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Vulcanised fibre sheet is an unique tool of engineering composed of paperboard insulating material. Due of its outstanding electrochemical thermal insulation it is mainly used and provides high mechanical strength, cold resistance, excellent heat, strong arc resistance, as well as high tensile and compressive power. It is resistant to most oils and temperature and can be easily formed with standard tools. It has better moisture resistance than any other paper material. It is environmentally friendly with being highly machinable yet hard and durable at the same time being light weight and possesing excellent electrical properties.
The high demand for electrical & electronics devices such as home appliances, smartphones, laptops, and gaming devices is projected to fuel the demand for vulcanised fibre sheet in the electrical & electronics applications. The high demand for vulcanised fibre sheet is attributed to its toughness, resilience, strength, and lightweight. However, the high cost associated with the manfacturing of vulcanised fiber sheet is expected to restrian the market.
Key Market Driver -
The high demand for electrical & electronics devices drive the market.
Key Market Restraint -
High cost associated with the manufacturing devices confines the industry growth.
Based on product type, the market for vulcanised fibre sheet is further segmented into commercial grade, electrical grade, trunk fiber, bone fiber, wood laminating. Based on application, the market for vulcanised fibre sheet is further segmented into electrical appliances, luggage and sample cases, gaskets and washers, automotive applications, electrical insulation, rubber packaging. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global vulcanised fibre sheet market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the vulcanised fibre sheet market includes RH Nuttall, ITEN Industries, S. R. R. L. Export, Franklin Fibre, Lamitex Corporation, Xuchang Chengrui Insulation Material, Oliner Fiber, ESPE Manufacturing Co., Inc., Fibre Materials Corp, Polymer Plastics, Emco Industrial Plastics and others.
In terms of Geography, the vulcanised fibre sheet market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region dominates the vulcanised fibre market.The increasing manufacture and consumption of electronic devices due to consumers high levels of disposable income and evolving lifestyle trends is a significant factor estimated to boost demand for vulcanised fibre sheet. North America carries a prominent market share. The region controls the vulcanised fibre sheet market both in terms of consumption and output. The requirement for electrical insulation in the regions keeps rising due to rapid industrialization. Expanded use in automotive application also drives the market. It is projected that the European market is experiencing substantial growth due to the increased output of automobile parts and fierce competition for wireless technology combined with the rising surplus income. The Middle East and Africa are expected to face consistent growth due to increasing population and expanded use in the automotive sector. Latin America is seeing considerably slower growth as a result of the small number of producers losing momentum and demand growth due to the impact of strict restrictions by the policymakers.
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