Global Modacrylic Fiber Market Overview
The Modacrylic Fiber Market Size was estimated at 1.08 (USD Billion) in 2022. The Modacrylic Fiber Industry is expected to grow from 1.12(USD Billion) in 2023 to 1.52 (USD Billion) by 2032. The Modacrylic Fiber Market CAGR (growth rate) is expected to be around 3.43% during the forecast period (2024 - 2032).
Key Modacrylic Fiber Market Trends Highlighted
The modacrylic fiber market is expected to experience consistent growth over the coming years, driven by increasing demand from various end-use industries. One of the key drivers of market growth is the rising popularity of modacrylic fibers in the apparel industry, particularly for the production of flame-resistant clothing and protective wear. Modacrylic fibers exhibit excellent flame retardancy, making them ideal for applications where safety is paramount, such as in firefighting uniforms, racing suits, and industrial protective gear.Another factor contributing to market growth is the growing adoption of modacrylic fibers in the automotive industry. Modacrylic fibers are increasingly used in automotive interiors, such as seat covers and headliners, due to their durability, comfort, and aesthetic appeal. Moreover, the increasing demand for modacrylic fibers in the home furnishing industry, particularly for curtains, upholstery, and carpets, is expected to drive market growth further.Recent trends in the modacrylic fiber market include the development of new and innovative products that meet specific end-use requirements. For instance, manufacturers are focusing on enhancing the flame retardancy, moisture management, and antimicrobial properties of modacrylic fibers to cater to the evolving needs of various industries. Additionally, the growing emphasis on sustainability in the textile industry is expected to create opportunities for the development of eco-friendly modacrylic fibers produced using renewable resources or recycled materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Modacrylic Fiber Market Drivers
Rising Demand for Modacrylic Fiber in Apparel and Home Furnishings
With such outstanding features as flame resistance, moisture wicking, and wrinkle resistance, Modacrylic fiber has become extremely popular in the apparel and home furnishings industries. As for the former, recent years have seen a rapid rise in protective clothing, sportswear, and casual wear made with the use of the specified material. Due to the Cordierite structure of modacrylic fiber, clothes and uniform items that are made with the help of such fabrics are ideal for firefighters and army soldiers or any other industrial workers that have to face open flame.Speaking of the other advantages of modacrylic fiber used in the apparel industry, one must give credit to the moisture-wicking feature of the material that makes it especially appropriate for sportswear. The apparel industry, nonetheless, is not the only one in which this material could be used. In the home furnishings industry, the material could be used for manufacturing carpets, curtains, and upholstery fabrics due to its durability, stain resistance, and flame-retardant properties.The use of modacrylic fiber in the manufacture of home furnishings and apparel contributes to the rise of the Modacrylic Fiber Market Industry.
Technological Advancements and Innovations in Modacrylic Fiber Production
Modacrylic is a widely used synthetic fiber that owes its popularity to the continuing improvement of production techniques, which have made it possible to make the product more application-flexible and adjustable to a range of operational conditions. In the present time, relevant R focuses on FAQ properties, including but not limited to the fiber’s flammable properties, moisture, and hygiene conditions. Allowing for the creation of more durable and versatile fibers with the use of such advanced technologies as electrospinning and the recent advancements in the field of nanotechnology.As a result, the growth of the Modacrylic Fiber Market Industry is likely to be driven even further, creating premises for new product creation and the modification of the mechanical characteristics of the fiber.
Growing Environmental Concerns and Regulations
The increasing environmental awareness and tightening regulations regarding fire safety are the primary drivers of the growing demand for modacrylic fiber. This synthetic fiber is inherently flame retardant, and it is able to meet all safety standards required in a variety of industries. Therefore, due to its properties, it is used in multiple applications, especially those where fire safety is of prime importance, such as construction, transportation, and hospitality industries.However, “its performance is not equal to flame resistance for some applications compared to 100 percent wool or other fire-resistant fabric”. Finally, with the growing emphasis on environmental protection and sustainability, the demand for modacrylic fiber is further reinforced by the relatively low impact this material has on the environment compared to other synthetic fibers.
