Modacrylic Fiber Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Modacrylic Fiber Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2020 | Chemical & Materials | PPT format

Report Digest

Global Modacrylic Fiber Market: Snapshot 

Modacrylic fiber is a synthetic fiber, which is strong, soft, resilient, and dimensionally stable. It can be easily dyed, displays good press and shape retention properties, and is quick to dry. They display outstanding resistance against chemicals and solvents and are not infested by moths, mildew and are non-allergenic. 

Modacrylic fiber is inherently flame-resistant. Although it is flammable when exposed to direct flame, it doesn’t drip or melt and self-extinguishes when the flame is removed. This makes it suitable for the manufacture of high-performance protective clothing as it offers flame resistance along with other desirable properties such as soft feel and durability. The other uses of the modacrylic fiber include apparel linings, paint roller covers, carpets, furlike outerwear, scatter rugs, work clothing, and hair in wigs. 

The fiber forming chain in modacrylic fiber is a long chain of synthetic polymers, which is composed of at least 35% and less than 85% acrylonitrile units by weight. Other resins that are used in the manufacture of modacrylic fibers are vinyl chloride, vinyl bromide, or vinylidene chloride. 

Modacrylic fiber is either wet spun or dry spun. Due to its low softening temperature, modacrylic fiber can be stretched, molded, and embossed into special shapes. Moreover, the fiber can be produced with desired heat shrinkage capacities. The mixing of fibers of different shrinkage on the surface and the application of heat results in fibers of different lengths that resembles natural fur. 

Modacrylic fiber demands care for prolonged use. While dry-cleaning or fur-cleaning is recommended for deep-pile garments, machine wash using lukewarm water is suitable for washable items.

Global Modacrylic Fiber Market: Overview

Modacrylic fiber has emerged as the most sought after material used across many industries. It is soft, resilient, strong, and dimensionally stable. Moreover, it is quick to dry, easy to dye, show good press and shape retention, and has an exceptional resistance to chemicals and solvents, is non-allergenic, and is not attacked by mildew and moths. It is extensively used in protective clothing such as firefighting turnout gear, for its flame resistance, durability, and good texture properties. 

The modacrylic fiber market can be classified on the basis of application into upholstery & household, protective apparel, pile (synthetic/fake fur), hair fiber, and industrial fabrics. 

The report provides a detailed analysis of drivers and restrictions in the global modacrylic fiber market. It also offers insight to the various segments and regions of the market. 

Global Modacrylic Fiber Market: Key Trends

Based on application, hair fiber is the key contributor to the growth of the global modacrylic fiber market. This segment is projected to grow further in the forecast period. Due to its hair-like characteristics, modacrylic fiber is extensively used in hair extensions, wigs, and other hair accessories. Modacrylic hair fiber has an edge over others due to its innumerable benefits.  These are, easy availability, ease in dyeing, ability to withstand heat, and allowing the curling or styling of the fiber on wigs easily.

In addition, modacrylic fiber has chemical resistant properties, and is used in certain types of industrial filtration, where it maintains its strength even in concentrated acid/alkaline environments. The fiber also finds application in apparel linings, paint-roller covers, scatter rugs, fur-like outerwear, and carpets. 

On the contrary, fabrics made of modacrylic fiber have low absorbency, known to build up static electricity, prone to retaining oil stains, and melt and decompose in fire. This factor can restrain the market’s growth to an extent. 

Global Modacrylic Fiber Market: Regional Overview

On the basis of geography, the global modacrylic fiber can be segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and South America. The market for modacrylic fiber is witnessing lucrative opportunities in Asia Pacific, and this region is expected to dominate the market in the forecast period as well. The reason for the growth in Asia Pacific can be attributed to the factors such as rapid growth in industrialization and development of economies. The rising concerns and industrial regulations for employee’s safety is another aspect for the development of the market. Several industries are now switching to protective clothing made from modacrylic fiber, hence pushing the growth of the market. 

The Middle East & Africa is another promising region for the market. Infrastructural development and high demand for hair fiber for miscellaneous applications are a few factors fuelling the demand for the global modacrylic fiber market. 

Global Modacrylic Fiber Market: Key Markets

This TMR report profiles key players in the global modacrylic fiber market based on various attributes such as company overview, business strategies, recent development, and financial overview. Some of the prominent competitors in the market are Fushun Huifu Fire Resistant Fiber Company Limited, Zhangjiagang Hengfeng Textile Company Limited, Ltd, Nantong Xufeng Textile Industrial Company Limited, Zhejiang Wangzhuo Knitting Co., Kaneka Corporation, Shanghai Changjie Textile Company Limited, Formosa Chemicals & Fiber Corporation, Ltd, Fushun Rayva Fiber Co., and Jiangsu Blue Peacock Chemical Fiber Co.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?