Composites and Advanced Materials

According to a market report by Lucintel, the future of the vulcanized fiber market looks promising with opportunities in the electrical, abrasive, textile, and automotive applications. The global vulcanized fiber market is expected to reach an estimated $2.5 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are growing application of these fiber in the construction and furniture manufacturing industries, increasing consumption of electronics and electrical devices and expansion of automotive industry across the globe.



In this market, commercial grade, electrical grade, trunk grade, bone grade, abrasive grade, flexible grade, and others are the major grade segments. Lucintel forecasts that commercial grade will remain the largest grade segment over the forecast period due to increasing consumption of vulcanized fiber in various applications, such as insulation, furniture manufacturing, and farming tools.



Within this market, electrical is expected to remain the largest application segment due to the increasing consumption of consumer electronics, such as home appliances, cell phones, laptops, and gaming gadgets, and growing safety concerns regarding electricity wires to reduce electric shocks globally.



North America will remain the largest region due to increasing electronic industry and e presence of furniture manufacturers in the region.

New Process Fibre Company, Atlantic Gasket Corporation, Hokuetsu Toyo Fibre Co, Dante Bertoni Srl, and Sachsenröder are the major suppliers in the global vulcanized fiber market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vulcanized fiber market by grade, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Vulcanized Fiber Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global vulcanized fiber market by grade, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global vulcanized fiber market by grade (commercial grade, electrical grade, trunk grade, bone grade, abrasive grade, flexible grade, and others), application (electrical, abrasive, textile, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?