Acrylic Fiber Market Outlook 2034:
High performance and a sumptuous feel are hallmarks of fabrics composed of acrylic fibers. They are light because they have an extremely low specific gravity. Their low flexibility, low cost, form preservation, heat retention, and quick dry qualities have led to an increased usage of them as wool substitutes. During the forecast period, the growing demand for Acrylic Fiber Market in a variety of garments, home furnishings, and industrial clothing items is anticipated to fuel the acrylic fiber market's expansion.
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Acrylic Fiber Market Trends:
- Fabrics that are woven or knitted with 100% wool fiber have become a standard in making apparel, like sweaters, hoodies, boots, boot lining, hats, gloves, athletic wear, carpeting, blankets, roller brushes, upholstery, area rugs, protective clothing, wigs, hair extensions.
- All types of clothes, including hoodies, boots, caps, gloves, roller brushes, area rugs, carpets, blankets, roller brushes, protective gear, wigs, and hair extensions, are now made exclusively of 100% wool fiber.
The growing demand for acrylic fiber propels the market's compound annual growth rate. Industry revenue growth is probably going to be driven by the growing usage of acrylic fibers in blended textiles along with other fibers like cotton and wool. The final fabric's absorption, endurance, and durability are all increased by blending. For instance, combining wool with acrylic fibers improves the final product's toughness and flexibility. Wool blended with acrylic is easy to clean and stain-resistant. Furthermore softening and strengthening the yarn are acrylic fibers. Thus, throughout the anticipated period, the growing use of acrylic fibers in blended textiles is anticipated to impact the market's growth. It is projected that the rate of integration of acrylic fiber in upholstery for different types of furniture would increase.
Companies Covered: Acrylic Fiber :
- Aksa Akrilik Kimya Sanayii A.Ş. (Turkey)
- Dralon GmbH (Germany)
- Taekwang Industrial Co., Ltd. (South Korea)
- Indian Acrylics Limited (India)
- Aditya Birla Group (India)
- Kaneka Corporation (Japan)
- Formosa Plastics Corporation (Taiwan)
- Jilin Chemical Fiber Group Co., Ltd. (China)
- Vardhman Acrylics Limited (India)
- Toray Industries, Inc. (Japan)
- Other
Global Acrylic Fiber Segmentation:
By Type
- Staple Fibers
- Tow Dyed Fibers
By Application
- Apparel
- Home Textiles
- Nonwoven Fabrics
- Industrial Technical Textile
- Carpet Rugs
- Outdoor Recreational Products
- Upholstery
- Blankets Bedding
- Craft Hobby
- Others
By End-use
- Textile Industry
- Automotive Industry
- Construction Industry
- Filtration and Separation
- Aerospace and Defense
- Healthcare Industry
- Others
Acrylic Fiber Market Challenges:
Availability of substitutes for acrylic fibers:
Acrylic fiber is just one of the numerous varieties of synthetic fiber available today. As a result, the material has many different alternatives. Synthetic fibers that are frequently utilized include polyester, polyamide, and polypropylene. Because of its strength, great fastness to colors, and lightweight form factor, polyester fibers are the most frequently used synthetic fiber in the world. With a market share of 52% in 2020 compared to acrylic's 1.6%, polyester fibers dominate the synthetic fiber market, according to Textile Exchange. The availability of acrylic fiber alternatives throughout the forecast period of 2024 to 2034 is hence the largest challenge facing the acrylic fiber market.
Research Methodology:
A thorough research process that included in-depth secondary research, in-depth primary interviews with industry stakeholders, validation and triangulation using Wemarket Research's own database, and statistical methods resulted in this study, which provides high-quality insights. The information has been gathered through the use of more than 1,500 verified secondary sources, including fact books, investor presentations, white papers, patents, journals, announcements, and corporate annual reports. To gain both qualitative and quantitative insights, we performed over 15 in-depth primary interviews with market participants from all four regions' value chains as well as industry experts.
Global Acrylic Fibers Market: Restraints:
Synthetic fibers include acrylic fibers. There are numerous options available to replace this substance. Polyester, polyamide, and polypropylene are a few examples of synthetic fibers that are frequently utilized. Because of its strength, great fastness to colors, and lightweight form factor, polyester fibers are the most frequently used synthetic fiber in the world. As per Textile Exchange, the Acrylic Fiber Market share in 2024 was held by polyester fibers, accounting for 52% of the total, whereas acrylic fibers came in second with only 1.6%. Throughout the projection period, the availability of acrylic fiber alternatives presents the most threat to the global market for acrylic fibers.
Frequently Asked Questions?
- Acrylic Fiber Market was valued at USD 5,857.36 Million in 2024.
- What is the growth rate for the Acrylic Fiber Market?
- Which are the top companies operating within the market?
- Which region dominates the Acrylic Fiber Market?
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