Acrylic Fibre Market Size, Share, Demand, Growth & Trends by 2032
The global acrylic fibre market is projected to reach a valuation of US$ 7,779.0 Mn in 2032, with the demand growing at a stagnant CAGR of 3.9% over the forecast period of 2022 to 2032. Climbing up from a value of US$ 5,113.4 Mn in 2021, the acrylic fibre market will reach an estimated US$ 5,306.0 Mn by the end of 2022.
Large-scale usage across a variety of end-use
industries, and escalating use in the production of knitted items drives the
acrylic fibre market during this period of observation. The material’s use in
the making of craft yarns, fake fur, carpets, vehicle covers, and upholstery
fabric will further augment its sales.
With recent recognition of acrylic fibre’s ability to
blend with other materials, the material is observing a rapid rise in its
demand. The use of this fibre in blends with materials like cotton, wool,
polyester, and others is gaining momentum due to its favorable physical,
chemical, and thermo-biological features.
Again, these fibres provide a more aesthetic and
natural look; they are highly resistant to microbial attack, mild alkalis, and
UV deterioration. Thus, acrylic fibres are increasingly used to create
different types of garments and even used in the home furnishing industry.
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Moreover, some recent developments in the acrylic
fibre market such as the material’s use in the production of carbon fibres,
flame-retardant acrylic fibre, weather-resistance acrylic fibre, antimicrobial
acrylic fibre have generated more opportunities for the market. Flame-retardant
acrylic fibre, weather-resistance acrylic fibre, antimicrobial acrylic fibre
are materials that are often used in hospitals, manufacturing industries, and
others.
Advancements in processing and other technologies
will also contribute to market growth as this kind of progress may make it
feasible to produce acrylic fibres from new sources. All of these factors will
foster an environment of growth for the acrylic fibre market during the
assessment period.
“Increasing use of acrylic fibre in end
use industries like home furnishing, apparels, industrial goods, and many
others is expected to encourage the market growth of acrylic material over the
forecast period,” says an FMI
analyst.
Key Takeaways:
- Expanding
fashion industry to facilitate lucrative market opportunities.
- Raw
material price fluctuations and availability of alternatives may impede
market growth.
- The
acrylic fibre market in India is predicted to grow at a high CAGR.
- Export
of synthetic fibres to drive market growth in China.
- By
dyeing method, the gel dyeing segment will gain a notably high revenue
during the forecast period.
- By
form, the acrylic staple fibre segment is predicted to register a 3% CAGR
over the assessment period.
Competitive Landscape
Aksa Akrilik Kimya Sanayii A., Dralon,
Aditya Birla Group, Jilin Chemical Fiber Company, TAEKWANG INDUSTRIAL CO., LTD,
Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati
Acrylon Ltd., Vardhman Acrylics Ltd., and others
are some of the major players in the acrylic fibre market that are profiled in
the full version of the report.
Major market players are focusing on product
innovation and releases. These businesses are also employing expansion and
acquisition strategies to gain a competitive advantage.
Acrylic Fibre Market by Category
By Fiber Form:
- Staple
- Filament
By Dyeing Method:
- Acid
- Gel
- Undyed
By Blending:
- Wool
- Cotton
- Others
By End Use:
- Apparels
- Home
Furnishing
- Industrial
- Outdoor
More Insights into Acrylic Fibre Market
Report
In its latest report, FMI offers an unbiased analysis
of the global acrylic fibre market, providing historical data from 2015 to 2021
and forecast statistics for 2022 to 2032. To understand the global market
potential, growth, and range, the market is segmented on the basis of fibre
form (staple, filament), dyeing method (acid, gel, undyed), blending (wool,
cotton, others), end use (apparel, home furnishing, industrial, outdoor), and
region.
According to the latest FMI reports, based on region,
the acrylic fibre market in India is expected to exhibit substantial growth
during the forecast period. The country will likely account for a major portion
of the global market share by the end of 2032.
The swiftly advancing textile industry and growing
export of yarns and fibres are accountable for the regional market growth.
Along with India, China, too, is predicted to present impressive market growth
during 2022-2032. China is the world’s leading producer of acrylic fibre,
accounting for over 30% of the global production of the material.
Based on segmentation, on the basis of the dyeing
method, the gel dyeing method is expected to dominate the market. In terms of
form, the acrylic staple fibre segment will lead the market growth over the
forecast period.
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Full Report: https://www.futuremarketinsights.com/reports/acrylic-fibre-market
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