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Natural Fiber Composites Market Size Is Poised To Reach $10.89 Billion By 2024 Business Articles | July 25, 2016
New Market Research Reports Title “Natural Fiber Composites Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global?natural fiber composites market?is expected to reach USD 10.89 billion by 2024, according to a new report by Grand View Research nike air max 180 scontate , Inc. Natural fiber composites are eco-friendly materials used to provide durability and strength to the physical structures used in automotive and construction industries. Rising awareness regarding bio-based green building materials and supportive government regulations are likely to propel growth over the forecast period. Furthermore, increasing population has led to growing demand for residential construction as well as public infrastructure, which is expected to augment growth.?
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Technological advancements in manufacturing processes such as compression molding, injection molding, and extrusion are likely to have a positive impact on growth over the next eight years. Natural fibers are substituting glass and carbon fibers in the recent years due to low costs and improved sustainability. Natural fibers are available in abundance in Europe and Asia Pacific which in turn is expected to propel demand over the next eight years.?
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