report-image

Acrylic Fiber Market Size – By Fiber Type (Staple Fibers and Tow Dyed Fibers); By Application (Apparel, Home Textiles, Nonwoven Fabrics, Industrial & Technical Textile, Carpet & Rugs, Outdoor & Recreational Products, Upholstery, Blankets & Bedding, Craft & Hobby); By End-use (Textile Industry, Automotive Industry, Construction Industry, Filtration and Separation, Aerospace and Defense, Healthcare Industry, Others) & Region – Global Forecasts 2024 - 2034

  • PUBLISHED ON
  • 2024-06-04
  • NO OF PAGES
  • 231
  • CATEGORY
  • Chemicals & Materials

Market Overview

The Acrylic Fiber market is predicted to develop at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2034, when it is projected to reach USD 7,724.53 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 5,857.36 Million in 2024.


SOURCE: We Market Research

Acrylic Fiber is a type of synthetic fiber made primarily from acrylonitrile, a petrochemical derived from crude oil. It is known for its wool-like feel, durability, lightweight nature, and resistance to various chemicals and environmental conditions. Acrylic Fibers are widely used in the textile industry for clothing and home furnishings, as well as in various industrial applications.

The global acrylic fiber market pertains to the industry involved in the production, distribution, and utilization of acrylic fibers. Acrylic Fibers are synthetic fibers made from polyacrylonitrile or related copolymers. These fibers are known for their wool-like feel, durability, lightweight, resistance to moths, oil, and chemicals, and ability to retain color. They are widely used in the textile and apparel industry, home furnishings, and various industrial applications.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 5,857.36 Million

Market Forecast in 2034

USD 7,724.53 Million

CAGR % 2024-2034

3.3%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Fiber Type, By Application, By End-use and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Acrylic Fiber Industry: Dynamics & Restrains


 Market opportunity:


We Market Research: Acrylic Fiber Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.

 

Acrylic Fiber Segmentation

Market- By Fiber Type Analysis

By Fiber Type, the acrylic fiber market is categories into Staple Fibers and Tow Dyed Fibers. The Staple Fibers segment currently dominates the Acrylic Fiber market share, accounting for around 68% as of 2024. Staple fibers are short fibers that are usually measured in inches or centimeters. They are produced by cutting longer filament fibers into short lengths. Staple acrylic fibers are widely used in various applications such as apparel, home textiles, automotive interiors, and industrial textiles.  Tow dyed fibers are continuous filaments that are dyed before being spun into yarns or fabrics. This process allows for consistent color throughout the fiber length. Tow dyed acrylic fibers are often preferred in applications where colorfastness and uniformity are critical, such as in outdoor fabrics, upholstery, and carpets. 


The following segments are part of an in-depth analysis of the global Acrylic Fiber market:

Market Segments

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 Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominate the Acrylic Fiber Market with the highest revenue generating market with share of more than 50%. Asia Pacific dominates the acrylic fiber market share due to the presence of major manufacturing hubs like China, India, and South Korea. These countries have large textile industries, which drive significant demand for acrylic fiber. Additionally, the region's growing population and rising disposable income have contributed to the expansion of the textile and apparel industry, further boosting demand for acrylic fiber.


Europe Market Statistics

Europe also has a significant presence in the acrylic fiber market, with countries like Germany, Italy, and Turkey being key producers and consumers. Acrylic Fiber is widely used in Europe for both apparel and non-apparel applications.

North America Market Forecasts

North America, particularly the United States, has a sizable acrylic fiber market. The region benefits from a strong textile industry, where acrylic fiber finds applications in various segments such as apparel, home furnishings, and industrial textiles.

Middle East & Africa Market Statistics

MEA region has a growing acrylic fiber market, driven by increasing industrialization and urbanization. Countries like Turkey, Egypt, and South Africa are emerging as important players in the regional acrylic fiber market. The textile industry in these countries is expanding, supported by factors such as government initiatives, foreign investments, and favorable trade policies.

