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Opportunities In Natural Fiber Composites – Creating The - Lucintel

Opportunities In Natural Fiber Composites – Creating The - Lucintel

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Growth Rate<br />

+<br />

+<br />

Growth <strong>Opportunities</strong> of <strong>Natural</strong> <strong>Fiber</strong> <strong>Composites</strong> in various Applications<br />

Key <strong>In</strong>sights<br />

• Demand for natural fiber composites<br />

Automotive<br />

is expected to be high in automotive<br />

and construction applications due to<br />

Building &<br />

construction<br />

• Awareness towards green<br />

product and increasing<br />

E&E<br />

acceptability<br />

• Need of light weighted cost<br />

Sporting<br />

effective products<br />

• Reduce global warming effect<br />

• Governmental supports<br />

–<br />

+<br />

–<br />

• As natural fiber composites are new in<br />

E& E and sporting segments, but it<br />

–<br />

Market Size<br />

Source: <strong>Lucintel</strong><br />

has healthy potential to capture a<br />

good market in near future<br />

<strong>Creating</strong> the Equation for Growth

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