Future Market Insights delivers key insights on the global acrylic fibre market in a new publication titled “Acrylic Fibre Market: Global Industry Analysis and Opportunity Assessment, 2022 – 2032”.
Major demand for acrylic fibre is expected to come from Asia Pacific, Middle East Africa, and Latin America over the forecast period and the global acrylic fibre market is projected to reach a market value of US$ 7,779.0 Mn by 2032 end, registering a CAGR of 3.9% over the forecast period.
The global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. As the demand for acrylic fibres is stagnant in the developed economies of North America and Western Europe, significant opportunity for growth in the global acrylic fibre market lies in the regions of APEJ, Latin America, and Middle East Africa.
Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-colour dyes in clear, bright and muted tones. They impart natural aesthetics to fabrics as opposed to their nylon and polyester counterparts. Also, acrylic fibres have excellent resistance to ultraviolet degradation, weak alkalis, and microbiological attack.
Regional market projections
The global acrylic fibre market is segmented into seven key regions namely, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America, and Middle East Africa. In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of 4.4% over the forecast period.
While markets in Japan, U.S., and Europe are expected to register a below average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to growing use of acrylic fibre for various applications along with macroeconomic growth of a population driven textile industry in the region.
Key Segments Covered
By Fibre Form:
By Dyeing Method:
By End Use:
- Home Furnishing
Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd.
Research and development is being carried out to improvise the properties of acrylic fibre by modifying its inherent characteristics. In order to compete with substitutes of acrylic fibre such as polyester and cellulose acetate fibres, key companies in the APEJ region have invested significantly in RD initiatives.
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