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Acrylic fibre Market to Value US$ 6,197.82 Mn by 2026

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Global acrylic fibre market is projected to reach a market value of US$ 6,197.82 Mn by 2026 end, registering a CAGR of 3.6% over the forecast period.
Acrylic Fibre Market
December 2017
Report Id :REP-GB-2032
Status : Published
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
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Market profiling
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Formulating discussion guide
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Data collection
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Data validation
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Data analysis
Insights
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Acrylic Fibre Market Analysis
Global Acrylic Fibre Market Revenue Expected to Register a CAGR of 3.6% During 2016-2026
Future Market Insights delivers key insights on the global acrylic fibre market in a new publication titled
“Acrylic Fibre Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026”. Major
demand for acrylic fibre is expected to come from Asia Pacific, Middle East & Africa, and Latin America
over the forecast period and the global acrylic fibre market is projected to reach a market value of US$
6,197.82 Mn by 2026 end, registering a CAGR of 3.6% over the forecast period.
The global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use
and region. As the demand for acrylic fibres is stagnant in the developed economies of North America
and Western Europe, significant opportunity for growth in the global acrylic fibre market lies in the
regions of APEJ, Latin America, and Middle East & Africa.
©2015 Future Market Insights, All Rights Reserved
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Acrylic Fibre Market Analysis
To Get Sample Copy of Report please visit @
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Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-colour dyes in
clear, bright and muted tones. They impart natural aesthetics to fabrics as opposed to their nylon and
polyester counterparts. Also, acrylic fibres have excellent resistance to ultraviolet degradation, weak
alkalis, and microbiological attack. Due to such physical, chemical, and thermo-biological characteristics,
acrylic fibres are becoming popular in their use by blending with other materials such as wool, cotton,
polyester etc.
Moreover, acrylic fibres are used in various end-use industries such as apparels, home furnishing etc.
With macroeconomic development of these end-use industries supported by regional GDP and
population growth, the demand for acrylic fibres is further expected to increase, specifically in the Asia
Pacific region over the coming years. In addition, sporadic supply of wool and cotton at a global level is
pushing manufacturers to blend acrylic fibre with wool and cotton for use in the manufacture of products
such as blankets, sweaters, etc.
Upswing in acrylic fibre raw material prices is forcing manufacturers across the globe to use its
substitutes such as polyester, nylon, cellulose etc. for various applications.These substitutes have
economic advantage over acrylic fibre due to better raw material availability, large scale production, and
recyclability.
©2015 Future Market Insights, All Rights Reserved
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Acrylic Fibre Market Analysis
Owing to this, acrylic fibre manufacturers across the globe are facing significant challenges to sustain in
the market. Production units are terminating in developed regions such as U.S and Europe owing to
strong inter-fibre competition, especially from polyester fibres. Moreover, U.S. and Europe are suffering
under rising competition from Asian imports of acrylic fibre and its finished products. These factors are
likely to restrain the growth of the global acrylic fibre market.
Segmentation highlights
Global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use
and region. On the basis of dyeing method, the global acrylic fibre market is segmented into acid, gel, and
undyed. The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period. The gel
dyeing segment is estimated to dominate the global acrylic fibre market, with 56.5% market revenue
share, valued at US $ 2,450.99 Mn by 2016 end.
On the basis of fibre form, the global acrylic fibre market is segmented into staple and filament. The
staple fiber segment is estimated to dominate the global acrylic fiber market, with more than 61.37%
market revenue share, valued at US $ 2,658.11 Mn by 2016 end.
On the basis of blending, the global acrylic fibre market is segmented into wool, cotton, and others. The
cotton blending segment is anticipated to register a CAGR of 3.7% over the forecast period.
On the basis of end use, the global acrylic fibre market is segmented into apparels, home furnishing,
industrial, and outdoor.
©2015 Future Market Insights, All Rights Reserved
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Acrylic Fibre Market Analysis
The apparels end-use segment is projected to register a CAGR of 3.6% over the forecast period, creating
significant incremental opportunity between 2016 and 2026.
Regional market projections
The global acrylic fibre market is segmented into seven key regions namely, North America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America, and Middle East &
Africa. In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of
4.4% over the forecast period, while markets in Japan, U.S., and Europe are expected to register a below
average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to growing use of acrylic fibre
for various applications along with macroeconomic growth of a population driven textile industry in the
region.
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©2015 Future Market Insights, All Rights Reserved
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Acrylic Fibre Market Analysis
Vendor insights
Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon,
Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan
Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd.
Research and development is being carried out to improvise the properties of acrylic fibre by modifying
its inherent characteristics. In order to compete with substitutes of acrylic fibre such as polyester and
cellulose acetate fibres, key companies in the APEJ region have invested significantly in R&D initiatives.
©2015 Future Market Insights, All Rights Reserved
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©2015 Future Market Insights, All Rights Reserved
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Author
mahendralunkad
mahendralunkad37   documents Email
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Category
Business and Leadership
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Tags
acrylic, Acrylic fibre Market
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