Market Overview:
The global acrylic and modacrylic fibers market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for acrylic and modacrylic fibers from the garment industry, home textiles, and other applications. North America is expected to lead the global acrylic and modacrylic fibers market during the forecast period, followed by Europe. Asia Pacific is projected to be the fastest growing region in terms of CAGR during 2018-2030.
Product Definition:
Acrylic and Modacrylic Fibers are synthetic fibers which are made from a polymer called acrylic. Acrylic is composed of two monomers: ethyl acrylate and methyl methacrylate. These fibers have important applications in the textile industry, where they are used to make fabrics such as polar fleece, acrylic knits, and modacrylics.
Acrylic Fibers:
Acrylic fibers are polymers of the acrylic acid family. They have a high molecular weight and low viscosity, which allows easy spinning, weaving or drawing. The product is available in various forms including staple fiber to fine and ultra-fine cross-linking type. It has applications in several industries including textiles, home furnishing & construction materials and hygiene products among others owing to its unique physical properties such as strength, durability and thermal resistance among others.
Modacrylic Fibers:
Modacrylic fibers are synthetic type of acrylic fibers developed by modification of acrylic acid with the help of sodium hydroxide. Modification process makes the product soluble in water and insoluble in organic solvents. The product is used as a reinforcing agent for textile and non-woven fabrics, paper, and plastic industries.
Application Insights:
The garment industry was the largest application segment and accounted for over 60.0% of the global market revenue in 2017. The growth of this application can be attributed to increasing demand for casual wear, formal wear, and other accessories from emerging economies including China, India, Brazil etc. Rising population along with increasing disposable income has led to an increase in demand for readymade garments which is further likely to drive growth over the forecast period.
Home textiles is expected to be one of the fastest growing segments owing to rising consumer preference towards home textile production as it offers ease and convenience coupled with high productivity at a lower cost compared with outsourcing activities overseas. Moreover, favorable government policies regarding duty drawback & subsidies on yarn imports are anticipated to augment product demand in home textile applications over the forecast period thereby driving market growth globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from various end-use industries, such as apparel, home textiles, automotive interiors and others. Increasing population in countries like China and India has led to an increased demand for consumer goods including clothing, which will drive product demand further.
The acrylic fibers market in Europe is driven by growing application scope in textile industry coupled with stringent regulations on environment friendly products by regulatory bodies like REACH (Registration, Evaluation, Authorization). Stringent laws regarding air pollution have resulted into increased use of acrylic fibers for filtration purposes. In addition they are used as a filler material due to their excellent properties such as lightweight & durability along with low cost making them ideal materials for footwear production etcetera – all these factors are likely to boost the regional market growth over the forecast period.
Growth Factors:
- Increasing demand from the apparel industry for acrylic and modacrylic fibers as they are durable, lightweight, and wrinkle-resistant.
- Rising demand for insulation materials made from acrylic and modacrylic fibers as they are fire-resistant and have good thermal insulation properties.
- Growing popularity of acrylic and modacrylic fibers in the automotive sector due to their excellent heat resistance properties.
- Increasing use of these fibers in medical applications such as wound dressings, sutures, etc., due to their biocompatibility properties. 5) Development of new products using acrylic and modacrylic fibers that offer better performance characteristics than traditional materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic and Modacrylic Fibers Market Research Report
By Type
Acrylic Fibers, Modacrylic Fibers
By Application
Garment Industry, Home Textiles, Others
By Companies
AKSA, Dralon, Aditya Birla Group, Exlan, Mitsubishi Rayon Group, Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, AKSA, SDF Group, Yousuf Dewan, Pasupati Acrylon, Vardhman, Sinopec, Jilin Qifeng Chemical Fiber, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic and Modacrylic Fibers Market Report Segments:
The global Acrylic and Modacrylic Fibers market is segmented on the basis of:
Types
Acrylic Fibers, Modacrylic Fibers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Garment Industry, Home Textiles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AKSA
- Dralon
- Aditya Birla Group
- Exlan
- Mitsubishi Rayon Group
- Taekwang
- Formosa Plastics Corporation
- Tong-Hwa Synthetic Fiber
- Kaltex Fibers
- Toray
- AKSA
- SDF Group
- Yousuf Dewan
- Pasupati Acrylon
- Vardhman
- Sinopec
- Jilin Qifeng Chemical Fiber
- CNPC
- Jiangsu Zhongxin Resources Group
- Zhejiang Hangzhou Bay Acrylic Fiber
Highlights of The Acrylic and Modacrylic Fibers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acrylic Fibers
- Modacrylic Fibers
- By Application:
- Garment Industry
- Home Textiles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic and Modacrylic Fibers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic and Modacrylic fibers are synthetic materials that are made from a type of plastic. They have a very smooth, glossy finish and can be used in a variety of applications including fabricating products, paints, adhesives, sealants and insulation.
