, incompatibility with most polymer matrices, and lower impact resistivity compared to glass fiber-reinforced composites. Despite these challenges, the flame retardancy of natural fiber-reinforced polymer composites is expected to create new opportunities for the market. The Asia-Pacific region dominates the market and is expected to witness the highest CAGR during the forecast period, owing to the rapid increase in expenditure on the construction industry.

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