Acrylic Fibre Market

Global Acrylic Fibre Market Analysis and Opportunity Assessment by Fibre Form, Dyeing method, Blending, End-use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,562.3 Mn between 2022 and 2032

Category: Chemicals & Materials


ID: CVC-00462


Format: PDF+Excel Dataset


Published Date: October 2022


Pages: 320

Acrylic Fibre Market Size Analysis

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.

Market Dynamic


Demand for clothing and apparel has seen a tremendous rise in the last few years, with a change in the financial landscape and the introduction of fast fashion as some of the primary catalysts for the market. Clothing item consumption in developing countries is especially picking up the pace due to a rapid increase in their GDP. China and India are projected to be the fastest-growing countries in the industry as they invest heavily in the market.


As such, there are many different types of substitutes for acrylic fiber during the forecast period. For instance, some commonly used synthetic fibers are polyester, polyamide, and polypropylene. Polyester fibers are the most widely used synthetic fiber in the world, primarily due to their durability, lightweight form factor, and strong fastness to dyes.


The increase in demand for the furniture & upholstery market drives the acrylic fiber market. The e-commerce space for furniture & upholstery has steadily risen due to the ease of viewing products and availability. The Covid-19 pandemic further bolstered this as stay-at-home culture, and social distancing became common norms. This led to an increase in sales of furniture and upholstery online.

COVID-19 Impact

The global acrylic fiber market is projected to grow in the forecast period of 2022-2027. Many industries had suffered a tumultuous time, and it was no different for this market.

During the COVID-19 pandemic, many businesses & production facilities came to a halt. As such, the fiber industry has been experiencing a challenging environment. The trend is expected to continue in the coming years as more production facilities reopen and the economy recovers.

Acrylic Fibre Market

Market 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)

Segment-Wise Analysis

Why is Acrylic Staple Fibre projected to ensure the most revenue during the forecast period?

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. To create threads with a natural feel, synthetic fibers can be used alone or chopped into similar short lengths and mixed with natural staple fibers.

Why has Gel Dyeing will become the fastest-growing segment?

Gel dyeing is a continuous tow dyeing technique in which soluble colors are applied to wet-spun synthetic fibers. At the same time, they are in gel condition, such as acrylic or modacrylic fibers. The gel dyeing method has great environmental benefits compared to traditional processes and is therefore preferred by manufacturers.

Why is the textile & apparel industry segment expected to expand the fastest during the forecast period?

In 2021, 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. Acrylic fibers are resistant to moths, oils, and chemicals and provide a soft and warm feel while also being lightweight. It also has excellent wicking ability, which lets the acrylic fiber fabric absorb moisture from sweating and transfer it to the outer surface where it is evaporated.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, Asia-Pacific dominated the acrylic fiber market 2021, with a share of 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.
  • Europe is the leading producer of acrylic fibers. The market is projected to grow at an estimated value CAGR of 8 % in 2022. The UK is the world’s leading manufacturer of these fibers.

Competition Analysis

The industry is expected to continue growing in developing countries. Several major players have entered emerging regions, with more investments, mergers, and acquisitions anticipated. R&D investments are seen as a significant source of future growth opportunities.

Some of the key developments that have taken place in the Acrylic Fibre Market include:

  • In 2021, researchers at Oak Ridge National Laboratory created a cheap carbon fiber that could reduce the price of wind turbine blades. Fiber is initially a widely accessible raw material with thick bundles of acrylic fibers used in the textile industry.
  • In March 2021, The product portfolio of Thai Acrylic Fibre Co. Ltd.’s Radianza, an eco-friendly and sustainable fiber created with gel-dying technology, has increased with 20 additional hues.

A list of some of the key suppliers present in the market are:

  • Aksa Akrilik Kimya Sanayii A.
  • Dralon
  • Aditya Birla Group
  • Jilin Chemical Fiber Company
  • Exlan Japan Co., Ltd.
  • Kaneka Corporation
  • Indian Acrylics Limited
  • Pasupati Acrylon Ltd.
  • Vardhman Acrylics Ltd

Report Coverage and Highlights

  • 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.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Fibre Form, Dyeing method, Blending, End-use, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.

The recent recognition of the beneficial use of acrylic f in blending with other materials has generated a significant demand. They can take multi-color dyes in clear, brilliant, and subdued tones.

Major global Acrylic Fibre Market players 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

Over the next ten years, it’s anticipated that factors including a rapidly expanding population, changing lifestyles, rising disposable money, and a thriving fashion sector would indirectly affect the expansion of acrylic fiber.

The Asia Pacific region is expected to account for the largest market revenue share in the Global Acrylic Fibre market.

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