Acrylic Fiber

Acrylic Fiber Market by End Use Industry (Automotive Industry, Home Furnishing Industry, Industrial Applications), Type Of Acrylic Fiber (Filament Fiber, Staple Fiber), Dyeing And Finishing Process - Global Forecast 2025-2030

SKU
MRR-742BD517A3FD
Region
Global
Publication Date
November 2024
Delivery
Immediate
2023
USD 2.93 billion
2024
USD 3.05 billion
2030
USD 3.96 billion
CAGR
4.41%
360iResearch Analyst Ketan Rohom
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The Acrylic Fiber Market size was estimated at USD 2.93 billion in 2023 and expected to reach USD 3.05 billion in 2024, at a CAGR 4.41% to reach USD 3.96 billion by 2030.

Acrylic Fiber Market
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The acrylic fiber market encompasses the production, distribution, and consumption of synthetic fibers primarily composed of acrylonitrile. Known for its wool-like feel, acrylic fiber is a versatile material used extensively in the textile industry for apparels, home furnishings, and industrial applications due to its durability and resistance to sunlight and chemicals. Essential for creating lightweight and weather-resistant fabrics, its necessity is underscored in areas demanding high performance and aesthetic value, from fashion and household items to outdoor gear. End-use applications span sectors such as clothing, upholstery, carpets, and also blending with other fibers for enhanced properties. The market is primarily influenced by growing consumer demand for fashionable yet functional clothing, advancements in textile manufacturing technology, and increasing urbanization leading to a surge in home décor products. Opportunities arise from the proliferating interest in eco-friendly substitutes and innovations in recycling processes, highlighting the potential for sustainable production practices in acrylic fibers. Companies investing in bio-based acrylic fibers or enhancing product performance through novel composite materials can capitalize on these trends. However, challenges persist, including the volatility of raw material prices, competition from alternative fibers like polyester, and environmental concerns regarding the production process. Innovations in reducing carbon footprints and enhancing biodegradability are critical research areas, while advancements in fiber blending, new dyeing techniques, and smart fiber functionalities can unlock new market dimensions. The market remains dynamic and competitive, driven by continuous technological evolutions and shifting consumer preferences. Strategic collaborations, R&D investments, and adaptability to eco-regulations are recommended for sustained growth. Understanding this complex landscape enables businesses to innovate effectively, respond to market demands, and leverage emerging trends in the acrylic fiber industry for long-term profitability and market presence.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Acrylic Fiber Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Acrylic fiber market driven by increasing demand in textile industry, particularly in apparel sector
    • Rising popularity of blended fabrics elevating demand for acrylic fiber globally
    • Growing inclination towards affordable synthetic fibers like acrylic boosting market growth
  • Market Restraints
    • Evaluating the critical factors that restrict the expansion of the global acrylic fiber industry
    • Examining specific environmental concerns that present challenges in the acrylic fiber production process
    • Outlining obstacles that may limit the technological advancement in the acrylic fiber market field
  • Market Opportunities
    • Enhancements in production technology offering opportunities for cost-effective and high-quality products
    • Growing demand for eco-friendly and sustainable acrylic fibers in fashion and apparel industries
    • Emerging markets in Asia-Pacific showing potential for high demand in the sportswear segment
  • Market Challenges
    • Ensuring competitive pricing amidst intensifying global competition in the acrylic fiber industry
    • Identifying technological innovations and advancements as growing challenges in the acrylic fiber market
    • Addressing the gap in skilled workforce and expertise specific to advanced acrylic fiber technologies

Market Segmentation Analysis

  • Form Type: Increasing demand for acrylic staple fibers owing to their cost-effectiveness and versatility in various textile applications

    Filament fiber is long and continuous, resembling natural silk's smooth and lustrous nature to manufacture products that require high strength and elasticity, such as hosiery, sportswear, and certain types of upholstery. The continuous length of filament fiber allows for smooth, finely textured fabrics that exhibit a consistent quality. Staple fiber is cut into precise lengths, varying from short to long, to resemble the qualities of natural wool. Staple fiber is used in the textile industry to prepare natural fiber blends for enhancing softness, durability, and insulation without significantly increasing costs. Staple fiber is versatile and can be spun into yarns of various thicknesses, making it ideal for various products, from sweaters and blankets to carpets and outerwear.

