Global Acrylic Fibers Market Size, Share & Trends Analysis Report by Type (Wet Spinning, Dry Spinning), Form (Colored/Pigmented, Natural/Undyed), Industry (Garment Industry, Upholstery,) and Region, By End-use, And Segment Forecast Period – 2022 – 2028

Report ID - MRC_377 | Pages - 550 | Category - Materials And Chemicals

Global Acrylic Fibers Market Insights

The Global Acrylic Fibers Market was valued at USD 3,413.7 Million in 2020 and is expected to rise at CAGR of 4.3% from 2021-2026 to become USD 4,331.3 Million by 2026. Increasing per capita income with continuously changing fashion trends is driving the fibers market. There has also been continuous technological advancement which is helping in bringing down the cost and ultimately increasing the growth of the market.

The raw materials used to manufacture acrylic fibers include comonomers, DMF acrylonitrile, and additives. Important raw material for production of acrylic fiber is Acrylonitrile, which is about 85% of the acrylonitrile units by weight. Acrylic fiber is made up of a comonomer and Acrylonitrile. Comonomer helps in improving the textile processability and dyeability. Acrylic fibers are made with two systems: dry spinning and wet spinning.

Acrylic fibers in cloth provides better dimensional stability and also make them easy to wash. The acrylic fibers are lightweight, soft, and warm, with a wool-like touch. Therefore their demand is increasing in textile industry. Further, the acrylic fibers has numerous application in Household Textiles, outdoor uses and industrial purposes.

COVID-19 Analysis of Global Acrylic Fibers Market

Manufacturing is one of the worst affected industry in covid crisis. This maybe because of its complex supply chains and labor intensiveness. Outsourcing of the work that was done to reduce costs and to increase efficiency have made manufacturing very vulnerable. Lockdown across the world has added more to the problem.

Asia is the biggest producer of the acrylic fiber and it was also the one which had to face higher impact in the sale and manufacturing of the acrylic fibers. Major producers of acrylic fibers such as China and India were under the lockdown and there was a decline in the demand of the acrylic fiber in the market.

Global Acrylic Fibers Market Report Coverage

Global Acrylic Fibers Market is segmented by Type, Form, Nature, Blending, Industry and Region. By type the market is categorized into Wet spinning, Dry spinning. By Form the market is categorized into Colored/Pigmented, Natural/Undyed. By Nature the market is categorized into Staple, Filament. By Blending the market is categorized into Wool, Cotton, Others. The report also covers the market size and forecasts for the Global Acrylic Fibers Market in 22 countries across major regions.

Report AttributesReport Details
Study Timeline2015-2026
Market Size in 2026 (USD Million)4,331.3
CAGR (2022-2028)4.3%
By TypeWet Spinning, Dry Spinning
By FormColored/Pigmented, Natural/Undyed
By NatureStaple, Filament
By BlendingWool, Cotton, Others
By IndustryGarment Industry, Home Textiles, Upholstery, Others
By geographyNorth America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

Latin America: Brazil, Argentina, Chile, Rest of Latin America

The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

Global Acrylic Fibers Market Segmental Analysis

Market Research Community provides extensive analysis of the size, share, major trends in each sub-segment of the Global Acrylic Fibers Market, along with forecasts at the global, regional and country level from 2021-2026.

Type Segment Insights

The Wet Spinning type to register highest growth rate in Global Acrylic Fibers Market. The wet spinning technology has a market share of USD 2731 Million in 2020 and is expected to grow to become USD 3492.8 million by 2026.

Wet spinning is the most frequently utilised method for producing acrylic fibers. When we compare the investment cost for wet spinning it is comparatively less than dry spinning. Organic solvents are used in dry spinning while both organic and inorganic solvents are used in wet spinning.

Global Acrylics Fibers Market Revenue (USD Million), by Wet Spinning, 2015-2026

Form Segment Analysis

Colored/Pigmented is the most preferred component used in Acrylic Fibers. The colored segment holds 75% share of total acrylic fiber market and dominates the market. Acrylic fibers are often colored using cationic and dispersion dyes. Dispersion dyes: color the fibers in the same way as polyester fibers are dyed using disperse dyes. By forming “ionic bonds,” cationic dyes bind to anionic spots in the fiber.

Cationic dyes are more vivid of the two colors when used on acrylic. Cotton dyeing has been dominated by reactive dyes over the past four decades. Different types of reactive dyestuff were developed as a result of research. This research looked at the potential of colorings acrylic materials with reactive dyes. Because the acrylic fiber lacks reactive groups, the companies attempted to repair it mechanically by using “dye fixing agents.”

Fastness, color strength (K/S) value, and reflectance values are all evaluated on the dyed fibers. Cotton is often dyed with reactive dyes for comparative studies. When acrylic and cotton colored with reactive dyes are examined, the acrylic material shows promising results.

Global Acrylics Fibers Market Revenue(USD Million), by colored, 2015-2026

Industry Segment Insights

Garment Industry to grab a dominant share in the Global Acrylic Fibers Market. Garment industry accounted 58% of the global acrylic fiber market in 2020. Acrylic fiber market was worth USD 1980.0 million in 2020 and is expected to grow at a CAGR of 4.4% that will be worth USD 2534.1 million by 2026.

