$656 Million Worldwide Modacrylic Fibers Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

The "Modacrylic Fibers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Modacrylic Fibers Market to Reach $742.7 Million by 2027

Amid the COVID-19 crisis, the global market for Modacrylic Fibers estimated at US$656.2 Million in the year 2020, is projected to reach a revised size of US$742.7 Million by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027.

Protective Apparel, one of the segments analyzed in the report, is projected to record a 1.2% CAGR and reach US$272.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hair Fiber segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $177.8 Million, While China is Forecast to Grow at 3.4% CAGR

The Modacrylic Fibers market in the U.S. is estimated at US$177.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$141.4 Million by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.3% and 1.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Upholstery & Household Segment to Record 2.1% CAGR

In the global Upholstery & Household segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$69.1 Million in the year 2020 will reach a projected size of US$77.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$99.6 Million by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.

Competitors identified in this market include, among others:

• Formosa Chemicals & Fibre Corporation
• Fushun Rayva Fiber Co., Ltd
• Jiangsu Blue Peacock Chemical Fiber Co., Ltd.
• Kaneka Corporation
• Nantong Xufeng Textile industrial Co., Ltd
• Shanghai Changjie Textile Co., Ltd.
• Tianjin Gt New Material Technology Company Limited

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Modacrylic Fiber Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/7j02qf

View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005336/en/