Acrylic Fiber Market by Form Type (Filament Fiber, Staple Fiber), Fabric Type (Acrylic, Lastrile, Modacrylic), Application - Global Forecast 2024-2030

Acrylic Fiber Market by Form Type (Filament Fiber, Staple Fiber), Fabric Type (Acrylic, Lastrile, Modacrylic), Application - Global Forecast 2024-2030

The Acrylic Fiber Market size was estimated at USD 2.93 billion in 2023 and expected to reach USD 3.05 billion in 2024, at a CAGR 4.41% to reach USD 3.96 billion by 2030.

Acrylic fiber is a synthetic fiber prepared from a polymer named polyacrylonitrile. In simpler terms, it is an artificial fiber created from the combination of certain chemicals to produce a material that resembles the properties of natural wool. Acrylic fibers are soft, warm, light, and dyed in various colors. In addition, acrylic fibers resist moths and chemicals and retain their shape and texture well. Due to these properties, acrylic fibers are commonly used in the textile industry, finding application in clothing, home furnishings, and outdoor fabrics. Despite its wool-like feel, acrylic is distinguished by its ability to dry rapidly and its resistance to shrinkage and wrinkles, making it a popular choice for consumers seeking low-maintenance fabric options. The increasing demand for apparel and accessories from the fashion industry and the growing adoption of acrylic fiber by the home furnishing industry are propelling the growth of the acrylic fiber market. The widening utilization of acrylic fibers in seasonal clothing owing to water-resistant properties further drives the market expansion. However, the availability of other synthetic alternatives and fluctuating prices of raw materials hinder the adoption of acrylic fibers. Ongoing research & development of improved high-performing acrylic fiber offers remunerative opportunities for the growing acrylic fiber market.

Regional Insights

The Americas, particularly the United States and Canada, play a vital role in global acrylic fiber usage, primarily driven by the demand in fashion, home décor, and industrial sectors. The North American acrylic fiber market is witnessing moderate growth owing to the region's mature textile industry and consumers' shift toward sustainable and natural fibers, impacting the demand for synthetic fibers such as acrylic. The Asia-Pacific region's acrylic fiber market growth is driven by robust economic growth, rising consumer spending, and the strong presence of textile manufacturing. The region showcases high production and consumption of acrylic fiber, with an ever-increasing demand for affordable and versatile textiles for clothing and home furnishings. Innovation in fiber technology and a focus on sustainability are also shaping market trends in the Asia-Pacific region, with several manufacturers investing in recycling and eco-friendly production processes. The EMEA region presents a diverse picture, with Europe showcasing high demand for high-quality, sustainable textile products. The stringent environmental regulations and a strong consumer preference for eco-friendly materials influence the market, pushing manufacturers towards innovation and sustainability. The Middle East shows potential for growth, particularly in the luxury apparel segment. Africa is expected to emerge as a significant acrylic fiber market owing to its growing population and economic development.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Acrylic Fiber Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for apparels and accessories from fashion industry
• Rising adoption of acrylic fiber from home furnishing industry
• Increasing utilization in seasonal clothings due to water resistant properties

Market Restraints

• Availability of other synthetic alternatives and fluctuating prices of raw materials

Market Opportunities

• Ongoing research & development of improved high-performing acrylic fiber
• Rising application in 3D printing and new uses such as medical composites

Market Challenges

• Health and environmental concerns due to use of acrylic fibers

Market Segmentation Analysis

• Form Type: Increasing demand for acrylic staple fibers owing to their cost-effectiveness and versatility in various textile applications
• Application: Widening use of acrylic fiber in the apparel manufacturing due to its lightweight nature

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acrylic Fiber Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acrylic Fiber Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Thai Acrylic Fibre Co. Ltd. Advances Sustainable Textile Innovation at Textile Exchange Conference 2023

Thai Acrylic Fibre Co. Ltd. (TAF) introduced the advancement of Regel, a recycled acrylic fiber, at the Textile Exchange Conference 2023. TAF's Regel exemplifies a groundbreaking shift toward environmental sustainability in textiles. It emerges with exceptional Material Sustainability Index (MSI) scores and impressive Life Cycle Assessment (LCA) credentials, illustrating its innovative contribution to sustainable textile applications.

Sudamericana de Fibras Innovates with Eco-Friendly Drytex Cycle Acrylic Fibers

Sudamericana de Fibras (SDF) unveiled Drytex Cycle, a pioneering product line integrating up to 50 percent post-industrial content, aligning with the Recycled Blended Claim Standard. Drytex Cycle represents a significant advancement in eco-sustainable fiber technology. This innovative approach repurposes industrial waste into staple fiber or top, available in ecru, showcasing SDF’s commitment to ecological sustainability.

Innovative Partnership Enhances Traceability of Recycled Acrylic Fiber

Swiss-based Haelixa teamed up with Damteks Tekstil to revolutionize the sustainability of the textile industry. This collaboration introduces a groundbreaking method where recycled acrylic fibers by Damteks are embedded with Haelixa's unique DNA markers. These markers, applied as a fine mist, enable precise tracking of the fibers through a non-invasive spot-check process utilizing PCR technology. This state-of-the-art method guarantees 100% reliability and upholds forensic standards, ensuring unparalleled traceability and authenticity in recycled yarn products.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acrylic Fiber Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acrylic Fiber Market, highlighting leading vendors and their innovative profiles. These include Aditya Birla Group, Aksa Akrilik Kimya Sanayii A.Ş., Asahi Kasei Corporation, Dodenhoff Industrial Textiles, Inc., DuPont de Nemours, Inc., Goonvean Fibres Ltd., Indian Acrylics Ltd., Japan Exlan Co., Ltd., Jiangsu Zhongxin Resources Group Co.,Ltd, Kaneka Corporation, Koninklijke DSM N.V, Kuraray Co., Ltd., Leigh Fibers, Microfibres, Inc., Mitsubishi Chemical Corporation, Ningbo Zhongxin Acrylic Fibers Co., Ltd., Pasupati Acrylon Ltd., Pro-Tech Products, Inc., RadiciGroup, Sinopec Group, Sterling Fibers Inc., Sudamericana de Fibras S.A., Taekwang Industrial Co., Ltd, Toray Industries Inc., and Vardhman Acrylics Ltd..

Market Segmentation & Coverage

This research report categorizes the Acrylic Fiber Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Form Type
• Filament Fiber
• Staple Fiber
• Fabric Type
• Acrylic
• Lastrile
• Modacrylic
• Nytril
• Application
• Apparel
• Household Furnishing
• Industrial
• Medical Textiles
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year