Global Acrylics Fibers Market Revenue(USD Million), by Garment Industries, 2015-2026

The growth of garment industry is influenced by changing fashion trends globally. These changing trends will influence consumer choices. . In addition, growth in nightwear and athletic wear segment has encouraged companies to bring desired products into the market. The need for these outfits from the adult age group has increased considerably

The major driver of the readymade garments industry is the online platform. Most garment manufacturer now have their own web based platform, where they learn about customer needs and new fashion trends.

Region Segment Insights

China to dominate dominates the market of Global Acrylic Fibers Market. Asia Pacific accounted for 48% share of the global acrylic fiber market during 2020. This market was worth USD 1,638.6 million in 2020 and it is expected to grow at a CAGR of 4.7% during 2021-2026 to reach USD 2,137.3 million by 2026.

A key trend seen in the Asia Pacific area is the rising development of advanced technologies for the manufacture of acrylic fibre, particularly in China and India. Thai Acrylic Fiber Co. (Aditya Birla Group) and Bulliontex Co. Ltd established a collaboration in 2018 to provide high-quality outdoor textiles to Thai consumers.

In terms of location, Asia-Pacific accounts for the biggest share of the market and is likely to continue to do so soon. Asia-Pacific, namely China, accounts for more than 60% of total acrylic fiber capacity and is expected to become a market of worth 1309.6 million USD. China now accounts for almost 43% of the global acrylic fibers market and is expected to continue to be the region’s leading market for the next five years.

China supplies acrylic fibers to Iran, Vietnam, Pakistan, and the United Arab Emirates, among other countries. Acrylic fiber is also imported from nations such as Japan, Germany, Thailand, South Korea, and Turkey.  In the Asia-Pacific region, China and India are major countries which drives the acrylic fiber market.

China Acrylic Fibers Market Revenue (USD Million), 2015-2026

Global Acrylic Fibers Market Competitive Landscape

The Global Acrylic Fibers Market study is relatively competitive, with a significant number of global and regional players. The key strategies adopted by acrylic fiber manufacturers include product innovations, expansions, acquisitions and mergers.

Key Players

  • Aditya Birla Group
  • Vardhaman Acrylics
  • Mitsubishi Rayon Group
  • Indian Acrylics Limited
  • Pasupati Acrylon
  • Toray Industries Ltd.
  • Taekwang
  • Aska Akrilik Kimya Sanayii A.S
  • China National Petroleum Corporation
  • Kaltex Fibers
  • Tong-Suh Petrochemical Co. Ltd.
  • Jilin Qifeng Chemical Fibre Co. Ltd.
  • Sinopec
  • Dolan GmbH
  • Jiganshu Zhongxin Resources Group
  • Yusuf Dewan

Recent Developments

  • In August 2021, Thai Acrylic Fibre Co Ltd (TAF), a part of Aditya Birla Group, and Boonchuay Industrial (BCI) have developed woven fabrics with Amicor, the patented high-performance anti-microbial fibre, and cotton, targeted for medical and hospital use with anti-microbial performance

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Acrylic Fibers
    • Global Acrylic Fibers Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall Acrylic Fibers Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on Acrylic Fibers demand
    • Post-Covid Impact on Acrylic Fibers Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  3. Global Acrylic Fibers Market Segmentation, by Volume (Kilo Tons) & Revenue (USD Billion), (2022-2030)
    • By Type
      • Wet Spinning
      • Dry Spinning
    • By Form
      • Colored/Pigmented
      • Natural/Undyed
    • By Nature
      • Staple
      • Filament
    • By Blending
      • Wool
      • Cotton
      • Others
    • By Industry
      • Garment Industry
      • Home Textiles
      • Upholstery
      • Others
  1. Global Acrylic Fibers Market Overview, By Region
    • North America Acrylic Fibers Market Volume (Kilo Tons) & Revenue (USD Billion), by Countries, (2022-2030)
      • US
        • By Type
        • By Form
        • By Nature
        • By Blending
        • By Industry
      • Canada
      • Mexico
    • Europe Acrylic Fibers Market Volume (Kilo Tons) & Revenue (USD Billion), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific Acrylic Fibers Market Volume (Kilo Tons) & Revenue (USD Billion), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America Acrylic Fibers Market Volume (Kilo Tons) & Revenue (USD Billion), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa Acrylic Fibers Market Volume (Kilo Tons) & Revenue (USD Billion), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global Acrylic Fibers Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Billion and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • Aditya Birla Group
      • Business Overview
      • Business Financials (USD Million)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • Vardhaman Acrylics
    • Mitsubishi Rayon Group
    • Indian Acrylics Limited
    • Pasupati Acrylon
    • Toray Industries Ltd.
    • Taekwang
    • Aska Akrilik Kimya Sanayii A.S
    • China National Petroleum Corporation
    • Kaltex Fibers
    • Tong-Suh Petrochemical Co. Ltd.
    • Jilin Qifeng Chemical Fibre Co. Ltd.
    • Sinopec
    • Dolan GmbH
    • Jiganshu Zhongxin Resources Group
    • Yusuf Dewan
  1. Market Research Findings & Conclusion

Disclaimer 

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.
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