Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021
[115 Pages Report] The market for modacrylic fiber was valued at USD 598.3 million in 2015. It is projected to grow at a CAGR of 3.08% from 2016 to 2021. Modacrylic fibers are synthetic polymer manufactured fibers that are composed of at least 35% and maximum 85% by weight of acrylonitrile chain. Modacrylic fiber has many similar characteristics with acrylic fiber such as lightweight and soft wool-like feel. Modacrylic fibers are highly fire resistant and can be dyed easily with high durability and low tenacity. Due to these properties, modacrylic fibers find application in fire resistant protective apparel, upholstery and in hair wigs and soft toys because of its wool-like touch. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
Market Dynamics
Drivers
- Stringent industrial regulation and standardization
- Increasing demand for modacrylic protective apparel application
- Growing Hair fiber application of modacrylic fiber
Restraints
- Fluctuating raw material costs
- Lack of awareness and increasing competition
Opportunities
- Development of emerging markets
- Attractive potential in the fashion and thermal protection industry
Stringent industrial regulation and standardization
Increase in safety concerns in the household, industrial and transportation sectors have led to the standardization of materials that are being used. Countries in North America and Europe have stringent rules & regulations regarding the use of fire resistant materials such as modacrylic fiber in household upholstery, airline interiors and for protective apparel for industrial workers and fire fighters. These regulations and standards force the manufacturers to improve on the quality of the products being offered and also have a positive impact on their application in sectors such as industrial, defense & public safety as well as in household.
The objectives of the report are as follows:
- To analyze and forecast the modacrylic fiber market size in terms of value and volume
- To define, describe, and forecast the global modacrylic fiber market by application and region
- To forecast the market size in terms of volume and value, for different segments based on regions, such as Asia-Pacific, Europe, North America, Middle East & Africa, and South America
- To analyze and forecast the size of the modacrylic fiber market, by application, for the major countries, such as China, Japan, and the U.S.
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide detailed information of the competitive landscape for the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze competitive developments, such as alliances, joint ventures, mergers & acquisitions, and new product developments in the modacrylic fiber market
The research methodology used to estimate and project the market size included the ‘top-down’ and ‘bottom-up’ approaches. The total size of the modacrylic fiber market was calculated and accordingly, weightages were provided for various segments. This was done on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations such as Japan Chemical Fibers Association. Primary research conducted for this report included extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of modacrylic fiber market comprises distributors/suppliers of modacrylic fibers such as, Kaneka Corporation (Japan), Fushun Rayva Fibre Co., Ltd. (China), Formosa Chemicals & Fibre Corporation (Taiwan), 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), Jiangsu Blue Peacock Chemical Fibre Co., Ltd. (China), and Zhejiang Wangzhuo Knitting Co., Ltd. (China).
Major Market Developments
- In March 2015, Kaneka Corporation announced to establish a new modacrylic fiber manufacturing plant at Pahang State, Malaysia. This expansion helped the company to expand its presence in the APAC region.
Target audience:
- Modacrylic fiber manufacturers
- Fire resistant fabric manufacturers
- Raw material (acrylonitrile) suppliers
- Governmental planning commissions and research organizations
- Industry associations
- End-use industries
- Research organizations
- Associations and industry bodies
“The study answers several questions for the stakeholders: primarily, which market segments they should focus upon during the next two to five years to prioritize their efforts and investments.”
Want to explore hidden markets that can drive new revenue in Modacrylic Fiber Market?
Scope of the Report
Want to explore hidden markets that can drive new revenue in Modacrylic Fiber Market?
This research report categorizes the modacrylic fiber market into the following segments:
By Application
- Protective Apparel
- Hair Fiber
- Upholstery & Household
- Pile (Synthetic/Fake fur)
- Industrial Fabrics
By region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South America
Critical questions which the report answers
- What are the new product areas modacrylic fiber companies are exploring?
- Who are the key players in the market and how intense is the competition?
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country, additional application, and/or type
Country Information
- Additional country information (up to three)
Company Information
- Detailed analysis and profiles of additional market players (up to five)
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.
The market for modacrylic fibers is primarily dependent on demand and supply relationships. Several factors directly and indirectly affect the modacrylic fibers market such as the impact of raw materials on the production costs of modacrylic fibers and the increasing demand from the end-use industries. Modacrylic is inherently fire resistant and is more comfortable than the other fire resistant fibers such as meta-aramid and PBI. Modacrylic fibers have a lower L.O.I (Limiting Oxygen Index) when compared with meta-aramid or PBI; but are lighter and more comfortable for the wearer then the others.
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.
On the basis of key regions, 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.
