At 3.4% CAGR, the Middle East & Africa natural fiber composites market is projected to be worth US$ 166.69 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa natural fiber composites market  was valued at US$ 136.39 million in 2022 and is expected to reach US$ 166.69 million by 2028, registering a CAGR of 3.4% from 2022 to 2028. Increasing demand for natural fiber composites from automotive industry and growing focus on eco-friendly and sustainable products are the critical factors attributed to the Middle East & Africa natural fiber composites market  expansion.

Conventional construction materials are highly resource- and energy-intensive. Hence, owing to the rising concerns and awareness about the social and environmental impacts of conventional building materials, composite manufacturers are shifting toward environment-friendly raw materials such as natural fibers.

The demand for construction materials is increasing with the rising use of technologically advanced processes in construction activities. Initiatives generate demand for construction services, equipment, and materials. However, the growing global construction sector; rising government emphasis on environmental regulations; and increasing ecological, social, and economic awareness prompted an optimal use of natural resources. This has encouraged the utilization of natural fiber-reinforced composite materials for diverse applications in the construction sector. Natural fiber composites have several advantages such as renewability, biodegradability, high strength, low cost, noncorrosive nature, nonhazardous, and manufacturing flexibility, over other composite alternatives. Furthermore, original equipment manufacturers (OEMs) and other major market players are focused on innovating natural fiber reinforcement materials and natural fiber composites for applications in the aviation sector. Thus, rising awareness of green building materials and government support for sustainable solutions fuel the Middle East & Africa natural fiber composites market  growth.

On the contrary, hygroscopicity of natural fiber composites hampers the Middle East & Africa natural fiber composites market.  

Based on raw material, the Middle East & Africa natural fiber composites market is segmented into wood, cotton, flax, kenaf, hemp, and others. The wood segment held 47.5% share of Middle East & Africa natural fiber composites market in 2022, amassing US$ 64.75 million. It is projected to garner US$ 80.54 million by 2028 to expand at 3.7% CAGR during 2022–2028.

Based on technology, the Middle East & Africa natural fiber composites market  is segmented into injection molding, compression molding, pultrusion, and others. The others segment held 44.4% share of Middle East & Africa natural fiber composites market in 2022, amassing US$ 60.50 million. It is projected to garner US$ 72.92 million by 2028 to expand at 3.2% CAGR during 2022–2028.

Based on end user, the Middle East & Africa natural fiber composites market  is segmented into automotive & aerospace, building & construction, electrical & electronics, sporting goods, and others. The automotive & aerospace segment held 36.1% share of Middle East & Africa natural fiber composites market in 2022, amassing US$ 49.23 million. It is projected to garner US$ 60.05 million by 2028 to expand at 3.4% CAGR during 2022–2028.

Based on country, the Middle East & Africa natural fiber composites market  has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 37.3% share of Middle East & Africa natural fiber composites market in 2022. It was assessed at US$ 50.88 million in 2022 and is likely to hit US$ 63.23 million by 2028, exhibiting a CAGR of 3.7% during the forecast period.      

Key players dominating the Middle East & Africa natural fiber composites market  are Amorim Cork Composites S.A.; Lanxess AG; TECNARO GMBH; and UPM-Kymmene Corp, among others.  

• August 2020, UPM developed a wood-based natural fiber composite with up to 100% renewable resources. UPM Formi EcoAce can replace fossil-based solutions as it is similar in quality and performance to non-renewable alternatives. The material can be used in food contact, personal care, and consumer goods, made by injection molding or extrusion.

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