Staple Acrylic Fibre Market Innovations, Technology Growth and Research by 2022-2032
The global Staple Acrylic Fiber Market is expected to grow from US$ 2,964.4 Mn in 2022 to US$ 4,230.9 Mn by 2032. FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fibre production.
Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.
The market has been predominantly influenced by certain macro-economic and industrial factors including demographic dividend, textile industry growth, economic growth, per capita disposable income, etc.
In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.
China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.
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Competitive Landscape
According to FMI ****ysis, Aksa Akrilik Kimya Sanayii AS, Thai Acrylic Fibre Co. Ltd (TAF), Jilin Chemical Fiber Co., Ltd., Taekwang Industry Co. Ltd., Indian Acrylics Ltd., CHEMTEX GLOBAL CORPORATION, Vardhman Acrylics Ltd, Pasupati Acrylon Ltd., Japan Exlan Co. Ltd., Kaneka Corporation and others are identified as the key manufacturers in the Staple Acrylic Fibre market.
Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.
Staple Acrylic Fibre Market Segmentation
By Dyeing Method:
Dyed
Acid
Gel
Undyed
By Blend:
Acrylic-Wool
Acrylic-Viscose
Acrylic-Nylon
Acrylic-Cotton
Others
By End Use:
Textiles & Apparel
Furniture Upholstery
Industrial Filtration Material
Building & Construction
Automotive
Key Takeaways:
The global staple acrylic fibre market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
By blend, acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
By end use, textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
China’s staple acrylic fibre market is expected to reach about US$ 1,106.0 Mn by end of 2032.
The staple acrylic fibre market in India is expected to reach US$ 315.8 Mn by end of 2032.
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