The global acrylic fibers market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for acrylic fibers in the garment industry and home textiles applications. The wet spinning segment accounted for more than 50% of the total revenue share in 2017, and it is expected to maintain its dominance throughout the forecast period owing to its high demand from end-use industries such as garments and home textiles.
North America accounted for more than 40% of the total revenue share in 2017, owing to its large textile industry base and growing demand from end-use industries such as garments and home textiles. Europe was another major region accounting for more than 30% of total revenue share in 2017 due to its large textile industry base and growing demand from end-use industries such as garments and home textiles. Asia Pacific is also expected to witness significant growth during the forecast period due to increasing adoption rates among consumers across countries such as China, India, Japan, South Korea, Thailand etc, which are witnessing rapid economic development with rising disposable incomes coupled with changing lifestyles that are driving up their consumption levels on apparel products including acrylic fibers used in garments or home textiles applications.
- Acrylic fibers are used in a wide range of products, including carpets, clothing, and upholstery.
- Acrylic fibers are also used in the production of acrylic yarns and fabrics for apparel and home furnishings.
- The growth in the global demand for acrylic fibers is attributed to factors such as increasing disposable income levels in emerging economies such as China and India; growing population; rising urbanization rates; increased awareness about health benefits associated with natural materials; growing popularity of eco-friendly products among consumers; etc, which will drive the market growth over the forecast period (2016-2021).
- The major players operating in this market include DuPont (US), BASF SE (Germany), SABIC (Saudi Arabia), Huntsman Corporation (US), Royal Tencate N V/ADR (Netherlands).
Industry Growth Insights published a new data on “Acrylic Fibers Market”. The research report is titled “Acrylic Fibers Market research by Types (Wet Spinning, Dry Spinning), By Applications (Garment Industry, Home Textiles, Others), By Players/Companies Aksa Akrilik, Dralon, Aditya Birla Group, Exlan, Mitsubishi Rayon Group, Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, DOLAN GmbH, SDF Group, Yousuf Dewan, Indian Acrylics, Pasupati Acrylon, Vardhman, Sinopec, Jilin Qifeng Chemical Fiber, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Fibers Market Research Report
By Type
Wet Spinning, Dry Spinning
By Application
Garment Industry, Home Textiles, Others
By Companies
Aksa Akrilik, Dralon, Aditya Birla Group, Exlan, Mitsubishi Rayon Group, Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, DOLAN GmbH, SDF Group, Yousuf Dewan, Indian Acrylics, Pasupati Acrylon, Vardhman, Sinopec, Jilin Qifeng Chemical Fiber, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Fibers Market Report Segments:
The global Acrylic Fibers market is segmented on the basis of:
Types
Wet Spinning, Dry Spinning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Garment Industry, Home Textiles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aksa Akrilik
- Dralon
- Aditya Birla Group
- Exlan
- Mitsubishi Rayon Group
- Taekwang
- Formosa Plastics Corporation
- Tong-Hwa Synthetic Fiber
- Kaltex Fibers
- Toray
- DOLAN GmbH
- SDF Group
- Yousuf Dewan
- Indian Acrylics
- Pasupati Acrylon
- Vardhman
- Sinopec
- Jilin Qifeng Chemical Fiber
- CNPC
- Jiangsu Zhongxin Resources Group
- Zhejiang Hangzhou Bay Acrylic Fiber
Highlights of The Acrylic Fibers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wet Spinning
- Dry Spinning
- By Application:
- Garment Industry
- Home Textiles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic Fibers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic fibers are made from a type of plastic that is melted and poured into a mold to create the desired shape. Acrylic fibers are often used in products such as fabric, insulation, and paint because they have a high resistance to water and chemicals.
Some of the key players operating in the acrylic fibers market are Aksa Akrilik, Dralon, Aditya Birla Group, Exlan, Mitsubishi Rayon Group, Taekwang, Formosa Plastics Corporation, Tong-Hwa Synthetic Fiber, Kaltex Fibers, Toray, DOLAN GmbH, SDF Group, Yousuf Dewan, Indian Acrylics, Pasupati Acrylon, Vardhman, Sinopec, Jilin Qifeng Chemical Fiber, CNPC, Jiangsu Zhongxin Resources Group, Zhejiang Hangzhou Bay Acrylic Fiber.
The acrylic fibers market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acrylic Fibers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acrylic Fibers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acrylic Fibers Market - Supply Chain
4.5. Global Acrylic Fibers Market Forecast
4.5.1. Acrylic Fibers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acrylic Fibers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Acrylic Fibers Market Absolute $ Opportunity
5. Global Acrylic Fibers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Acrylic Fibers Market Size and Volume Forecast by Type
5.3.1. Wet Spinning
5.3.2. Dry Spinning
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Acrylic Fibers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Acrylic Fibers Market Size and Volume Forecast by Application
6.3.1. Garment Industry
6.3.2. Home Textiles
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Acrylic Fibers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Acrylic Fibers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Acrylic Fibers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Acrylic Fibers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Acrylic Fibers Demand Share Forecast, 2019-2026
9. North America Acrylic Fibers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Acrylic Fibers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Acrylic Fibers Market Size and Volume Forecast by Application
9.4.1. Garment Industry
9.4.2. Home Textiles
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Acrylic Fibers Market Size and Volume Forecast by Type
9.7.1. Wet Spinning
9.7.2. Dry Spinning
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Acrylic Fibers Demand Share Forecast, 2019-2026
10. Latin America Acrylic Fibers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Acrylic Fibers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Acrylic Fibers Market Size and Volume Forecast by Application
10.4.1. Garment Industry
10.4.2. Home Textiles
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Acrylic Fibers Market Size and Volume Forecast by Type
10.7.1. Wet Spinning
10.7.2. Dry Spinning
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Acrylic Fibers Demand Share Forecast, 2019-2026
11. Europe Acrylic Fibers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Acrylic Fibers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Acrylic Fibers Market Size and Volume Forecast by Application
11.4.1. Garment Industry
11.4.2. Home Textiles
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Acrylic Fibers Market Size and Volume Forecast by Type
11.7.1. Wet Spinning
11.7.2. Dry Spinning
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.0.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Acrylic Fibers Demand Share, 2019-2026
12. Asia Pacific Acrylic Fibers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Acrylic Fibers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Acrylic Fibers Market Size and Volume Forecast by Application
12.4.1. Garment Industry
12.4.2. Home Textiles
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Acrylic Fibers Market Size and Volume Forecast by Type
12.7.1. Wet Spinning
12.7.2. Dry Spinning
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Acrylic Fibers Demand Share, 2019-2026
13. Middle East & Africa Acrylic Fibers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Acrylic Fibers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Acrylic Fibers Market Size and Volume Forecast by Application
13.4.1. Garment Industry
13.4.2. Home Textiles
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Acrylic Fibers Market Size and Volume Forecast by Type
13.7.1. Wet Spinning
13.7.2. Dry Spinning
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Acrylic Fibers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Acrylic Fibers Market: Market Share Analysis
14.2. Acrylic Fibers Distributors and Customers
14.3. Acrylic Fibers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aksa Akrilik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dralon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aditya Birla Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exlan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Rayon Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Taekwang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Formosa Plastics Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tong-Hwa Synthetic Fiber
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kaltex Fibers
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toray
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DOLAN GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SDF Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yousuf Dewan
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Indian Acrylics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pasupati Acrylon
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Vardhman
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sinopec
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jilin Qifeng Chemical Fiber
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNPC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jiangsu Zhongxin Resources Group
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
