Modacrylic Fiber Market

Modacrylic Fiber Market Size-(2023-2028)

Modacrylic Fiber Market was $669.88 million in 2022 and is expected to be around $783.6 million in 2028 with a current CAGR of 3.19%.

Shanghai Changjie Textile Company Limited (China) has released a 100% fire-resistant fabric made of Modacrylic fiber. It is a kind of flame retardant modacrylic fiber obtained through chemical modification. Its limiting oxygen index (LOI) value is over 32 which further enhances its flame-retardant property and its value for practical applications. Kaneka Corporation (Japan) has released a product by the name of Kanecaron. Kanecaron is used in several interior products not only for its aesthetic beauty and amenity but also for its flame-retardant properties. The Kanecaron fiber itself contains these flame-retardant properties and also has self-extinguishing abilities so as to cease combustion as soon as the source is removed. Jiangsu Blue Peacock Chemical FiberCo., Ltd. (China) is one of the key players in the modacrylic market. Fiber is dyeable at ambient temperature and pressure with caution. The color is fresh and the fiber can be dyed to dark color.

Modacrylic Fiber Market Driver & Restraints:

Modacrylic fiber has a range of applications in special fiber materials such as in manufacturing fire-resistant suits, carpets, apparel linings, and wigs, & also as filter material as it is a good dye absorbent.  Due to increasing demand from these sectors, there has been incremental growth in the market which is good for market investments. Modacrylic fiber is easily mouldable, relatively strong, stable & softer fiber. Due to its dye-absorbing property, it is used as a filtering sheet in many industries. The strength, stability & softer nature of the fabric makes it suitable to be used as carpet material, wigs, etc. The fiber is used to manufacture personal protective equipment (PPEs).

Modacrylic fiber decomposes on exposure to extreme heat; it also shows low absorption to certain types of oil thereby limiting its use in some industries. These factors are therefore inhibiting the growth of the market.

MODACRYLIC FIBER MARKET REPORT COVERAGE:

Modacrylic Fiber Market Segmentation:

Modacrylic Fiber Market By Pile:

• Synthetic

• Fur

Modacrylic Fiber Market By End-User Industry:

• Hair fiber

• Upholstery and household

• Protective Apparel

The modacrylic fiber market is classified based on the application. Modacrylic fiber is fire resistant, an ability that makes it suitable for different household, industrial, and transportation applications. The modacrylic fiber product has significant applications in hair accessory products, protective clothing, pile, and apparel. Benefits related to the ability to be easily stretched and molded into any shape make a product superficial for industrial applications. Pile is predicted to be the fast-growing segment due to its usage as a wool replacement within the textile market. The material is fur-like, warm, and resilient materials majorly utilized in jackets, covers, furs, carpets, and clothing, thus propelling market share.

Modacrylic Fiber Market By Pile Insights:

Synthetic could be a pile kind of modacrylic fiber. Acrylic materials have the foremost comparable features to cotton fabrics. That has warmth and hot touch on the natural skin. In knit products, like sweaters and shirts, Acrylic fibers are commonly used; taking the foremost out of their features is bedding textiles, including pillows, piles, and tapestries for home use. Moreover, the products of acrylic fibers are rag creatures and American wigs.

Modacrylic Fiber Market By Hair Fiber Insights:

The hair fibers are anticipated to grow the quickest in the future within the modacrylic fiber market. The most effective alternative for fiber has been Modacrylic hair fiber due to its advantage, simple dyeing, simple thermal resistance, and capacity to curl or style the fiber on wigs. Supported application, hair fiber is the key contributor to the expansion of the global modacrylic fiber market. This segment is projected to grow further within the forecast period. Because of its hair-like characteristics, modacrylic fiber is extensively utilized in hair extensions, wigs, and other hair accessories. Modacrylic hair fiber has an edge over others because of its innumerable benefits. These are easy availability, ease in dyeing, ability to resist heat, and allowing the curling or styling of the fiber on wigs easily.

Geographical Analysis:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• The Middle East and Africa 

Modacrylic Fiber Market Key Players:

1. Shanghai Changjie Textile  Company Limited (China)

2. Nantong Xufeng Textile Industrial Company Limited (China)

3. Zhejiang Wangzhuo Knitting Co., Ltd. (China)

4. Jiangsu Blue Peacock Chemical FiberCo., Ltd. (China)

5. Fushun Huifu Fire Resistant FiberCompany Limited (China)

6. Kaneka Corporation (Japan)

7. Fushun Rayva FiberCo., Ltd. (China)

8. Formosa Chemicals & FiberCorporation (Taiwan)

9. Zhangjiagang Hengfeng  Textile Company Limited (China)