Global Modacrylic Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic / Fake Fur) and Industrial Fabrics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn148930578 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Modacrylic Fiber Market (USD Million), 2021 - 2031

In the year 2024, the Global Modacrylic Fiber Market was valued at USD 777.07 million. The size of this market is expected to increase to USD 917.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.4%.

The global modacrylic fiber market has been witnessing substantial growth due to its extensive use across various industries, primarily driven by its unique properties. Modacrylic fibers, known for their flame resistance, durability, and easy dyeability, are synthetic fibers made from acrylonitrile and other monomers. These characteristics make them highly suitable for applications in protective clothing, hair wigs, and furnishings. The demand for flame-retardant materials in sectors such as military, firefighting, and industrial safety has significantly propelled the market forward. Additionally, modacrylic fibers are preferred in the textile industry for their comfort and aesthetic appeal, further enhancing their market penetration.

The market's expansion is also influenced by technological advancements and innovations in fiber production. Manufacturers are increasingly focusing on developing environmentally friendly production processes and enhancing the performance characteristics of modacrylic fibers. This includes improving their thermal stability, strength, and resistance to various chemicals. The growing awareness and stringent regulations regarding workplace safety and fire hazards have led to increased adoption of modacrylic fibers in protective clothing, thereby driving market growth. Furthermore, the fashion industry’s demand for versatile and durable synthetic fibers has contributed to the rising prominence of modacrylic fibers.

Geographically, the market for modacrylic fibers is diversified, with significant contributions from North America, Europe, and the Asia-Pacific region. North America and Europe have been leading the market due to their established industrial bases and high demand for protective gear. Meanwhile, the Asia-Pacific region is emerging as a lucrative market, driven by rapid industrialization, urbanization, and a growing middle-class population. Key players in the market are focusing on expanding their production capacities and enhancing their product portfolios to cater to the rising global demand. As the global economy continues to recover and industries prioritize safety and sustainability, the modacrylic fiber market is poised for sustained growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Modacrylic Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Flame Resistance
        2. Durability
        3. Easy Dyeability
        4. Protective Apparel Demand
      2. Restraints
        1. High Production Costs
        2. Volatile Raw Material Prices
        3. Environmental Concerns
        4. Regulatory Compliance
      3. Opportunities
        1. Emerging Markets
        2. Technological Innovations
        3. Sustainable Production Methods
        4. Increasing Safety Standards
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Modacrylic Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Protective Apparel
      2. Hair Fiber
      3. Upholstery & Household
      4. Pile (Synthetic / Fake Fur)
      5. Industrial Fabrics
    2. Global Modacrylic Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kaneka Corporation
      2. Fushun Rayva Fiber Co., Ltd.
      3. Formosa Chemicals & Fiber Corporation
      4. Tianjin GT New Material Technology Company Limited
      5. Fushun Huifu Fire Resistant Fiber Company Limited
      6. Zhangjiagang Hengfeng Textile Company Limited
      7. Nantong Xufeng Textile Industrial Company Limited
      8. Shanghai Changjie Textile Company Limited
      9. Jiangsu Blue Peacock Chemical Fiber Co.
      10. Zhejiang Wangzhuo Knitting Co.
  7. Analyst Views
  8. Future Outlook of the Market