About Modacrylic Fiber
Modacrylic fiber is a synthetic fiber. It is strong, resilient, and dimensionally stable. It is modified from the acrylic group such as vinyl chloride, vinylidene chloride, or vinyl bromide but has larger amounts of other polymers. Modacrylic fiber is manufactured in different lengths, deniers, crimp levels and it has many shrinkage potentials.Any synthetic fiber in textiles that has at least 35% but not more than 85% by weight of the chemical acrylonitrile is known as modacrylic. It is a modified variety of the acrylic group, with fibers made up of at least 85% acrylonitrile.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Modacrylic Fiber is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Modacrylic Fiber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aksa Acrylic (Turkey), Kaneka (Japan), Aramid HPM (United States), Tianjin Glory Tang Technology Co., Ltd. (China), ANTONY TEXTILE (South Korea), Goonvean Fibres Ltd. (United Kingdom), Shanghai Modacrylic Flame Retardant Textiles Co., Ltd. (China), Qingdao Bliss Wig Hair Products Co., Ltd. (China), AMANNAS JKT TRADING (Philippines) and Qingdao Bliss Wig Hair Products Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Modacrylic Fiber market by Type (Dynel and Verel), Application (Faux Fur, Scatter Rug, Wigs, Hair Extensions, Protective Clothing and Others) and Region.
On the basis of geography, the market of Modacrylic Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Composite, the sub-segment i.e. 35% will boost the Modacrylic Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Vinyl Chloride will boost the Modacrylic Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Technologies across the Globe and Rising Adoption of Urban Lifestyle
Market Growth Drivers:
Increasing Applications of Modacrylic Fiber in Fashion Designers, Retailers, and Apparel Manufacturers and Rising Industrialization and Changing Lifestyle are the Major Factors Drive the Market Growth
Challenges:
Stringent Regulations on the Production of Modacrylic Fiber
Restraints:
Volatile Raw Material Prices and Problems Related to High Contact with Modacrylic Fiber
Opportunities:
Growing Demand for Modacrylic Fiber from Various End-Users can create Opportunities for Market Growth
In 2020, Aksa Akrilik launched Textile Product With Permanent Antimicrobial Effect. The "Everfresh" product, developed in the R&D facility of Aksa Akrilik, is about to join the textile market. The device will completely satisfy consumer expectations for comfort and hygiene because to its persistent antibacterial characteristic.
According to Federal Trade Commission Regulation, "The modacrylic fiber should be labeled or invoiced in conformity with the requirements of the rules.
Key Target Audience
Modacrylic Fiber Manufacturers, Modacrylic Fiber Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.