Market Overview:
The global modified acrylic fiber market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for modified acrylic fibers from various applications such as apparels, home furnishing, industrial and outdoor applications. Modified acrylic fibers are used in a wide range of end-use industries owing to their properties such as high strength, durability, flame retardancy and colorfastness. North America is expected to lead the global modified acrylic fiber market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Modified acrylic fiber is a synthetic fiber that has been modified to improve its properties. It is often used in textiles and insulation.
Acid:
Acid is a chemical compound, the name comes from the Latin word 'acide' which means sour. It has been known to be used as early as 4,000 B.C., in Egypt for cleaning and scouring objects. The modern usage of acid is more related to its properties than history alone; it can be defined as a solution of hydrogen or hydrochloric acid in water or alcohol form (for instance: vinegar).
Gel:
Gel is a colloidal system of cross-linked polysaccharide and protein. It has high viscosity, thermal stability, and electrical resistance. Gel forms an insulating layer that can be used in modified acrylic fiber market as insulation material to control the temperature of the structure to prevent it from degradation or decomposition caused by heat or cold.
Application Insights:
The apparel application segment led the global modified acrylic fiber market in 2017 and is projected to witness significant growth over the forecast period. The segment is also expected to be the fastest-growing segment, with a CAGR of XX% from 2018 to 2030. The use of this product for manufacturing swimwear, bikinis, one-piece and other fashionable women¢â‚¬â„¢s wear has become popular among regional fashion designers as it can provide support and enhance feminine shapes at the same time.
The home furnishing industry has been growing significantly across regions owing to increasing consumer spending on furniture in reaction to rapid urbanization along with changing lifestyles patterns of consumers globally.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand in apparel, home furnishing and industrial applications. The presence of a large number of acrylic fiber manufacturers coupled with low manufacturing costs in countries such as China and India are some major factors responsible for the high demand within APAC region.
The European market was valued at USD X million in 2017 and is projected to witness steady growth over the forecast period on account of rising product use within automotive interiors due to consumer preference for luxury vehicles equipped with soft-touch materials. In addition, rising R&D activities by key players are likely boost industry growth over the coming years.
North America accounted for 21% share of global revenue in 2017 owing to early adoption coupled with technological advancements made by key players pertaining towards innovation.
Growth Factors:
- Increasing demand from the automotive and construction industries for insulation and composites applications
- Rising demand for hygiene products such as diapers, sanitary napkins, and adult incontinence products
- Growing popularity of acrylic fiber-based nonwoven fabrics in medical applications
- Increasing use of acrylic fibers in composite materials for lightweighting automobiles
- Proliferation of new applications for acrylic fibers in the textile industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Acrylic Fiber Market Research Report
By Type
Acid, Gel, Undyed
By Application
Apparels, Home Furnishing, Industrial, Outdoor
By Companies
Aksa Akrilik Kimya Sanayii A.S. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, Taekwang Industrial Co. Ltd., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Ltd., Pasupati Acrylon Ltd., Vardhman Acrylics Ltd., Mitsubishi Rayon Group, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, DOLAN GmbH, SDF Group, Yousuf Dewan Companies, Sinopec, 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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Modified Acrylic Fiber Market Report Segments:
The global Modified Acrylic Fiber market is segmented on the basis of:
Types
Acid, Gel, Undyed
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
Apparels, Home Furnishing, Industrial, Outdoor
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 Akrilik Kimya Sanayii A.S. (Aksa)
- Dralon
- Aditya Birla Group
- Jilin Chemical Fiber Group Company
- Taekwang Industrial Co. Ltd.
- Exlan Japan Co. Ltd.
- Kaneka Corporation
- Indian Acrylics Ltd.
- Pasupati Acrylon Ltd.
- Vardhman Acrylics Ltd.
- Mitsubishi Rayon Group
- Formosa Plastics Corporation
- Tong-Hwa Synthetic Fiber
- Kaltex Fibers
- Toray
- DOLAN GmbH
- SDF Group
- Yousuf Dewan Companies
- Sinopec
- CNPC
- Jiangsu Zhongxin Resources Group
- Zhejiang Hangzhou Bay Acrylic Fiber
Highlights of The Modified Acrylic Fiber 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:
- Acid
- Gel
- Undyed
- By Application:
- Apparels
- Home Furnishing
- Industrial
- Outdoor
- 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 Modified Acrylic Fiber 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Modified acrylic fiber is a type of synthetic fiber made from polyacrylic acid. It is often used in products that need to be lightweight and resistant to water and other chemicals.
