According to Markntel Advisors Report, Acrylic Fiber Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Acrylic fibers, crafted from synthetic polymers primarily consisting of polyacrylonitrile, boast an average molecular weight of approximately 1,000,000 units, equivalent to nearly 1,900 monomer units. These fibers demonstrate remarkable resilience against UV degradation, microbial growth, bleaching agents, and mild alkalis. Renowned for their exceptional stability, elasticity, and low density, acrylic fibers find extensive applications in the apparel manufacturing industry.

Global Acrylic Fiber Market Research Report & Summary:

The Global Acrylic Fiber Market is estimated to grow at a CAGR of around 5.60% during the forecast period, i.e., 2024-30.          

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Acrylic Fiber Market?

The top companies of the Acrylic Fiber Market ruling the industry are: 

Reliance Industries Limited (RIL), Thai Acrylic Fiber Co. Ltd. (TAF), Aditya Birla Management Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AŞ, China Petrochemical Corporation, Dralon, Formosa Plastics Corporation, Goonvean Fibres, Japan Exlan Co. Ltd., Jiangsu Zhongxin Resources Group, Jilin Chemical Fiber Group Co. Ltd., Kaltex, Mitsubishi Chemical Corporation, Pasupati Acrylon Ltd., Polyacryl Iran Corp., and others

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Acrylic Fiber Industry Recent Development:

·         2024: Reliance Industries Limited (RIL) announced the launch of Ecotherm, an acrylic fiber product that has completely transformed the textile industry, and offered a sneak peek at the Circular Design Challenge's (CDC) global growth. The distinguished "Reliance Sourcing Solutions Pavilion" at BharatTex 2024 is the site of this launch of innovative acrylic fiber.

The Acrylic Fiber Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Form

-Continuous/Filament(Tow) Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)

-Non-continuous/Staple Fiber- Market Size & Forecast 2019-2030, (Thousand Tons)

- By Blend

-Acrylic-Wool- Market Size & Forecast 2019-2030, (Thousand Tons)

-Acrylic-Viscose- Market Size & Forecast 2019-2030, (Thousand Tons)

-Acrylic-Nylon- Market Size & Forecast 2019-2030, (Thousand Tons)

-Acrylic-Cotton- Market Size & Forecast 2019-2030, (Thousand Tons)

-Others (Cellulose, Rayon, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)

- By End-Use Industry

-Textiles & Apparel- Market Size & Forecast 2019-2030, (Thousand Tons)

-Furniture & Upholstery- Market Size & Forecast 2019-2030, (Thousand Tons)

-Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)

-Building & Construction- Market Size & Forecast 2019-2030, (Thousand Tons)

-Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)

-Others- Market Size & Forecast 2019-2030, (Thousand Tons)

- By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Acrylic Fiber Market:

Flourishing Apparel Industry to Augment Market Growth – The apparel industry across the world is being fueled by various factors, such as fast fashion and fluctuating financial situations. The consumption of clothing in emerging economies has increased rapidly due to a surge in GDP growth, especially observed in developing countries like China and India, which are investing heavily in their markets. Government schemes for textile manufacturing, like production-linked incentives, have been implemented by nations including India, which help boost manufacturing capabilities.

In 2022, Chinese textile companies had an incredible increase in profits of 25.5%, while also breaking records with garment exports valued at USD 315 billion. Thus enhancing its potential market value even further. The global apparel sector shows continued positive incremental growth projections where levels will hit peak values exceeding the USD 2.9 trillion mark, expanding up to rates of around 3-8% annually in the coming years. Therefore, the growing apparel industry leads to a higher demand for acrylic fiber.

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