According to DataHorizzon Research, The vulcanized fiber market size was valued at USD 1.7 Billion in 2023 and is expected to reach a market size of USD 2.7 Billion by 2032 at a CAGR of 5.3%.

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Vulcanized fiber has excellent mechanical properties, electrical insulation, and resistance to wear and tear, and has widespread applications in sectors such as electrical and electronics, automotive, aerospace, and construction. The rising demand for lightweight, durable, and eco-friendly materials has been a key factor propelling the market growth.