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In the wake of industrial development for fulfilling the requirement of various goods generated by the much expected rise in population, the associated markets are experiencing a demand upsurge which resonates with the modacrylic fiber market growth.
Modacrylic fibers - a form of acrylic fiber and much like polyester staple fiber find applications in a gamut of markets that include hair fiber, upholstery & household, pile, and industrial fabrics.
Hair loss has become a common occurrence in men across the world, which is increasing the demand for hair fiber, and therefore, the modacrylic fiber market is gaining traction from the same.As of 2018, the modacrylic fiber market size was evaluated at $660.7 million, and it will increase at a CAGR of 3.12% during the forecast period 2019-2025.Fiber Apparel and Protective Apparel Segment of the Modacrylic Fiber Market to Grow at a CAGR of 2.89% through to 2025:The protective clothing market witnessed trade worth $11.36 billion in 2018, and the value was increased by 7% as compared to 2017.
This evinces the scope for modacrylic fiber market players in the protective apparel segment.This segment is going to witness an increment during the forthcoming years because of the emphasis on safety in various industries.
Moreover, the pharmaceutical, oil & gas, and chemical industries are going to observe growth by 2030 in order to fulfill the sustainable development goals (SDGs) of the United Nations (UN).
This is coupled with the fact that safety has become to paramount aspect of industries owing to the threat to incidents and accidents.
The Global Acrylonitrile Market is projected to grow at a CAGR of 4.6% from USD 63.18 billion in 2019 to USD 90.26 billion in 2027.
Furthermore, the report also discusses the business strategies undertaken by the companies to gain the market share and a larger consumer base and offers strategic recommendations to established companies and new entrants.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2852The investigative report of the global Acrylonitrile market provides an in-depth assessment of the leading companies and top manufacturers operating in the global Acrylonitrile sector.
The report also covers company overview, business expansion plans, financial standing, production and manufacturing capacity, and product portfolio.Key companies operating in the market include: Asahi Chemicals, SINOPEC, Petro China, Formosa Plastics Corporation, Shanghai SECCO Petrochemical Co., Mitsubishi Rayon Co., INEOS, Taekwang Industrial Co., Ascend Performance Materials Operations LLC, and Sumitomo Chemical Co, among others.To know more about the report @ https://www.reportsanddata.com/report-detail/acrylonitrile-marketThe research report on the Acrylonitrile market provides a comprehensive analysis of the products offered by the Acrylonitrile market and the application spectrum.
The report also offers details about market share and market value held by each application and product type.
It also offers key insights into the factors contributing to the revenue growth of each segment.Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)Acrylic FiberStyrene-Acrylonitrile Resin (SAR)Acrylonitrile Butadiene StyreneAcrylamideOthersEnd-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)Electrical and ElectronicsPackagingAutomotiveConstructionsDistribution Channel Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)DirectIndirectHybridRegional analysis covers an extensive study of the major geographical regions where the market has already established its presence.
It offers key insights into market size, share, growth, and trends along with production and consumption patterns, revenue growth and contribution, demands, import/export ratio, and presence of key players in each region.Regional analysis covers: North America (U.S.A., Canada, Mexico)Europe (Italy, U.K., Germany, France, Rest of Europe)Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2852Key Highlights of the Acrylonitrile Market Report: Extensive research of growth patterns, market size and share, top companies, and key segments of the global Acrylonitrile marketDetailed information on market trends, driving factors, restraining factors, product segmentation, and industry chain analysisThorough regional analysis and competitive landscapeKey statistical data organized in tables, charts, figures, and other pictorial representationSWOT analysis and Porter’s Five Forces analysis for each key playerThank you for reading our report.
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