Reports
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%.
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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.
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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.
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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.
Key Highlights of the Report
| 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 Opportunities and Challenges in the Market
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 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Hair Fibre
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Upholstery and Household
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Pile (Synthetic Fur)
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Industrial Fabrics
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Modacrylic Fibre Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Modacrylic Fibre Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Modacrylic Fibre Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Modacrylic Fibre Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Modacrylic Fibre Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Modacrylic Fibre Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 550330)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Kaneka Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Aksa Akrilik Kimya Sanayii A.S
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Zhangjiagang Hengfeng Textile Co.,Ltd
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Others
19 Key Trends and Developments in the Market
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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