Protective apparel, hair fiber, and pile applications to drive the growth of Industrial lubricants market
Protective apparel
Modacrylic fibers are inherently fire resistant, and do melt or drip on direct exposure. Modacrylic fibers are actively used in protective apparel for industrial workers, fire fighters and soldiers on account of the higher level of comfort and durability offered by the fiber with resistance to fire and chemicals.
Hair fiber
Modacrylic fibers are used for the manufacture of hair wigs, extensions and in doll hair. Modacrylic fiber can be manufactured with a hair-like feel and its ability to withstand heat while styling makes it a favourite for wig manufacturers. Modacrylic fiber wigs account for a good portion of the global hair fiber industry and are the second-most used material for wig manufacture after natural hair.
Pile (Fake fur)
Fake furs are engineered to have the appearance and warmth similar to that of animal furs. Although fake fur can never match the characteristics of natural furs, fake furs do have certain advantages over their natural counterparts. Unlike natural furs, fake furs can be dyed, allowing for more dramatic color combinations. Fake furs do not require extra care which natural fur do and are anti-allergic as well. Additionally, fake furs are more durable and resistant to environmental assaults
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming product type of Modacrylic Fibers?
There are certain factors in the market that hinder its growth. Some of these are, the fluctuating price of raw materials for modacrylic fibers, lack of awareness and increasing competition from other fibers such as nylon and rayon.
Companies such as, Kaneka Corporation (Japan), Fushun Rayva Fibre Co., Ltd. (China), Formosa Chemicals & Fibre Corporation (Taiwan), Tianjin GT New Material Technology Company Limited (China), and Fushun Huifu Fire Resistant Fibre Company Limited (China) are the key players who adopted the expansion strategies to increase their production capacities, customer base, and to stay ahead of competitors. Companies aim to invest in research & development activities and introduce new products to keep up with the changing consumer needs.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Scope, By Region
1.3.3 Years Considered in the Report
1.4 Currency
1.5 Package Size
2 Research Methodology (Page No. - 16)
2.1 Market Size Estimation
2.1.1 Assumptions
2.1.2 Limitations
3 Executive Summary (Page No. - 24)
3.1 Introduction
3.2 Modacrylic Fiber Market
3.3 Hair Fiber Segment is Projected to Capture the Largest Share By 2021
3.4 APAC is Projected to Dominate the Market for Modacrylic Fiber
3.5 Japan’s Market is Projected to Grow at the Highest CAGR From 2016 to 2021
4 Premium Insights (Page No. - 27)
4.1 Attractive Market Opportunities for Modacrylic Fiber
4.2 Modacrylic Fiber Market, By Application, 2014-2021 (Tons)
4.3 Modacrylic Fiber Market, APAC, 2015 (USD Million)
4.4 Market Share, By Region, in 2015
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Application
5.2.2 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Stringent Industrial Regulations & Standardization
5.3.1.2 Increasing Demand for the Modacrylic Protective Apparel Application
5.3.1.3 Growing Hair Fiber Application of Modacrylic Fiber
5.3.2 Restraints
5.3.2.1 Fluctuating Raw Material Costs
5.3.2.2 Lack of Awareness and Increasing Competition
5.3.2.3 High Technological Requirements
5.3.3 Opportunities
5.3.3.1 Development of Emerging Markets
5.3.3.2 Attractive Potential in the Fashion and Thermal Protection Industry
5.3.4 Challenges
5.3.4.1 Lack of Safety Compliance
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Bargaining Power of Suppliers
