The demand for fire resistant fiber market is constantly increasing and the industry experts expect is to cross $5.5 billion by the end of 2026. This translates in compound average growth rate of 4.7 percent.
The fire resistant fabrics are in demand in the petrochemicals, oil and gas, mining, and chemicals sectors. In addition this fabric is used fire containment bags and covers in the transport sectors also. Industry regulators in many countries require use of fire resistant clothing thus further increasing its use.
Modacrylic the special is acrylic fiber that is used in producing fire resistant fabrics. It comprises of 35 percent by weight but less than 85 percent of acrylonitrile monomer with any long-chain synthetic polymers. This combination is then added to the fiber for flame-resistant properties.
Modacrylic Fiber Market is mostly used in Asia–Pacific where most of textile industry is located. Excellent properties such as flame-resistance, wrinkle-resistant, and self-extinguishing properties are making modacrylic fibers more popular in the textile industry for sportswear, sleepwear, blankets, carpets, curtains, and rugs.
The textile segment that held a significant share in the Modacrylic Fiber Market in 2021 and is expected to grow at a CAGR of 3.8 from 2022-27 to over $782 million. The increase in its use is due to the increasing usage of modacrylic in the clothing component. In 2021 the Asia-Pacific held 43 percent share in the Modacrylic Fiber Market in 2021.
Modacrylic fibers are soft and warm when made into clothing, are abrasion resistant, very resilient, and have high elastic recovery. Hence it is driven by the textile and furniture industry for its market growth. The growth can be attributed to the increasing demand for formal clothes, sportswear, sleepwear, and blankets from the bolstering textile industry across various regions globally. However, due to their poor conductivity of heat, these fabrics can shrink at high temperatures, which is restricting their market growth.
