The study involves two major activities in estimating the current market size for the natural fiber composites market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering natural fiber composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the natural fiber composites market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the natural fiber composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from natural fiber composites industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, resin type, manufacturing process, end-use industry, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are seeking natural fiber composite services, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of natural fiber composites and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The research methodology used to estimate the size of the natural fiber composites market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on the demand for natural fiber composites in different end-use industries at a regional level. Such procurements provide information on the demand aspects of the natural fiber composites industry for each application. For each end-use, all possible segments of the natural fiber composites market were integrated and mapped.
![Natural Fiber Composites Market Top Down and Bottom Up Approach Natural Fiber Composites Market](/Images/natural-fiber-composites-market-Top-Down.webp)
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Natural fiber composites are fabricated from natural fibers reinforced with polymer matrix, such as polypropylene, polyethylene, epoxy, and polyester. These natural fiber composites are non-wood composite fibers comprising flax, jute, hemp, kenaf, sisal, coir, etc. Natural fibers are low-cost fibers with low density and high specific properties. Owing to their low density and outstanding mechanical properties, natural fiber composites have piqued the interest of many researchers to replace synthetic fibers for fabricating fiber reinforced polymer composites for various end-use industries, such as building & construction, automotive, electrical & electronics, and consumer goods.
Stakeholders
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Natural Fiber Composites Manufacturers
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Natural Fiber Distributors and Suppliers
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End-use Industries
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Universities, Governments, and Research Organizations
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Associations and Industrial Bodies
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R&D Institutes
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Environmental Support Agencies
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Investment Banks and Private Equity Firms
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Research and Consulting Firms
Report Objectives
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To define, describe, and forecast the natural fiber composites market size in terms of volume and value
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To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
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To analyze and project the global natural fiber composites market by type, by resin type, by manufacturing process, end-use industry, and region
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To forecast the market size concerning four main regions (along with country-level data), namely, North America, Europe, Asia Pacific, and Rest of the World, and analyze the significant region-specific trends
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To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
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To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
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To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
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To strategically profile the key market players and comprehensively analyze their core competencies
Rajib
Jan, 2019
Interested in Jute and Kenaf reports with automotive end-use covered.
Apr, 2017
General information on Natural Fiber Composites Market.
kiran
Feb, 2019
Report on natural fiber composites mainly giant nettle or hemp fiber .
Luana
Apr, 2018
General information on natural fibers market.
Siobhan
May, 2019
Looking for companies for ecocomp conference.
Nazmy
Aug, 2015
Natural fiber composites market report .
DHANAKODI
Jan, 2017
Detailed information on Natural Fibre Composite Market.
Julyane
Jan, 2017
Sample for Nanocomposites market.