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 …
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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 …