Сomposites market based on natural fibers – 2020. The market of composites based on natural fibers, actively used in the automotive industry and a number of other industry segments, will grow by 8.2% up to 2020. This forecast was voiced by the company Lucintel based analysis. It is noted that growth in demand will be the main driver of growth of the market for light and environmentally sustainable composite materials used in industries such as automotive, construction industry, and a number of others.
The market composites based on natural fibers play a key role materials such as hemp, flax, jute and others, used as a reinforcing element and polypropylene, polyethylene and polylactide used as a template.
As already noted, Lucintel predicts that the demand for natural fiber composites, likely will have a fairly good growth rate, primarily by automakers. Moreover, this segment will see an increase in consumption both in value and in volume. It will be observed due to the tightening of the rules and requirements for various types of environmental standards, including on the subject of harmful emissions produced by the vehicle in motion.
Europe is expected to remain (in the forecast period up to 2020) the largest geographical segment of the world market of composites based on natural fibers. Actually, this is where the highest activity is observed by the local supervisory and regulatory bodies in the field of ecology.
The highest rates of growth of the world market will be observed in the Asia-Pacific region. This is due to a higher rate of growth of production of cars and other equipment and products, wherein said composites are used.
As for the market in general, experts predict nauko- growth and capital intensity of the industry that will improve the strength characteristics and consumer properties of composite materials based on natural fibers. In turn, this will not only enhance the penetration of this category of materials in the practical application of the sector, but also to expand the scope of potential industry consumers.
In conclusion, we note that the main suppliers of bio-composites today are such companies as: FlexForm Technologies, Procotex Corporation SA, GreenGran BV and FiberGran GmbH & Co.
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