Modacrylic Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2024
Modacrylic
fiber is a flame-resistant, synthetic copolymer synthesized from
acrylonitrile and other polymers, in tow and staple form. These
copolymer fibers are strong, soft, resilient, and dimensionally stable.
They are commercially used for various applications such as apparel
linings, paint-roller covers, scatter rugs, carpets, work clothing, and
as hair in wigs. Modacrylic fibers are widely employed in
high-performance protective clothing such as firefighting turnout gear
owing to their high degree of flame resistance. They can be molded,
stretched, and embossed into special shapes, due to their low softening
temperatures. Furthermore, they are commonly utilized in protective
clothing, upholstery, drapery, bedding, and carpet industries. The
combination of flame retardancy and low density is also useful in
furnishings, draperies, and outdoor fabrics.
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Modacrylic
fibers are also used by technical fabric producers to obtain protective
blends in order to manufacture PPE as well as toupees, fleece-type
fabric, faux fur fabric, and wigs. Their heat-resistant nature makes
them suitable material for toupees and wigs, enabling easy heat styling
without damage. Other uses of modacrylics include paint rollers,
industrial fabrics, stuffed toys, and filters.
Rising
demand for modacrylic fibers is largely attributable to the growing
need for hair fiber applications and protective apparel. Increasing
standardization and industrialization are also expected to escalate the
requirement for protective apparel to ensure the safety of employees. On
account of changing lifestyles and rising demand for hair wigs and hair
extensions, modacrylic fiber is projected to grow significantly during
the forecast period. However, volatile raw material prices are
anticipated to cause a hindrance during the forecast period. Moreover,
the presence of substitutes such as nylon and rayon is estimated to
further impede the development of the modacrylic fiber market during the
forecast period.
In
terms of geography, the global modacrylic fiber market is distributed
over North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. Because of the rapid expansion of various industries in
China, India, and Japan; the market in Asia Pacific is projected to
advance during the forecast period. As a result of the increasing
governmental regulations and stringent rules, the usage of
fire-resistant materials in industrial and household applications and
subsequently the demand for modacrylic fibers is predicted to grow
significantly in Europe and North America. Europe is anticipated to
dominate the market, followed by North America and Asia Pacific during
the forecast period. The modacrylic fiber market in Latin America is
likely to expand at a moderate rate during the forecast period, in
consequence of the upsurge in end-use industries in the region.
The
global modacrylic fiber market is slightly consolidated. Key players
operating in this market include KANEKA CORPORATION, Fushun Rayva Fibre
Co., Ltd., Fushun Huifu Fire Resistant Fibre Company Limited, and
Tianjin GT New Material Technology Company Limited.
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report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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