Modacrylic Fiber Market Size, Manufacturer Analysis and Growth Forecast, 2031

A recent report by Allied Market Research offers a comprehensive analysis of the global modacrylic fiber market, highlighting key growth drivers, emerging trends, and the overall market landscape. It explores major investment opportunities, detailed market segmentation, regional trends, value chain dynamics, and the competitive environment. According to the report, the market accounted for $550.0 million in 2021 and is projected to reach $866.4 million by 2031, rising at a CAGR of 4.7% from 2022 to 2031.  

The report provides an in-depth analysis of the primary drivers fueling industry growth, while also examining the constraints that limit market expansion. It highlights emerging opportunities that could shape the future of the market. In addition, the study delves into various aspects such as market structure, size, and detailed forecasts related to market share, production, sales volume, growth prospects, as well as potential risks and challenges.  

Industry dynamics  

Modacrylic fiber, a modified synthetic acrylic fiber containing 35–85% acrylonitrile monomer by weight, offers exceptional properties such as softness, resilience, heat & chemical resistance, and shape retention. These characteristics make it ideal for applications in the automotive, industrial, and protective clothing sectors, as well as household and hair care products. Rapid infrastructure growth and increase in automotive demand in countries such as the U.S., China, and India boost its use, particularly for thermal insulation. In addition, the modern construction sector drives up demand for modacrylic-based furnishings. However, strict regulations on acrylonitrile monomers, rise in raw material costs, market competition, and limited public awareness hinder market expansion. These challenges have somewhat restrained the overall growth of the modacrylic fiber market despite its broad applicability.