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Modacrylic Fiber Trends and Forecast
The future of the global modacrylic fiber market looks promising with opportunities in the protective apparel, hair fiber, upholstery, and modacrylic pile markets. The global modacrylic fiber market is expected to reach an estimated $0.79 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand from the apparel industry for flame-resistant fabrics, growing usage of modacrylic fiber in insulation materials, and expansion of novel applications for modacrylic fibers across various sectors, including automotive, construction, and others.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Modacrylic Fiber by Segment
The study includes a forecast for the global modacrylic fiber by type, application, and region.
Modacrylic Fiber Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Medical Grade
• Industrial Grade
Modacrylic Fiber Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Protective Apparel
• Hair Fiber
• Upholstery
• Modacrylic Pile
• Others
Modacrylic Fiber Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Modacrylic Fiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies modacrylic fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the modacrylic fiber companies profiled in this report include-
• China National Petroleum
• Chinatexnet.Com
• Formosa Chemicals & Fiber
• Grupo Kaltex
• Japan Chemical Fibers
• Kaneka
• Shanghai Changjie Textile
• Tencate Protective Fabrics
• Toray Industries
• Xinke Special Textile
Modacrylic Fiber Market Insights
Lucintel forecasts that industrial grade will remain the larger segment due to rising industrialization, urbanization, and increasing consumer for the automobile industry which led to growth of the modacrylic fiber where it is commonly used to make belts, carpets, and seat covers.
APAC is expected to witness highest growth over the forecast period due to advancements in the industrialization of textiles, garments, and upholstery industries, as well as, modacrylic fiber finds application in the production of seat coverings, among other uses, and surge in demand driven by increased consumer preferences and rising disposable incomes.
Features of the Global Modacrylic Fiber Market
Market Size Estimates: Modacrylic fiber market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Modacrylic fiber market size by type, application, and region in terms of value ($B).
Regional Analysis: Modacrylic fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the modacrylic fiber market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the modacrylic fiber market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the modacrylic fiber market size?
Answer: The global modacrylic fiber market is expected to reach an estimated $0.79 billion by 2030.
Q.2 What is the growth forecast for modacrylic fiber market?
Answer: The global modacrylic fiber market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the modacrylic fiber market?
Answer: The major drivers for this market are growing demand from the apparel industry for flame-resistant fabrics, growing usage of modacrylic fiber in insulation materials, and expansion of novel applications for modacrylic fibers across various sectors, including automotive, construction, and others.
Q4. What are the major segments for modacrylic fiber market?
Answer: The future of the global modacrylic fiber market looks promising with opportunities in the protective apparel, hair fiber, upholstery, and modacrylic pile markets.
Q5. Who are the key modacrylic fiber market companies?
Answer: Some of the key modacrylic fiber companies are as follows:
• China National Petroleum
• Chinatexnet.Com
• Formosa Chemicals & Fiber
• Grupo Kaltex
• Japan Chemical Fibers
• Kaneka
• Shanghai Changjie Textile
• Tencate Protective Fabrics
• Toray Industries
• Xinke Special Textile
Q6. Which modacrylic fiber market segment will be the largest in future?
Answer: Lucintel forecasts that industrial grade will remain the larger segment due to rising industrialization, urbanization, and increasing consumer for the automobile industry which led to growth of the modacrylic fiber where it is commonly used to make belts, carpets, and seat covers.
Q7. In modacrylic fiber market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to advancements in the industrialization of textiles, garments, and upholstery industries, as well as, modacrylic fiber finds application in the production of seat coverings, among other uses, and surge in demand driven by increased consumer preferences and rising disposable incomes.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the modacrylic fiber market by type (medical grade and industrial grade), application (protective apparel, hair fiber, upholstery, modacrylic pile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Modacrylic Fiber Market, Modacrylic Fiber Market Size, Modacrylic Fiber Market Growth, Modacrylic Fiber Market Analysis, Modacrylic Fiber Market Report, Modacrylic Fiber Market Share, Modacrylic Fiber Market Trends, Modacrylic Fiber Market Forecast, Modacrylic Fiber Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Modacrylic Fiber Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Modacrylic Fiber Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Modacrylic Fiber Market by Type
3.3.1: Medical Grade
3.3.2: Industrial Grade
3.4: Global Modacrylic Fiber Market by Application
3.4.1: Protective Apparel
3.4.2: Hair Fiber
3.4.3: Upholstery
3.4.4: Modacrylic Pile
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Modacrylic Fiber Market by Region
4.2: North American Modacrylic Fiber Market
4.2.2: North American Modacrylic Fiber Market by Application: Protective Apparel, Hair Fiber, Upholstery, Modacrylic Pile, and Others
4.3: European Modacrylic Fiber Market
4.3.1: European Modacrylic Fiber Market by Type: Medical Grade and Industrial Grade
4.3.2: European Modacrylic Fiber Market by Application: Protective Apparel, Hair Fiber, Upholstery, Modacrylic Pile, and Others
4.4: APAC Modacrylic Fiber Market
4.4.1: APAC Modacrylic Fiber Market by Type: Medical Grade and Industrial Grade
4.4.2: APAC Modacrylic Fiber Market by Application: Protective Apparel, Hair Fiber, Upholstery, Modacrylic Pile, and Others
4.5: ROW Modacrylic Fiber Market
4.5.1: ROW Modacrylic Fiber Market by Type: Medical Grade and Industrial Grade
4.5.2: ROW Modacrylic Fiber Market by Application: Protective Apparel, Hair Fiber, Upholstery, Modacrylic Pile, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Modacrylic Fiber Market by Type
6.1.2: Growth Opportunities for the Global Modacrylic Fiber Market by Application
6.1.3: Growth Opportunities for the Global Modacrylic Fiber Market by Region
6.2: Emerging Trends in the Global Modacrylic Fiber Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Modacrylic Fiber Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Modacrylic Fiber Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: China National Petroleum
7.2: ChinaTexNet.com
7.3: Formosa Chemicals & Fiber
7.4: Grupo Kaltex
7.5: Japan Chemical Fibers
7.6: Kaneka
7.7: Shanghai Changjie Textile
7.8: TenCate Protective Fabrics
7.9: Toray Industries
7.10: Xinke Special Textile
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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