5.4.3 Threat of Substitutes
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Rivalry
5.5 Raw Material Suppliers (ACN)
5.6 Design and Engineering – Modacrylic Fiber
5.7 Policies and Regulations
5.7.1 ASTM
5.7.1.1 D 1230 Flammability of Apparel Textiles
5.7.1.2 D 2863 Limited Oxygen Index Flammability
5.7.1.3 D 6545 Flammability of Children's Sleepwear
5.7.1.4 E 84 Surface Burning Characteristics
5.7.1.5 E 162 Surface Flammability
5.7.1.6 D 473 Standard Classification Index of and Descriptions of Textile Flammability Test Methods
5.7.2 British Standards Institute
5.7.2.1 BS 5852
5.7.2.2 BS 5867
5.7.2.3 CSE RF 1/75/A & 3/77 Italy
5.7.3 NF P 92-503, 504, 505 France, Spain & Portugal
5.7.4 German Institute of Standards
5.7.4.1 Deutsches Institut Für Normung (DIN) DIN 4102
5.7.5 JFRA
5.7.6 NFPA
5.7.6.1 NFPA 701
5.7.7 U.S. Federal Aviation Administration
5.7.7.1 FAA 25.853 Compartment Interiors
6 Modacrylic Fiber Market, By Application (Page No. - 45)
6.1 Introduction
6.2 Protective Apparel
6.2.1 APAC Will Be Main Driver for the Protective Apparel Application
6.3 Hair Fiber
6.3.1 Investment in Hair Fiber Sector in the MEA Region is Driving Growth for the Modacrylic Fiber Market
6.4 Upholstery & Household
6.4.1 APAC is Expected to Offer Big Potential for Upholstery & Household Application of Modacrylic Fiber
6.5 Pile (Synthetic / Fake Fur)
6.5.1 APAC is Projected to Lead the Market for Fake Fur Applications
6.6 Industrial Fabrics
6.6.1 APAC is Projected to Lead the Market for Industrial Fabric Applications
7 Regional Analysis (Page No. - 59)
7.1 Introduction
7.2 APAC
7.2.1 China
7.2.2 Japan
7.2.3 Taiwan
7.2.4 Rest of APAC
7.3 MEA
7.3.1 Turkey
7.3.2 Saudi Arabia
7.3.3 Iran
7.3.4 Rest of MEA
7.4 Europe
7.4.1 Germany
7.4.2 U.K.
7.4.3 Rest of Europe
7.5 North America
7.5.1 U.S.
7.5.2 Canada
7.5.3 Mexico
7.6 South America
8 Competitive Landscape (Page No. - 89)
8.1 Overview
8.2 Kaneka Leads With A Big Margin in the Modacrylic Fiber Market
8.3 Production Capacity
8.4 Competitive Benchmarking
9 Company Profiles (Page No. - 92)
(Overview, Financial*, Products & Services, Strategy, and Developments)
9.1 Kaneka Corporation
9.2 Fushun Rayva Fiber Co., Ltd.
9.3 Formosa Chemicals & Fiber Corporation
9.4 Tianjin GT New Material Technology Company Limited
9.5 Fushun Huifu Fire Resisitant Fiber Company Limited*
9.6 Zhangjiagang Hengfeng Textile Company Limited
9.7 Nantong Xufeng Textile Industrial Company Limited
9.8 Shanghai Changjie Textile Company Limited
9.9 Jiangsu Blue Peacock Chemical Fiber Co., Ltd.
9.10 Zhejiang Wangzhuo Knitting Co., Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies
10 Appendix (Page No. - 107)
10.1 Insights of Industry Experts
10.2 Discussion Guide
10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.4 Introducing RT: Real Time Market Intelligence
10.5 Available Customizations
10.6 Related Reports
10.7 Author Details
List of Tables (65 Tables)
Table 1 List of Standards and Regulations Concerning Modacrylic Fiber
Table 2 Comparision of Modacrylic Fiber With Others
Table 3 Modacrylic Fiber Market Size, By Application, 2014-2021 (Ton)
Table 4 Modacrylic Fiber Market Size, By Application, 2014-2021 (USD Million)
Table 5 Modacrylic Fiber Market Size in Protective Apparel, By Region, By Volume, 2014-2021 (Ton)
Table 6 Modacrylic Fiber Market Size in Protective Apparel, By Region, By Value, 2014-2021 (USD Million)
Table 7 Modacrylic Fiber in the Hair Fiber Market Size, By Region, By Volume, 2014-2021 (Ton)
Table 8 Modacrylic Fiber in the Hair Fiber Market Size, By Region, By Value, 2014-2021 (USD Million)
Table 9 Modacrylic Fiber in Upholstery & Household Market Size, By Region, By Volume, 2014-2021 (Ton)
Table 10 Modacrylic Fiber in the Upholstery & Household Market Size, By Region, By Value 2014-2021 (USD Million)
Table 11 Modacrylic Fiber Market Size in the Pile (Synthetic/Fake Fur) Application, By Region, 2014-2021 (Ton)
Table 12 Modacrylic Fiber Market Size in Pile (Synthetic/ Fake Fur) Application, By Region, 2014-2021 (USD Million)
Table 13 Modacrylic Fiber Market Size in the Industrial Fabric Application, By Region, By Volume, 2014-2021 (Ton)
Table 14 Modacrylic Fiber Market Size in the Industrial Fabric Application, By Region, By Value, 2014-2021 (USD Million)
Table 15 Modacrylic Fiber Market Size, By Region, 2014-2021 (Ton)
Table 16 Modacrylic Fiber Market Size, By Region, 2014-2021 (USD Million)
Table 17 APAC: By Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 18 APAC: By Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 19 APAC: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 20 APAC: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 21 China: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 22 China: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 23 Japan: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 24 Japan: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 25 Taiwan: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 26 Taiwan: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 27 Rest of APAC: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 28 Rest of APAC: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 29 MEA: By Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 30 MEA: By Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 31 MEA: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 32 MEA: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 33 Turkey: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 34 Turkey: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 35 Saudi Arabia: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 36 Saudi Arabia: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 37 Iran: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 38 Iran: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 39 Rest of MEA: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 40 Rest of MEA: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 41 Europe: By Market Size, By Country, 2014-2021 (Ton)
Table 42 Europe: By Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 43 Europe: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 44 Europe: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 45 Germany: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 46 Germany: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 47 U.K.: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 48 U.K.: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 49 Rest of Europe: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 50 Rest of Europe: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 51 North America: By Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 52 North America: By Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 53 North America: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 54 North America: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 55 U.S.: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 56 U.S.: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 57 Canada: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 58 Canada: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 59 Mexico: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 60 Mexico: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 61 South America: By Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 62 South America: By Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 63 Modacrylic Fiber Production, By Company (2013)
Table 64 Modacrylic Fiber Production Capacity, By Company (2020)
Table 65 Major Modacrylic Fiber Producers
List of Figures (38 Figures)
Figure 1 Modacrylic Fiber Market: Research Methodology
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews, By Company Type, Designation, & Region
Figure 5 Modacrylic Fiber Market: Data Triangulation
Figure 6 Key Data From Secondary Sources
Figure 7 Key Data From Primary Sources
Figure 8 Modacrylic Fiber Market, By Application, 2016 vs 2021 (USD Million)
Figure 9 Modacrylic Fiber Market Size, By Region, 2016 vs 2021 (USD Million)
Figure 10 Japan is Projected to Be the Fastest-Growing Market for Modacrylic Fiber From 2016 to 2021
Figure 11 Emerging Economies Offer Attractive Opportunities in Modacrylic Fiber
Figure 12 Hair Fiber Segment is Projected to Dominate the Modacrylic Fiber Market By 2021
Figure 13 Pile (Synthetic/Fake Fur) Segment Accounted for the Largest Share in the APAC Market in 2015
Figure 14 APAC Accounted for the Largest Market Share in Terms of Value, in 2015
Figure 15 Modacrylic Fiber Market Segmentation, By Application
Figure 16 Modacrylic Fiber Market, By Region
Figure 17 Overview of Factors Governing the Global Modacrylic Fiber Market
Figure 18 Porter’s Five Forces Analysis: Modacrylic Fiber Market, 2015
Figure 19 Modacrylic Fiber: Breakdown By Application
Figure 20 Modacrylic Fiber Market is Expected to Experience High Demand From Hair Fiber and Pile (Synthetic/ Fake Fur) Segments
Figure 21 Pile (Synthetic/ Fake Fur) is Expected to Register the Highest Growth in Market Size By Value, 2016-2021
Figure 22 Protective Apparel Segment is Expected to Witness High Growth in APAC, By Volume (2016 vs 2021)
Figure 23 MEA is the Largest Consumer of Modacrylic Fiber for the Hair Fiber Application, By Volume
Figure 24 APAC is Projected to Register the Highest CAGR in the Upholstery & Household Application of Modacrylic Fiber Between 2016 & 2021
Figure 25 APAC is Expected to Dominate the Pile (Synthetic/ Fake Fur) Application of Modacrylic Fiber
Figure 26 Industrial Fabrics Applications are Expected to Witness High Growth in APAC (2016 vs 2021)
Figure 27 APAC is Expected to Have the Highest Growth in the Modacrylic Fiber Market (2016 vs 2021)
Figure 28 APAC: Modacrylic Fiber Market Snapshot
Figure 29 China: Largest Consumer of Modacrylic Fiber
Figure 30 MEA: Modacrylic Fiber Market Snapshot
Figure 31 North America: Modacrylic Fiber Market Snapshot
Figure 32 Modacrylic Fiber Production Capacity, By Company, (2015 vs 2020)
Figure 33 Kaneka Corporation: Business Overview
Figure 34 Kaneka Corporation.: SWOT Analysis
Figure 35 Fushun Rayva Fiber Co., Ltd.: SWOT Analysis
Figure 36 Formosa Chemicals & Fiber Corporation : Business Overview
Figure 37 Fushun Rayva Fiber Co., Ltd.: SWOT Analysis
Figure 38 Tianjin GT New Material Co. Ltd.: SWOT Analysis
Growth opportunities and latent adjacency in Modacrylic Fiber Market