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Global Modacrylic Fibre Market: By Application: Protective Apparel, Hair Fibre, Upholstery and Household, Pile (Synthetic Fur), Industrial Fabrics, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Modacrylic Fibre Market Outlook
The global modacrylic fibre market is expected to grow at a CAGR of about 4% in the forecast period of 2021-2026.
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Asia Pacific Region to Lead the Global Market
The modacrylic fibre market was mainly dominated by the Asia Pacific sector in the historical period of 2016-2020. The market for this fibre has seen steady growth over the past, and its fireproof properties are well utilised in applications such as protective apparels in working conditions which have high temperatures or are near flames. It is also resistant to moths, mildew, and fungi, which increases the demand for the product further. There is considerable scope for it to be used in hair fibre manufacturing. In the forecast period of 2021-2026, the Asia Pacific market is expected to dominate the market growth. Very few companies dominate this market for modacrylic fibre.
Modacrylic Fibre: Industry Definition and Segmentation
Modacrylic fibre is a synthetic fibre which is manufactured using long chain acrylonitrile polymers. The distinguishing compounds in it are acrylonitrile units which form 35% to 85% of the weight. Vinyl chloride, vinyl bromide and vinylidene chloride can be used as raw materials. The fibre is known for being soft, tough, and dimensionally consistent under different circumstances.
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The market can be segmented on the basis of application into:
- Protective Apparel
- Hair Fibre
- Upholstery and Household
- Pile (Synthetic Fur)
- Industrial Fabrics
- Others
The regional markets for modacrylic fibre can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Protective Apparel Industry Bolstering the Market Growth
Modacrylic fibre has numerous favourable properties like heat resistance and flame resistance, which are making them ideal clothes for fireproof protective apparel. As governments standardise safety regulations at workplaces, the demand for such apparel is expected to rise. Other properties like softness, toughness, dimensional consistency, ease of dyeing and styling, make it an ideal raw material for wigs. With the textile industry seeing considerable growth in Bangladesh, Vietnam, India and China, there is expected to be a rise in its supply. Another factor which may affect the output is the variation in the costs of the raw materials. Certain constraints like the COVID-19 pandemic had slowed down the production, but a rise is expected in the near future.
Key Industry Players in the Global Modacrylic Fibre Market
The report gives a detailed analysis of the following key players in the global modacrylic fibre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Kaneka Corporation
- Aksa Akrilik Kimya Sanayii A.S
- Zhangjiagang Hengfeng Textile Co.,Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Modacrylic Fibre Market Analysis
8.1 Key Industry Highlights
8.2 Global Modacrylic Fibre Historical Market (2016-2020)
8.3 Global Modacrylic Fibre Market Forecast (2021-2026)
8.4 Global Modacrylic Fibre Market by Application
8.4.1 Protective Apparel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Hair Fibre
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Upholstery and Household
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Pile (Synthetic Fur)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Industrial Fabrics
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Others
8.5 Global Modacrylic Fibre Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price Trends
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 550330)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Trends Analysis
13.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Kaneka Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Aksa Akrilik Kimya Sanayii A.S
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Zhangjiagang Hengfeng Textile Co.,Ltd
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Modacrylic Fibre Market: Key Industry Highlights, 2016 and 2026
2. Global Modacrylic Fibre Historical Market: Breakup by Application (USD Billion), 2016-2020
3. Global Modacrylic Fibre Market Forecast: Breakup by Application (USD Billion), 2021-2026
4. Global Modacrylic Fibre Historical Market: Breakup by Region (USD Billion), 2016-2020
5. Global Modacrylic Fibre Market Forecast: Breakup by Region (USD Billion), 2021-2026
6. North America Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
7. North America Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
8. Europe Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
9. Europe Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Asia Pacific Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Asia Pacific Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Latin America Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Latin America Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Middle East and Africa Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Middle East and Africa Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. North America Historical Price Trends and Forecast (2016-2026)
21. Europe Historical Price Trends and Forecast (2016-2026)
22. Asia Pacific Historical Price Trends and Forecast (2016-2026)
23. Latin America Historical Price Trends and Forecast (2016-2026)
24. Middle East and Africa Historical Price Trends and Forecast (2016-2026)
25. Global Modacrylic Fibre Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The major drivers of the industry include rising population, growing disposable income, rising application, and the increase in awareness about the advantages of modacrylic fibre.
The stringent government regulations about workplace safety is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
Based on the application, the modacrylic fibre market can be segmented into protective apparel, hair fibre, upholstery and household, pile (synthetic fur) and industrial fabrics, amongst others.
The leading players in this market are Kaneka Corporation, Aksa Akrilik Kimya Sanayii A.S, and Zhangjiagang Hengfeng Textile Co., Ltd, among others.
Analyst Review
The modacrylic fibre market is primarily driven by the demand for protective apparel and hair fibre. Aided by government workplace regulations and standardisations, the industry is expected to grow at the CAGR of 4% in the forecast period of 2021-2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the application, the modacrylic fibre market can be segmented into protective apparel, hair fibre, upholstery and household, pile (synthetic fur) and industrial fabrics, amongst others. The major regional markets for modacrylic fibre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above industry include Kaneka Corporation, Aksa Akrilik Kimya Sanayii A.S, and Zhangjiagang Hengfeng Textile Co., Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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