Report ID: 10085608 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Vulcanized Fiber Market Highlights Over 2022- 2031
The global vulcanized fiber market is estimated to grow at a ~6% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a notable revenue in 2021. The growth of the market can be attributed to the features of the vulcanized fibers, such as flexibility, high durability, adaptability, lightweight nature, and others. Moreover, there has been growth in the automobile sector, and vulcanized fiber is used in the manufacturing process of automobiles. According to the statistics by the International Energy Agency (IEA), global car sales have increased from 15 million in 2005 to 41 million in 2020. Moreover, there has been support from the government to apply vulcanized fiber to electrical appliances owing to its environmentally friendly nature.
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The global vulcanized fiber market is segmented by application into electronics, furniture, automotive, and others. Out of which, the automotive segment is expected to hold the largest share over the forecast period in the global vulcanized fiber market. This can be attributed to the increase in the demand for automobiles by consumers and a surge in the number of automobiles manufactured per annum. Furthermore, vulcanized fiber can also be used for the production of light weight cars, and it is expected to drive the growth of the automobile segment.
Global Vulcanized Fiber Market Regional Synopsis
Regionally, the global vulcanized fiber market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of an increase in foreign direct investment in the automobile sector. Furthermore, as per the India Brand Equity Foundation, India received a cumulative equity FDI inflow of approximately USD 30.78 billion from April 2000 to September 2021. Moreover, the automobile sector is expected by the government of India to attract USD 8-10 billion in foreign and local investment by 2023. In addition, there is a surge in demand from customers for Chinese and Japanese automobiles across the globe, which is also projected to drive the growth of the market in the region.
Market Segmentation
Our in-depth analysis of the global vulcanized fiber market includes the following segments:
By Application
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Electronics
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Furniture
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Automotive
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Others
By Type
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Electrical
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Trunk & Bone Fiber
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Commercial
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Others
Growth Drivers and Challenges Impacting the Growth of the Global Vulcanized Fiber Market
Growth Drivers
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Environmentally friendly nature of the vulcanized fiber
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Growth in the automobile sector
Challenges
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High cost of the vulcanized fiber
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Availability of low-cost alternatives
Key Companies Dominating the Global Vulcanized Fiber Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global vulcanized fiber market that are included in our report are Lamitex S.p.A., Emco Industrial Plastics, LLC, Thrust Industries, Dynos GmbH, Franklin Fibre Corporation, Jindal Stainless Limited, RH Nuttall, ESPE Manufacturing Co., Inc., Oliner Fibre Co., Inc., Hokuetsu Toyo Fibre Co., Ltd., and others.
Latest Developments in the Global Vulcanized Fiber Market:
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23 October 2019: Jindal Stainless Limited announced the signing of Memorandum of understanding with Braithwaite & Co Limited to develop stainless steel road- over-bridges and foot-over-bridges.
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2 October 2019: RH Nuttall announced the investment in latest machine technology for their staff and customers. Moreover, the company has invested in two built-to-order automatic travelling head machines to maintain position and reputation within the non-metallic gaskets trade.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by type, application, and by region.
The automotive segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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Report ID: 10085608 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
