Vulcanized Fiber Market Size

  • Report ID: 4127
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Vulcanized Fiber Market Size

Vulcanized Fiber Market size is anticipated to reach USD 2 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of vulcanized fiber was over USD 1 Billion. The growth of the market can be attributed to the increasing use of electronics and electrical devices across the world. Worldwide more than 7 billion people use consumer electronics such as smartphones and feature phones as per the estimations in 2023 which accounts for more than 90% of the world’s population. The increasing preference for vulcanized fiber discs owing to the electrical insulation, resistance to heat & cold, high mechanical strength, and high tensile strength is estimated to drive the market growth. The increasing use of laptops, smartphones, and video game players is anticipated to boost the market growth.  

The rising utilization of electric vehicles owing to the increasing prices of fossil fuels across the world is estimated to drive market growth.  As per the reports in 2022, in the U.S. more than 64,000 hybrid electric vehicles were sold with a more than 35% increase from 2021. The increasing use of vulcanized fibers in end-user industries such as architecture, aerospace, and others is anticipated to drive market growth during the forecast period. The rising use of vulcanized fiber discs in stainless steel, cast iron, high-alloy steel, and sheet steel sector for machining is also estimated to propel the market growth across the world. The increasing application of steel in various sectors is estimated to hike market growth.

Vulcanized Fiber Market
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Author Credits:  Rajrani Baghel

  • Report ID: 4127
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing electronics sector and rising use in furniture manufacture are estimated to be the major factors driving the growth of the global vulcanized fiber market during the forecast period.

The market size of the vulcanized fiber is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

Availability of alternatives and high initial cost are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are EMCO Industrial Plastic, Inc., Dynos GmbH, ITEN Industries, ESPE Manufacturing Co., Inc., New Process Fibre Company, Inc., Franklin Fibre Corporation., RH Nuttall Limited, Sachsenroder GmbH & Co. KG, Oliner Fibre Co., Inc., Inher S., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by grade, application, end user, and by region.

The electrical & electronics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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