Acrylic Fibers Market - By Fiber Type (Staple Fiber, Tow (Tow-Dyed) Fiber), By Application (Apparel, Home Textiles, Nonwoven Fabrics, Industrial & Technical Textiles, Carpets & Rugs, Outdoor & Recreational Products, Upholstery, Blankets & Bedding, Craft &

Acrylic Fibers Market - By Fiber Type (Staple Fiber, Tow (Tow-Dyed) Fiber), By Application (Apparel, Home Textiles, Nonwoven Fabrics, Industrial & Technical Textiles, Carpets & Rugs, Outdoor & Recreational Products, Upholstery, Blankets & Bedding, Craft & Hobby), By End-use & Forecast to 2032

Acrylic fibers market size is projected to expand at 3.4% CAGR from 2023 to 2032, owing to the surging demand for lightweight, durable, and cost-effective materials in various applications, such as apparel, home furnishings, and industrial textiles. Of late, the awareness and interest in synthetic fibers over natural alternatives has significantly increased due to resistance to moisture, chemicals, and sunlight.

The evolving trend of the textile industry for sustainable and eco-friendly materials will also increase the adoption of acrylic fibers. Moreover, the versatility in blending with other materials and their insulation properties will enhance the appeal of acrylic fiber, further driving innovations and widening scope of applications in diverse industries. For instance, in May 2023, Aditya Birla group company Thai Acrylic Fibre Co. Ltd. introduced Regel, a recycled acrylic fiber variant consisting of 75% recycled content for providing a sustainable solution for tackling the waste management challenges faced by the textile sector.

The industry is bifurcated into fiber type, application, end-use, and region.

Based on fiber type, the industry share from the tow (tow-dyed) fiber segment is projected to rise at substantial CAGR through 2032, due to the growing demand for vibrant and colorfast fibers in textile applications. Tow-dyed acrylic fibers help to maintain color consistency whilst offering resistance to fading, and versatility in design. This is contributing to their increasing popularity in the textile and apparel sector.

The carpets and rugs application segment is estimated to accumulate sizable revenue share of the acrylic fibers market by 2032. This is ascribed to the durability, stain resistance, and affordability offered by acrylic fibers. Moreover, the versatility in mimicking the appearance of natural wool will contribute to widespread product usage in carpets and rugs for meeting the consumer preference for functional and aesthetically pleasing flooring solutions.

Regionally, the Europe acrylic fibers industry is slated to expand at significant CAGR through 2032, due to the high demand for lightweight and synthetics fibers in the textile sector. The continuous innovations in fiber technologies along with the changing consumer preferences and sustainability trends will also drive the regional market expansion.