Acrylic Fibre Market Size - Growth Trends, Statistics & Forecasts (2024 - 2031)

The growth of the "Acrylic Fibre market" has been significant, driven by various critical factors. Increased consumer demand, influenced by evolving lifestyles and preferences, has been a major contributor.

Acrylic Fibre Market Report Outline, Market Statistics, and Growth Opportunities

fueled by the increasing demand for acrylic fiber in various end-use industries such as textiles, apparel, and home furnishings. Market research reports indicate a positive outlook for the acrylic fiber market due to its superior properties such as durability, softness, and resistance to chemicals and sunlight. The industry faces challenges such as fluctuating raw material prices and environmental concerns related to the production process. However, opportunities for growth lie in the development of eco-friendly manufacturing processes and the expansion of applications in the automotive and construction sectors. With a projected annual growth rate of % between 2024 and 2031, the acrylic fiber market is poised for significant expansion in the coming years, presenting lucrative opportunities for stakeholders in the industry.

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Market Segmentation Analysis

Acrylic fibre market types include staple fibre, tows, and tops. Staple fibre refers to short fibres used for spinning into yarn, while tows are continuous strands of fibre bundled together. Tops are combed and straightened fibres ready for spinning.

In terms of application, acrylic fibre is used for clothing, home furnishings and bedding, as well as industrial purposes. It is valued for its softness, durability, and resistance to wrinkles and fading. In clothing, it is popular for its wool-like feel; in home furnishings, for its ability to mimic the look of natural fibers; and in industrial use, for its strength and resilience.

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The Impact of Covid-19 and Russia-Ukraine War on Acrylic Fibre Market 

The Russia-Ukraine war and post-Covid-19 pandemic are expected to have significant consequences on the acrylic fibre market. The ongoing conflict has disrupted supply chains and increased geopolitical tensions, leading to uncertainty in the market. This, combined with the effects of the pandemic, has created challenges for manufacturers and distributors in the acrylic fibre industry.

Despite these challenges, the acrylic fibre market is expected to experience moderate growth as global demand gradually rebounds. As economies recover from the pandemic, there will likely be an increase in demand for acrylic fibre products in various sectors such as textiles, automotive, and construction.

One major benefactor of this growth could be acrylic fibre manufacturers in countries not directly impacted by the Russia-Ukraine conflict, who may see increased market share and expansion opportunities. Additionally, businesses that are able to adapt to the changing market conditions, streamline their operations, and effectively manage supply chain disruptions may also benefit from the evolving landscape of the acrylic fibre industry.

Companies Covered: Acrylic Fibre Market

• Aksa
• Dralon
• AdityaBirlaGroup
• Exlan
• MitsubishiRayonGroup
• Taekwang
• FormosaPlasticsCorporation
• Tong-HwaSyntheticFiber
• KaltexFibers
• Toray

Acrylic fiber is a synthetic fiber known for its softness, warmth, and resistance to sunlight and chemicals. Market leaders in the acrylic fiber industry include companies like Aksa, Dralon, Aditya Birla Group, and Mitsubishi Rayon Group.

New entrants in the acrylic fiber market include companies like Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, and Toray. These companies can help grow the acrylic fiber market by introducing innovative products, expanding distribution networks, and investing in research and development.

- Aksa: Sales revenue of $ billion

- Dralon: Sales revenue of $800 million

- Aditya Birla Group: Sales revenue of $500 million

Overall, these companies play a key role in the growth of the acrylic fiber market through their expertise, resources, and commitment to quality products.

Country-level Intelligence Analysis 

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The acrylic fibre market is witnessing significant growth across various regions. In North America, the United States and Canada are driving market expansion with a strong demand for acrylic fibres in the textile industry. In Europe, countries like Germany, France, and the United Kingdom are expected to dominate the market due to increasing adoption of acrylic fibres in the apparel and home furnishing sectors. The Asia-Pacific region, particularly China, Japan, and India, is also experiencing rapid growth in the acrylic fibre market. Latin America and the Middle East & Africa regions are poised for substantial growth opportunities, with countries like Mexico, Brazil, Turkey, and Saudi Arabia showing increased demand for acrylic fibres. China is expected to dominate the market with a market share percent valuation of X%.

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What is the Future Outlook of Acrylic Fibre Market?

The present outlook of the acrylic fibre market is positive, with increasing demand from various end-use industries such as textiles, paper and packaging, and automotive. The market is expected to continue growing due to the rising consumer preference for durable and lightweight products. Additionally, the development of innovative technologies in acrylic fibre production is also projected to drive market growth in the future. Factors such as the increasing focus on sustainable and eco-friendly materials are likely to further boost the demand for acrylic fibre in the coming years. Overall, the future outlook of the acrylic fibre market appears promising and is anticipated to witness steady growth.

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Market Segmentation 2024 - 2031

In terms of Product Type, the Acrylic Fibre market is segmented into:

• StapleFibre
• Tows
• Tops

In terms of Product Application, the Acrylic Fibre market is segmented into:

• ForClothing
• ForHomeFurnishingsandBedding
• ForIndustrialUse

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Key FAQs 

• What is the outlook for the Acrylic Fibre market in the coming years?

It provides insights into future growth prospects, challenges, and opportunities for the industry.

• What is the current size of the global Acrylic Fibre market?

The report usually provides an overview of the market size, including historical data and forecasts for future growth.

• Which segments constitute the Acrylic Fibre market?

The report breaks down the market into segments like type of Acrylic Fibre, Applications, and geographical regions.

• What are the emerging market trends in the Acrylic Fibre industry?

It discusses trends such as sustainability, innovative uses of Acrylic Fibre, and advancements in technologies.

• What are the major drivers and challenges affecting the Acrylic Fibre market?

It identifies factors such as increasing demand from various industries like fashion, automotive, and furniture, as well as challenges such as environmental concerns and regulations.

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