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Acrylic Fibre Market

Acrylic fibre Market Size, Share & Growth Forecast by Fibre Form, Dyeing Method, Blending, End-use Industry, and Region for 2024 - 2031

Acrylic Fibre Market Size and Share Analysis

The global acrylic fibre market is forecast to expand at a CAGR of 4.8% and thereby increase from a value of US$ 5.0 Bn in 2024 to US$ 7.2 Bn by the end of 2031.

Attributes

Key Insights

Acrylic fibre Market Size (2024E)

US$ 5.0 Bn

Projected Market Value (2031F)

US$ 7.2 Bn

Global Market Growth Rate (CAGR 2024 to 2031)

4.8%

Historical Market Growth Rate (CAGR 2019 to 2023)

3.9%

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Market Introduction and Definition

The acrylic fibre market encompasses the global industry involved in the production, distribution, and utilization of acrylic fibres. Acrylic fibres are synthetic fibres made from polymers derived from acrylonitrile, a compound derived from petroleum or natural gas. These fibres possess properties such as softness, durability, colorfastness, and resistance to sunlight and chemicals, making them versatile materials used in various applications across industries.

The market for acrylic fibres is influenced by factors such as fashion trends, industrial demand, technological advancements, and sustainability concerns. Acrylic fibres are synthetic textile fibres made from acrylonitrile polymers, known for their wool-like softness, lightweight nature, and excellent thermal properties. These fibres are widely used in apparel, home furnishings, industrial applications, and outdoor products.

Acrylic fibre production involves processes like wet spinning, dry spinning, or solution spinning, resulting in fibres with different characteristics suitable for specific applications. The acrylic fibre market serves diverse sectors, including fashion and apparel, household textiles, automotive, construction, and filtration.

The acrylic fibre market is a dynamic sector driven by a multitude of factors such as changing consumer preferences, technological innovations, economic conditions, and environmental regulations. The market encompasses a wide range of products, including staple fibres, tow, and filament yarns, catering to various end-user industries.

Manufacturers are investing in research and development to produce bio-based and recycled acrylic fibres with increasing awareness about sustainability and the demand for eco-friendly alternatives. The market also experiences fluctuations in demand due to factors like fashion cycles, seasonal variations, and geopolitical events.

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Drivers Shaping the Market

Sustainable Fashion Movement

The acrylic fibre market is witnessing substantial growth driven by the burgeoning sustainable fashion movement. As consumers increasingly prioritize environmentally friendly products, there is a rising demand for textile materials that offer both performance and sustainability. Acrylic fibre, known for its softness, durability, and lightweight properties, is gaining traction as a viable alternative to traditional fibres like cotton and wool. The crucial factor that sets acrylic fibre apart is its low environmental impact compared to natural fibres, as it requires less water and energy for production and generates fewer greenhouse gas emissions.

As fashion brands and textile manufacturers embrace sustainability goals, the acrylic fibre market is poised for expansion, catering to the growing demand for eco-friendly and ethically sourced materials in the fashion industry.

Versatility and Performance Driving Demand Across Various Applications

The acrylic fibre market is experiencing robust growth fueled by its versatility and performance across a wide range of applications. Acrylic fibres are valued for their excellent moisture-wicking properties, softness, and resistance to fading, making them ideal for use in textiles, including apparel, upholstery, and carpets.

Acrylic fibres are highly customizable, allowing manufacturers to produce fibres with specific characteristics tailored to different end uses. From outdoor clothing and sportswear to home furnishings and industrial applications, acrylic fibres find extensive usage due to their durability and ability to retain color and shape. This versatility and performance drive the demand for acrylic fibres across diverse industries, contributing to the growth of the acrylic fibre market.

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Factors Impeding the Market

Competitive Pressure from Substitutes

One significant constraint facing the acrylic fibre market is the intense competition posed by substitute materials, including polyester, nylon, and natural fibres like cotton and wool. These alternatives often offer comparable performance characteristics and, in some cases, superior sustainability credentials, challenging acrylic fibres' market position.

Shifting consumer preferences towards eco-friendly and biodegradable materials further exacerbate this challenge. To counteract this trend, acrylic fibre producers must focus on innovation, developing high-value-added products with unique attributes and enhancing sustainability throughout the supply chain.

