Vulcanized Fiber Market Analysis 2020- CAGR Status, Size, Share and Forecast To 2023
Market Insights Vulcanized Fiber Market is estimated to be valued at USD 1795.9 million by 2023 and is expected to register a CAGR of 4.62% during the forecast period. The commercial grade type segment dominated the global market as it offers excellent mechanical and electrical properties. It is also known as mechanical grade vulcanized fiber. It is strong, robust, resistant to oils, most of the solvents, and gasoline. It is an electrical grade insulating material capable of withstanding temperatures up to 115°C. The growth of the electrical application segment is attributed to the high punching resistance, high surface resistance, anti-static, lightweight, and excellent electrical insulation of vulcanized fiber. The segment accounted for over 37% of the global market share in 2017 and is projected to register a CAGR of 5.34% during the assessment period. Global Market for Vulcanized Fiber : Competitive Dashboard Emco Industrial Plastics Dynos GmbH ...