Global Acrylic Fiber Market Research Report: Forecast (2024-2030)

Acrylic Fiber Market Report - By Form (Continuous/Filament(Tow) Fiber, Non-continuous/Staple Fiber), By Blend (Acrylic-Wool, Acrylic-Viscose, Acrylic-Nylon, Acrylic-Cotton, Others (Cellulose, Rayon, e... ... (Cellulose, Rayon, etc.)), By End-Use Industry (Textiles & Apparel, Furniture & Upholstery, Industrial, Building & Construction, Automotive, Others), and Others Read more

  • Chemicals
  • May 2024
  • 196
  • PDF, Excel, PPT

Market Definition

Acrylic fibers, crafted from synthetic polymers primarily consisting of polyacrylonitrile, boast an average molecular weight of approximately 1,000,000 units, equivalent to nearly 1,900 monomer units. These fibers demonstrate remarkable resilience against UV degradation, microbial growth, bleaching agents, and mild alkalis. Renowned for their exceptional stability, elasticity, and low density, acrylic fibers find extensive applications in the apparel manufacturing industry.

Market Insights & Analysis: Global Acrylic Fiber Market (2024-30):

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.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 3.5%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
Key Companies Profiled Reliance Industries Limited (RIL), Thai Acrylic Fiber Co. Ltd. (TAF), 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., and others
Market Value (2024) USD 2.65 Billion

 

Moreover, the cost of natural fibers is relatively greater than that of acrylic fibers. According to East Asia Textile Technology Ltd., the price of acrylic fiber lies within the range of USD2-3/kg, whereas the cost of wool is more than USD8/kg. The low price of acrylic fibers is compelling the local apparel manufacturers to use these fibers to produce & sell garments company at significantly lower costs. Additionally, several top companies are seeking ways to reduce overall garment costs to attract more consumers. However, the costly raw materials previously used by the manufacturers accounted for the higher cost of garment manufacturing. According to the Online Clothing Study, around 60%-70% of the total garment costs are due to the expensive raw materials & fabric. Therefore, the top market players are increasingly using acrylic fibers to minimize their overall production costs & garment costs.

Additionally, the top companies are actively investing in Research and Development (R&D) to enhance the features and develop high-quality acrylic fiber. These strategic initiatives would result in the development of acrylic fibers with unique & advanced properties. As a result, several apparel manufacturers would continue to use these acrylic fibers to introduce their new apparel range, enlarging the Global Acrylic Fiber Market size.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumption
  3. Executive Summary
  4. Global Acrylic Fiber Market Trends & Insights
  5. Global Acrylic Fiber Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Acrylic Fiber Market Hotspot & Opportunities
  7. Global Acrylic Fiber Market Supply Chain Analysis
  8. Global Acrylic Fiber Market Regulation & Policy
  9. Global Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Volume (Thousand Tons)
    2. Market Share & Analysis
      1.  By Form
        1. Continuous/Filament(Tow) Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. Non-continuous/Staple Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)
      2.  By Blend
        1. Acrylic-Wool- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. Acrylic-Viscose- Market Size & Forecast 2019-2030, (Thousand Tons)
        3. Acrylic-Nylon- Market Size & Forecast 2019-2030, (Thousand Tons)
        4. Acrylic-Cotton- Market Size & Forecast 2019-2030, (Thousand Tons)
        5. Others (Cellulose, Rayon, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)
      3.  By End-Use Industry
        1. Textiles & Apparel- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. Furniture & Upholstery- Market Size & Forecast 2019-2030, (Thousand Tons)
        3. Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
        4. Building & Construction- Market Size & Forecast 2019-2030, (Thousand Tons)
        5. Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
        6. Others- Market Size & Forecast 2019-2030, (Thousand Tons)
      4.  By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5.  By Company
        1. Competition Characteristics
        2. Revenue Shares
  10. North America Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
      3. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
      4. By Country- Market Size & Forecast 2019-2030, (Thousand Tons)
        1. The US
        2. Canada
        3. Mexico
    3. The US Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    4. Canada Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    5. Mexico Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
  11. South America Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
      3. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
      4. By Country- Market Size & Forecast 2019-2030, (Thousand Tons)
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    4. Argentina Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
  12. Europe Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
      3. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
      4. By Country- Market Size & Forecast 2019-2030, (Thousand Tons)
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    4. Germany Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    5. France Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    6. Italy Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    7. Spain Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
  13. The Middle East & Africa Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
      3. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
      4. By Country- Market Size & Forecast 2019-2030, (Thousand Tons)
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of The Middle East & Africa
    3. Saudi Arabia Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    4. The UAE Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    5. South Africa Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
  14. Asia-Pacific Acrylic Fiber Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
      3. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
      4. By Country- Market Size & Forecast 2019-2030, (Thousand Tons)
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia-Pacific
    3. China Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    4. Japan Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    5. South Korea Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    6. India Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
    7. Australia Acrylic Fiber Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Volume (Thousand Tons)
      2. Market Size & Analysis
        1. By Blend- Market Size & Forecast 2019-2030, (Thousand Tons)
        2. By End-Use Industry- Market Size & Forecast 2019-2030, (Thousand Tons)
  15. Global Acrylic Fiber Market Key Strategic Imperatives for Success & Growth
  16. Competitive Outlook
    1. Company Profiles
      1. Reliance Industries Limited (RIL)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Thai Acrylic Fiber Co. Ltd. (TAF)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Aditya Birla Management Corporation Pvt. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Aksa Akrilik Kimya Sanayii AŞ
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. China Petrochemical Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Dralon
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Formosa Plastics Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Goonvean Fibres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Japan Exlan Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Jiangsu Zhongxin Resources Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Jilin Chemical Fiber Group Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Kaltex
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Mitsubishi Chemical Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Pasupati Acrylon Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Polyacryl Iran Corp.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances Or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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