Modacrylic Fiber Market Segment Insights:
Modacrylic Fiber Market Product Type Insights
The Modacrylic Fiber Market is divided into product types tow, staple, and yarn. The tow was observed as the major contributor to the Modacrylic Market in 2023 and was recorded to grow with a CAGR of 2.17% throughout the period 2023-2032. This growth of the tow segment is attributed to the increasing popularity and the use of the modacrylic tow in the production of wigs and hair extensions. The staple segment, too, is likely to witness significant growth over the next few years, based on the adoption of staples in the production of textiles and carpets.The yarn segment is likely to observe the smallest share in 2023. However, the segment is expected to grow with the highest CAGR during the forecast period. This growth of the yarn segment is credited to the rapidly increasing demand for the modacrylic yarn used in the production of sportswear and activewear. The market is growing on the back of increasing usage of modacrylic fiber in relevant applications such as wigs and hair extensions, textiles, carpets, and footwear. Regionally, Asia-Pacific is expected to be the leading market for modacrylic fiber.This growth of the Asia-Pacific market is on the account of increased production of wigs and hair extensions. North America and Europe are also expected to observe significant growth. The key players of the Modacrylic Fiber Market are: Aekyung Petrochemical Co., Ltd. Asahi Kasei Corporation BASF SE The Dow Chemical Company DuPont Invista Mitsubishi Rayon Co., Ltd. Toray Industries, Inc. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Modacrylic Fiber Market End-Use Industry Insights
End-Use Industry Apparel Home Textiles Automotive Industrial The largest industry for modacrylic fiber end-use is apparel, which comprises more than 50% of the market in 2023. This type of fiber is used for a large variety of applications, and the most prominent ones are sportswear, activewear, and flame-resistant clothing. The segment’s growth is driven by rising demand for comfortable, durable, and flame-resistant fabrics. The second-largest industry for the end-use of modacrylic fiber is home textiles, which constitute more than 25% of the market.This type of fiber is used for carpets, rugs, and upholstery. The segment’s growth is driven by rising demand for soft, durable and flame-resistant fabrics. Automotive is the third-largest industry for the end-use of modacrylic fiber constituting more than 15% of the market. This type of fiber is also used as a headliner, furnishing fabric, carpeting, etc., for the automotive industry. Industrial is the fourth-largest industry for modacrylic fiber end-use and constitutes more than 10% of the market. This type of fiber can be used for a large variety of different applications: as a filtering, insulation, and reinforcement agent.The segment’s growth is driven by an increasing demand for high-performance materials.
Modacrylic Fiber Market Application Insights
The application segment of the Modacrylic Fiber Market is categorized into Knitting, Weaving, Nonwovens, and Other Applications. Knitting is the largest application segment, accounting for over 40% of the Modacrylic Fiber Market revenue in 2023. The growth of this segment is primarily driven by the increasing demand for Modacrylic fiber in the production of sportswear, activewear, and home textiles. Weaving is another major application segment, accounting for around 30% of the Modacrylic Fiber Market revenue in 2023. This segment is expected to witness significant growth in the coming years due to the rising demand for Modacrylic fiber in the automotive and construction industries.Nonwovens is a growing application segment, accounting for around 20% of the Modacrylic Fiber Market revenue in 2023. The growth of this segment is attributed to the increasing use of Modacrylic fiber in the production of medical textiles, filtration media, and disposable products. Other applications of Modacrylic fiber include carpets, ropes, and insulation materials. These applications are expected to contribute to the overall growth of the Modacrylic Fiber Market in the coming years.
