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South & Central America Natural Fiber Composites Market Forecast to 2028- COVID-19 Impact and Regional Analysis- by Raw Material (Wood, Cotton, Flax, Kenaf, Hemp, and Others), Technology (Injection Molding, Compression Molding, Pultrusion, and Others), and End User (Automotive & Aerospace, Building & Construction, Electrical & Electronics, Sporting Goods, and Others)
Market Report I 2023-08-22 I 113 Pages I The Insight Partners
The South & Central America natural fiber composites market is expected to grow from US$ 81.28 million in 2022 to US$ 101.50 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.
Applications of Natural Fiber Composites in Sporting Goods Applications Fuels South & Central America Natural Fiber Composites Market
Sports goods' manufacturers are focused on innovative materials development and structural design engineering of hockey sticks, badminton and tennis racquets, golf clubs, skis, and other sporting goods. Natural fiber-reinforced composite materials have several properties such as lightweight, high strength, design flexibility, and easy processing and forming characteristics. Therefore, they have a broad range of applications in the sporting goods industry. Natural fiber composites' manufacturers produce lightweight products for several sports applications. Composite material designed and developed for outdoor gear is expected to have properties such as high strength and lightweight and meet customer safety regulations.
Flax fiber composites have inherent dampening properties and vibration control that make them an optimum choice of material for sports products used in skiing, biking, tennis, golf, paddling, and badminton. In 2022, Babolat partnered with Eco-Technilin to develop flax fiber reinforced composites for application in high-performance sport goods. The flax fibers were incorporated into the structure of a tennis racquet range of Pure Aero racquets to offer vibration-reducing performance. In 2022, Hexcel Corporation launched HexPly Nature range of natural fiber composites made from natural fiber reinforcement and bio-derived resin suitable for winter sports applications. Therefore, the utilization of various natural fiber composites in sporting goods applications, owing to biodegradability and high-performance properties, is expected to create lucrative opportunities for the South & Central America natural fiber composites market during the forecast period.
South & Central America Natural Fiber Composites Market Overview
The natural fiber composites market growth in Brazil and Argentina is attributed to the surging urbanization and the increasing number of construction projects. Natural fiber composites are widely used in the construction and automotive sectors as these are feasible for low-cost structural components and eco-friendly alternatives compared to conventional structural materials. Furthermore, the governments of various countries in South & Central America are focusing on developing infrastructure projects, which is expected to boost the demand for natural fiber composites in the construction industry during the forecast period. The noticeable presence of automotive companies in Brazil and Argentina and the rise in sales of vehicles are propelling the sales of natural fiber composites in the region. According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, auto production in Brazil rose by 11.4%, and sales boosted by 10.9% during February-March 2022. Moreover, major market players in the automotive sector have strategized development and expansion of their operational capacities in South & Central America to tap the lucrative automotive market. In 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. Moreover, the increasing presence of automotive, electronics, and consumer goods companies and the rising sales of end-use products are expected to boost the South & Central America natural fiber composites market during the forecast period.
South & Central America Natural Fiber Composites Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Natural Fiber Composites Market Segmentation
The South & Central America natural fiber composites market is segmented into raw material, technology, end user, and country
Based on raw material, the South & Central America natural fiber composites market is segmented into wood, cotton, flax, kenaf, hemp, and others. The wood segment held the largest share of the South & Central America natural fiber composites market in 2022.
Based on technology, the South & Central America natural fiber composites market is segmented into injection molding, compression molding, pultrusion, and others. The others segment held the largest share of the South & Central America natural fiber composites market in 2022.
Based on end user, the South & Central America natural fiber composites market is segmented into automotive & aerospace, building & construction, electrical & electronics, sporting goods, and others. The automotive & aerospace segment held the largest share of the South & Central America natural fiber composites market in 2022.
Based on country, the South & Central America natural fiber composites market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the share of the South & Central America natural fiber composites market in 2022.
