Global Staple Acrylic Fibers Market to Reach $5.2 Billion by 2030
The global market for Staple Acrylic Fibers estimated at US$4.2 Billion in the year 2023, is expected to reach US$5.2 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2023-2030. Apparel End-Use, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$4 Billion by the end of the analysis period. Growth in the Industrial End-Use segment is estimated at 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 4.6% CAGR
The Staple Acrylic Fibers market in the U.S. is estimated at US$1.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$660.8 Million by the year 2030.
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