Market Overview:
The global modacrylic 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 modacrylic fiber from various applications, such as apparel, hair fiber, upholstery, pile and others. Modacrylic fibers are also used in medical applications owing to their properties such as flame retardancy and thermal insulation. North America is expected to lead the global modacrylic fiber market during the forecast period due to the presence of major players in this region and growing demand for flame-resistant fabrics from various end-use industries.
Product Definition:
A synthetic fiber made from a polymer of acrylonitrile, with an average length of 5-6 micrometers, used to make flame-resistant fabrics.
Medical Grade:
Medical-grade acrylic fiber is a type of acrylic fiber that has been approved by the FDA and the WHO as safe for medical use. It is also known as Class I or Grade A fiber. The other types of grades include industrial, research, and testing (IRT), standard, and others (including surgical).
Industrial Grade:
Industrial grade is also known as hard acrylic fiber. It has higher molecular weight and longer length than the soft variety. Industrial grade is used in various industries including automotive, construction, marine, insulation and filtration industries among others. The demand for industrial grade modacrylic fibers is expected to witness significant growth on account of its increasing application scope in the above mentioned end-use industries along with growing automotive industry particularly in emerging economies such as India China Brazil etc.
Application Insights:
The apparel segment held the largest share of over 50.0% in 2017. Modacrylic fibers are widely used in the fashion industry for manufacturing clothing and accessories, such as handbags, scarves, socks and ties. The demand for these products is increasing due to a rise in consumer disposable income coupled with changing lifestyle trends among millennials. Apparel was followed by hair fiber as the second-largest application segment owing to rising use of synthetic fibers for manufacturing hair pieces and wigs which are gaining popularity among movie stars & politicians across the world.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period owing to increasing product demand from various application segments, including apparel and automotive, coupled with growing population and disposable income levels. In addition, rising consumer awareness regarding health & hygiene is anticipated to propel product demand in this region.
Europe was the second-largest regional market for modacrylic fibers after Asia Pacific due to high acceptance of natural products as a replacement for synthetic ones resulting from growing environmental concerns among consumers about harmful emissions during manufacturing processes. Europe also has a well-established automotive industry that uses advanced materials such as carbon fiber composites extensively for vehicle body construction leading to increased adoption of modacrylic fibers in automobile applications across this region over the forecast period.
North America accounted for more than 15% share of global revenue in 2017 owing to high preference toward medical textiles infused with natural fibers by physicians treating patients suffering from chronic diseases such as diabetes.
Growth Factors:
- Increasing demand from the apparel industry for flame-resistant fabrics
- Growing use of modacrylic fiber in insulation materials
- Rising demand for nonwoven fabrics made from modacrylic fibers
- Increasing popularity of modacrylic fiber as a replacement for traditional woolen fabrics
- Proliferation of new applications for modacrylic fibers in automotive, construction, and other industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Modacrylic Fiber Market Research Report
By Type
Medical Grade, Industrial Grade
By Application
Apparel, Hair Fiber, Upholstery, Pile, Other
By Companies
Kaneka, Fushun Rayva Fibre, Formosa Chemicals & Fibre, Tianjin GT New Material Technology, Fushun Huifu Fire Resistant Fibre, Zhangjiagang Hengfeng Textile, Nantong Xufeng Textile Industrial, Shanghai Changjie Textile, Jiangsu Blue Peacock Chemical Fibre, Zhejiang Wangzhuo Knitting
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Modacrylic Fiber Market Report Segments:
The global Modacrylic Fiber market is segmented on the basis of:
Types
Medical Grade, Industrial Grade
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
Apparel, Hair Fiber, Upholstery, Pile, Other
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:
- Kaneka
- Fushun Rayva Fibre
- Formosa Chemicals & Fibre
- Tianjin GT New Material Technology
- Fushun Huifu Fire Resistant Fibre
- Zhangjiagang Hengfeng Textile
- Nantong Xufeng Textile Industrial
- Shanghai Changjie Textile
- Jiangsu Blue Peacock Chemical Fibre
- Zhejiang Wangzhuo Knitting
Highlights of The Modacrylic 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:
- Medical Grade
- Industrial Grade
- By Application:
- Apparel
- Hair Fiber
- Upholstery
- Pile
- Other
- 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 Modacrylic 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?
