Based on current analysis, the global marine composites market was valued at USD 4,216.3 Million in 2020 and is expected to reach USD 7,024.6 Million by 2028, at a CAGR of 6.5% Natural Fiber Composites (NFC)s provide excellent strength to weight ratios, make materials resistant to corrosion, require low maintenance cost and improves flexibility. North America is dominating the Natural Fiber Composites (NFC)s market and is likely to remain the revenue-generating region during the forecast period. Composite materials are those materials in which strengthening materials like carbon fibers, fiberglass, or aramid fibers are reinforced in a resin to make a much stronger material with improved material properties for different applications. They offer higher strength to weight ratio than traditional wood or steel material structures and can require less skill to generate a significant exterior. Natural Fiber Composites (NFC)s are consumed in resins and fibers to impart their workable strength and advance their properties. Minimized manufacturing cost due to technological innovations and developments is presumed to further progress the global Natural Fiber Composites (NFC)s market growth. The Natural Fiber Composites (NFC)s market is also boosted owing to the robust requirements for Natural Fiber Composites (NFC)s in subsea applications worldwide. In addition, rising concern for emissions of greenhouse effects is likely to propel the overall market development. On the other hand, expensive production prices may hamper the growth and development of the market. Acceptance of new technological advancements for the development of products for Natural Fiber Composites (NFC)s is projected to provide new growth opportunities to the Natural Fiber Composites (NFC)s market in the forthcoming years.
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Top Companies Operating in the Global Natural Fiber Composites (NFC) Market:
Owens Corning, SGL Group – The Carbon Company, TORAY INDUSTRIES, INC., Cytec Solvay Group, Mitsubishi Chemical Corporation. TEIJIN LIMITED., Hexcel Corporation, HYOSUNG, Gurit (UK), ZOLTEK, Premier Composite Technologies (PCT), Aeromarine Industries Ltd, Airborne, Composites One, Hexion, Marine Concepts / Design Concepts, Fleming Natural Fiber Composites (NFC)s
Global Natural Fiber Composites (NFC) Market Report: Table of Contents
Report Overview:
- Research Scope
- Key market segments
- Leading market players
- Market segmentation based on the type
- Market segmentation based on application
- Market segmentation based on region
- Key learning objectives
- Report timeline
Market Segmentation:
- Global Natural Fiber Composites (NFC) market sales by product type
- Global Natural Fiber Composites (NFC) market revenue by application
Competitive Outlook:
- Global Natural Fiber Composites (NFC) market size by the manufacturer
- Global Natural Fiber Composites (NFC) market key players
- Products/solutions/services by the major players
- Newmarket entrants
- Mergers, acquisitions, joint ventures, and expansion strategies
Natural Fiber Composites (NFC) Market Segmentation
Fiber Type (Revenue, USD Million; 2020–2028)
- Glass Fiber
- Carbon Fiber
- Aramid
- Natural Fibers
- Others
Resin Type (Revenue, USD Million; 2020–2028)
- Polyester
- Vinyl Ester
- Epoxy
- Thermoplastic
- Phenolic
- Acrylic
- Others
Composite Type (Revenue, USD Million; 2020–2028)
- Polymer Matrix Composite (PMC)
- Ceramic Matrix Composite (CMC)
- Metal Matrix Composite (MMC)
- Other
Vessel Type (Revenue, USD Million; 2020–2028)
- Power Boats
- Sailboats
- Cruise Ships
- Cargo Vessels
- Naval Boats
- Jet Boats
- Personal Watercraft
- Others
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East Africa)
Key Objectives of the Study:
- Detailed segmentation of the global Natural Fiber Composites (NFC) market
- A comprehensive study of the leading segments of the Natural Fiber Composites (NFC) market
- In-depth analysis of the unprecedented impact of COVID-19 on the Natural Fiber Composites (NFC) industry
- Detailed assessment of the product portfolios of the key market players, as well as their regional market presence
- Strategic recommendations for readers to help them formulate effective strategies for business growth
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