 

Key Maket Players

The Acrylic fiber Market is dominated by a few large companies, such as

·         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                                                                                               

1.      Global Acrylic Fiber Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Acrylic Fiber Market Scope and Market Estimation

1.2.1. Global Acrylic Fiber Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2024 - 2034)

1.2.2. Global Acrylic Fiber Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. Type of Global Acrylic Fiber Market

1.3.2. Application of Global Acrylic Fiber Market

1.3.3. End-use of Global Acrylic Fiber Market

1.3.4. Region of Global Acrylic Fiber Market

2.      Executive Summary

2.1.    Global Acrylic Fiber Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Acrylic Fiber Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Acrylic Fiber Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Acrylic Fiber Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Acrylic Fiber Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 - 2034

4.1.1. Staple Fibers

4.1.2. Tow Dyed Fibers

5.      Global Acrylic Fiber Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Acrylic Fiber Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 - 2034

5.1.1. Apparel

5.1.2. Home Textiles

5.1.3. Nonwoven Fabrics

5.1.4. Industrial & Technical Textile

5.1.5. Carpet & Rugs

5.1.6. Outdoor & Recreational Products

5.1.7. Upholstery

5.1.8. Blankets & Bedding

5.1.9. Craft & Hobby

5.1.10.   Others

6.      Global Acrylic Fiber Market Estimates & Forecast Trend Analysis, by End-use

6.1.    Global Acrylic Fiber Market Revenue (US$ Mn) Estimates and Forecasts, by End-use, 2019 - 2034

6.1.1. Textile Industry

6.1.2. Automotive Industry

6.1.3. Construction Industry

6.1.4. Filtration and Separation

6.1.5. Aerospace and Defense

6.1.6. Healthcare Industry

6.1.7. Others

7.      Global Acrylic Fiber Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Acrylic Fiber Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 - 2034

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Acrylic Fiber Market: Estimates & Forecast Trend Analysis

8.1.    North America Acrylic Fiber Market Assessments & Key Findings

8.1.1. North America Acrylic Fiber Market Introduction

8.1.2. North America Acrylic Fiber Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

8.1.2.1.   By Type

8.1.2.2.   By Application

8.1.2.3.   By End-use

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Acrylic Fiber Market: Estimates & Forecast Trend Analysis

9.1.    Europe Acrylic Fiber Market Assessments & Key Findings

9.1.1. Europe Acrylic Fiber Market Introduction

9.1.2. Europe Acrylic Fiber Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

9.1.2.1.   By Type

9.1.2.2.   By Application

9.1.2.3.   By End-use

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Acrylic Fiber Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Acrylic Fiber Market Introduction

10.1.2.   Asia Pacific Acrylic Fiber Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

10.1.2.1.    By Type

10.1.2.2.    By Application

10.1.2.3.    By End-use

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Acrylic Fiber Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Acrylic Fiber Market Introduction

11.1.2.   Middle East & Africa Acrylic Fiber Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

11.1.2.1.    By Type

11.1.2.2.    By Application

11.1.2.3.    By End-use

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Acrylic Fiber Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Acrylic Fiber Market Introduction

12.1.2.   South America Acrylic Fiber Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

12.1.2.1.    By Type

12.1.2.2.    By Application

12.1.2.3.    By End-use

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Acrylic Fiber Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Acrylic Fiber Market Competition White Space Analysis, By End-user

13.3.  Global Acrylic Fiber Market Competition Heat Map Analysis, By End-user

13.4.  Global Acrylic Fiber Market Concentration & Company Market Shares (%) Analysis, 2023

14.  Company Profiles

14.1.      Aksa Akrilik Kimya Sanayii A.Ş. (Turkey)

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Dralon GmbH (Germany)

14.3.      Taekwang Industrial Co., Ltd. (South Korea)

14.4.      Indian Acrylics Limited (India)

14.5.      Aditya Birla Group (India)

14.6.      Kaneka Corporation (Japan)

14.7.      Formosa Plastics Corporation (Taiwan)

14.8.      Jilin Chemical Fiber Group Co., Ltd. (China)

14.9.      Vardhman Acrylics Limited (India)

14.10.  Toray Industries, Inc. (Japan)

14.11.  Others

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion

 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Acrylic Fiber Market in 2024?

Acrylic Fiber Market was valued at USD 5,857.36 Million in 2024.

What is the growth rate for the Acrylic Fiber Market?

Acrylic Fiber Market size will increase at approximate CAGR of 3.3% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Acrylic Fiber Market are 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) and others.

Which region dominates the Acrylic Fiber Market?

Asia Pacific dominates the market with an active share of 50%.

Sample Request Customized Requirement Speak to Analyst Check Discount
CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3499

Only Three Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4499

Only Four Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5499

Only Five Thousand Four Hundred Ninety Nine US dollar

Buy Now
  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI