Acrylic Fibers Market to Reach US$ 5,294.3 Mn in 2022, Exhibiting a CAGR of 4.01%

Ben Wood

Acrylic Fibers Market to Reach US$ 5,294.3 Mn in 2022, Exhibiting a CAGR of 4.01%

Market Overview:

The global Acrylic Fibers Market is estimated to be valued at US$ 5,294.3 Mn in 2022 and is expected to exhibit a CAGR of 4.01% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Acrylic fibers are synthetic fibers made from polymers derived from acrylic acid or acrylonitrile. These fibers are known for their high strength, durability, and excellent thermal insulation properties. They find a wide range of applications in various industries, including textiles, apparel, automotive, and home furnishing. The growing demand for acrylic fibers in the textile industry, particularly for manufacturing lightweight and durable clothing materials, is driving the market growth. Additionally, the increasing use of acrylic fibers in the automotive sector for interior applications, such as carpeting and upholstery, is further fueling the market demand.

Market Key Trends:

One key trend in the acrylic fibers market is the rising demand for sustainable and eco-friendly fiber alternatives. With the increasing focus on environmental sustainability, manufacturers are investing in research and development to create acrylic fibers that are biodegradable and have a lower carbon footprint. The development of bio-based acrylic fibers is gaining traction in the market, as they offer similar properties to conventional acrylic fibers but with reduced environmental impact. These sustainable acrylic fibers are expected to witness significant growth in the coming years, driven by consumer demand for eco-friendly products.

The prominent players operating in the acrylic fibers market include Aksa Akrilik Kimya Sanayii A.S. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fibre Company

Segment Analysis:

The acrylic fibers market can be segmented based on type and end-use industry. In terms of type, the market can be categorized into tow and staple. Among these, the staple segment is expected to dominate the market during the forecast period. Staple acrylic fibers find extensive application in the textile industry, especially in the production of apparel and home furnishings. These fibers offer various advantages such as softness, warmth, and durability, which make them highly desirable in the textile sector. The growing demand for comfortable and lightweight clothing is driving the adoption of staple acrylic fibers. Additionally, the increasing use of staple acrylic fibers in the production of nonwoven fabrics, such as diapers, wipes, and surgical gowns, further boosts the segment's dominance in the market.

Key Takeaways:

The global acrylic fibers market is projected to witness high growth, exhibiting a CAGR of 4.01% over the forecast period. This growth can be attributed to several factors, including the increasing demand for acrylic fibers in the textile industry, as well as their wide application in various end-use industries such as automotive, aerospace, and healthcare. The rising disposable income and changing fashion trends are driving the demand for acrylic fiber-based apparel, which further propels the market growth.

In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the acrylic fibers market. This can be attributed to the presence of key textile manufacturing countries such as China, India, and Bangladesh in the region. The growing population, rapid urbanization, and increasing disposable income in these countries are fueling the demand for acrylic fibers, thereby driving the market growth in the region.

Key players operating in the acrylic fibers market include Aksa Akrilik Kimya Sanayii A.S. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fibre Company, Taekwang Industrial Co., LTD, Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd. These companies focus on strategic initiatives such as mergers and acquisitions, collaborations, and product innovations to gain a competitive edge in the market. With growing demand for acrylic fibers, these key players are expected to witness significant growth prospects in the coming years.

https://www.newswirestats.com/acrylic-fibers-market-is-estimated-to-witness-high-growth-owing/

Ben Wood

Global Acrylic Fibers Market Is Estimated To Witness High Growth Owing To Increasing Demand for Lightweight and Durable Fabrics

Ben Wood 2023-08-18

The global Acrylic Fibers Market is estimated to be valued at USD 5,294. B) Market Key Trends: One key trend in the acrylic fibers market is the increasing preference for eco-friendly and sustainable products. - Technological: Advancements in manufacturing processes and the development of eco-friendly fibers are important technological factors in the acrylic fibers market. D) Key Takeaways: - The global acrylic fibers market is expected to witness high growth, exhibiting a CAGR of 4. In conclusion, the global acrylic fibers market is projected to experience significant growth in the coming years due to the increasing demand for lightweight and durable fabrics.

Apparel & Clothing Is The Fastest Growing Segment Fueling The Growth Of Acrylic Fibers Market

Ashish Thapa 2023-12-08

The global Acrylic Fibers Market is estimated to be valued at US$ 5506. Additionally, innovative product development with improved aesthetics and functionalities is also fueling the demand of acrylic fibers globallySegment AnalysisThe global acrylic fibers market is dominated by the apparel segment. The apparel segment accounted for over 50% of the overall acrylic fibers market share in 2022. Regional analysis Asia Pacific dominated the global acrylic fibers market and accounted for over 40% of the global demand in 2022. China, India, and Indonesia have emerged as the fastest growing markets for acrylic fibers in the region.

