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After reaching a value of USD 5.8 bn in 2022, the global acrylic fibre market is expected to expand at a CAGR of 4.3% from USD 5.28 bn in 2023 to USD 6.87 bn by 2030.
The global acrylic fibre market has been expanding at a healthy rate in recent years, thanks to a number of factors including rising demand from a wide range of end-use industries, the useful qualities of acrylic fibres, and improvements in manufacturing technology. Acrylic fibres are widely used, with the textile industry being the main consumer. Knitted and woven fabrics, blankets, sweaters, and other fashion items all benefit greatly from the usage of acrylic fibres. Softness, low weight, and a rainbow of colour options all contribute to acrylic fibres' popularity in the textile business. Additionally, acrylic fibres are simple to dye, allowing for a wide variety of colorways and patterns to be produced. The expansion of the automobile sector is another factor propelling the international market. Fabrics and carpeting for automobile interiors are often made from acrylic fibres. The growing popularity of acrylic fibres may be traced back to the car industry's demand for lightweight materials as well as its pursuit of improved comfort and aesthetics. These fibres are great for a number of uses in automobiles thanks to their high levels of insulation, durability, and comfort.
Categorization by Form
The global market for acrylic fibre was led by the standard acrylic fibre category. Due to its many applications in the textile, garment, home furnishings, and industrial sectors, standard acrylic fibre commands a sizable market share. Its low cost, longevity, and adaptability have made it a favourite with businesses and consumers alike. On the other hand, Specialty Acrylic Fibre is the form of acrylic fibre that is expanding at the quickest rate worldwide. Due to its superior performance and specialised uses, specialty acrylic fibre is expanding rapidly. Acrylic fibres like these are developed to have desirable qualities like fire safety, UV resistance, moisture control, and antimicrobial safety. It's used in fields where functionality is paramount, including as outdoor wear, technical fabrics, automobiles, and protective equipment.
Methodology of Use Analysis
Across all economies, clothing was king. Sweaters, socks, scarves, and sportswear are just few of the many textile and apparel items that make use of acrylic fibres. Soft, lightweight, and resistant to wrinkles and shrinking, acrylic fibre has become increasingly popular in the textile industry. Also, producers and shoppers alike favour acrylic fibre since it is frequently combined with other natural and synthetic fibres to improve garments' durability and performance. The industrial sector is the fastest-growing end-use market for acrylic fibre worldwide. Because of their strength, durability, and resistance to chemicals and UV radiation, acrylic fibres find a wide range of industrial applications. Awnings, tents, outdoor furniture, and protective apparel are just few of the many uses for acrylic fibres in the automotive, marine, and construction industries. Rapid expansion in this market sector can also be attributed to rising demand for non-woven fabrics, which find extensive use in a variety of industrial applications such as filtration, geotextiles, and more.
Drivers
Substitute for Biological Fibres
Since acrylic fibres look and feel so much like natural fibres like wool, they are frequently employed as a substitute for the latter. Cost-conscious customers and businesses can benefit from acrylic fibres because they are less expensive than natural fibres. Demand for acrylic fibre is also being fueled by the growing number of people who are concerned about issues like environmental preservation and animal rights.
Restraints
Problems with the Environment
The manufacture of acrylic fibres is linked to environmental issues, despite the benefits they give, such as durability and performance. Greenhouse gases are released during the petrochemical-based industrial process, adding to carbon emissions. Concerns about the environmental impact of acrylic fibres have led to an increasing desire for sustainable, eco-friendly alternatives. The acrylic fibre market may face resistance from government restrictions aiming at lowering the textile industry's carbon footprint and fostering more sustainable practises.
Important Developments in the Market
This realisation has prompted a move away from nonrenewable resources and towards eco-friendly textiles and fibres. Manufacturers of acrylic fibre are adapting to this need by creating biodegradable and environmentally sound alternatives. These eco-friendly acrylic fibres are an excellent replacement for conventional acrylic in many textile and clothing applications due to their high performance and similarity in characteristics.
