Global Modacrylic Fibre Market Report and Forecast 2024-2032

Global Modacrylic Fibre Market Outlook

The global modacrylic fibre market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4%.

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Increasing Use of Modacrylic Fibre in Protective Apparel Bolstering the Market Growth

The flame-resistant properties of modacrylic fibre are increasing its use in the energy, utility, and petrochemical sectors. Modacrylic fibre is increasingly blended with textiles like lyocell or cotton to extract oxygen and protect other fibres from blending and heating, which is augmenting the growth of the market. As the blend of modacrylic fibre enhances the comfortability and moisture management of apparel, it is increasingly preferred to boost the quality of protective apparel, which is significantly contributing to the market growth.

The easy dyeability and durability offered by modacrylic fibre are increasing its demand in protective apparel, hence driving the industry growth. The use of modacrylic fibre as a substitute for other protective fibres is surging its use, thereby fuelling the market growth. With the introduction of various stringent regulations to enhance the safety of workers, the use of modacrylic fibre is surging, which is providing further impetus to the industry growth.

Modacrylic Fibre: Market Segmentation

A modacrylic fibre is a modified acrylic fibre that is strong, soft, and dimensionally stable. It has excellent heat, flame, and chemical resistant properties, due to which it finds its application in safety apparel and hair fibres, among others. It is also extensively used in the manufacturing of products like paint-roller covers, apparel lining, synthetic fur outerwear, carpets, and scatter rugs, among others.

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The major applications of modacrylic fibre are:

• Protective Apparel
• Hair Fibre
• Upholstery and Household
• Pile (Synthetic Fur)
• Industrial Fabrics
• Others

The EMR report looks into the regional markets of modacrylic fibre like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Demand for Synthetic Fur to Bolster the Growth of the Modacrylic Fibre Industry

The growing demand for synthetic fur in the textile industry is augmenting the growth of the market. As modacrylic fibre is one of the primary constituents used in the manufacturing of synthetic fur, its demand is significantly surging, hence augmenting the market growth. With the rising awareness concerns regarding animal cruelty, the use of synthetic fur as an alternative to natural fur is increasing, which is driving the growth of the modacrylic fibre industry. Moreover, the cost-effectiveness of synthetic fur is leading to a surge in its demand, thereby significantly contributing to the market growth. With the introduction of various stringent initiatives regarding the ban on fur sales, the market for modacrylic fibre is poised to grow. In addition, the increasing attempts to develop sustainable synthetic fur using modacrylic fibre are predicted to strengthen the market for modacrylic fibre in the forecast period.

Key Industry Players in the Global Modacrylic Fibre Market

The report presents a detailed analysis of the following key players in the global modacrylic fibre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Kaneka Corporation
• Aksa Akrilik Kimya Sanayii A.S
• Zhangjiagang Hengfeng Textile Co.,Ltd 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report