Amorim Cork Composites S.A.; Lanxess AG; TECNARO GMBH; and UPM-Kymmene Corp are the leading companies operating in the South & Central America natural fiber composites market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Natural Fiber Composites Market, by Raw Material
1.3.2 South & Central America Natural Fiber Composites Market, by Technology
1.3.3 South & Central America Natural Fiber Composites Market, by End User
1.3.4 South & Central America Natural Fiber Composites Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South & Central America Natural Fiber Composites Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Natural Fiber Composites' Manufacturing Process:
4.3.3 Distributors or Suppliers:
4.3.4 End Users
4.4 Expert Opinion
5. South & Central America Natural Fiber Composites Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Natural Fiber Composites from Automotive Industry
5.1.2 Growing Focus on Eco-Friendly and Sustainable Products
5.2 Market Restraints
5.2.1 Hygroscopicity of Natural Fiber Composites
5.3 Market Opportunities
5.3.1 Applications of Natural Fiber Composites in Sporting Goods Applications
5.4 Future Trends
5.4.1 Development of Natural/Synthetic Fiber-Based Hybrid Composites
5.5 Impact Analysis
6. Natural Fiber Composites - South & Central America Market Analysis
6.1 South & Central America Natural Fiber Composites Market Overview
6.2 South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
6.3 South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Natural Fiber Composites Market Analysis - By Raw Material
7.1 Overview
7.2 South & Central America Natural Fiber Composites Market, By Raw Material (2021 and 2028)
7.3 Wood
7.3.1 Overview
7.3.2 Wood: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Wood: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Cotton
7.4.1 Overview
7.4.2 Cotton: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Cotton: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Flax
7.5.1 Overview
7.5.2 Flax: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.5.3 Flax: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Kenaf
7.6.1 Overview
7.6.2 Kenaf: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.6.3 Kenaf: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Hemp
7.7.1 Overview
7.7.2 Hemp: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.7.3 Hemp: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.8.3 Others: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Natural Fiber Composites Market Analysis - By Technology
8.1 Overview
8.2 South & Central America Natural Fiber Composites Market, By Technology (2021 and 2028)
8.3 Injection Molding
8.3.1 Overview
8.3.2 Injection Molding: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Compression Molding
8.4.1 Overview
8.4.2 Compression Molding: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Pultrusion
8.5.1 Overview
8.5.2 Pultrusion: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Natural Fiber Composites Market Analysis - By End User
9.1 Overview
9.2 South & Central America Natural Fiber Composites Market, By End User (2021 and 2028)
9.3 Automotive & Aerospace
9.3.1 Overview
9.3.2 Automotive & Aerospace: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Building & Construction
9.4.1 Overview
9.4.2 Building & Construction: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Electrical & Electronics
9.5.1 Overview
9.5.2 Electrical & Electronics: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Sporting Goods: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Natural Fiber Composites Market - Country Analysis
10.1 Overview
10.1.1 South & Central America Natural Fiber Composites Market, by Key Country-Revenue (2021) (US$ Million)
10.1.2 South & Central America Natural Fiber Composites Market, by Key Country
10.1.2.1 Brazil: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
10.1.2.2 Brazil: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Brazil: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.2.2 Brazil: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.2.3 Brazil: South & Central America Natural Fiber Composites Market, by Technology
10.1.2.2.4 Brazil: South & Central America Natural Fiber Composites Market, by End User
10.1.2.3 Argentina: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
10.1.2.4 Argentina: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 Argentina: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.4.2 Argentina: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.4.3 Argentina: South & Central America Natural Fiber Composites Market, by Technology
10.1.2.4.4 Argentina: South & Central America Natural Fiber Composites Market, by End User
10.1.2.5 Rest of South & Central America: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
10.1.2.6 Rest of South & Central America: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.6.2 Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Raw Material
10.1.2.6.3 Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Technology
10.1.2.6.4 Rest of South & Central America: South & Central America Natural Fiber Composites Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 UPM-Kymmene Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Lanxess AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Amorim Cork Composites SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TECNARO GMBH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
Table 2. South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Natural Fiber Composites Market, by Raw Material - Volume and Forecast to 2028 (Kilo Tons)
Table 4. Brazil: South & Central America Natural Fiber Composites Market, by Raw Material - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: South & Central America Natural Fiber Composites Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: South & Central America Natural Fiber Composites Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South & Central America Natural Fiber Composites Market, by Raw Material - Volume and Forecast to 2028 (Kilo Tons)
Table 8. Argentina: South & Central America Natural Fiber Composites Market, by Raw Material - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: South & Central America Natural Fiber Composites Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: South & Central America Natural Fiber Composites Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Raw Material - Volume and Forecast to 2028 (Kilo Tons)
Table 12. Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Raw Material - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South & Central America: South & Central America Natural Fiber Composites Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South & Central America: South & Central America Natural Fiber Composites Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, South & Central America Natural Fiber Composites Market
LIST OF FIGURES
Figure 1. South & Central America Natural Fiber Composites Market Segmentation
Figure 2. South & Central America Natural Fiber Composites Market Segmentation - By Country
Figure 3. South & Central America Natural Fiber Composites Market Overview
Figure 4. South & Central America Natural Fiber Composites Market, By Raw Material
Figure 5. South & Central America Natural Fiber Composites Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: South & Central America Natural Fiber Composites Market
Figure 8. Expert Opinion
Figure 9. South & Central America Natural Fiber Composites Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Natural Fiber Composites Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 11. South & Central America Natural Fiber Composites Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. South & Central America Natural Fiber Composites Market Revenue Share, By Raw Material (2021 and 2028)
Figure 13. Wood: South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Wood: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Cotton : South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Cotton : South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Flax: South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Flax: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Kenaf: South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Kenaf South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. Hemp: South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Hemp South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: South & Central America Natural Fiber Composites Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 24. Others South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. South & Central America Natural Fiber Composites Market Revenue Share, By Technology (2021 and 2028)
Figure 26. Injection Molding: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Compression Molding: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. Pultrusion: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. Others: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 30. South & Central America Natural Fiber Composites Market Revenue Share, By End User (2021 and 2028)
Figure 31. Automotive & Aerospace: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 32. Building & Construction: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 33. Electrical & Electronics: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 34. Sporting Goods: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 35. Others: South & Central America Natural Fiber Composites Market - Revenue and Forecast To 2028 (US$ Million)
Figure 36. South & Central America Natural Fiber Composites Market, by Key Country-Revenue (2021) (US$ Million)
Figure 37. South & Central America Natural Fiber Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. Brazil: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Brazil: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Argentina: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Argentina: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of South & Central America: South & Central America Natural Fiber Composites Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 43. Rest of South & Central America: South & Central America Natural Fiber Composites Market -Revenue and Forecast to 2028 (US$ Million)
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