Report Coverage
Global Acrylic Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acrylic Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acrylic Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acrylic Fiber market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acrylic Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acrylic Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aksa Akrilik Kimya Sanayii A.Ş. (Turkey), Dralon GmbH (Germany), Aditya Birla Group - Birla Cellulose (India), Taekwang Industrial Co., Ltd. (South Korea), Kaneka Corporation (Japan), Thai Acrylic Fibre Co., Ltd. (Thailand), Pasupati Acrylon Ltd. (India), Exlan Japan Co., Ltd. (Japan), Montefibre SpA (Italy), Kaltex Fibers (Mexico), Jilin Chemical Fiber Group Co., Ltd. (China), DOLAN GmbH (Germany), Formosa Chemicals & Fiber Corporation (Taiwan), Indian Acrylics Limited (India), Hangzhou Bay Acrylic Fiber Co., Ltd. (China), The Acrylic Fiber Company (TAF) (Saudi Arabia), Taekwang Synthetics Co., Ltd. (South Korea), Vardhman Acrylics Limited (India), China Petrochemical Corporation (Sinopec) (China), Dralon Poland Sp. z o.o. (Poland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acrylic Fiber market based on the below-mentioned segments:
Global Acrylic Fiber Market, By Type
Standard Acrylic Fiber
Specialty Acrylic Fiber
Global Acrylic Fiber market, By Application
Apparel
Home Furnishings
Industrial
Others
Global Acrylic Fiber market, Regional Analysis
The global acrylic fibre market has been expanding at a healthy rate in recent years, thanks to a number of factors including rising demand from a wide range of end-use industries, the useful qualities of acrylic fibres, and improvements in manufacturing technology. Acrylic fibres are widely used, with the textile industry being the main consumer. Knitted and woven fabrics, blankets, sweaters, and other fashion items all benefit greatly from the usage of acrylic fibres. Softness, low weight, and a rainbow of colour options all contribute to acrylic fibres' popularity in the textile business. Additionally, acrylic fibres are simple to dye, allowing for a wide variety of colorways and patterns to be produced. The expansion of the automobile sector is another factor propelling the international market. Fabrics and carpeting for automobile interiors are often made from acrylic fibres. The growing popularity of acrylic fibres may be traced back to the car industry's demand for lightweight materials as well as its pursuit of improved comfort and aesthetics. These fibres are great for a number of uses in automobiles thanks to their high levels of insulation, durability, and comfort.
Categorization by Form
The global market for acrylic fibre was led by the standard acrylic fibre category. Due to its many applications in the textile, garment, home furnishings, and industrial sectors, standard acrylic fibre commands a sizable market share. Its low cost, longevity, and adaptability have made it a favourite with businesses and consumers alike. On the other hand, Specialty Acrylic Fibre is the form of acrylic fibre that is expanding at the quickest rate worldwide. Due to its superior performance and specialised uses, specialty acrylic fibre is expanding rapidly. Acrylic fibres like these are developed to have desirable qualities like fire safety, UV resistance, moisture control, and antimicrobial safety. It's used in fields where functionality is paramount, including as outdoor wear, technical fabrics, automobiles, and protective equipment.
Methodology of Use Analysis
Across all economies, clothing was king. Sweaters, socks, scarves, and sportswear are just few of the many textile and apparel items that make use of acrylic fibres. Soft, lightweight, and resistant to wrinkles and shrinking, acrylic fibre has become increasingly popular in the textile industry. Also, producers and shoppers alike favour acrylic fibre since it is frequently combined with other natural and synthetic fibres to improve garments' durability and performance. The industrial sector is the fastest-growing end-use market for acrylic fibre worldwide. Because of their strength, durability, and resistance to chemicals and UV radiation, acrylic fibres find a wide range of industrial applications. Awnings, tents, outdoor furniture, and protective apparel are just few of the many uses for acrylic fibres in the automotive, marine, and construction industries. Rapid expansion in this market sector can also be attributed to rising demand for non-woven fabrics, which find extensive use in a variety of industrial applications such as filtration, geotextiles, and more.
