Market Size of Modacrylic Fiber Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 560.16 Million |
| Market Size (2029) | USD 666.58 Million |
| CAGR (2024 - 2029) | 3.54 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Modacrylic Fiber Market Analysis
The Modacrylic Fiber Market size is estimated at USD 560.16 million in 2024, and is expected to reach USD 666.58 million by 2029, growing at a CAGR of 3.54% during the forecast period (2024-2029).
Declined raw material supply during COVID-19 had impacted the production of modacrylic fiber. However, the surging textile industry after the pandemic propelled the demand for the modacrylic fiber industry.
- One of the main factors driving the market is the growing demand for modacrylic fiber for use in protective apparel.
- However, an EPA regulation on the use of residual monomers in modacrylic fiber is expected to hinder the growth of the market studied.
- Growing demand for modacrylic fiber as hair fiber is likely to act as an opportunity for the market studied in the coming years.
- The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.
