Market Overview:
The global functional acrylic fiber market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for functional acrylic fibers in various applications, such as apparels, home furnishing and others. Asia Pacific is expected to witness highest growth rate during the forecast period owing to rising demand from countries such as China and India. Based on type, staple fiber accounted for majority share of the global functional acrylic fiber market in 2017. However, filament is projected to grow at a higher CAGR during the forecast period due its properties such as high strength and durability. Based on application, apparels segment accounted for majority share of global functional acrylic fiber market in 2017; however home furnishing segment is projected grow at a higher CAGR during the forecast period owing to increasing demand from developed economies including U.S.
Product Definition:
Functional acrylic fiber is a synthetic fiber that has been treated with a chemical agent to make it more durable, water-resistant, and wrinkle-free. It is often used in clothing and upholstery fabrics.
Staple:
Staple fiber is a long, thin, flexible fiber that is obtained from the staple or stapling machine. It has several applications in textile and apparel industries. The demand for staple fibers is expected to grow at a significant rate owing to its usage in high-performance sportswear and military clothing along with growing consumer preference towards sustainable textiles.
Filament:
Filament is the core structure of functional acrylic fibers. It is a cylindrical polymer fiber that consists of six to eight parallel polymers, which are gathered together into a hollow tube. The most common type of functional acrylic fiber used in textiles and apparel is called staple or draw-bonded (DB) filament.
The production process for DB filament involves three steps: drawing, filling,.
Application Insights:
The apparel segment led the market and accounted for more than 40.0% share of the global revenue in 2017. The segment is expected to witness significant growth over the forecast period on account of increasing demand for sportswear, activewear and other fashionable clothing among all age groups across various regions globally. Rising health concerns, changing lifestyles along with economic development in several countries including China, India, Indonesia and others are expected to boost the demand for functional acrylic fibers in apparel applications over the forecast period.
Functional acrylic fibers have excellent properties such as breathability, water repellence/resistance which makes them suitable for use in military clothing & footwear among others which is likely to propel their demand further during next seven years especially after 2020 when compared with conventional fabrics used by companies like Nike Inc., Adidas etc. at present time who are mainly focusing on producing shoes using air mesh fabric or microfiber fabric due to its low cost production method followed by Nike Inc., Adidas etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as apparel, home furnishing and others. Increasing disposable income levels coupled with rapid urbanization in emerging countries like China and India are likely to boost product consumption across these nations.
The growing population along with increasing consumer spending on apparels is projected to drive industry expansion over the coming years. In addition, favorable government policies promoting investments by domestic manufacturers are anticipated to augment regional market development during the same period.
Growth Factors:
- Increasing demand from the apparel industry for functional acrylic fibers as they offer a number of advantages over traditional fibers such as cotton and wool.
- Growing popularity of athleisure wear, which has led to an increase in demand for performance-based acrylic fibers that can withstand high levels of stress and strain without deteriorating in quality or appearance.
- Proliferation of online retail channels, which has made it easier for consumers to purchase functional acrylic fiber products directly from manufacturers or distributors, resulting in higher demand for these products.
- Rising awareness about the benefits of using functional acrylic fibers among consumers, who are increasingly looking for ways to improve the comfort and durability of their clothing items.
