Exploring Acrylic Fiber Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Acrylic Fiber Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Acrylic fibers, crafted from synthetic polymers
primarily consisting of polyacrylonitrile, boast an average molecular weight of
approximately 1,000,000 units, equivalent to nearly 1,900 monomer units. These
fibers demonstrate remarkable resilience against UV degradation, microbial
growth, bleaching agents, and mild alkalis. Renowned for their exceptional
stability, elasticity, and low density, acrylic fibers find extensive
applications in the apparel manufacturing industry.
Global Acrylic Fiber Market
Research Report & Summary:
The Global Acrylic Fiber Market is
estimated to grow at a CAGR of around 5.60% during the forecast period, i.e.,
2024-30.
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Acrylic
Fiber Market?
The top
companies of the Acrylic Fiber Market ruling the industry are:
Reliance Industries
Limited (RIL), Thai Acrylic Fiber Co. Ltd. (TAF), Aditya Birla Management
Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AŞ, China Petrochemical
Corporation, Dralon, Formosa Plastics Corporation, Goonvean Fibres, Japan Exlan
Co. Ltd., Jiangsu Zhongxin Resources Group, Jilin Chemical Fiber Group Co.
Ltd., Kaltex, Mitsubishi Chemical Corporation, Pasupati Acrylon Ltd., Polyacryl
Iran Corp., and others
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Acrylic
Fiber Industry Recent Development:
·
2024: Reliance Industries Limited (RIL) announced the launch of Ecotherm, an acrylic fiber
product that has completely transformed the textile industry, and offered a
sneak peek at the Circular Design Challenge's (CDC) global growth. The
distinguished "Reliance Sourcing Solutions Pavilion" at BharatTex
2024 is the site of this launch of innovative acrylic fiber.
The Acrylic Fiber Market explores the industry
by emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Form
-Continuous/Filament(Tow) Fiber- Market Size & Forecast 2019-2030,
(Thousand Tons)
-Non-continuous/Staple Fiber- Market Size & Forecast 2019-2030,
(Thousand Tons)
- By Blend
-Acrylic-Wool- Market Size & Forecast 2019-2030, (Thousand Tons)
-Acrylic-Viscose- Market Size & Forecast 2019-2030, (Thousand Tons)
-Acrylic-Nylon- Market Size & Forecast 2019-2030, (Thousand Tons)
-Acrylic-Cotton- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others (Cellulose, Rayon, etc.)- Market Size & Forecast 2019-2030,
(Thousand Tons)
- By End-Use Industry
-Textiles & Apparel- Market Size & Forecast 2019-2030, (Thousand
Tons)
-Furniture & Upholstery- Market Size & Forecast 2019-2030,
(Thousand Tons)
-Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
-Building & Construction- Market Size & Forecast 2019-2030,
(Thousand Tons)
-Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
- By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Acrylic
Fiber Market:
Flourishing Apparel
Industry to Augment Market Growth – The apparel industry across the world is
being fueled by various factors, such as fast fashion and fluctuating financial
situations. The consumption of clothing in emerging economies has increased
rapidly due to a surge in GDP growth, especially observed in developing
countries like China and India, which are investing heavily in their markets.
Government schemes for textile manufacturing, like production-linked
incentives, have been implemented by nations including India, which help boost
manufacturing capabilities.
In
2022, Chinese textile companies had an incredible increase in profits of 25.5%,
while also breaking records with garment exports valued at USD 315 billion.
Thus enhancing its potential market value even further. The global apparel
sector shows continued positive incremental growth projections where levels
will hit peak values exceeding the USD 2.9 trillion mark, expanding up to rates
of around 3-8% annually in the coming years. Therefore, the growing apparel
industry leads to a higher demand for acrylic fiber.
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many years and have conducted multi-industry research across 80+ countries,
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the Middle East & Africa, etc., and many countries across the regional
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and several others.
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