Modacrylic fiber is a type of acrylic fiber that is made from a blend of two types of acrylic polymer. Modacrylic fibers are strong and durable, making them perfect for use in products such as fabrics, insulation, and composites.
Some of the major companies in the modacrylic fiber market are Kaneka, Fushun Rayva Fibre, Formosa Chemicals & Fibre, Tianjin GT New Material Technology, Fushun Huifu Fire Resistant Fibre, Zhangjiagang Hengfeng Textile, Nantong Xufeng Textile Industrial, Shanghai Changjie Textile, Jiangsu Blue Peacock Chemical Fibre, Zhejiang Wangzhuo Knitting.
The modacrylic fiber market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modacrylic Fiber Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modacrylic Fiber Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modacrylic Fiber Market - Supply Chain
4.5. Global Modacrylic Fiber Market Forecast
4.5.1. Modacrylic Fiber Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modacrylic Fiber Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modacrylic Fiber Market Absolute $ Opportunity
5. Global Modacrylic Fiber Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modacrylic Fiber Market Size and Volume Forecast by Type
5.3.1. Medical Grade
5.3.2. Industrial Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modacrylic Fiber Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modacrylic Fiber Market Size and Volume Forecast by Application
6.3.1. Apparel
6.3.2. Hair Fiber
6.3.3. Upholstery
6.3.4. Pile
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modacrylic Fiber Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modacrylic Fiber Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modacrylic Fiber Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modacrylic Fiber Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modacrylic Fiber Demand Share Forecast, 2019-2029
9. North America Modacrylic Fiber Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modacrylic Fiber Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modacrylic Fiber Market Size and Volume Forecast by Application
9.4.1. Apparel
9.4.2. Hair Fiber
9.4.3. Upholstery
9.4.4. Pile
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modacrylic Fiber Market Size and Volume Forecast by Type
9.7.1. Medical Grade
9.7.2. Industrial Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modacrylic Fiber Demand Share Forecast, 2019-2029
10. Latin America Modacrylic Fiber Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modacrylic Fiber Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modacrylic Fiber Market Size and Volume Forecast by Application
10.4.1. Apparel
10.4.2. Hair Fiber
10.4.3. Upholstery
10.4.4. Pile
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modacrylic Fiber Market Size and Volume Forecast by Type
10.7.1. Medical Grade
10.7.2. Industrial Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modacrylic Fiber Demand Share Forecast, 2019-2029
11. Europe Modacrylic Fiber Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modacrylic Fiber Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modacrylic Fiber Market Size and Volume Forecast by Application
11.4.1. Apparel
11.4.2. Hair Fiber
11.4.3. Upholstery
11.4.4. Pile
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modacrylic Fiber Market Size and Volume Forecast by Type
11.7.1. Medical Grade
11.7.2. Industrial Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modacrylic Fiber Demand Share, 2019-2029
12. Asia Pacific Modacrylic Fiber Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modacrylic Fiber Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modacrylic Fiber Market Size and Volume Forecast by Application
12.4.1. Apparel
12.4.2. Hair Fiber
12.4.3. Upholstery
12.4.4. Pile
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modacrylic Fiber Market Size and Volume Forecast by Type
12.7.1. Medical Grade
12.7.2. Industrial Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modacrylic Fiber Demand Share, 2019-2029
13. Middle East & Africa Modacrylic Fiber Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modacrylic Fiber Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modacrylic Fiber Market Size and Volume Forecast by Application
13.4.1. Apparel
13.4.2. Hair Fiber
13.4.3. Upholstery
13.4.4. Pile
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modacrylic Fiber Market Size and Volume Forecast by Type
13.7.1. Medical Grade
13.7.2. Industrial Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modacrylic Fiber Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Modacrylic Fiber Market: Market Share Analysis
14.2. Modacrylic Fiber Distributors and Customers
14.3. Modacrylic Fiber Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kaneka
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fushun Rayva Fibre
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Formosa Chemicals & Fibre
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tianjin GT New Material Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fushun Huifu Fire Resistant Fibre
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhangjiagang Hengfeng Textile
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nantong Xufeng Textile Industrial
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Changjie Textile
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jiangsu Blue Peacock Chemical Fibre
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhejiang Wangzhuo Knitting
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
