The global acrylic fiber market report overview:
“The global acrylic fiber market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The global acrylic fiber market report also offers insightful and detailed information regarding the various key players operating in the global acrylic fiber market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global acrylic fiber market report has been segmented on the basis of foam, blend, application, and region.
Acrylic fiber is a long-chain synthetic polymer that contains 85% of acrylonitrile monomer. Acrylic fiber is similar to wool by characteristics but has better properties than wool such as good drying capacity, resistance to chemicals, moisture management, and good resiliency.
Acrylics are manufactured by two different methods namely the wet spinning method and the dry spinning method. Methyl acrylate and vinyl acetate are the mostly used co-monomers in manufacturing acrylic fiber along with some content of sodium itaconate. The co-monomers in the acrylics fiber improve flexibility, dyeability, and textile processing ability.
The demand for acrylic fiber is projected to grow over the forecast period owing to growing consumption for blending other materials to enhance the properties of the end products. The low availability of substitute products such as wool and cotton is expected to have a positive impact on the acrylics fiber market over the forecast period.
The staple form segment is expected to dominate the acrylics fiber market over the forecast. This form of acrylic is used in the textile industry for yarn production, blanket, and carpet industries. The growing textile industry is expected to fuel the demand growth for acrylic fiber over the forecast.
The cotton blending segment is expected to be the fastest-growing application segment in the global acrylics fiber market. Acrylic fiber is used to blend other materials, this blending enhances the physical and chemical properties of the end products. Increasing demand for end products is expected to boost the demand for acrylic fiber for blending over the forecast period.
Apparels are the major application segment in the global acrylics fiber market. Growing demand for soft, lightweight, and warm apparel is expected to boost the demand for acrylic fiber over the forecast. Acrylic fiber is used as a low-cost alternative to wool apparel due to its similar properties and similar feeling to the material.
The Asia Pacific is expected to be the fastest-growing region. The growing textile industry in India, China, and other regions of Asia Pacific coupled with the rising disposable income of the people in the region is expected to fuel the market growth of acrylics fiber. Stringent government regulations in Europe and North America regarding the production of acrylic fiber are expected to retrain the market in the region.
Market segmentation and key players operating in the global market:
Global Acrylic Fiber Market segmentation, by foam:
Global Acrylic Fiber Market segmentation, by blend:
Global Acrylic Fiber Market segmentation, by application:
- Home furnishing
Global Acrylic Fiber Market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Aditya Birla Group
- Aksa Akrilik Kimya Sanayii A.S.
- Dralon GmbH
- Taekwang Industrial Co. Ltd
- Indian Acrylics Limited
- Pasupati Acrylon Limited
- Exlan Japan Co. Ltd.
- Kaneka Corporation
- Vardhman Acrylics Ltd
- Chemtex Group
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