Global Acrylic Yarn Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Acrylic Yarn Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Acrylic is a synthetic material with a wide range of possible end uses. Acrylic can be made into yarn or fabric as well as many other types of products.

Market Overview:

The latest research study on the global Acrylic Yarn market finds that the global Acrylic Yarn market reached a value of USD 2004.73 million in 2022. It’s expected that the market will achieve USD 2495.26 million by 2028, exhibiting a CAGR of 3.72% during the forecast period.

Strength

Development of economy and technology.
Increase downstream demand.
Diverse distribution channel.

Weakness

Fierce competition.
Unbalance development.
Low end product competition in some developing regions.

Opportunity

Quality and function development trend.
Growing opportunities in emerging markets, such as.
China,India,Brazil,Middle East and Africa.

Threat

Fluctuation price of raw materials.
Lack of innovation in some regions.
Alternative products.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Acrylic Yarn market and is expected to become the largest region by 2028.

Company Overview:

TORAY is one of the major players operating in the Acrylic Yarn market, holding a share of 4.33% in 2021.

TORAY

Toray Industries, Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry.

Hanil Synthetic Fiber

Hanil Synthetic Fiber Co., Ltd. produces acrylic fiber and yarn. The Company also manufactures men's and women's clothing and builds aparment complexes. Hanik Synthetic Fiber operates a resort through a subsidiary.

Segmentation Overview:

As for product types, the Colored Acrylic Viscose Blended Yarn segment held the largest market share in 2022.

Application Overview:

By application, the Apparel segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Acrylic Yarn market covered in Chapter 3:

Hengfeng Group
Sharman Woollen Mills Ltd
Tamishna Dyeing Industries Ltd.
Hanil Synthetic Fiber
T. K. Group of Industries
Aditya Birla Yarn
Razi Textile Company
Lida Modern Textile
Shepherd Industries Ltd.
Supreme Tex Mart
Pt. Excellence Qualities Yarn
Ring Shine Textiles Ltd.
MEI SHENG TEXTILES VIETNAM CO., LTD
R.N.Spinning Mills Limited
Ganga Acrowools
Gürteks Group
Thai Industries Development Co., Ltd.
Zhangjiagang Huaying International
TORAY
Sanganeriya Spinning Mills
Indorama
Vonex
Kahatex
Garg Acrylics Limited
Sutlej Textiles and Industries
ZXRG
Taekwang
Monaco Manufacturing
KANGWAL GROUP
National Spinning

In Chapter 4 and Chapter 14.2, on the basis of types, the Acrylic Yarn market from 2018 to 2029 is primarily split into:

White (100%) Acrylic Yarn
White Acrylic Viscose Blended Yarn
Colored (100%) Acrylic Yarn
Colored Acrylic Viscose Blended Yarn

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Acrylic Yarn market from 2018 to 2029 covers:

Apparel
Household Furnishing
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)