Modacrylic Fiber Market Blend Ratio Insights
The blend ratio segment plays a crucial role in shaping the dynamics of the Modacrylic Fiber Market. Modacrylic fibers can be blended with various other fibers to achieve specific properties and cater to different applications. Key blend ratios include 100% Modacrylic: This category represents pure modacrylic fibers without any blending. It offers inherent flame retardancy and high resistance to chemicals and abrasion. Modacrylic Blends: Modacrylic fibers are often blended with other synthetic fibers, such as acrylic, to enhance specific properties.Blends with acrylic improve softness and comfort while maintaining flame retardancy. With Acrylic: The blend of modacrylic with acrylic fibers offers a balance of flame resistance and comfort. This combination is commonly used in apparel, upholstery, and automotive interiors. With Wool: Modacrylic is blended with wool to create fabrics with improved flame retardancy and durability. This blend is particularly suitable for applications where both warmth and fire safety are essential. With Cotton: Modacrylic-cotton blends combine the flame retardancy of modacrylic with the breathability and comfort of cotton.This blend finds applications in protective clothing, bedding, and healthcare textiles. The Modacrylic Fiber Market revenue for the blend ratio segment is expected to witness steady growth in the coming years, driven by increasing demand for flame-resistant and durable materials across various industries.
Modacrylic Fiber Market Grade Insights
The Modacrylic Fiber Market is segmented by Grade into Standard Grade, High-Performance Grade, and Ultra High-Performance Grade. The High-Performance Grade segment is expected to account for the largest share of the market in 2023 and is projected to continue to grow at a CAGR of 3.6% from 2023 to 2032. The growth of this segment is attributed to the increasing demand for modacrylic fibers in high-performance applications, such as protective clothing, automotive interiors, and industrial fabrics. The Ultra High Performance Grade segment is expected to be the fastest-growing segment, with a CAGR of 4.0% from 2023 to 2032.This growth is driven by the increasing demand for modacrylic fibers in extreme-performance applications, such as aerospace and defense.
Modacrylic Fiber Market Regional Insights
The regional segmentation of the Modacrylic Fiber Market offers insights into the market's geographic distribution and performance. North America is projected to hold the largest market share, driven by strong demand from the automotive and construction industries. Europe is anticipated to follow, with steady market growth. APAC is expected to witness the highest growth rate, fueled by rising demand from emerging economies such as China and India. South America and MEA are also projected to contribute to the Modacrylic Fiber Market revenue, with growing demand from various industries.These regional insights are crucial for businesses to understand market dynamics and tailor their strategies accordingly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Modacrylic Fiber Market Key Players And Competitive Insights:
Key participants in the Modacrylic Fiber Market Industry are continuously working towards gaining a competitive edge by investing in research and development, expanding product lines and enhancing distribution networks. Major Modacrylic Fiber Market players are concentrating on developing innovative products in order to meet a wide range of customer demands. In addition, producers are identifying applications and new markets to promote their modacrylic fibers product range. Modacrylic Fiber Market development is characterized by a significant number of strategic partnerships and collaborations among major players to enhance overall market competitiveness. High competitive rivalry is expected to be witnessed over the forecast period. The major participants are expected to maintain their edge by launching new products, acquisitions and geographical expansion for better customer loyalty.Major Modacrylic Fiber Market player Asahi Kasei Corporation has a significant presence and is offering a large modacrylic fibers product under the brand name “Kanecaron”. The company focuses on heavy investments in research and development to implement newer technology to enhance the performance and functionality of its existing product range. Asahi Kasei Corporation is highly capable of a strong distribution handling of a wide range of market segments in various industries. Nippon Gohsei, another key Modacrylic Fiber Market participant is operating under its brand name “SEILON” and offers a vast product range of modacrylic fibers. The company offers high quality products and maintains an eco-friendly practice supporting sustainability in its overall operations. Nippon Gohsei has a wide market presence serving clients in automotive, apparel and industry segments.
Key Companies in the Modacrylic Fiber Market Include:
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BASF SE
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Eastman Chemical Company
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DuPont
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Asahi Kasei Corporation
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Dow Chemical Company
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Kaneka
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Huntsman Corporation
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Solvay
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LyondellBasell Industries Holdings B.V.
