The Natural Fibers Composite Market size was USD 4.50 Billion in 2022 and it is expected to grow to USD 7.42 billion in 2030 with a CAGR of 7.25 % in the 2023-2030 period.
Technology Adoption:
• Growing adoption of natural fibers composites (NFCs) due to environmental concerns and sustainability.
• Utilization in automotive, construction, aerospace, and consumer goods industries.
• Substitution of traditional materials with NFCs for lightweight and eco-friendly products.