Modacrylic Fiber Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?