Acrylic Fiber Market – share, Outlook, Trends, Size and Forecast (2024 – 2032)

The global acrylic fibre market is projected to reach a market value of US$ 6,180.82 Million by 2024 end, registering a CAGR of 3.5% over the forecast period. Acrylic fibre is a fibre-forming substance that can be a long-chain synthetic polymer which contains at least 85% by weight of acrylonitrile monomer. Acrylic fibre resembles wool in its character but has advantages over wool such as good drying capacity, high moisture management, resistance to moths and chemical substances, and good resiliency among other properties.

Acrylic Fiber Market Share:

By dyeing method, the global acrylic fibre market is segmented into acid, gel, and undyed. The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period. The gel dyeing segment is expected to dominate the global acrylic fibre market, with 56.5% market revenue share, valued at the USD 2,450.99 Million by 2016 end.

Acrylic Fiber Market Size:

Geographically, Asia Pacific region is the most significant market for Acrylic Fiber due to growing acrylic fibre manufacturers because of fewer legislations by environmental regulatory bodies. The apparel industry is dominating segment in China, Indonesia, Japan, and others. With rapid urbanisation and changing, the lifestyle of consumer along with an increase in household spending primarily in the domestic market is expected to drive the market growth in developing regions

Acrylic Fiber Market Growth:

The global Acrylic Fiber has seen steady growth over the past year, and it is expected to see the similar growth in next coming years. The factors that have influenced the global market are; growing demand of Apparel with changing climatic conditions and changing demographics, increasing the standard of living with modern trends in household furnishing is expected to lead the market growth.

Acrylic Fiber Market Industry Analysis:

The global Acrylic Fiber market is majorly segmented by form, blending, end use and region. On Basis of structure, global acrylic fibre market is segmented into staple and filament. Based on combining, acrylic fibre market is segmented into wool, cotton, and others. Based on end use, acrylic fibre is segmented into apparel, household furnishing, industrial and others. Based on region market is divided into North America, Europe, Asia-Pacific, South America, Middle East & Africa.

Acrylic Fiber Market Outlook:

The major challenge for the global acrylic fibre market is the availability of substitutes, like polyesters, which are cheaper than acrylic fibres. The stringent environmental regulations, across the world, especially in Europe and North America, regarding the production of acrylic fibres, have negatively impacted the market growth.

Acrylic Fiber Market Trends:

Sinopec Engineering has been awarded EPC contract for a Russian project. Birla Carbon’s Greenfield facility commences operations in Jining, China. Mitsubishi Chemical Holdings Corporation has been recognised for the first time as a global leader in sustainable water management and has been awarded a position.

Acrylic Fiber Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by the analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
• Sinopec
• Mitsubishi Rayon Group
• Aditya Birla Group
• Kaneka Corporation
• Pasupati Acrylon Ltd.