Insights into the Acrylic Fiber Market: Share, Demand Trends, and Growth Analysis

MarkNtel Advisors analyses the growth rate of the Acrylic Fiber market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Acrylic Fiber market, helping them make informed decisions.

Market Outlook – 2024-2030:

The Global Acrylic Fiber Market size is estimated at around USD 2.65 billion in 2024 & is expected to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30. The acrylic fiber industry is experiencing substantial growth & expansion driven by increasing demands within the textiles and apparel industries and the rising adoption of sustainable production methods utilizing innovative technology. The acrylic fiber offers better washability, UV resistance, and microbial attack resistance. Additionally, these fibers are available in various colors and provide resistance to shrinkage, unlike cotton and other natural fibers. According to the research conducted by academic institutes, the acrylic fibers shirk only 1.5% when treated with boiling water for 30 minutes. Owing to these unique attributes of the fibers, the top apparel companies are using acrylic fibers to make different clothing, fueling the Global Acrylic Fiber Market growth.

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Key Company Profiles

This report explores recent significant developments in the Acrylic Fiber Market, focusing on the leading companies and their innovative profiles. The major players in the Acrylic Fiber Market, featured in this report, include:

Reliance Industries Limited (RIL)
Thai Acrylic Fiber Co. Ltd. (TAF)
Strategic Alliances or Partnerships
Aditya Birla Management Corporation Pvt. Ltd.
Aksa Akrilik Kimya Sanayii AŞ
China Petrochemical Corporation
Dralon
Formosa Plastics Corporation
Goonvean Fibres
Japan Exlan Co. Ltd.
Jiangsu Zhongxin Resources Group
Jilin Chemical Fiber Group Co. Ltd.
Kaltex
Mitsubishi Chemical Corporation
Pasupati Acrylon Ltd.
Polyacryl Iran Corp.
Other

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Acrylic Fiber Market to forecast revenues and analyse trends across each of the following sub-markets:

By Form
- Continuous/Filament(Tow) Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)
- Non-continuous/Staple Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)
By Blend
- Acrylic-Wool- Market Size & Forecast 2019-2030, (Thousand Tons)
- Acrylic-Viscose- Market Size & Forecast 2019-2030, (Thousand Tons)
- Acrylic-Nylon- Market Size & Forecast 2019-2030, (Thousand Tons)
- Acrylic-Cotton- Market Size & Forecast 2019-2030, (Thousand Tons)
- Others (Cellulose, Rayon, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)

The acrylic-wood blend segment dominates the acrylic fiber industry, holding the largest market share. Acrylic fibers are frequently combined with various other fibers, such as wool, nylon, and cotton, to amplify their characteristics and yield more resilient fibers.

By End-Use Industry
- Textiles & Apparel- Market Size & Forecast 2019-2030, (Thousand Tons)
- Furniture & Upholstery- Market Size & Forecast 2019-2030, (Thousand Tons)
- Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
- Building & Construction- Market Size & Forecast 2019-2030, (Thousand Tons)
- Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
- Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

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What are the primary factors driving the growth of the Global Acrylic Fiber market?

Flourishing Apparel Industry to Augment Market Growth – The apparel industry across the world is being fueled by various factors, such as fast fashion and fluctuating financial situations. The consumption of clothing in emerging economies has increased rapidly due to a surge in GDP growth, especially observed in developing countries like China and India, which are investing heavily in their markets. Government schemes for textile manufacturing, like production-linked incentives, have been implemented by nations including India, which help boost manufacturing capabilities.

In 2022, Chinese textile companies had an incredible increase in profits of 25.5%, while also breaking records with garment exports valued at USD 315 billion. Thus enhancing its potential market value even further. The global apparel sector shows continued positive incremental growth projections where levels will hit peak values exceeding the USD 2.9 trillion mark, expanding up to rates of around 3-8% annually in the coming years. Therefore, the growing apparel industry leads to a higher demand for acrylic fiber.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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