Acrylic fibre Market to Value US$ 6,197.82 Mn by 2026embed
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 About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. 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T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: [email protected] Social Media Research ©2015 Future Market Insights, All Rights Reserved 2 Research Methodology (1/2) Systematic Research Approach 1 Market profiling 2 Formulating discussion guide 3 Developing list of respondents 4 Data collection 5 Data validation 6 Data analysis Insights 7 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts PMR conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Research & Intelligence Data Filter & Analysis Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Actionable Insights A Primary Research B SOLUTION Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments Primary Research # Linkedin Zoominfo Salesforce Avention Business Solution Desk Research C Key industry experts Channel study Developments Market dynamics Products Conclusions Company Analysis Secondary Research # Company websites Company annual reports White papers Financial reports Paid Publications# Factiva GBI Genios Meltwater # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3 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 4 Acrylic Fibre Market Analysis To Get Sample Copy of Report please visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2032 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 5 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 6 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. Visit For [email protected] https://www.futuremarketinsights.com/reports/sample/rep-gb-2032 ©2015 Future Market Insights, All Rights Reserved 7 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 8 To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: [email protected] For media queries, contact the press office at [email protected] For other queries contact: Harish Tiwari (General Manager & Global Head Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: [email protected] Thank You Future Market Insights Global & Consulting Private Limited (FMI) ©2015 Future Market Insights, All Rights Reserved 9