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Modacrylic Fiber Market by Application & Region - Global Forecast 2021 | MarketsandMarkets | Last Updated on March-2

Modacrylic Fiber Market research report categorizes the global market for Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric, Protective Apparel, Hair Fiber & by Geography.

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Modacrylic Fiber Market by Application & Region - Global Forecast 2021 | MarketsandMarkets | Last Updated on March-2

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  1. www.marketsandmarkets.com Modacrylic Fiber Market worth 723.7 Million USD by 2021 The report "Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021", The market for modacrylic fiber is projected to grow from USD 621.9 Million in 2016 to USD 723.7 Million by 2021, at a CAGR of 3.08%. Browse 65 market data tables and 38 figures spread through 115 pages and in-depth TOC on “Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric - Global Forecast to 2021" https://www.marketsandmarkets.com/Market-Reports/modacrylic-fiber-market- 44304885.html Early buyers will receive 10% customization on reports. 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. Page 1

  2. www.marketsandmarkets.com 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. 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) Page 2

  3. www.marketsandmarkets.com About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. 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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. Contact: Mr. Shelly Singh MarketsandMarkets™ INC, 6 30 Dundee Road, Suite 430 Northbrook, IL 60062, USA: 1-888-600-6441 sales@marketsandmarkets.com Page 3

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