The natural fibre composites market is projected to register a CAGR of 12.31% between 2014 and 2019 to reach $5,838.99 million by 2019, says market research organisation, ReportLinker.
According to a report released by ReportLinker, North America held the largest share in 2013 with the US 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.
It says the key players in the natural fibre composites markets are divided into two groups, natural fibre composites manufacturers/formulators and natural fibre composites suppliers. Flexform Technologies, Technaro, Procotex Corporation, Greengran are the chief natural fibre composites manufacturers whereas Stemergy, Bast Fiber, Crailar, and so on, are the key natural fibre composites suppliers in this market. The report explains that these companies showed significant presence among other players in the fragmented natural fibre composites market.
The report claims that agreements & partnerships was the most preferred strategy among the key players in the natural fibre composites market, globally. The key players are enhancing their product portfolio and regional reach by entering into various agreements and participating in product showcases. It says that many companies, offering natural fibre 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.
The full report can be obtained here – http://www.reportlinker.com/p02586824-summary/view-report.html
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