Acrylic Fiber Market - Business Research, Assessment Insights & Competitive Intelligence 2022

Market Research Future Published “Global Acrylic Fiber Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

AKSA Akrilik Kimya Sanayii A.S., Dralon, Thai Acrylic Fiber Co. Ltd (Thailand) (Aditya Birla Group, India), TOYOBO CO., LTD. (Exlan Japan Co., Ltd.), Taekwang Industry Co, Ltd. (South Korea), Indian Acrylics Limited (India), Pasupati Acrylon Limited (India) among others are some of the prominent players at the forefront of competition in the Global Acrylic Fiber Market and are profiled in MRFR Analysis.

Acrylic Fiber Market – Market Overview

Acrylic Fiber is a manmade Fiber and known as synthetic Fiber which is produced by two different methods including wet & dry spinning method. Acrylic Fiber closely resembles wool in its characters, which contain minimum 85% acrylonitrile in their chemical structure are called Acrylic fibers. The global acrylic Fiber market represents steady growth over the past seven years and it is likely to continue in same trend over the assessment period. In addition to this, the global market anticipated to progress in terms of CAGR due to its increasing popularity driven by lower denier properties.
Global market is heading towards growth stabilization supported by changing regional demographics. Acrylic Fiber represents huge numbers in terms market value and volume, although, the market registered single digit steady growth rate. Factors such as growing demand of apparel with changing climatic conditions likely to lead the growth for acrylic Fiber in the coming years. Emerging economies in Asia Pacific such as India, China, and Japan expected playing pivotal role due to high industrial advancements along with economic reforms. The region expected to retain its prominence over the coming years as well owing to rapid industrialization along with active presence of key industry participants. The growth in this region also considered as export driven up to some extent. The fact that, Asia Pacific has active presence of large number of players, Turkey consist of largest player in this market including Akrilik Kimya Sanayii A.Ş. (Aksa).

The ability of acrylic Fiber to offer versatile products in apparel industry has made it on high end by being key revenue generating industry. Apparel industry is offering wide application scope for acrylic Fiber along with creating further growth opportunities for existing products including sweaters, socks, fleece wear, circular knit apparel, and sportswear. Acrylic Fiber is highly matured market and it consist of few established market players along large number mid-scale manufactures. Thus, rivalry offers by this market is on global level is medium, although, the scenario may change in the coming years due the growth represented by this market. As per the detailed study published by the Market Research future on Acrylic Fiber, the global market will be showing lucrative growth prospects owing to technological advancements along with cost effective production of acrylic Fiber. On the flip side, raw material changes along with stringent environmental regulation may challenge the growth of this market over the forecast period of 2017-2023.

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Acrylic fibers Market- Competitive Landscape

The global acrylic Fiber is consolidated in nature as it is dominated by few established industry participants including. The players dominated global market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Exlan Japan Co. Ltd., Taekwang Industry Co, Ltd., Indian Acrylics Limited and Pasupati Acrylon Limited which holds substantial global share. This market is heading towards growth stabilization and offers moderate degree of competition served by industry players.

Industry/ Innovation/ Related News:

May, 2015- Thai Acrylic Fiber developed a new product phase change materials (PCM) acrylic Fiber with Outlast Technologies, USA. The production process allowed the acrylic Fiber material to perform 4 times better than existing one.

December 2015- Leading manufacturers of acrylic Fiber Aksa has expanded its production capacity from 308,000 tons/year to 315,000 tons/year, followed by the modernization of production process
March, 2016 – One of the top acrylic Fiber producer, Thai Acrylic Fiber which is part of Aditya Birla Group expanded a new Radianza brand gel dyed acrylic Fiber in china. By forming partnership with China based company Shandong HengTai textiles which is foremost producer of ecru and dyed acrylic yarn based in Shandong, China.

September- 2016 -TOYOBO tie up with Dutch Bio venture Company, Avantium to produce bio based resin i.e polyethylene furanoate (PEF) that has similar qualities to polyethylene terephthalate (PET). Compared to PET barring oxygen and barring water vapor, PEF films are 10 times more efficient bio based resins. Avantium based in Amsterdam, operates in the field of renewable resources. Toyobo already into bio based resin products but with expansion of PEF resins has expanded their production into new material as high functionality commodity

May, 2016- Pasupati Acrylon Limited has planned to enter flexible manufacturing market with 5000 tonnes per annum production capacity. However, staring new product portfolio will expand their horizon into world with integrated cast polypropylene film plant.

Acrylic Fiber Market – Segments

For the convenience of the report and enhanced understanding; The Acrylic Fiber Market is segmented in to 2 key segments

Segmentation by Form: Comprises Stable Acrylic Fiber and Filament Acrylic Fiber.

Segmentation by End User: Comprises Apparel Household Furnishing, Industrial, and Others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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