Global Acrylic Fiber Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Acrylic Fiber Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Form (Staple, and Filament), Blending (Wool, Cotton, and Other), Application (Apparel, Household Furnishing, Industrial, and Other), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Acrylic Fiber Market was valued at USD 2,384.1 million in 2023 and is expected to reach USD 2,996.7 million by 2031 while growing at a CAGR of 2.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global acrylic fiber market growth. Acrylic fiber, a synthetic fiber derived from polymerized acrylonitrile (a type of plastic), falls under the category of man-made fibers. Its distinctive properties make it widely applicable in various industries.
Increasing demand in the textile industry and the rising popularity of non-woven fabrics are driving the growth of the acrylic fiber market. However, despite this positive trend, obstacles such as environmental concerns and price volatility of raw materials may hinder the market's expansion.
Furthermore, the global acrylic fiber industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Form Analysis
The Global Acrylic Fiber Market is segmented among Staple, and Filament, based on Form. In 2023, Staple accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Blending Analysis
The Global Acrylic Fiber Market is segmented among Wool, Cotton, and Other, based on Blending. In 2023, Wool accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Acrylic Fiber Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Aditya Birla Management Corporation Pvt. Ltd, Aksa Akrilik Kimya Sanayii AŞ, China Petrochemical Corporation, Dralon, FORMOSA PLASTIICS CORPORATIION, Goonvean Fibres, Indian Acrylics Limited, Japan Exlan Co. Ltd, Jiangsu Zhongxin Resources Group, and Jilin Chemical Fiber Group Co. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Acrylic Fiber Market Dynamics
Drivers
Restraints
Opportunity
4. Global Acrylic Fiber Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Acrylic Fiber Market Segmentation, By Form
Global Acrylic Fiber Market Share Analysis, By Form
Global Acrylic Fiber Market Growth Analysis, By Form
Global Acrylic Fiber Market Trends, By Form
o Staple
o Filament
6. Global Acrylic Fiber Market Segmentation, By Blending
Global Acrylic Fiber Market Share Analysis, By Blending
Global Acrylic Fiber Market Growth Analysis, By Blending
Global Acrylic Fiber Market Trends, By Blending
o Wool
o Cotton
o Other
7. Global Acrylic Fiber Market Segmentation, By Application
Global Acrylic Fiber Market Share Analysis, By Application
Global Acrylic Fiber Market Growth Analysis, By Application
Global Acrylic Fiber Market Trends, By Application
o Apparel
o Household Furnishing
o Industrial
o Other
8. Global Acrylic Fiber Market Segmentation, By Region
Global Acrylic Fiber Market Share Analysis, By Region
Global Acrylic Fiber Market Growth Analysis, By Region
Global Acrylic Fiber Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Aditya Birla Management Corporation Pvt. Ltd.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Aksa Akrilik Kimya Sanayii AŞ
China Petrochemical Corporation
Dralon
FORMOSA PLASTIICS CORPORATIION
Goonvean Fibres
Indian Acrylics Limited
Japan Exlan Co. Ltd
Jiangsu Zhongxin Resources Group
Jilin Chemical Fiber Group Co. Ltd
*Similar analysis will be provided for each company listed above.
