Market Overview:
The global precision cut acrylic fiber market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision cut acrylic fibers from various applications, such as filters, cleaning products, and others. In terms of type, the 3mm segment is expected to lead the global precision cut acrylic fiber market during the forecast period. This can be attributed to its growing demand from various end-use industries across different regions.
Product Definition:
Precision Cut Acrylic Fibers are used to produce high-quality optical fiber products. They are made of pure, premium quality acrylic that is precision cut and polished. Precision Cut Acrylic Fibers offer exceptional clarity, brightness and color saturation. They are ideal for use in the production of high-quality optical fiber products such as medical devices, diagnostic equipment and laboratory instruments.
3mm:
3mm is the thinnest size of precision cut acrylic fiber. It has high demand in medical and dental application due to its superior properties such as it can absorb a maximum amount of light, it has high tensile strength and breaking point, very low water absorption percentage, very low coefficient of thermal expansion and higher stiffness than other fibers.
6mm:
6mm is the standard size of precision cut acrylic fiber. It has a wide range of applications in textile, home furnishing and other industries. The 6mm precisions cut fibers are widely used by the clothing industry for manufacturing fashion accessories such as gloves, scarves, hats and others which find their application in various outdoor activities like sports activities as well as indoor games like handball and badminton.
Application Insights:
The filter application segment led the global precision cut acrylic fiber market in 2017. The product is widely used as a filtration medium in various industries such as oil & gas, water treatment, and food & beverage. It is also used to recover waste water for reuse by undergoing an advanced pre-treatment process.
Precision-cut fibers are increasingly being utilized to manufacture filters that are required to have tight tolerances during manufacturing processes of automobiles and other machinery components. In addition, these products provide enhanced efficiency over conventional filters due to their superior quality and design features that enhance the performance of air or liquid flowing through them. This factor is anticipated to drive demand over the forecast period especially for 12mm grades from 2018 onward when compared with 6mm grades on account of increased efficiency along with cost savings associated with using a single medium instead of two different ones (one for each grade).
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 demand from end-use industries such as automotive, aerospace, electronics, textile and others. In addition, increasing disposable income coupled with growing population has resulted in increased product consumption across emerging countries such as China and India.
The Asia Pacific regional market is characterized by presence of key manufacturers including Nippon Acrylic Fiber (NAF), Taiwan Spinning & Weaving Corp., Newell Rubbermaid Inc., EMD Millipore Corporation among others. Moreover high R&D investment by industry players for development of innovative products is also anticipated to fuel industry expansion over the next eight years.
Growth Factors:
- Increasing demand for high-quality textiles and apparel
- Growing awareness about the benefits of using precision cut acrylic fiber in textile manufacturing
- Rising demand from automotive and aerospace industries
- Technological advancements that have led to the development of new applications for precision cut acrylic fiber
- Growing popularity of eco-friendly textiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Cut Acrylic Fiber Market Research Report
By Type
3mm, 6mm, 12mm, Others
By Application
Filter, Cleaning product, Others
By Companies
Mitsubishi Chemical, Goonvean Fibers, MiniFIBERS, Inc., Engineered Fibers Technology, Spectro Coating Corp, Shanghai Shangyi Chemical Technology, Polyacryl Iran
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Precision Cut Acrylic Fiber Market Report Segments:
The global Precision Cut Acrylic Fiber market is segmented on the basis of:
Types
3mm, 6mm, 12mm, Others
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
Filter, Cleaning product, 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:
- Mitsubishi Chemical
- Goonvean Fibers
- MiniFIBERS, Inc.
- Engineered Fibers Technology
- Spectro Coating Corp
- Shanghai Shangyi Chemical Technology
- Polyacryl Iran
Highlights of The Precision Cut 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:
- 3mm
- 6mm
- 12mm
- Others
- By Application:
- Filter
- Cleaning product
- 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 Precision Cut 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?
Precision Cut Acrylic Fiber is a type of acrylic fiber that has been cut to a very precise size and shape. This allows it to be used in a variety of applications, including 3D printing.
Some of the major companies in the precision cut acrylic fiber market are Mitsubishi Chemical, Goonvean Fibers, MiniFIBERS, Inc., Engineered Fibers Technology, Spectro Coating Corp, Shanghai Shangyi Chemical Technology, Polyacryl Iran.
The precision cut acrylic fiber market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Cut 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 Precision Cut Acrylic Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Cut 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 Precision Cut 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 Precision Cut Acrylic Fiber Market Size & Forecast, 2018-2028
4.5.1 Precision Cut Acrylic Fiber Market Size and Y-o-Y Growth
4.5.2 Precision Cut Acrylic Fiber Market Absolute $ Opportunity
Chapter 5 Global Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Type
5.2.1 3mm
5.2.2 6mm
5.2.3 12mm
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Applications
6.2.1 Filter
6.2.2 Cleaning product
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Cut 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 Precision Cut 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 Precision Cut Acrylic Fiber Analysis and Forecast
9.1 Introduction
9.2 North America Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Type
9.6.1 3mm
9.6.2 6mm
9.6.3 12mm
9.6.4 Others
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 Precision Cut Acrylic Fiber Market Size Forecast by Applications
9.10.1 Filter
9.10.2 Cleaning product
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 Precision Cut Acrylic Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Type
10.6.1 3mm
10.6.2 6mm
10.6.3 12mm
10.6.4 Others
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 Precision Cut Acrylic Fiber Market Size Forecast by Applications
10.10.1 Filter
10.10.2 Cleaning product
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 Precision Cut Acrylic Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Type
11.6.1 3mm
11.6.2 6mm
11.6.3 12mm
11.6.4 Others
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 Precision Cut Acrylic Fiber Market Size Forecast by Applications
11.10.1 Filter
11.10.2 Cleaning product
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 Precision Cut Acrylic Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Cut 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 Precision Cut Acrylic Fiber Market Size Forecast by Type
12.6.1 3mm
12.6.2 6mm
12.6.3 12mm
12.6.4 Others
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 Precision Cut Acrylic Fiber Market Size Forecast by Applications
12.10.1 Filter
12.10.2 Cleaning product
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) Precision Cut Acrylic Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Cut 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) Precision Cut Acrylic Fiber Market Size Forecast by Type
13.6.1 3mm
13.6.2 6mm
13.6.3 12mm
13.6.4 Others
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) Precision Cut Acrylic Fiber Market Size Forecast by Applications
13.10.1 Filter
13.10.2 Cleaning product
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 Precision Cut Acrylic Fiber Market: Competitive Dashboard
14.2 Global Precision Cut Acrylic Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical
14.3.2 Goonvean Fibers
14.3.3 MiniFIBERS, Inc.
14.3.4 Engineered Fibers Technology
14.3.5 Spectro Coating Corp
14.3.6 Shanghai Shangyi Chemical Technology
14.3.7 Polyacryl Iran
