01-11-2019 02:52 PM CET - Fashion, Lifestyle, Trends

Acrylic Fibers Market - Research Report, Industry Analysis - Aksa Akrilik Kimya Sanayii A.Ş., Dralon, JILIN QIFENG CHEMICAL FIBER CO., Thai Acrylic Fiber Co.Ltd., Indian Acrylics Limited, Pasupati Acrylon Limited, SINOPEC, Formosa Plastic Group and Polym

Press release from: Market Research Future
High Demand For Acrylic Fibers In Textile Industry To Propel The Growth Of Global Acrylic Fiber Market During 2017-2023
High Demand For Acrylic Fibers In Textile Industry To Propel The Growth Of Global Acrylic Fiber Market During 2017-2023

Industry/ Innovation/ Related News:

June 22, 2018 – Researchers at the U.S. Energy Department’s Pacific Northwest National Laboratory (PNNL) and LCW Supercritical Technologies published the study of a special kind of acrylic fibers to pull five grams of yellowcake, a powdered form of uranium used to produce fuel for nuclear power reactors from the seawater. For decades, researchers have been attempting to capture uranium dissolved in the world’s oceans and convert it to fuel for nuclear power plants.

The innovated acrylic fiber can attract and then hold on to uranium that was dissolved in the seawater. The uranium binding agent or “ligand” is also called as amidoxime. The research in collaboration with the PNNL-LCW follows seven years of work and an investment by the federal energy agency for US$ 25 million roughly. Another $1.15 million is being channeled to LCW to scale up the technique for commercial use.

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Global Acrylic Fiber Market – Segments

For the convenience of understanding, MRFR has segmented the report into four key dynamics.

By Forms: Staple and Filament

By Blending: Wool, and Cotton among others

By End-Use Industries: Apparel, Household Furnishing, and Industrial among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

Global Acrylic Fiber Market – Geographical Analysis

The Asia Pacific accounts for the leading market for Acrylic Fiber due to the increase in urban households, new applications of these fibers and the augmented sale in apparels due to the rapid growth in the online fashion market. Some countries such as India, Taiwan, and South Korea have made the APAC region the largest consumer of the Global Acrylic Fiber Market followed by the North America region, increasing the consumption of the product.

Moreover, the third largest market of Acrylic Fiber, Europe, is followed by Latin America and the Middle East owing to the growing applications of the different types of fibers such as cotton, wool, silk, nylon, viscose, and others.

Few of the driving forces reasoning the booming Acrylic Fiber Industry in the emerging economies such as India, China, South Africa, Brazil, and others include the abundant natural resources and cost-competitive labor force. Availability of other natural resources commonly used to make these fibers make these countries major contributors to the global market.

Markets in the developing economies witness immense potential in the world of Acrylic Fiber owing to their easy and cost-effective production processes. Developing economies indulge in the large production of both, staple and filament fibers. China has become the largest market for Acrylic Fiber owing to its vast textile production. A number of manufacturing plants of Acrylic Fiber are also majorly based in far-east Asia.

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