Acrylic Fibre Market: Growing Use Of Acrylic Fibers In A Wide Range Of Products responsible for market expansion

Acrylic Fibre Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Acrylic Fibre Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 4,633.7 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 7,196.0 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to the growing use of acrylic fibers in a wide range of products, such as apparel, home furnishing, and industrial clothing, which is expected to provide a strong growth opportunity during the forecast period.

ChemView Consulting has analyzed that the acrylic fiber market is highly dynamic and is experiencing substantial growth over the forecast period. As per industry experts, critical factors driving the acrylic fiber market include advancing use in the production of knitted items, automotive applications, and mass-produced items. With the recent recognition of acrylic fiber’s ability to blend with other materials, the material is observing a rapid rise in its demand. The use of this fiber in blends with materials like cotton, wool, polyester, and others is gaining momentum due to its favorable physical, chemical, and thermo-biological features.

Moreover, as fiberglass fabric becomes more popular due to its durability, expandability, and hardness, it will continue to stimulate demand for this material over the coming years.

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Segments Covered in Report

By Fiber Form:

  • Staple
  • Filament

By Dyeing Method:

  • Acid
  • Gel
  • Undyed

By Blending:

  • Wool
  • Cotton
  • Others

By End Use:

  • Apparels
  • Home Furnishing
  • Industrial
  • Outdoor

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Acrylic Fibre Market

  • Based on the Fiber Form, Acrylic Staple Fibre had 55.0% of the market share and had the highest revenue share in this group of products. This can be attributed to the rising usage of stable acrylic fiber forms across end-use verticals. A non-continuous, rather short-length fiber is a staple fiber. Due to their limited length, staple fibers must be twisted together to create a long, continuous yarn.
  • Based on the End Use, The global textile and apparel industry will continue to grow. The acrylic fiber market holds the largest share, as it helps make up a large portion of the textile industry. It is manufactured as a filament, cut into short staple lengths, and spun into yarn.
  • Based on Region, In 2021, Asia-Pacific dominated the acrylic fiber market 2021, with a share of 61.2%. Due to the rising growth of the textile industry, especially in countries such as China and India, demand for acrylic fiber has increased in this region.

Competition Summary

Key companies covered in the market study are Aksa Akrilik Kimya Sanayii A., Dralon, Aditya Birla Group, Jilin Chemical Fiber Company, TAEKWANG INDUSTRIAL CO., LTD, Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., Vardhman Acrylics Ltd.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

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