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Acrylic Fiber Market Size (2024 - 2029)

The acrylic fiber market is projected to experience fluctuations in its market size over the forecast period, with a decline anticipated by 2029. The market's growth is primarily driven by the increasing demand for apparel, although it faces challenges from the availability of substitute materials like polyester and stringent global regulations on acrylic fiber production. The filament segment holds the largest market share and is expected to continue its growth. The Asia-Pacific region leads the market due to significant demand from ASEAN countries and India.

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Market Size of Acrylic Fiber Industry

Acrylic Fiber Market Summary
Study Period 2019 - 2029
Market Volume (2024) 1.52 Million tons
Market Volume (2029) 1.79 Million tons
CAGR (2024 - 2029) > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Acrylic Fiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

Acrylic Fiber Market Analysis

The Acrylic Fiber Market size is estimated at 1.52 Million tons in 2024, and is expected to reach 1.79 Million tons by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2021, as the pandemic resulted in the slowdown of businesses, products, and manufacturing facilities, resulting in less economic activity. However, the market is expected to recover during the forecast period.

  • The major factors driving the growth of the market studied include the high demand for apparel and increasing industrial applications.
  • On the flip side, the availability of substitutes like polyester and stringent regulations worldwide on the production of acrylic fiber are expected to hinder the growth of the market.
  • However, growing opportunities and the future market for acrylic paper are expected to offer ample growth opportunities during the forecast period.
  • Asia-Pacific dominated the acrylic fiber market due to high demand from the ASEAN countries and India.

Acrylic Fiber Industry Segmentation

Acrylic fibers are mainly synthetic fibers. The major raw materials used to manufacture acrylic fibers include acrylonitrile, comonomers, DMF, and additives. Acrylonitrile is the major raw material used in the production of acrylic fiber, which is about 85% of the acrylonitrile units by weight.

The acrylic fiber market is segmented by form, blending, application, and geography. By form, the market is segmented into staple and filament. By blending, the market is segmented into wool, cotton, and other blendings (cellulose). By application, the market is segmented into apparel, household furnishing, industrial, and other applications (upholstery). The report also covers the market sizes and forecasts for the market in 27 countries across major regions. For each segment, the market sizes and forecasts are provided in terms of volume (tons).

Form
Staple
Filament
Blending
Wool
Cotton
Other Blendings (Cellulose)
Application
Apparel
Household Furnishing
Industrial
Other Applications (Upholstery)
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
United Arab Emirates
Rest of Middle East and Africa
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Acrylic Fiber Market Size Summary

The acrylic fiber market is poised for a recovery after experiencing setbacks due to the COVID-19 pandemic, which disrupted economic activities and manufacturing processes. The market is driven by the high demand for acrylic fiber in apparel, although it faces challenges from the availability of substitutes like polyester and stringent global regulations. The filament segment holds the largest market share and is expected to continue its growth trajectory. The Asia-Pacific region, particularly ASEAN countries and India, dominates the market due to significant demand. Acrylic fiber is primarily used in blends with wool, which are favored for their durability, appearance retention, and ease of care, making them popular in sportswear and various apparel applications.

China stands as the largest producer of acrylic fibers, significantly contributing to global production and benefiting from both domestic and international demand, particularly from regions like ASEAN, Europe, the United States, and Japan. The country's robust textile industry, which leads in global textile production and exports, is a key driver of acrylic fiber demand. The market is consolidated, with major players like Aksa Akrilik Kimya Sanayii A≈û, Dralon, and Jilin Chemical Fiber Group Co., Ltd. actively expanding their production capacities. These trends indicate a positive outlook for the acrylic fiber market, with anticipated growth driven by increasing demand in the apparel and household furnishing sectors.

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Acrylic Fiber Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 High Demand for Use in Apparel

      2. 1.1.2 Increasing Industrial Application

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Availability of Substitutes, like Polyester

      2. 1.2.2 Stringent Regulations Worldwide on the Production of Acrylic Fiber

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Form

      1. 2.1.1 Staple

      2. 2.1.2 Filament

    2. 2.2 Blending

      1. 2.2.1 Wool

      2. 2.2.2 Cotton

      3. 2.2.3 Other Blendings (Cellulose)

    3. 2.3 Application

      1. 2.3.1 Apparel

      2. 2.3.2 Household Furnishing

      3. 2.3.3 Industrial

      4. 2.3.4 Other Applications (Upholstery)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Malaysia

        6. 2.4.1.6 Thailand

        7. 2.4.1.7 Indonesia

        8. 2.4.1.8 Vietnam

        9. 2.4.1.9 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Spain

        6. 2.4.3.6 NORDIC

        7. 2.4.3.7 Turkey

        8. 2.4.3.8 Russia

        9. 2.4.3.9 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Colombia

        4. 2.4.4.4 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Nigeria

        4. 2.4.5.4 Qatar

        5. 2.4.5.5 Egypt

        6. 2.4.5.6 United Arab Emirates

        7. 2.4.5.7 Rest of Middle East and Africa

Acrylic Fiber Market Size FAQs

The Acrylic Fiber Market size is expected to reach 1.52 million tons in 2024 and grow at a CAGR of greater than 3% to reach 1.79 million tons by 2029.

In 2024, the Acrylic Fiber Market size is expected to reach 1.52 million tons.

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