Volatile Raw Material Prices

Another key growth restraint for the acrylic fibre market is the volatility in raw material prices, particularly acrylonitrile, the primary monomer used in acrylic fibre production. Fluctuations in crude oil prices, geopolitical tensions, and supply-demand dynamics influence acrylonitrile prices, impacting manufacturing costs and profitability margins for acrylic fibre producers.

The dependency on petrochemical feedstocks exposes the industry to market uncertainties and supply chain risks. Mitigating these challenges requires strategic procurement practices, long-term supply agreements, and investments in research and development to optimize production processes and reduce reliance on volatile raw materials.

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Future Opportunities for the Market Players

Growing Demand for Acrylic Fibres in Textile Industry

The acrylic fibre market is experiencing significant growth driven by its widespread adoption in the textile industry. Acrylic fibres, known for their softness, warmth, and wool-like texture, are increasingly preferred by textile manufacturers for producing a variety of clothing items such as sweaters, blankets, and outerwear. With properties similar to wool but at a lower cost, acrylic fibres offer an attractive alternative for consumers seeking affordable yet durable and easy-to-maintain garments.

Acrylic fibres exhibit excellent color retention and resistance to sunlight, making them suitable for outdoor and sportswear applications. The versatility of acrylic fibres also extends to blending with other fibres, enhancing fabric properties such as strength, elasticity, and wrinkle resistance. As fashion trends evolve towards sustainability and animal-friendly alternatives, acrylic fibres present an environment-friendly choice compared to natural fibres like wool.

Expansion of Acrylic Fibre Applications in Non-Textile Sectors

Beyond the textile industry, acrylic fibres find diverse applications across non-textile sectors, driving further growth in the market. Acrylic fibres are valued for their versatility, durability, and resistance to moisture, making them suitable for various industrial and technical applications. In the automotive industry, acrylic fibres are used in upholstery, carpeting, and soundproofing materials due to their abrasion resistance and colorfastness.

Acrylic fibres are utilized in the production of filtration media, reinforcing materials, and construction composites, where their strength and chemical resistance properties are highly beneficial. The expanding use of acrylic fibres in industries such as aerospace, marine, and healthcare underscores their versatility and growing importance in modern manufacturing processes.

As research and development efforts continue to improve the performance and functionality of acrylic fibres, their applications are expected to diversify further, driving sustained growth in the acrylic fibre market.

Analyst's Overview

The acrylic fibre market is expected to witness steady growth in the coming years, propelled by a variety of factors. The increasing demand for acrylic fibres in the textile industry, particularly for applications like sweaters, blankets, and upholstery, is driving market expansion.

Acrylic fibres offer properties such as softness, durability, and resistance to wrinkles and abrasion, making them a preferred choice for manufacturers aiming to meet consumer demands for high-quality, comfortable textiles.

The versatility of acrylic fibres extends beyond textiles, with applications in industries like automotive, aerospace, and construction. Their ability to mimic the properties of natural fibres like wool while being more cost-effective and easy to maintain has contributed to their widespread adoption.

Ongoing advancements in manufacturing processes and product innovations are expected to further boost market growth, enhancing the performance characteristics and expanding the application scope of acrylic fibres. With increasing demand across multiple industries and ongoing technological developments, the acrylic fibre market is poised for continued expansion in the foreseeable future.

Supply-side Dynamics

The acrylic fibre market is experiencing dynamic shifts in demand and supply dynamics, influenced by various factors. The growing demand for acrylic fibre in the textile industry, particularly for the production of apparels, upholstery, and carpets, is a major driver of market growth.

Acrylic fibre has become a preferred choice for manufacturers seeking versatile and cost-effective materials with its properties such as softness, warmth, and resistance to sunlight and chemicals. Moreover, the increasing adoption of acrylic fibre in industrial applications such as outdoor fabrics, awnings, and filtration media further propels market expansion.

Manufacturers are investing in technological advancements to enhance production efficiency and product quality. Efforts toward developing eco-friendly and sustainable acrylic fibres are also gaining momentum in response to growing environmental concerns. Additionally, strategic collaborations and partnerships between key industry players are fostering innovation and driving market competitiveness.

