Coir Market: Increased Use of Rubberized Coir in Automobile Industry Fare Well for Robust Growth

Published: Mon Jul 15 2019

Rising environmental awareness has fueled a paradigm shift towards framing material harmonious to the environment. With outstanding elongating properties and high tensile strength, coir has been indispensable as an engineering material. Further, low cost, biodegradability and low density have made coir popular among stakeholders. These actionable insights are according to the intelligence report, titled, "Global Market Study on Coir Market: Coco Coir to Observe Substantial Demand Growth in Forthcoming Years," which has been of late added to Market Research Hub’s (MRH) ever-expanding repository. The use of coir in hydroponics owing to water absorption attributes further signify the development of coir market. Different coir products are designed for hydroponics farming, such as coir pith bricks, coir pith blocks, grow bags, namely. Moreover, hydroponics has come up as an apt solution for areas where cultivation of crops is arduous owing to unavailability of soil. As such, use of hydroponics in desert areas to grow crops underscore the growth of coir market. Use of rubberized coir in the automobile industry allude the inclination of automakers towards sustainability. Nevertheless, coir fiber is widely being used for wood and coir pith is being used as a substitute for peat moss. Accordingly, use of coir for sustainability is expected to fare well for the growth of the market.

South Asia spearhead the coir market with India and Sri Lanka exhibiting their dominance in the export of coir products and coir fibers respectively. Nevertheless, India, Sri Lanka, Indonesia and Vietnam are frontrunners in the coconut production globally.

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Coir Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the coir market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the coir market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on coir.

The report also reveals benchmarking that provides assessment on the solution, products, and business process. Further, benchmarking delineates strategies of competitors— both within and outside the industry so that company can have fair understanding of the potential steps that might be taken by rivals in the market.

A deep-dive and insightful analysis of the competitive landscape of the coir market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the coir market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

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Coir Market: Research Methodology

Primary research and secondary research accentuate insightful report on coir market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.

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