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Natural Fiber Composites Market by Type (Wood, Non-wood), by Manufacturing Process (Compression molding, Injection molding, Extrusion) by Application (Building and Construction, Automotive, Electronics and electricals) and Region, Global trends and forecast from 2022 to 2029

The Natural Fiber Composites Market is expected to grow at 11.68 % CAGR from 2022 to 2029. It is expected to reach above USD 7.4 USD billion by 2029 from USD 2.74 billion in 2020.
Segment Analysis
Natural fiber composites market is segmented into type, manufacturing process and application.

Based on the type, market is divided into wood and non-wood. The wood segment accounted for the largest market share. This is because wood fibers are the most commonly used natural fibers in the composite industry due to their abundance, low cost, and excellent mechanical properties. Wood-based natural fiber composites are used in a wide range of applications, including building and construction, automotive, furniture, and consumer goods.

Market Players
The Natural Fiber Composites market key players include Trex Company Inc., UPM Biocomposites, The AZEK Company LLC, FlexForm Technologies LLC, GreenCore Composites, Green Dot Bioplastics Inc., Procotex Corp SA, Polyvlies Franz Beyer GmbH, Amorim Cork Composites SA, NPSP BV, Tecnaro Gmbh, and others.

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