  • Application: Widening use of acrylic fiber in the apparel manufacturing due to its lightweight nature

    Acrylic fiber is widely used in the apparel sector due to its wool-like feel, making it a popular choice for sweaters, socks, and winter wear. The ability of acrylic fiber to retain color and resist wrinkles and stains enhances the durability and aesthetic appeal of clothing. In household furnishings, acrylic fiber finds application in products, including blankets, upholstery, and carpets, owing to its notable features, including a soft texture, resistance to sun exposure, and ease of maintenance. Acrylic fiber is a favorable choice for both aesthetic and practical aspects of home decor. Acrylic fiber is also used in various industrial applications, such as filters, awnings, and protective clothing. The attributes of acrylic fiber, such as strength, resistance to chemicals and UV light, and adaptability, contribute to its effectiveness in meeting the demands of industrial environments. The properties of acrylic fiber, including comfort, breathability, and the ability to be engineered for specific uses, make it essential for supporting health and recovery in medical contexts. Acrylic fiber is used in medical textiles for bandages and orthopedic braces.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Acrylic Fiber Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Acrylic Fiber Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acrylic Fiber Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acrylic Fiber Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Thai Acrylic Fibre Co. Ltd. Advances Sustainable Textile Innovation at Textile Exchange Conference 2023

    Thai Acrylic Fibre Co. Ltd. (TAF) introduced the advancement of Regel, a recycled acrylic fiber, at the Textile Exchange Conference 2023. TAF's Regel exemplifies a groundbreaking shift toward environmental sustainability in textiles. It emerges with exceptional Material Sustainability Index (MSI) scores and impressive Life Cycle Assessment (LCA) credentials, illustrating its innovative contribution to sustainable textile applications. [Published On: October 18, 2023]

  • Sudamericana de Fibras Innovates with Eco-Friendly Drytex Cycle Acrylic Fibers

    Sudamericana de Fibras (SDF) unveiled Drytex Cycle, a pioneering product line integrating up to 50 percent post-industrial content, aligning with the Recycled Blended Claim Standard. Drytex Cycle represents a significant advancement in eco-sustainable fiber technology. This innovative approach repurposes industrial waste into staple fiber or top, available in ecru, showcasing SDF’s commitment to ecological sustainability. [Published On: February 06, 2023]

  • Innovative Partnership Enhances Traceability of Recycled Acrylic Fiber

    Swiss-based Haelixa teamed up with Damteks Tekstil to revolutionize the sustainability of the textile industry. This collaboration introduces a groundbreaking method where recycled acrylic fibers by Damteks are embedded with Haelixa's unique DNA markers. These markers, applied as a fine mist, enable precise tracking of the fibers through a non-invasive spot-check process utilizing PCR technology. This state-of-the-art method guarantees 100% reliability and upholds forensic standards, ensuring unparalleled traceability and authenticity in recycled yarn products. [Published On: January 12, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acrylic Fiber Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acrylic Fiber Market, highlighting leading vendors and their innovative profiles. These include Aditya Birla Group, Aksa Akrilik Kimya Sanayii A.Ş., Asahi Kasei Corporation, Dodenhoff Industrial Textiles, Inc., DuPont de Nemours, Inc., Goonvean Fibres Ltd., Indian Acrylics Ltd., Japan Exlan Co., Ltd., Jiangsu Zhongxin Resources Group Co.,Ltd, Kaneka Corporation, Koninklijke DSM N.V, Kuraray Co., Ltd., Leigh Fibers, Microfibres, Inc., Mitsubishi Chemical Corporation, Ningbo Zhongxin Acrylic Fibers Co., Ltd., Pasupati Acrylon Ltd., Pro-Tech Products, Inc., RadiciGroup, Sinopec Group, Sterling Fibers Inc., Sudamericana de Fibras S.A., Taekwang Industrial Co., Ltd, Toray Industries Inc., and Vardhman Acrylics Ltd..

Market Segmentation & Coverage

This research report categorizes the Acrylic Fiber Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • End Use Industry
    • Automotive Industry
      • Interior Applications
      • Upholstery
    • Home Furnishing Industry
      • Bed Linens
      • Carpets
      • Curtains
    • Industrial Applications
      • Filters
      • Nonwoven Fabrics
    • Textile Industry
      • Apparels
      • Home Textiles
      • Upholstery
  • Type Of Acrylic Fiber
    • Filament Fiber
      • Industrial Filaments
      • Textile Filaments
    • Staple Fiber
      • Long Staple Fiber
      • Short Staple Fiber
  • Dyeing And Finishing Process
    • Dyed Fiber
      • Fibre-Dyed
      • Solution-Dyed
    • Undyed Fiber
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Acrylic Fiber Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Acrylic Fiber Market, by End Use Industry
  7. Acrylic Fiber Market, by Type Of Acrylic Fiber
  8. Acrylic Fiber Market, by Dyeing And Finishing Process
  9. Americas Acrylic Fiber Market
  10. Asia-Pacific Acrylic Fiber Market
  11. Europe, Middle East & Africa Acrylic Fiber Market
  12. Competitive Landscape
Frequently Asked Questions
  1. How big is the Acrylic Fiber Market?
    Ans. The Global Acrylic Fiber Market size was estimated at USD 2.93 billion in 2023 and expected to reach USD 3.05 billion in 2024.
  2. What is the Acrylic Fiber Market growth?
    Ans. The Global Acrylic Fiber Market to grow USD 3.96 billion by 2030, at a CAGR of 4.41%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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