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SABIC
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Trinseo
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Toray Industries
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Mitsubishi Chemical Corporation
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Ascend Performance Materials
Modacrylic Fiber Market Industry Developments
The Modacrylic Fiber Market is projected to reach USD 1.52 billion by 2032, exhibiting a CAGR of 3.43% during the forecast period (2024-2032). Rising demand for modacrylic fibers in the automotive, construction, and home furnishing industries is driving market growth. Modacrylic fibers offer unique properties such as flame retardancy, moisture resistance, and durability, making them well-suited for use in various applications.Recent developments in the market include the launch of new modacrylic fiber products with enhanced performance characteristics. For instance, in 2023, BASF introduced a new modacrylic fiber with improved flame retardancy and thermal insulation properties. Furthermore, strategic partnerships and acquisitions are shaping the market landscape. In 2022, Toray Industries acquired the modacrylic fiber business of Nippon Gohsei to strengthen its position in the market.
Modacrylic Fiber Market Segmentation Insights
Modacrylic Fiber Market Product Type Outlook
Modacrylic Fiber Market End-Use Industry Outlook
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Apparel
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Home Textiles
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Automotive
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Industrial
Modacrylic Fiber Market Application Outlook
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Knitting
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Weaving
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Nonwovens
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Other Applications
Modacrylic Fiber Market Blend Ratio Outlook
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100% Modacrylic
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Modacrylic Blends
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With Acrylic
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With Wool
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With Cotton
Modacrylic Fiber Market Grade Outlook
Modacrylic Fiber Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Modacrylic Fiber Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.08(USD Billion) |
| Market Size 2023 |
1.12(USD Billion) |
| Market Size 2032 |
1.52(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.43% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
BASF SE, Eastman Chemical Company, DuPont, Asahi Kasei Corporation, Dow Chemical Company, Kaneka, Huntsman Corporation, Solvay, LyondellBasell Industries Holdings B.V., SABIC, Trinseo, Toray Industries, Mitsubishi Chemical Corporation, Ascend Performance Materials |
| Segments Covered |
Product Type, End-Use Industry, Application, Blend Ratio, Grade, Regional |
| Key Market Opportunities |
1 Rising demand for artificial fur in the fashion industry2 Growing applications in automotive interiors3 Expansion in the aerospace industry4 Increasing use of protective clothing and uniforms5 Environmental regulations favoring modacrylics fire resistance |
| Key Market Dynamics |
Growing demand from the automotive industryRising popularity in the protective clothing sectorIncreasing use in home textiles and upholsteryTechnological advancements driving innovationEnvironmental concerns |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Modacrylic Fiber market was valued at approximately USD 1.12 billion in 2023 and is projected to reach USD 1.52 billion by 2032, exhibiting a CAGR of 3.43% during the forecast period.
Asia Pacific is expected to dominate the Modacrylic Fiber market throughout the forecast period due to the increasing demand for modacrylic fibers in the region's textile and apparel industries.
The increasing use of modacrylic fibers in flame-retardant applications, the growing demand for lightweight and durable materials, and the rising adoption of modacrylic fibers in the automotive and aerospace industries are primarily driving the growth of the Modacrylic Fiber market.
Modacrylic Fibers have versatile applications, including protective clothing, upholstery, filtration, wigs, and specialty papers, among others.
The key competitors in the Modacrylic Fiber market include Dow Chemical Company, Nippon Gohsei, Ltd., Toyobo Co., Ltd., and China National Bluestar (Group) Co., Ltd.
The Modacrylic Fiber market is projected to register a CAGR of 3.43% during the forecast period from 2024 to 2032.
â—¦ Fluctuations in raw material prices, intense competition from other synthetic fibers, and stringent environmental regulations pose challenges to the growth of the Modacrylic Fiber market.
The growing demand for flame-retardant materials, increasing adoption in emerging markets, and advancements in fiber technology present significant opportunities for growth in the Modacrylic Fiber market.
The integration of advanced technologies, such as nanotechnology, to enhance fiber properties, the development of sustainable and eco-friendly modacrylic fibers, and the increasing focus on lightweight and high-performance materials are key trends shaping the Modacrylic Fiber market.
The COVID-19 pandemic had a moderate impact on the Modacrylic Fiber market. While the demand for protective clothing surged, disruptions in supply chains and economic downturns affected market growth. However, the market is expected to rebound as the economy recovers.
