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Lucintel Estimates The Natural Fiber Composites Market To Grow With A Cagr Of 11.2%
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The natural fiber composites (NFCs) are used in a variety of markets such as automotive, construction, electrical and electronics, and sporting goods. As a competitor to the traditional materials such as steel, aluminum, and other advanced composite materials, NFCs have gained favor among the OEMs for their performance characteristics such as lighter weight, recyclability, and sound insulation. Variety of resins such as polypropylene, polyurethane, polylactide acid, and epoxy are used in making of NFCs. Polypropylene is the most dominant resin used in the natural fiber composites market.
Automotive industry is the largest consumer of NFC during the trend period and is anticipated to remain the largest application market by 2019 followed by the construction industry. The natural fiber composites are replacing traditionally unreinforced plastic parts in automotive industry and are even used as an alternative to glass fibers. The increasing penetration of the natural fiber composites in automotive interiors to reduce the overall weight of the vehicle in order to achieve better fuel efficiency is the major driving force of the industry. Natural fiber composites are mostly used in door panels, package trays, seat backs and trunk liners in cars and trucks.
The natural fiber composites market is expected to grow at a CAGR of 11.2% during 2014-2019. Europe is representing more than 50% of the global market in 2019 because of the regulations that now require their automobile components to be recyclable. Significant new applications of natural fiber composites are emerging. The renewable energy and consumer goods markets are the new application areas for natural fiber composites. FlexForm Technologies, Tecnaro GmbH, Procotex SA Corporation NV, GreenGran B.V., and FiberGran GmbH & Co. KG., are some of the suppliers of the natural fiber composite materials for various applications. These companies are important players in the composites market because of their innovation and investment in research and development to find new applications for NFCs.
Lucintel, a leading global management consulting and market research firm, has analyzed the global natural fiber composites market by various segments and regions, and has come up with a comprehensive research report “Global Natural Fiber Composites Market 2014-2019: Trends, Forecast, and Opportunity Analysis.” This report provides an analysis of the natural fiber composites market including analysis of the market trends, competitive landscapes, company profiles, emerging trends, and key drivers of the industry growth. The study also includes the global natural fiber composites market forecasts through 2019, segmented by regions, markets, and manufacturing processes as follows:
The global natural fiber composites market segmented by regions:
• North America
• Rest of World
The global natural fiber composites segmented by markets:
• Building and construction
The global natural fiber composites market by manufacturing processes:
• Compression molding
• Injection molding
This 147-page research report will enable you to make confident business decisions in natural fiber composites industry. For a detailed table of contents and pricing information on these timely, insightful reports, click on this link http://www.lucintel.com/reports/chemical_composites/global_natural_fiber_composites_market_2014-2019_trends_forecast_and_opportunity_analysis_june_2014.aspx or contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Market Entry Strategy, Due Diligence and Strategic Growth Consulting. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
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