Opportunities In Natural Fiber Composites â Creating The - Lucintel
Opportunities In Natural Fiber Composites â Creating The - Lucintel
Opportunities In Natural Fiber Composites â Creating The - Lucintel
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<strong>Natural</strong> <strong>Fiber</strong> <strong>Composites</strong> Trend and Forecast 2005 - 2016<br />
<strong>Natural</strong> <strong>Fiber</strong> <strong>Composites</strong> Trend & Forecast<br />
2005 – 2016 ($M)<br />
Key <strong>In</strong>sights<br />
• <strong>Natural</strong> fiber composites has experienced<br />
healthy growth in last five years<br />
+15%<br />
2,171<br />
+10%<br />
3,805<br />
• <strong>Natural</strong> fiber composites market is divided<br />
into two segment - wood fiber and non-woo<br />
d fibers<br />
• Automotive is the largest segment for<br />
non-wood fibers, whereas constructio<br />
n is for wood fibers<br />
Notes:<br />
1,086<br />
2005 2010 2016<br />
Source: <strong>Lucintel</strong><br />
• Market includes wood and non wood natural fiber composites<br />
market<br />
• Europe is the largest region for Automotive<br />
applications and North America is the<br />
largest region for Building & Construction a<br />
pplications<br />
• <strong>Natural</strong> fiber composites are new materials<br />
for E&E and Sporting goods applications<br />
• Environmental concerns are making natural<br />
fiber composites suitable in various new<br />
applications<br />
<strong>Creating</strong> the Equation for Growth<br />
15
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