The Modacrylic Fiber Market is expected to record a CAGR of over 4% over the forecast period. One of the key factors driving the market is the increasing demand for mod acrylic fibers used in protective clothing. However, EPA regulations on the use of residual monomers in mod acrylic fibers are expected to hinder the growth of the studied market.
The growing demand for modacrylic fibers is mainly due to the growing demand for hair fiber applications and protective clothing. Due to the increase in standardization and industrialization, it is expected that the requirements for protective clothing to ensure the safety of employees will also increase. Modacrylic fibers are expected to grow significantly during the forecast period due to lifestyle changes and increasing demand for hair wigs and hair extensions. However, fluctuations in raw material prices are expected to interfere with the forecast period. In addition, the presence of alternative materials such as nylon and rayon is expected to further hinder the development of the mod acrylic fiber market during the forecast period.
A full report of Modacrylic Fiber Market available at https://www.orionmarketreports.com/modacrylic-fiber-market/15342/
Major Players
• Kaneka Corporation
• Aditya Birla Management Corporation Pvt. Ltd.
• Formosa Plastics Corporation
• Dralon
• Aksa Akrilik Kimya Sanayii A.Ş.
Modacrylic Fiber Market: Segmentation
By Application
• Protective Apparel
• Hair Fiber
• Upholstery & Household
• Pile (Synthetic/Fake fur)
• Industrial Fabrics
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