The report “Modacrylic Fiber Market for Protective Apparel, Hair Fiber, Upholstery & Household, Pile (Synthetic/Fake Fur), Industrial Fabric – Global Forecast to 2021″, The market for modacrylic fiber is projected to grow from USD 621.9 Million in 2016 to USD 723.7 Million by 2021, at a CAGR of 3.08%.
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The hair fiber segment is projected to play a key role in the modacrylic fiber market and grow at the highest rate from 2016 to 2021.
The market for modacrylic fiber is projected to grow from USD 621.9 million in 2016 to USD 723.7 million by 2021, at a CAGR of 3.08%. Modacrylic fibers are fire resistant by nature, which makes them more suitable than other fire resistant fibers such as, meta-aramid and polybenzimidazole (PBI). They are also lighter and more comfortable to wear, which contributes towards the increasing demand for modacrylic fibers.
On the basis of application, the hair fiber segment is projected to grow at the highest rate. The hair fiber segment also held the largest market share among other applications. Modacrylic fibers are extensively used for making hair products such as, wigs, extensions, and hair pieces. These fibers give a hair-like feel and appeal to women, worldwide. Hair fibers can be dyed, curled, set, braided, straightened, washed, and dry cleaned. The growth in the demand for modacrylic hair fiber is attributed to its property of being a realistic substitute to hair.
Pile (Synthetic/Fake fur) is projected to grow at the second highest rate, based on application. This is primarily due to the appearance and warmth provided by synthetic/fake fur, which is similar to that of animal fur. These synthetic fabrics are made of modacrylic fibers or various fiber blends. Not only does synthetic fur made from modacrylic fiber provide aesthetic appeal, but also provides flame resistant characteristics, when used in the proper proportion with other fibers. Modacrylic fibers are also used in blankets, rugs, and other work clothing.
On the basis of region, the Asia-Pacific region market is projected to grow at the highest rate during the forecast period. The region is also the largest consumer of modacrylic fiber globally. The growth in the economies and rapid growth in industrialization have significantly increased the demand for modacrylic fibers in the region. Synthetic/fake fur applications of modacrylic fiber have impacted the growth of the modacrylic fiber market. Stringent industrial regulations regarding the safety of employees is expected to spur the demand for modacrylic fiber in the region. The presence of major players in the Asia-Pacific region such as, Kaneka Corporation (Japan), Formosa Plastics Corporation (Taiwan), Fushun Rayva Fibre Co. Ltd. (China), and Tianjin GT New Material Technology Co. Ltd. (China) are also contributing towards the growth of this market.
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