Key insights in natural fiber and resins global market being presented at 2nd IICS Bio Materials forum by Lucintel (stand C57) during JEC Composites show 2011

At this year’s JEC Composites 2011 show in Paris, Lucintel Vice President of Consulting, Norman Timmins, will present the Lucintel paper: “Natural Fiber and Resins: Boom or Bust?” on March 30. This paper is presented as part of the show’s 2nd Innovative International Composites Summit (IICS) Bio Materials Forum. Mr. Timmins will also be moderating this forum.

According to Lucintel, a leading global management consulting and market research firm, the global natural fiber composites market reached US $2.1B in 2010. Current indicators are that demand for natural fibers and resins will continue to grow rapidly. Over the last five years the use of natural fiber composites has increased substantially in construction and automotive sectors, with electronic, electrical and consumer goods as emerging market segments. The natural fiber composites market is expected to grow with a CAGR of 10% over the next 5 years (2011-2016).

This analysis by Lucintel is based on in-depth market research of the key players, trends and business indicators for this increasingly important composites materials sector. Some of the positive factors which have the ability to drive natural fiber composites market growth above current projections are: low cost versus petroleum based products, light weight and the fact that they are eco-friendly reinforcement alternatives. More insights will be given during the Lucintel bio based materials forum presentation, highlighting key global trends and opportunities for natural fiber composites.

Additionally, Lucintel will also give a technical presentation on the 30th March in the open forum entitled: “Global Composites: Key Trends & Market Opportunities for Strategic Growth”. Lucintel has a stand at JEC Composites 2011 (C57), giving show visitors the opportunity to see the latest composites and renewable energy case studies and discuss their market research or strategic consulting needs in more detail. On the Lucintel stand, along with Mr. Timmins, will also be Lucintel’s CEO Dr. Sanjay Mazumdar and Mr. Nigel O’Dea, European business development manager, composites & chemicals. To book a meeting during the show or to find out more, go on line to www.lucintel.com, e-mail helpdesk@Lucintel.com , telephone +1-972-636-5056, or fax: +1-877-883-5140.

Contact:
Roy Almaguer, +1-972-636-5056 or via email at helpdesk@lucintel.com.