HOME Top Market Reports Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021

Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: CH 4823

 

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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. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

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.

Modacrylic Fiber Market

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)

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.”

Scope of the Report

This research report categorizes the modacrylic fiber market into the following segments:

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

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

  • Modacrylic fiber market, by South American countries
  • Modacrylic fiber market, sub-applications by countries

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: Modacrylic Fiber Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 18 APAC: Modacrylic Fiber Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 19 APAC: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 20 APAC: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 21 China: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 22 China: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 23 Japan: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 24 Japan: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 25 Taiwan: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 26 Taiwan: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 27 Rest of APAC: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 28 Rest of APAC: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 29 MEA: Modacrylic Fiber Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 30 MEA: Modacrylic Fiber Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 31 MEA: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 32 MEA: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 33 Turkey: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 34 Turkey: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 35 Saudi Arabia: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 36 Saudi Arabia: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 37 Iran: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 38 Iran: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 39 Rest of MEA: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 40 Rest of MEA: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 41 Europe: Modacrylic Fiber Market Size, By Country, 2014-2021 (Ton)
Table 42 Europe: Modacrylic Fiber Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 43 Europe: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 44 Europe: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 45 Germany: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 46 Germany: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 47 U.K.: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 48 U.K.: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 49 Rest of Europe: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 50 Rest of Europe: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 51 North America: Modacrylic Fiber Market Size, By Country, By Volume, 2014-2021 (Ton)
Table 52 North America: Modacrylic Fiber Market Size, By Country, By Value, 2014-2021 (USD Million)
Table 53 North America: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 54 North America: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 55 U.S.: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 56 U.S.: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 57 Canada: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 58 Canada: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 59 Mexico: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 60 Mexico: Modacrylic Fiber Market Size, By Application, By Value, 2014-2021 (USD Million)
Table 61 South America: Modacrylic Fiber Market Size, By Application, By Volume, 2014-2021 (Ton)
Table 62 South America: Modacrylic Fiber 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

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.

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 application, 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.

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.

Modacrylic Fiber Market

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.

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