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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 (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Modacrylic Fibre Market Outlook

The global modacrylic fibre market is expected to grow in the forecast period of 2023-2028 at a CAGR of 4%.

 

Global Modacrylic Fibre Market

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Increasing Use of Modacrylic Fibre in Protective Apparel Bolstering the Market Growth

The flame-resistant properties of modacrylic fibre are increasing its use in the energy, utility, and petrochemical sectors. Modacrylic fibre is increasingly blended with textiles like lyocell or cotton to extract oxygen and protect other fibres from blending and heating, which is augmenting the growth of the market. As the blend of modacrylic fibre enhances the comfortability and moisture management of apparel, it is increasingly preferred to boost the quality of protective apparel, which is significantly contributing to the market growth.

The easy dyeability and durability offered by modacrylic fibre are increasing its demand in protective apparel, hence driving the industry growth. The use of modacrylic fibre as a substitute for other protective fibres is surging its use, thereby fuelling the market growth. With the introduction of various stringent regulations to enhance the safety of workers, the use of modacrylic fibre is surging, which is providing further impetus to the industry growth.

 

Modacrylic Fibre: Market Segmentation

A modacrylic fibre is a modified acrylic fibre that is strong, soft, and dimensionally stable. It has excellent heat, flame, and chemical resistant properties, due to which it finds its application in safety apparel and hair fibres, among others. It is also extensively used in the manufacturing of products like paint-roller covers, apparel lining, synthetic fur outerwear, carpets, and scatter rugs, among others.

 

Global Modacrylic Fibre Market By Application

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The major applications of modacrylic fibre are:

  • Protective Apparel
  • Hair Fibre
  • Upholstery and Household
  • Pile (Synthetic Fur)
  • Industrial Fabrics
  • Others

The EMR report looks into the regional markets of modacrylic fibre like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Modacrylic Fibre Market By Region

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Growing Demand for Synthetic Fur to Bolster the Growth of the Modacrylic Fibre Industry

The growing demand for synthetic fur in the textile industry is augmenting the growth of the market. As modacrylic fibre is one of the primary constituents used in the manufacturing of synthetic fur, its demand is significantly surging, hence augmenting the market growth. With the rising awareness concerns regarding animal cruelty, the use of synthetic fur as an alternative to natural fur is increasing, which is driving the growth of the modacrylic fibre industry. Moreover, the cost-effectiveness of synthetic fur is leading to a surge in its demand, thereby significantly contributing to the market growth. With the introduction of various stringent initiatives regarding the ban on fur sales, the market for modacrylic fibre is poised to grow. In addition, the increasing attempts to develop sustainable synthetic fur using modacrylic fibre are predicted to strengthen the market for modacrylic fibre in the forecast period.

 

Key Industry Players in the Global Modacrylic Fibre Market

The report presents a detailed analysis of the following key players in the global modacrylic fibre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Kaneka Corporation
  • Aksa Akrilik Kimya Sanayii A.S
  • Zhangjiagang Hengfeng Textile Co.,Ltd 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Protective Apparel, Hair Fibre, Upholstery and Household, Pile (Synthetic Fur), Industrial Fabrics, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Kaneka Corporation, Aksa Akrilik Kimya Sanayii A.S, Zhangjiagang Hengfeng Textile Co.,Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2022) 
    8.3    Global Modacrylic Fibre Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Hair Fibre
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Upholstery and Household
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Pile (Synthetic Fur)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Industrial Fabrics
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        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    Key Indicators for Demand
    10.4    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 (2018-2022) and Forecast (2023-2028)
        13.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
        13.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
        13.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
        13.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 Key Figures and Tables

1.    Global Modacrylic Fibre Market: Key Industry Highlights, 2018 and 2028
2.    Global Modacrylic Fibre Historical Market: Breakup by Application (USD Billion), 2018-2022
3.    Global Modacrylic Fibre Market Forecast: Breakup by Application (USD Billion), 2023-2028
4.    Global Modacrylic Fibre Historical Market: Breakup by Region (USD Billion), 2018-2022
5.    Global Modacrylic Fibre Market Forecast: Breakup by Region (USD Billion), 2023-2028
6.    North America Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
7.    North America Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
8.    Europe Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    Europe Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Asia Pacific Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Asia Pacific Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Latin America Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Latin America Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Middle East and Africa Modacrylic Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Middle East and Africa Modacrylic Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 (2018-2028)
21.    Europe Historical Price Trends and Forecast (2018-2028)
22.    Asia Pacific Historical Price Trends and Forecast (2018-2028)
23.    Latin America Historical Price Trends and Forecast (2018-2028)
24.    Middle East and Africa Historical Price Trends and Forecast (2018-2028)
25.    Global Modacrylic Fibre Market Structure

Key Questions Answered in the Report

The global modacrylic fibre market is projected to grow at a CAGR of 4% between 2023 and 2028.

The market is being driven by the flame-resistant properties of modacrylic fibre, the increasing blending of modacrylic fibre with other textiles, and the rising use or modacrylic fibre in safety apparel.

The industry is projected to be propelled by the growing demand for synthetic fur in the textile industry, the cost-effectiveness of synthetic fur and the increasing attempts to develop sustainable synthetic fur using modacrylic fibre.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications of modacrylic fibre in the industry are protective apparel, hair fibre, upholstery and household, pile (synthetic fur), and industrial fabrics, among others.

The major players in the industry are Kaneka Corporation, Aksa Akrilik Kimya Sanayii A.S, and Zhangjiagang Hengfeng Textile Co.,Ltd, among others.

Analyst Review

The global modacrylic fibre market is driven by the rising use or modacrylic fibre in safety apparel. Aided by the growing demand for synthetic fur in the textile industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the modacrylic fibre industry can be segmented into protective apparel, hair fibre, upholstery and household, pile (synthetic fur), and industrial fabrics, among others. The major regional markets for modacrylic fibre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market 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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