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Acrylic Fiber Market Research Report
By Type
Staple, Filament
By Application
Apparels, Home Furnishing, Others
By Companies
Aksa Akrilik Kimya Sanayii (Aksa), Dralon, Aditya Birla, Jilin Chemical Fiber, TAEKWANG INDUSTRIAL, Exlan Japan, Kaneka, Indian Acrylics, Pasupati Acrylon, Vardhman Acrylics
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Functional Acrylic Fiber Market Report Segments:
The global Functional Acrylic Fiber market is segmented on the basis of:
Types
Staple, Filament
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
Apparels, Home Furnishing, 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 Kimya Sanayii (Aksa)
- Dralon
- Aditya Birla
- Jilin Chemical Fiber
- TAEKWANG INDUSTRIAL
- Exlan Japan
- Kaneka
- Indian Acrylics
- Pasupati Acrylon
- Vardhman Acrylics
Highlights of The Functional Acrylic Fiber 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:
- Staple
- Filament
- By Application:
- Apparels
- Home Furnishing
- 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 Functional Acrylic Fiber 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Functional acrylic fiber is a type of synthetic fiber that is made from a polymer that has been treated with an acid. This treatment causes the polymer to form long, thin strands. These strands are then twisted together to create the fibers that make up functional acrylic fiber.
Some of the major companies in the functional acrylic fiber market are Aksa Akrilik Kimya Sanayii (Aksa), Dralon, Aditya Birla, Jilin Chemical Fiber, TAEKWANG INDUSTRIAL, Exlan Japan, Kaneka, Indian Acrylics, Pasupati Acrylon, Vardhman Acrylics.
The functional acrylic fiber market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Functional Acrylic Fiber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Functional Acrylic Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Functional Acrylic Fiber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Functional Acrylic Fiber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Functional Acrylic Fiber Market Size & Forecast, 2018-2028
4.5.1 Functional Acrylic Fiber Market Size and Y-o-Y Growth
4.5.2 Functional Acrylic Fiber Market Absolute $ Opportunity
Chapter 5 Global Functional Acrylic Fiber Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Functional Acrylic Fiber Market Size Forecast by Type
5.2.1 Staple
5.2.2 Filament
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Functional Acrylic Fiber Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Functional Acrylic Fiber Market Size Forecast by Applications
6.2.1 Apparels
6.2.2 Home Furnishing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Functional Acrylic Fiber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Functional Acrylic Fiber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Functional Acrylic Fiber Analysis and Forecast
9.1 Introduction
9.2 North America Functional Acrylic Fiber Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Functional Acrylic Fiber Market Size Forecast by Type
9.6.1 Staple
9.6.2 Filament
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Functional Acrylic Fiber Market Size Forecast by Applications
9.10.1 Apparels
9.10.2 Home Furnishing
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Functional Acrylic Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe Functional Acrylic Fiber Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Functional Acrylic Fiber Market Size Forecast by Type
10.6.1 Staple
10.6.2 Filament
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Functional Acrylic Fiber Market Size Forecast by Applications
10.10.1 Apparels
10.10.2 Home Furnishing
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Functional Acrylic Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Functional Acrylic Fiber Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Functional Acrylic Fiber Market Size Forecast by Type
11.6.1 Staple
11.6.2 Filament
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Functional Acrylic Fiber Market Size Forecast by Applications
11.10.1 Apparels
11.10.2 Home Furnishing
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Functional Acrylic Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America Functional Acrylic Fiber Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Functional Acrylic Fiber Market Size Forecast by Type
12.6.1 Staple
12.6.2 Filament
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Functional Acrylic Fiber Market Size Forecast by Applications
12.10.1 Apparels
12.10.2 Home Furnishing
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Functional Acrylic Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Functional Acrylic Fiber Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Functional Acrylic Fiber Market Size Forecast by Type
13.6.1 Staple
13.6.2 Filament
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Functional Acrylic Fiber Market Size Forecast by Applications
13.10.1 Apparels
13.10.2 Home Furnishing
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Functional Acrylic Fiber Market: Competitive Dashboard
14.2 Global Functional Acrylic Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aksa Akrilik Kimya Sanayii (Aksa)
14.3.2 Dralon
14.3.3 Aditya Birla
14.3.4 Jilin Chemical Fiber
14.3.5 TAEKWANG INDUSTRIAL
14.3.6 Exlan Japan
14.3.7 Kaneka
14.3.8 Indian Acrylics
14.3.9 Pasupati Acrylon
14.3.10 Vardhman Acrylics
