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> volume<br />
per capita (lbs/capita) 2010<br />
<strong>Natural</strong> <strong>Fiber</strong> <strong>Composites</strong> Potential in Different Regions<br />
Notes:<br />
<strong>Natural</strong> <strong>Fiber</strong> <strong>Composites</strong> potential in different regions<br />
4<br />
4<br />
3<br />
3<br />
2<br />
2<br />
1<br />
1<br />
0<br />
-1<br />
Europe<br />
• Others includes Asia and rest of the world<br />
North America<br />
0 Others 10 20 30 40 50<br />
GDP per capita ($ thousand/capita)<br />
2010<br />
Source: <strong>Lucintel</strong><br />
• Bubble size represents market size 2010 ($ M)<br />
Market Leader:<br />
• North America is the leader in the<br />
natural fiber composites consumption<br />
followed by the European region<br />
Potential Market:<br />
• European region is potential region<br />
due to increasing awareness and<br />
acceptance of natural fiber<br />
composites by automotive players<br />
• Asian region have significant<br />
potential for growth of composites as<br />
composites per capita is significantly<br />
lower than developed nations<br />
<strong>Creating</strong> the Equation for Growth
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