Research Nester published a report titled “Vulcanized Fiber Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global vulcanized fiber market in terms of market segmentation by grade, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

The global vulcanized fiber market is expected to garner a CAGR of ~5% over the forecast period. The market is segmented by application into electrical & electronics insulation, furniture manufacturing, farming tools, and others, out of which, the electrical & electronics insulation is estimated to acquire a larger share during the forecast period, as vulcanized fiber is utilized for insulating electronics cables. The growing demand for electrical and electronics appliances is expected to positively impact the growth of the segment.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-4127

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-4127

The global vulcanized fiber market is estimated to grow during the forecast period on the back of escalating demand for electrical insulation and furniture. Moreover, the demand for electric cars is increasing worldwide, which is the reason the global vulcanized fiber market is projected to thrive over the forecast period. Also, the vulcanized fiber is utilized for other purposes, such as, making farming tools, aerospace and defense parts, plumbing, and marine components. On the back of this, the global vulcanized fiber market is projected to grow significantly during the forecast period.

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, out of which the North America region is estimated to witness significant growth over the forecast period. This can be accounted to the rising electronics industry in the region. Moreover, growing adoption of EVs in the North America region is projected to influence the growth of the global vulcanized fiber market over the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.

Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-4127

Increasing Demand for Electric Vehicles to Boost the Growth of Vulcanized Fiber Market

According to the data released by International Energy Agency, sales of electric cars reached up to 2.1 million in 2019.

With the increase in the demand for electronics & electrical appliances, the demand for vulcanized fiber is also increasing. The global vulcanized fiber market is estimated to grow during the forecast period on the back of rising demand for electrical vehicles. In the quest to decrease pollution and rising petroleum prices, people are preferring electric vehicles. On account of this, the global vulcanized fiber market is projected to grow over the forecast period.

However, the availability of close substitutes is expected to operate as a key restraint to the growth of the global vulcanized fiber market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global vulcanized fiber market which includes company profiling of 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., and Inher S.A. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global vulcanized fiber market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-4127

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: [email protected]
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]