An analysis of Modacrylic Fiber Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period.
— The Modacrylic Fiber Market is gaining popularity across various applications due to their very soft, high strength, and dimensionally stable characteristics. Synthetic polymers have a prominent ability that doesn’t support microbial or bacterial infection growth. Increasing consumer awareness for non-contagious fabrics are positively encouraging modacrylic fiber demand in the apparel industry. Thereby, escalating adoption in commercial applications such as apparel lining, wigs, work clothing, scatter rugs, paint roller covers and carpets.
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Surging demand for product owing to advantages such as heat resistance and high degree flame-retardant properties will open lucrative opportunities in fireproof clothing application. Outdoor fabrics, draperies, and furnishings will among the key potential applications in this industry. The high demand in these application is associated to its flame-resistant properties.
Modacrylic Fiber Market Size is projected to witness high demand owing to its mechanical property associated to the flame resistant, acid & base resistant and microbial resistant features. It is a synthetic polymer synthesized from acrylonitrile long-chain polymer.
Rapid industrialization and expansion in various industries including chemical processing, military, medical, healthcare, steel, agriculture, oil & energy will encourage market expansion. Need to adopt protective measures for workers while dealing with chemicals, biological contaminants, heat, and radiation risk will instigate demand. Presence of antimicrobial and flame-resistant properties of modacrylic fiber makes the product ideal for protective clothing.
The Modacrylic Fiber Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Modacrylic Fiber Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Modacrylic Fiber Product Insights
5. Modacrylic Fiber Application Insights
6. Modacrylic Fiber Regional Insights
7. Competitor Profiles
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Asia Pacific modacrylic fiber market size is projected to contribute a large share during forecast time. Rapid industrialization, rising population, and growing textile industry are the promising factor stimulating demand. Regional growth is majorly driven by India, China, Vietnam, Pakistan and Bangladesh due to the strong presence of textile industry. The major companies have manufacturing facilities, trade and export capabilities of synthetic polymer in an international trade fueling modacrylic fiber market.
Reasons to Buy This Report:
1. Modacrylic Fiber Market size & share forecast by product & application 2018-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Modacrylic Fiber Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Global modacrylic fiber market share includes Kaneka Corporation, Fushun Rayva, Jiangsu Blue Peacock Chemical Fiber, Zhejiang Wangzhuo Knitting, Shanghai Changjie Textile, Nantong Xufeng Textile, and Zhangjiagang Hengfeng Textile. These companies are focused on new product development by a combination of materials to attract consumers attention and to gain market share. In addition, strategic collaborations and long-term contracts with suppliers are adopting prominent strategies. Other companies are Tianjin GT New Material Technology, Shanghai Modacrylic flame retardant textile, Formosa Chemicals & Fiber Corporation, Fushun Huifu Fire Resistant Fiber, Xinke special textile, and Fushun Rayva Fiber.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Release ID: 524574