Modacrylic Fiber Market Worth 723.7 Million USD by 2021
PUNE, India, December 14, 2016 /PRNewswire/ --
The report "Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from USD 621.9 Million in 2016 to USD 723.7 Million by 2021, at a CAGR of 3.08%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 65 market data Tables and 38 Figures spread through 114 Pages and in-depth TOC on "Modacrylic Fiber Market"
http://www.marketsandmarkets.com/Market-Reports/modacrylic-fiber-market-44304885.html
Early buyers will receive 10% customization on this report.
This growth is due to the increasing applications of modacrylic fiber such as, hair fiber, pile (synthetic/fake fur), and protective clothing. Industrial regulations and standardizations regarding the safety of employees also provide an opportunity for this market to grow.
The hair fiber segment is projected to grow at the highest CAGR during the forecast period.
The hair fiber segment is projected to be the fastest-growing from 2016 to 2021. This growth is attributed to the hair-like characteristics of modacrylic fiber, which is why they are being widely used in wigs, hair extensions, and other hair-like accessories. Another reason behind the growth of modacrylic hair fiber is that it is highly flame resistant, even when combined with fibers that can flare when caught with fire.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=44304885
The Asia-Pacific region to play a key role in the growth of the market for modacrylic fiber
On the basis of key regions, the Modacrylic Fiber Market is segmented into, North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The Asia-Pacific region is a key market for modacrylic fiber. The development of the economies and rapid growth in the industrialization in this region are impacting the growth of this market. Increasing industrial regulations related to employee safety ensures that industries switch to protective clothing made from modacrylic fiber, thereby impacting the growth of the market.
The following are the key players in the modacrylic fiber market:
- Kaneka Corporation (Japan)
- Fushun Rayva Fiber Co., Ltd. (China)
- Formosa Chemicals & Fiber Corporation (Taiwan)
- Tianjin GT New Material Technology Company Limited (China)
- Fushun Huifu Fire Resistant Fiber 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 Fiber Co., Ltd. (China)
- Zhejiang Wangzhuo Knitting Co., Ltd. (China)
Browse Related Reports:
Acrylic Resin Market by Type (Methacrylates, Acrylates & Hybrids), Solvency, Property (Thermoplastic & Thermosetting) & Application (Paints & Coatings, Construction, Industrial & Commercial, Paper & Paperboard, Textiles & Fibers & Adhesives) - Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/acrylic-resin-market-246195771.html
Acrylic Acid Market by Derivative (Esters/Acrylates - METHYL, ETHYL, BUTYL, 2-EH; Polymers - Elastomers, Superabsorbent Polymers, Water Treatment Polymers; Other Derivatives), by Applications & Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/acrylic-acid-market-683.html
Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article