Category-wise Analysis

Diverse Fibre Forms

How is the Acrylic Fibre Market Segmented Based on Fibre Form?

Acrylic fibre market segmentation begins with its diverse fibre forms, distinguishing between staple and filament. Staple fibres, characterized by their short length, find prominence in applications requiring insulation and bulk, such as in winter clothing. On the other hand, filament fibres, with their long continuous strands, dominate in fabrics where strength and sheen are valued, like sportswear and upholstery.

The staple segment, though traditionally robust, is witnessing a surge owing to the growing demand for insulation materials in various industries, including construction and automotive. The filament segment is experiencing steady growth, primarily driven by the expanding sportswear and home furnishing markets.

How is the Market Classified in Terms of Dyeing Methods?

The second facet of market segmentation delves into the dyeing methods employed in acrylic fibre production such as acid, gel, and undyed. Acid dyeing, known for its vibrant and permanent colors, caters to the fashion and apparel industry, offering a wide spectrum of hues for designers to play with. Gel dyeing, prized for its consistency and resistance to fading, finds favor in outdoor and industrial applications, where durability is paramount.

Undyed acrylic fibres, appreciated for their natural aesthetic and versatility, are gaining traction in eco-friendly and sustainable fashion initiatives. The increasing demand for acid-dyed fibres in the booming apparel sector and gel-dyed fibres in industrial and outdoor applications is poised to bolster acrylic fibre's market share significantly throughout the forecast period.

Region-wise Analysis

Growing Emphasis on Sustainability is Driving the Market in North America

In North America, the acrylic fibre market is experiencing steady growth, propelled by innovation and a growing emphasis on sustainability. The region's textile industry utilizes acrylic fibre in various applications such as apparel, home furnishings, and industrial textiles due to its versatility, softness, and durability. Moreover, the increasing demand for lightweight, breathable, and eco-friendly textiles is driving the adoption of acrylic fibre blends in activewear and athleisure segments.

Manufacturers in North America are investing in research and development to enhance the performance and sustainability of acrylic fibre through advancements in fibre production techniques and recycling technologies. Furthermore, stringent environmental regulations and consumer preferences for sustainable products contribute to the market's growth trajectory in North America.

What is the Market Growth Outlook in Europe?

In Europe, the acrylic fibre market is thriving, driven by the fashion and automotive industries' demand for high-performance and cost-effective synthetic fibres. Acrylic fibre finds widespread use in fashion apparel, upholstery, carpets, and automotive interiors due to its softness, colorfastness, and resistance to wrinkles and abrasion.

The region's fashion-conscious consumers prefer acrylic fibre garments for their aesthetic appeal and affordability, contributing to market growth. Moreover, the automotive sector's increasing focus on lightweight materials and interior comfort drives the demand for acrylic fibre-based fabrics and yarns in vehicle upholstery and trim applications.

Competitive Landscape for the Acrylic Fibre Market

The acrylic fibre market is fiercely driven by key players such as Aksa Akrilik Kimya Sanayii A., Dralom, Aditya Birla Group, and Jilin Chemical Fibre Company. These companies showcase a diverse range of competitive strategies to maintain their market dominance.

Aksa Akrilik Kimya Sanayii A. focuses on vertical integration, ensuring control over the entire production process, from raw material to finished product, thereby ensuring quality and cost-effectiveness.

Dralom stands out for its innovation-driven approach, constantly introducing new products and technologies to cater to evolving market demands. Aditya Birla Group leverages its extensive global presence and distribution network to reach a wide customer base while also emphasizing sustainability and environmental responsibility in its operations.

Jilin Chemical Fibre Company emphasizes cost leadership, efficiently managing production costs to offer competitive pricing without compromising on quality. These market leaders enjoy key competitive advantages such as strong brand recognition, technological expertise, and established customer relationships, enabling them to withstand market fluctuations and maintain profitability.

The competitive landscape is anticipated to witness further consolidation as companies strive to expand their market share through strategic partnerships, acquisitions, and diversification into adjacent segments. Sustainable practices, product innovation, and agility in responding to changing consumer preferences will continue to be pivotal in shaping the competitive dynamics of the acrylic fibre market.