Some of the key players operating in the modified acrylic fiber market are Aksa Akrilik Kimya Sanayii A.S. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, Taekwang Industrial Co. Ltd., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Ltd., Pasupati Acrylon Ltd., Vardhman Acrylics Ltd., Mitsubishi Rayon Group, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, DOLAN GmbH, SDF Group, Yousuf Dewan Companies, Sinopec, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber.
The modified acrylic fiber market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modified Acrylic Fiber 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 Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size & Forecast, 2018-2028
4.5.1 Modified Acrylic Fiber Market Size and Y-o-Y Growth
4.5.2 Modified Acrylic Fiber Market Absolute $ Opportunity
Chapter 5 Global Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Type
5.2.1 Acid
5.2.2 Gel
5.2.3 Undyed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Applications
6.2.1 Apparels
6.2.2 Home Furnishing
6.2.3 Industrial
6.2.4 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modified Acrylic Fiber 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 Modified Acrylic Fiber 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 Modified Acrylic Fiber Analysis and Forecast
9.1 Introduction
9.2 North America Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Type
9.6.1 Acid
9.6.2 Gel
9.6.3 Undyed
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 Modified Acrylic Fiber Market Size Forecast by Applications
9.10.1 Apparels
9.10.2 Home Furnishing
9.10.3 Industrial
9.10.4 Outdoor
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 Modified Acrylic Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Type
10.6.1 Acid
10.6.2 Gel
10.6.3 Undyed
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 Modified Acrylic Fiber Market Size Forecast by Applications
10.10.1 Apparels
10.10.2 Home Furnishing
10.10.3 Industrial
10.10.4 Outdoor
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 Modified Acrylic Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Type
11.6.1 Acid
11.6.2 Gel
11.6.3 Undyed
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 Modified Acrylic Fiber Market Size Forecast by Applications
11.10.1 Apparels
11.10.2 Home Furnishing
11.10.3 Industrial
11.10.4 Outdoor
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 Modified Acrylic Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America Modified Acrylic Fiber 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 Modified Acrylic Fiber Market Size Forecast by Type
12.6.1 Acid
12.6.2 Gel
12.6.3 Undyed
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 Modified Acrylic Fiber Market Size Forecast by Applications
12.10.1 Apparels
12.10.2 Home Furnishing
12.10.3 Industrial
12.10.4 Outdoor
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) Modified Acrylic Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modified Acrylic Fiber 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) Modified Acrylic Fiber Market Size Forecast by Type
13.6.1 Acid
13.6.2 Gel
13.6.3 Undyed
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) Modified Acrylic Fiber Market Size Forecast by Applications
13.10.1 Apparels
13.10.2 Home Furnishing
13.10.3 Industrial
13.10.4 Outdoor
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 Modified Acrylic Fiber Market: Competitive Dashboard
14.2 Global Modified Acrylic Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aksa Akrilik Kimya Sanayii A.S. (Aksa)
14.3.2 Dralon
14.3.3 Aditya Birla Group
14.3.4 Jilin Chemical Fiber Group Company
14.3.5 Taekwang Industrial Co. Ltd.
14.3.6 Exlan Japan Co. Ltd.
14.3.7 Kaneka Corporation
14.3.8 Indian Acrylics Ltd.
14.3.9 Pasupati Acrylon Ltd.
14.3.10 Vardhman Acrylics Ltd.
14.3.11 Mitsubishi Rayon Group
14.3.12 Formosa Plastics Corporation
14.3.13 Tong-Hwa Synthetic Fiber
14.3.14 Kaltex Fibers
14.3.15 Toray
14.3.16 DOLAN GmbH
14.3.17 SDF Group
14.3.18 Yousuf Dewan Companies
14.3.19 Sinopec
14.3.20 CNPC
14.3.21 Jiangsu Zhongxin Resources Group
14.3.22 Zhejiang Hangzhou Bay Acrylic Fiber
