San Francisco, California, June 01, 2017 : The global modacrylic fiber market is prophesied to witness exponential growth owing to the increasing applications of modacrylic fibers such as pile, hair fiber, and protective clothing in a number of end-use industries. TMR Research, in a recent report, predicts that hair fiber will emerge as a key segment due to its features of easy availability, ease in dyeing, and ability to allow easy styling of the fiber. The report is titled “Modacrylic Fiber Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”.
Modacrylic fiber is ideal for various industrial, household, and transportation applications due to its fire-resistant characteristic. By way of application, the market is divided into hair fiber, pile, protective apparel, upholstery and household, and industrial fabrics. Hair fiber is proving to be a major factor supporting the expansion of the market for modacrylic fiber. This fragment is likely to grow substantially owing to its large-scale use in hair extensions and wigs. Modacrylic fiber has a characteristics of heat resistance, ease in shading, and allowing easy curling of the fiber on wigs, which makes it preferable over others.
On other hand, fabrics made from modacrylic fiber are prone to maintain oil stains and have low absorbency, which can hold the market’s growth. In addition, lack of safety compliance by companies and fluctuating raw material prices could disturb the growth of the global market.
Geographically, the market for global modacrylic fiber feasibly divided into different regions such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is a promising region for the market and is anticipated to account for a major share in the coming years, owing to a rapid industrialization. The Middle East and Africa is also propitious region for the market of modacrylic fiber. Factors such as growth in economies and infrastructural development could fuel the insistence for modacrylic fiber in this region.
A detailed analysis of the leading industry players has been conducted to provide insights into key products and services, new product and technology launches, agreements, partnerships, mergers and acquisitions, and recent developments in the field of modacrylic fiber.
TMR Research profiles leading players present in the modacrylic fiber market and discussed their research and technological advancement activities. Some influential players in the global modacrylic fiber market are Shanghai Changjie Textile Company Limited, Formosa Chemicals & Fiber Corporation, Ltd, Zhangjiagang Hengfeng Textile Company Limited, Ltd, Fushun Rayva Fiber Co., Kaneka Corporation, Fushun Huifu Fire Resistant Fiber Company Limited, Nantong Xufeng Textile Industrial Company Limited, Zhejiang Wangzhuo Knitting Co., and Jiangsu Blue Peacock Chemical Fiber Co.