Key Recent Developments

Sustainable Production Initiatives

Recent developments in the acrylic fibre market include a focus on sustainable production methods, such as utilizing recycled materials and implementing eco-friendly manufacturing processes. This shift towards sustainability addresses environmental concerns and enhances the market appeal of acrylic fibres among environmentally conscious consumers and industries.

Impact on Market

The adoption of sustainable production initiatives in the acrylic fibre market positively impacts its growth trajectory by appealing to environmentally conscious consumers and industries. It enhances market competitiveness, improves brand reputation, and expands market opportunities for acrylic fibre manufacturers, driving overall market growth and sustainability efforts.

Technological Innovations in Fibre Properties

Innovations in acrylic fibre manufacturing processes have led to advancements in fibre properties, such as improved strength, durability, and colorfastness. These technological developments enhance the performance and versatility of acrylic fibres, making them suitable for a wider range of applications across various industries.

Impact on Market

The technological innovations in acrylic fibre properties expand their applicability across diverse industries, driving market growth and demand. Enhanced fibre characteristics such as strength, durability, and colorfastness enable acrylic fibres to cater to evolving consumer preferences and industry requirements, thereby strengthening their market position and competitiveness.

Market Expansion in Emerging Economies

The acrylic fibre market is witnessing significant expansion in emerging economies, fueled by rising disposable incomes, urbanization, and growing textile industries. This expansion opens up new growth opportunities for acrylic fibre manufacturers, leading to increased investments, production capacities, and market penetration in these regions.

Impact on Market

The market expansion in emerging economies presents lucrative growth prospects for acrylic fibre manufacturers, driving market demand and revenue growth. Increased investments and production capacities in these regions cater to growing consumer demands for textiles and apparel, fueling market expansion and global competitiveness in the acrylic fibre industry.

Acrylic Fibre Market Report Scope

Attributes 

Details 

Forecast Period 

2024 to 2031

Historical Data Available for 

2018 to 2024

Market Analysis 

US$ Billion for Value 

Key Regions Covered 

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • The Middle East & Africa

Key Countries Covered 

  • The United States 
  • Canada 
  • Germany 
  • The United Kingdom 
  • France 
  • Italy 
  • Spain 
  • Russia 
  • China 
  • Japan 
  • South Korea 
  • India 
  • Thailand 
  • Malaysia 
  • Indonesia 
  • Australia 
  • New Zealand 
  • GCC Countries 
  • South Africa ? 

Key Market Segments Covered 

  • Fibre Form
  • Dyeing Method
  • Blending
  • End-use Industry
  • Region

Key Companies Profiled 

  • Aksa Akrilik Kimya Sanayii A.
  • Dralom
  • Aditya Birla Group
  • Jilin Chemical Fibre Company
  • TAEKWANG INDUSTRIAL CO. LTD.
  • Exlan Japan Co. Ltd.
  • Kaneka Corporation
  • Indian Acrylics Limited
  • Pasupati Acrylon Ltd.
  • Vardhman Acrylics Ltd.

Report Coverage 

  • Market Forecast 
  • Company Share Analysis 
  • Competition Intelligence 
  • Market Dynamics and Challenges 
  • Strategic Growth Initiatives 

Customization & Pricing 

Available upon request 

Acrylic Fibre Market Segmentation

By Fibre Form

  • Staple
  • Filament

By Dyeing Method

  • Acid
  • Gel
  • Undyed

By Blending

  • Wool
  • Cotton
  • Others

By End-use Industry

  • Apparels
  • Home Furnishing
  • Industrial
  • Outdoor

By Region

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • The Middle East & Africa

- Companies Covered in This Report -

- Frequently Asked Questions -

Versatility and performance of acrylic fibres across a wide range of applications is a key factor for market growth.

The market is expected to increase from a value of US$ 5.0 Bn in 2024 to US$ 7.2 Bn by the end of 2031.

A few of the leading players operating in the market are Aksa Akrilik Kimya Sanayii A., Dralom, and Aditya Birla Group.

Growing demand for acrylic fibres in textile industry is a key opportunity in the market.

The global acrylic fibre market is forecast to expand at a CAGR of 4.8% during the forecast period.

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