Drivers
Substitute for Biological Fibres
Since acrylic fibres look and feel so much like natural fibres like wool, they are frequently employed as a substitute for the latter. Cost-conscious customers and businesses can benefit from acrylic fibres because they are less expensive than natural fibres. Demand for acrylic fibre is also being fueled by the growing number of people who are concerned about issues like environmental preservation and animal rights.
Restraints
Problems with the Environment
The manufacture of acrylic fibres is linked to environmental issues, despite the benefits they give, such as durability and performance. Greenhouse gases are released during the petrochemical-based industrial process, adding to carbon emissions. Concerns about the environmental impact of acrylic fibres have led to an increasing desire for sustainable, eco-friendly alternatives. The acrylic fibre market may face resistance from government restrictions aiming at lowering the textile industry's carbon footprint and fostering more sustainable practises.
Important Developments in the Market
This realisation has prompted a move away from nonrenewable resources and towards eco-friendly textiles and fibres. Manufacturers of acrylic fibre are adapting to this need by creating biodegradable and environmentally sound alternatives. These eco-friendly acrylic fibres are an excellent replacement for conventional acrylic in many textile and clothing applications due to their high performance and similarity in characteristics.
Report Coverage
Global Acrylic Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acrylic Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acrylic Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acrylic Fiber market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aksa Akrilik Kimya Sanayii A.Ş. (Turkey), Dralon GmbH (Germany), Aditya Birla Group - Birla Cellulose (India), Taekwang Industrial Co., Ltd. (South Korea), Kaneka Corporation (Japan), Thai Acrylic Fibre Co., Ltd. (Thailand), Pasupati Acrylon Ltd. (India), Exlan Japan Co., Ltd. (Japan), Montefibre SpA (Italy), Kaltex Fibers (Mexico), Jilin Chemical Fiber Group Co., Ltd. (China), DOLAN GmbH (Germany), Formosa Chemicals & Fiber Corporation (Taiwan), Indian Acrylics Limited (India), Hangzhou Bay Acrylic Fiber Co., Ltd. (China), The Acrylic Fiber Company (TAF) (Saudi Arabia), Taekwang Synthetics Co., Ltd. (South Korea), Vardhman Acrylics Limited (India), China Petrochemical Corporation (Sinopec) (China), Dralon Poland Sp. z o.o. (Poland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Acrylic Fiber Market from 2021 to 2030.
- Market Forecast for Acrylic Fiber Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Acrylic Fiber competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Acrylic Fiber
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acrylic Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acrylic Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aksa Akrilik Kimya Sanayii A.Ş. (Turkey), Dralon GmbH (Germany), Aditya Birla Group - Birla Cellulose (India), Taekwang Industrial Co., Ltd. (South Korea), Kaneka Corporation (Japan), Thai Acrylic Fibre Co., Ltd. (Thailand), Pasupati Acrylon Ltd. (India), Exlan Japan Co., Ltd. (Japan), Montefibre SpA (Italy), Kaltex Fibers (Mexico), Jilin Chemical Fiber Group Co., Ltd. (China), DOLAN GmbH (Germany), Formosa Chemicals & Fiber Corporation (Taiwan), Indian Acrylics Limited (India), Hangzhou Bay Acrylic Fiber Co., Ltd. (China), The Acrylic Fiber Company (TAF) (Saudi Arabia), Taekwang Synthetics Co., Ltd. (South Korea), Vardhman Acrylics Limited (India), China Petrochemical Corporation (Sinopec) (China), Dralon Poland Sp. z o.o. (Poland)
Primary Target Market
- Market Players of Acrylic Fiber
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acrylic Fiber market based on the below-mentioned segments:
Global Acrylic Fiber Market, By Type
Standard Acrylic Fiber
Specialty Acrylic Fiber
Global Acrylic Fiber market, By Application
Apparel
Home Furnishings
Industrial
Others
Global Acrylic Fiber market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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