A new research study titled “Global Market Study on Agrifiber Products: Commercial Application Segment to Grow at a Significant CAGR During 2017 – 2025” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global agrifiber products market is projected to grow at 6.5% CAGR during the assessment period, and reach a valuation of over US$ 2 Bn by the end of the forecast period.
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The report offers detailed analysis on the key factors that are driving the growth of the market. An analysis on the key challenges for manufacturers has also been included in the report. Readers will also gain an understanding on the key opportunities and trends that are impacting the growth of the market. According to the report, growth of the construction sector, along with increasing emphasis on green buildings is likely to provide an impetus to market growth during the assessment period.
In the report, the global market has been divided into various segments and sub-segments to cover all market aspects and these segments are raw material sources, application, product type and region. The segment of raw material sources has been sub-segmented into wheat & rice straw, sunflower husk, coconut husk, sugarcane bagasse and others. The application segment is divided into industrial, institutional, residential and commercial. The product type segment has categorized the global market into flooring, wall panel & boards, door cores, veneer and others (furniture etc.). On the basis of region, the global market is divided into North America, Europe, Latin America, Asia Pacific and Middle East and Africa geographically.
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According to the report, wall panel and boards segment is projected to grow at a high CAGR during the assessment period. By application, demand for residential segment continues to be the highest, with this segment valued at nearly US$ 850 Mn in 2017. By raw material source, wheat and rice straw continue to be lucrative, and are likely to gain traction during the assessment period. Asia Pacific has been observed to be the largest market for agrifiber products globally. The demand for agrifiber products in Asia Pacific is concentrated in China and India.
The report also projects the business and product strategies of some of the leading players in the market. According to the report, some of the major companies profiled in the report are ASSA ABLOY, Masonite, Zelfo Technology GmbH, Chappell Door Company, NAVY ISLAND, INC¸ Agriboard International LLC, DAPROMA AB, TorZo Surfaces, Sind Particle Board Mills Ltd, Wanhua Ecoboard Co.Ltd, Novofibre Panel Board (Yangling) Co., Ltd¸ Lexington Manufacturing Inc, Fifty Door Partners, LLC, STRAWTEC Building Solutions Ltd, KIREI USA, LLC, Lambton Doors and Compakboard Heerenveen B.V.
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