The global natural fiber reinforcement materials market generated $360.97 million in 2020, and is estimated to generate $694.64 million by 2030, witnessing a CAGR of 6.81% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape. Increase in demand …
Tag Archives: Natural Fiber
Natural Fiber Reinforcement Materials Market Investigation Reveals Contribution by Major Companies During the Assessment Period
The key factors that drive the natural fiber reinforcement materials market are growth in demand of natural fibers, especially kenaf, from the automotive industry and rise in environmental concerns among government and consumers. However, the fluctuating raw material prices of natural fibers is expected to hinder the market growth during the forecast period. Moreover, the …
Technical Textile Market is Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2027
The global technical textile industry generated $201.2 billion in $201.2 billion in 2019, and is expected to reach $274.1 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027. Drivers, restraints, and opportunitiesRise in demand for geotextile from the emerging economies and surge in preference for non-woven technical fabric have boosted the growth of the global technical textile market. However, …