Modacrylic Fiber Market – Demand and Sales Forecasts, Market Share, Market Size, Major Key Players


Posted May 4, 2018 by ggshri1989

Modacrylic Fiber Market research report categorizes the global market for Upholstery & Household, Pile, Industrial Fabric, Protective Apparel, Hair Fiber.

 
MarketsandMarkets projects that the market for modacrylic fiber will grow from USD 621.9 Million in 2016 to USD 723.7 Million by 2021, at a CAGR of 3.08%. This market is growing due to the increase in the demand for protective apparel and hair fiber applications of modacrylic fiber. Increasing industrialization and standardization will escalate the demand for protective apparel to ensure the safety of employees.
Browse 65 market data tables and 38 figures spread through 115 pages and in-depth TOC on “Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021"
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This growth is due to the increasing applications of modacrylic fiber such as, hair fiber, pile (synthetic/fake fur), and protective clothing. Industrial regulations and standardizations regarding the safety of employees, also provide an opportunity for this market to grow.
The modacrylic fiber market is segmented on the basis of application and region. Modacrylic fiber is fire resistant which makes it suitable for various household, industrial, and transportation applications. Various countries across the globe, including China, Japan, and the U.S have stringent rules and regulations requiring the use of fire resistant materials such as modacrylic fiber in industrial and household applications.
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The hair fiber segment is projected to grow at the highest CAGR during the forecast period.
The market is segmented into protective apparel, hair fiber, upholstery and household, pile (synthetic/fake fur), and industrial fabrics. The hair fiber segment is projected to grow at the highest CAGR, due to the increasing demand for modacrylic hair wigs and hair extensions.
The Asia-Pacific region to play a key role in the growth of the market for modacrylic fiber.
The market for modacrylic fiber is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The Asia-Pacific market is projected to grow at the highest rate from 2016 to 2021, due to the increasing demand for hair fiber from countries such as Japan, China, and Taiwan. Growing industrial development in the region will also impact the demand for protective clothing, which in turn fuels the growth of the modacrylic fiber market.
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The global market for modacrylic fiber is led by major players such as, Kaneka Corporation (Japan), Fushun Ravya Fibre Co. Ltd. (China), and Formosa Plastics Corporation (Taiwan). Other Players in this market include, Tianjin GT New Material Technology Company Limited (China), Fushun Huifu Fire Resistant Fibre Company Limited (China), Zhangjiagang Hengfeng Textile Company Limited (China), Nantong Xufeng Textile Industrial Company Limited (China), Shanghai Changjie Textile Company Limited (China), and Jiangsu Blue Peacock Chemical Fiber Co., Ltd. These players have adopted various strategies to expand their global presence and strengthen their market shares.
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Issued By MarketsandMarkets
Country United States
Categories Business , Industry
Tags modacrylic fiber market
Last Updated May 4, 2018