What is Acrylic Fiber Market Scope?
Acrylic fiber is known as a synthetic fiber which closely resembles wool in its character. According to the definition of the ISO (International Standards Organization) and BISFA (International Synthetic Fiber Standardization Office), fibers that contain a minimum of 85% acrylonitrile in their chemical structure are known as "Acrylic Fibers". Acrylic fiber is composed of the acrylonitrile and a comonomer. The comonomer is added to improve the dyeability and the textile processability of the acrylic fiber. Acrylic fiber is produced with two different kinds of systems, wet spinning, and dry spinning. The rapid increase in the population in regions of China and India is expected to give a rise in demand for acrylic fiber
Influencing Trend:
Technological innovations for sustainable production of Acrylic Fiber by reducing the effect on the environment
Market Growth Drivers:
Demand in applications of blending and Increasing demand for its use in apparel
Challenges:
Acrylic fibers face competition from other synthetic fibers, such as polyester and nylon
Restraints:
Availability of polyester like a substitute and Stringent government regulations related to the production of acrylic fiber
Opportunities:
Online purchasing has driven the production of Acrylic Fiber
The Acrylic Fiber market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Japanese and Indian will contribute to the maximum growth of Global Acrylic Fiber market throughout the predicted period.
Aditya Birla Management Corporation Pvt Ltd (India), Aksa Akrilik Kimya Sanayii AŞ (Turkey), Dralon (Germany), Jilin Chemical Fiber Group Co. Ltd (China), Montefibre SpA (Italy), SINOPEC Shanghai Petrochemical Co. Ltd (China), DOLAN GmbH (Germany), Exlan Japan Co. Ltd (Japan), Formosa Plastics Group (Taiwan) and Indian Acrylics Limited (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kaneka Corporation (Japan), Mitsubishi Chemical Corporation (Japan), Pasupati Acrylon Ltd (India) and TAEKWANG INDUSTRIAL CO. LTD (South Korea).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Acrylic Fiber market by Type, Application and Region.
On the basis of application, Apparels segment is dominating the market in the year 2022
On the basis of geography, the market of Acrylic Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
Dralon GmbH entered into an agreement with Enzymicals AG, for a joint FNR-funded research project, to produce polyacrylonitrile bio catalytically, in order to reduce CO2 footprint.
Amazon.com NV Investment Holdings, Inc. and Samara Capital Inc. and sought approval from the Competition Commission of India (CCI) to acquire Aditya Birla Management Corporation Pvt. Ltd.
Key Target Audience
Acrylic fiber manufacturers, Suppliers and distributors, Potential investors, Raw material suppliers, Associations, Government and End-Use Industries
Acrylic Fiber Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Acrylic Fiber Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Acrylic Fiber industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.