Report on Acrylic Fibers Market Research 2032 - Value Market Research

Jasica Johne 2024-01-29

Get more information on "Global Acrylic Fibers Market Research Report" by requesting FREE Sample Copy at https://www. Moreover, the rising demand in emerging markets, sustainability considerations, and the use of acrylic fibers in non-apparel sectors, including filtration and industrial applications, contribute to the growth of the acrylic fibers market. Additionally, these tools also give an inclusive assessment of each segment in the global market of acrylic fibers. Browse Global Acrylic Fibers Market Research Report with detailed TOC at https://www. Purchase Complete Global Acrylic Fibers Market Research Report at https://www.

Emerging Markets in the Acrylic Fibers Market: Growth Prospects

Pooja salve 2023-07-17

The acrylic fibers market is witnessing several emerging trends that present both opportunities and challenges for stakeholders. The acrylic fibers industry is experiencing a shift towards emerging markets, presenting significant growth prospects for industry players. One of the key drivers of growth of Acrylic Fibers Market in emerging markets is the increasing consumption of textiles and apparel. To tap into the growth prospects of emerging markets, acrylic fibers manufacturers should focus on developing localized strategies. In conclusion, emerging markets present promising growth prospects for the acrylic fibers industry.

Growth Accelerated By Increased Demand For Acrylic Fibers In Apparel Industry

Sumedha 2023-12-22

Rising demand for affordable apparel and home textiles has boosted the adoption of acrylic fibers across various applications in the textile industry. The global acrylic fibers Market is estimated to be valued at US$ 5506. Key Takeaways The Global Acrylic Fibers Market Size is expected to witness high growth over the forecast period of 2023-2030. The global acrylic fibers Market is estimated to be valued at US$ 5506. Regional analysis: Asia Pacific holds the major share of the global acrylic fibers market led by China's dominance. China produces about 60% of global acrylic fibers with established production facilities.

Global Acrylic Fibers Market Is Estimated To Witness High Growth

Larry Paige 2023-08-23

The global acrylic fibers market is estimated to be valued at US$5,294. The need for products associated with the acrylic fibers market is driven by the increasing demand for sustainable and environmentally-friendly fibers. B) Market Key Trends: One key trend in the global acrylic fibers market is the growing demand for flame-retardant acrylic fibers. D) Key Takeaways: - The global acrylic fibers market is expected to witness high growth, exhibiting a CAGR of 4. In conclusion, the global acrylic fibers market is expected to witness significant growth driven by the increasing demand for sustainable and environmentally-friendly fibers.

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Market Analysis and Insights:- Global Acrylonitrile MarketGlobal Acrylonitrile Market, By Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Others), End- User Industry (Automotive, Electrical & Electronics, Construction, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel,Rest of Middle East and Africa), Industry Trends and Forecast to 2027 Market Analysis and Insights: Global Acrylonitrile MarketAcrylonitrile market will register this growth at a rate of 4.1% for the forecast period of 2020 to 2027.Increasing demand for acrylic fibers manufactured from acrylonitrile is expected to create new opportunity for the market.Increasing application of acrylonitrile in different applications such as construction, pharmaceutical, construction, packaging and other is expected to enhance the market growth.

Some of the other factors such as growth in electrical & electronics industry, rising usage of plastics in automobile to decrease the overall weight of the vehicles, growing demand from construction activities, and increasing demand for bio- based acrylonitrile produced using renewable feedstock is expected to accelerate the acrylonitrile market in the forecast period of 2020 to 2027.Get More Insight About the Global Acrylonitrile Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-acrylonitrile-marketIncreasing usage of low cost polyester fiber in textile is expected to hamper market growth in the mentioned forecast period.This acrylonitrile market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.

To gain more info on Data Bridge Market Research acrylonitrile market contact us for an Analyst Brief,our team will help you take an informed market decision to achieve market growth.Global AcrylonitrileMarket Scope and Market SizeAcrylonitrile market is segmented of the basis of application and end-user industry.

The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.On the basis of application, the acrylonitrilemarket is segmented into acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene, acrylamide, carbon fiber, nitrile rubber and others.Based on end-user industry, the acrylonitrile market is segmented into automotive, electrical & electronics, construction, packaging and others.Acrylonitrile Market Country Level AnalysisAcrylonitrile market is analysed and market size, volume information is provided by application and end- user industry as referenced above.The countries covered in the acrylonitrile market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.Know More Insight About this Report @ https://www.databridgemarketresearch.com/reports/global-acrylonitrile-marketAsia-Pacific dominates the acrylonitrile market in forecast period of 2020 to 2027 due to increasing demand for acrylic fibers from apparel and home furnishing industry in the region.The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market.

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