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Modacrylic Fiber Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2025

02-11-2020 10:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Modacrylic Fiber Market

Modacrylic Fiber Market

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.

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.

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The product 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.

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Kaneka Corporation
o Fushun Rayva
o Jiangsu Blue Peacock Chemical Fiber
o Zhejiang Wangzhuo Knitting
o Shanghai Changjie Textile
o Nantong Xufeng Textile
o Zhangjiagang Hengfeng Textile

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In 2015 Kaneka Corporation, a Japanese acrylic fabric producing company announced new plant facility in Malaysia. The company has increased production capacity of acrylic fabric over 12,000 tons with the capital investment of USD 84 million. This strategy was to expand its market presence by exporting product majorly in Africa, North America, Europe and the Middle East.

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.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/modacrylic-fiber-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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