The latest research study “Modal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global modal fiber market size is expected to exhibit a CAGR of 7.50% during 2022-2027.
Modal fiber represents semi-synthetic cellulose fibers that are mainly obtained from beech trees. They can be categorized into long and short fiber variants. The long modal fiber types are characterized by their long length and high strength, while the shorter ones are highly utilized for their lower melting point. These fibers are distinguished by their exceptional softness and silk-like lustrousness. Moreover, modal fiber products have high absorbency properties and are resistant to fading. Consequently, they find extensive applications in the production of apparel, textiles, home furnishing, hygiene products, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Modal Fiber Market Trends and Drivers:
The expanding fashion and apparel sector and the increasing product utilization in manufacturing of sustainable clothing materials across the globe are primarily driving the modal fiber market. In line with this, the escalating usage of these fibers in athleisure, on account of numerous associated benefits, including improved breathability, quicker drying, chemical and thermal resistance, etc., is further catalyzing the market growth. Furthermore, the growing consumer participation in sports and recreational activities and the shifting preferences toward ethical and clean fashion, owing to heightened environmental consciousness, are acting as significant growth-inducing factors. Besides this, the elevating need for lightweight and high-performance materials from the aerospace and automotive industries to manufacture seat covers, headliners, door panels, etc., is also positively influencing the global market. In addition to this, the rising requirement from the luxury fashion industry for their excellent drape quality, resemblance to luxuriant silk, high-end texture, high moisture-wicking, stretchability, and resistance to shrinkage characteristics, is anticipated to bolster the global modal fiber market over the forecasted period.
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Modal Fiber Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of type and application.
Breakup by Type:
- Long Fiber
- Short Fiber
Breakup by Application:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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