Lucintel’s latest market report analyzed that vulcanized fiber provides attractive opportunities in the electrical, abrasive, textile, and automotive applications. The vulcanized fiber market is expected to reach $2.5 billion by 2028 with a CAGR of 5.1%. In this market, commercial grade is the largest segment by grade, whereas electrical is largest by application.
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Based on grade, the vulcanized fiber market is segmented into commercial grade, electrical grade, trunk grade, bone grade, abrasive grade, flexible grade, and others. The commercial grade segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing consumption of vulcanized fiber in various applications, such as insulation, furniture manufacturing, and farming tools.
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The Vulcanized Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering vulcanized fiber include New Process Fibre Company, Atlantic Gasket Corporation, Hokuetsu Toyo Fibre Co, Dante Bertoni Srl, and Sachsenröder.
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