Infinium Global Research has added a new report on Coir
Market. The report presents analysis of global as well as regional
markets of coir market over the period of 2016 to 2024. Coir is a fiber from
the outer husk of the coconut, used in potting compost and for making ropes and
matting. Among vegetable fibers, coir has one of the highest concentrations of
lignin, making it stronger but less flexible than cotton and unsuitable for
dyeing. Coir is widely used in the upholstery industry, and it is a healthy
substitute for processed synthetic rubber. It is also used as a combination
with natural rubber for filling up mattresses, automobile seats, sofas,
settees, and seating systems. Moreover, Coir is used for insulation and it also
finds application in panels, cold storages and food industry. A coconut harvest
occurs once in 45 days. From 1000 coconuts it would be possible to extract 10
kgs of coir.
Growing demand for ecofriendly products and lightweight
properties of coir drives the growth of the global coir market. As it is a
material that occurs in nature it is completely renewable and is therefore
considered an excellent choice for environmental sustainability. Growth in the
end-user industries and the number of bi-products obtained from coir are
boosting the growth of the coir market. However, the use of other natural
fibers and synthetics are likely to restrain the growth of the coir market. Furthermore,
Coir ply has all the properties of phenol-bonded ply with the added strength of
fiber reinforced phenol bonding. This in turn is creating several growth
opportunities for the key players in the coir market. The government is
encouraging private investments in its handloom and coir industries to enhance
productivity and maintain the competitive edge. The policy also proposes to
introduce power looms to promote state-of-the-art units of international
standards.
Among the geographies, the Asia Pacific region is leading the
coir market due to the highest production in India and Srilanka. APAC region is
followed by North America and Europe. India has made considerable efforts to
promote coir industry including establishing an annual International Coir
Festival. The efforts support the market expansion for coir and India hopes to
further increase production by streamlining the fiber collection process to
meet demand. Mainly the coastal region of India, produces around 60% of the
total world supply of white coir fiber, whereas Sri Lanka produces around 36%
of the total world brown fiber output. On the other hand, Coconuts are grown in
more than 93 countries in the world and therefore there is considerable scope
to develop coir industry in further countries. Moreover, the growth matrix
presented by Infinium Global Research identifies the key investment markets in
the near future, this will not only help the companies to understand the
competitive position in the global coir market but also make strategic
decisions to capture the most lucrative markets in the near future. The market
size is presented in terms of value for the historic year 2016 and estimated
for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the
global coir market over the last couple of years, while emerging markets of
Asia-Pacific and Latin America are anticipated to contribute significantly to
the growth in the coir market worldwide.
The report segments the global coir market on the basis of
Processing, Products and Applications.
Global Coir Market by Processing
·
Brown Fibre
·
White Fibre
·
Buffering
·
Bristle Coir
Global Coir Market by Products
·
Coir Fibre
·
Coir Pith
·
Coir Yarn
·
Curled Coir
·
Coir Ply Boards
Global Coir Market by Applications
·
Upholstery-Mattresses
·
Insulation
·
Erosion Control
·
Agriculture
·
Netting
·
Matting
Companies Profiled in the Report
·
Geewin Exim.
·
SMS Exporters
·
Sai Cocopeat Export Private Limited
·
Kumaran Coir
·
Allwin Coir
·
Travancore Cocotuft Pvt. Ltd
·
BENLION COIR INDUSTRIES.
·
Classic Coir
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