Some of the key players operating in the acrylic and modacrylic fibers market are AKSA, Dralon, Aditya Birla Group, Exlan, Mitsubishi Rayon Group, Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, AKSA, SDF Group, Yousuf Dewan, Pasupati Acrylon, Vardhman, Sinopec, Jilin Qifeng Chemical Fiber, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber.
The acrylic and modacrylic fibers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylic and Modacrylic Fibers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acrylic and Modacrylic Fibers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylic and Modacrylic Fibers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acrylic and Modacrylic Fibers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acrylic and Modacrylic Fibers Market Size & Forecast, 2018-2028
4.5.1 Acrylic and Modacrylic Fibers Market Size and Y-o-Y Growth
4.5.2 Acrylic and Modacrylic Fibers Market Absolute $ Opportunity
Chapter 5 Global Acrylic and Modacrylic Fibers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Acrylic and Modacrylic Fibers Market Size Forecast by Type
5.2.1 Acrylic Fibers
5.2.2 Modacrylic Fibers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Acrylic and Modacrylic Fibers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Acrylic and Modacrylic Fibers Market Size Forecast by Applications
6.2.1 Garment Industry
6.2.2 Home Textiles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylic and Modacrylic Fibers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acrylic and Modacrylic Fibers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Acrylic and Modacrylic Fibers Analysis and Forecast
9.1 Introduction
9.2 North America Acrylic and Modacrylic Fibers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Acrylic and Modacrylic Fibers Market Size Forecast by Type
9.6.1 Acrylic Fibers
9.6.2 Modacrylic Fibers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Acrylic and Modacrylic Fibers Market Size Forecast by Applications
9.10.1 Garment Industry
9.10.2 Home Textiles
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Acrylic and Modacrylic Fibers Analysis and Forecast
10.1 Introduction
10.2 Europe Acrylic and Modacrylic Fibers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Acrylic and Modacrylic Fibers Market Size Forecast by Type
10.6.1 Acrylic Fibers
10.6.2 Modacrylic Fibers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Acrylic and Modacrylic Fibers Market Size Forecast by Applications
10.10.1 Garment Industry
10.10.2 Home Textiles
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Acrylic and Modacrylic Fibers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Acrylic and Modacrylic Fibers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Acrylic and Modacrylic Fibers Market Size Forecast by Type
11.6.1 Acrylic Fibers
11.6.2 Modacrylic Fibers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Acrylic and Modacrylic Fibers Market Size Forecast by Applications
11.10.1 Garment Industry
11.10.2 Home Textiles
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Acrylic and Modacrylic Fibers Analysis and Forecast
12.1 Introduction
12.2 Latin America Acrylic and Modacrylic Fibers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Acrylic and Modacrylic Fibers Market Size Forecast by Type
12.6.1 Acrylic Fibers
12.6.2 Modacrylic Fibers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Acrylic and Modacrylic Fibers Market Size Forecast by Applications
12.10.1 Garment Industry
12.10.2 Home Textiles
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Acrylic and Modacrylic Fibers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Acrylic and Modacrylic Fibers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Acrylic and Modacrylic Fibers Market Size Forecast by Type
13.6.1 Acrylic Fibers
13.6.2 Modacrylic Fibers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Acrylic and Modacrylic Fibers Market Size Forecast by Applications
13.10.1 Garment Industry
13.10.2 Home Textiles
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acrylic and Modacrylic Fibers Market: Competitive Dashboard
14.2 Global Acrylic and Modacrylic Fibers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AKSA
14.3.2 Dralon
14.3.3 Aditya Birla Group
14.3.4 Exlan
14.3.5 Mitsubishi Rayon Group
14.3.6 Taekwang
14.3.7 Formosa Plastics Corporation
14.3.8 Tong-Hwa Synthetic Fiber
14.3.9 Kaltex Fibers
14.3.10 Toray
14.3.11 AKSA
14.3.12 SDF Group
14.3.13 Yousuf Dewan
14.3.14 Pasupati Acrylon
14.3.15 Vardhman
14.3.16 Sinopec
14.3.17 Jilin Qifeng Chemical Fiber
14.3.18 CNPC
14.3.19 Jiangsu Zhongxin Resources Group
14.3.20 Zhejiang Hangzhou Bay Acrylic Fiber
