Modacrylic Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

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

The report covers the following objectives:

• Proliferation and maturation of trade in the Modacrylic Fiber Market.
• The market share of the Modacrylic Fiber Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Modacrylic Fiber Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Modacrylic Fiber Market.

Key Questions Answered by Modacrylic Fiber Market Report

• What was the Modacrylic Fiber Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Modacrylic Fiber Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Modacrylic Fiber Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Media Contact:

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Contact Person: Mr. Anurag Tiwari
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Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.