Market Insights and Analysis: Acrylic Fiber Market Overview and Projections (2024-2030)
The Global Acrylic Fiber Market size is estimated at around USD 2.65 billion in 2024 & is expected to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30.
Top leading companies in the Acrylic Fiber Market includes:
Reliance Industries Limited (RIL), Thai Acrylic Fiber Co. Ltd. (TAF), Aditya Birla Management Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AŞ, China Petrochemical Corporation, Dralon, Formosa Plastics Corporation, Goonvean Fibres, Japan Exlan Co. Ltd., Jiangsu Zhongxin Resources Group, Jilin Chemical Fiber Group Co. Ltd., Kaltex, Mitsubishi Chemical Corporation, Pasupati Acrylon Ltd., Polyacryl Iran Corp., and others
Industry Recent Development:
- 2024: Reliance Industries Limited (RIL) announced the launch of Ecotherm, an acrylic fiber product that has completely transformed the textile industry, and offered a sneak peek at the Circular Design Challenge’s (CDC) global growth. The distinguished “Reliance Sourcing Solutions Pavilion” at BharatTex 2024 is the site of this launch of innovative acrylic fiber.
- 2022: Thai Acrylic Fiber Co. Ltd. (TAF) unveiled its latest initiative with the launch of a groundbreaking film advocating for the recycling of pre-consumed acrylic fibers as a pivotal waste management strategy within the textile and garment industry. Introducing their newest fiber brand, Regel Fiber, TAF champions the use of recycled acrylic fibers as a sustainable solution, emphasizing its role in tackling waste generated by the clothing sector and promoting a greener approach to manufacturing.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Form
-Continuous/Filament(Tow) Fiber
-Non-continuous/Staple Fiber
By Blend
-Acrylic-Wool
-Acrylic-Viscose
-Acrylic-Nylon
-Acrylic-Cotton
-Others (Cellulose, Rayon, etc.)
- The acrylic-wood blend segment dominates the acrylic fiber industry, holding the largest market share.
By End-Use Industry
-Textiles & Apparel
-Furniture & Upholstery
-Industrial
-Building & Construction
-Automotive
-Others
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Acrylic Fiber Market Geographic Reach:
The Geographic Reach of the Acrylic Fiber Market evaluates the spread and significance of Acrylic Fiber market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
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