Modal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Modal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A6237
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Market Overview:

The global modal fiber market is expected to exhibit a CAGR of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Modal fiber refers to a semi-synthetic cellulose fiber that is primarily obtained from beech trees. It is categorized into two types: long and short fiber. Long fiber is characterized by its long length and high strength, while short fiber has a lower melting point. Modal fiber is distinguished by its exceptional softness and silk-like lustrousness. Moreover, it has high absorbency properties and is resistant to shrinkage and fading. As a result, modal fiber is mainly used in the production of apparel, home furnishings, industrial textiles, hygiene products, filters, etc.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Modal Fiber Market Trends:

The significant growth in the fashion and apparel sector along with the increasing utilization of modal fiber in manufacturing sustainable clothing materials is primarily driving the global modal fiber market. Additionally, the rising adoption of modal fiber in athleisure owing to numerous associated benefits, such as improved breathability, quicker drying, thermal and chemical resistance, etc., is also catalyzing the market growth. In line with this, increasing consumer participation in sports and recreational activities is acting as a significant growth-inducing factor. Moreover, the growing prominence of modal fiber in the luxury fashion industry on account of its excellent drape quality, high-end texture, and resemblance to luxuriant silk is also propelling the global market. Apart from this, the increasing environmental consciousness coupled with the improving consumer willingness to spend more on ethical and clean fashion, is creating a positive outlook for the market. Additionally, the advent of the work-from-home model due the sudden outbreak of the COVID-19 pandemic is fueling the demand for modal fiber-based loungewear that offers enhanced comfort and improved durability. Besides this, the increasing requirement for lightweight and high-performance materials from the automotive and aerospace industries for manufacturing seat covers, door panels, headliners, etc., is further catalyzing the product demand. Moreover, the emergence of micro modal fiber, due to its high moisture-wicking, stretchability, and resistance to shrinkage characteristics, is anticipated to fuel the global modal fiber market during the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global modal fiber market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

 

 
 

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  • Long Fiber
  • Short Fiber
     

Breakup by Application:

  • Textile
  • Others
     

Breakup by Region:

 

 
 

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  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units ‘000 Tons
Segment Coverage Type, Application, Region
Region Covered North America,  Asia Pacific, Europe, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global modal fiber market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global modal fiber market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global modal fiber market and who are the key players?
  • What is the degree of competition in the industry?

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Modal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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