A Quick Overview of Acrylic Fiber Market

The key object of this report on the Acrylic Fiber Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, 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% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Growth Driver-

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.

Acrylic Fiber Market Report Segmentation:

The report by MarkNtel Advisors on Acrylic Fiber Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

 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)

 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)

The acrylic fiber industry is set to experience significant growth, largely attributed to the textile and apparel industry, which currently holds the largest market share. Forecasts predict a substantial increase in this sector’s expansion in the upcoming years. Acrylic fibers are essential components for furnishing fabrics due to their durability against moths, oils, and chemicals, as well as their softness and lightweight nature. They can also be formed into staple lengths after being initially produced as filaments by spinning them into yarns during manufacturing processes where versatility reigns supreme.

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Some of the Top Acrylic Fiber Companies in the Market

In the fast-changing Acrylic Fiber Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• 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.
• Others

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