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Acrylic Fibers Market Size, Share, Development by 2024– Top Key players like Dralon,Aksa Akrilik,Exlan,Inc.
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Acrylic fiber is a synthetic fiber that closely resembles wool in its character. According to the definition of the ISO (International Standards Organization) and BISFA (International Synthetic Fiber Standardization Office), fibers which contain a minimum of 85% acrylonitrile in their chemical structure are called "Acrylic Fibers".
All manufactures in the world are committed to the improvement of product. As there are two major production process, such as wet spinning and dry spinning. Dry spinning is an advance technology compared with wet spinning process. Currently, manufacturers in China and India are more likely to used wet spinning process except Indian Acrylics and Qilu Petrochemical (a subsidiary of Sinopec in China). Aksa in Turkey also use wet spinning process.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Acrylic Fibers will increase.
During past five years, global demand varied from 2042.1 K MT in 2013 to 1850.8 K MT in 2018, with a CAGR of -1.95%. Also China and Europe are two major production regions. China is the largest consumption region. In 2017, China consumed about 895.1 K MT with a consumption share of 48.36%. In the future, we predict that global demand will continue to increase. By 2024, global consumption will be 1917.6 K MT.
According to this study, over the next five years the Acrylic Fibers market will register a 2.0% CAGR in terms of revenue, the global market size will reach US$ 4720 million by 2024, from US$ 4270 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Acrylic Fibers business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Aksa Akrilik
Dralon
Aditya Birla Group
Exlan
Mitsubishi Rayon Group
Taekwang
Formosa Plastics Corporation
Tong-Hwa Synthetic Fiber
Kaltex Fibers
Toray
DOLAN GmbH
SDF Group
Yousuf Dewan
Indian Acrylics
Pasupati Acrylon
Vardhman
Sinopec
Jilin Qifeng Chemical Fiber
CNPC
Jiangsu Zhongxin Resources Group
Zhejiang Hangzhou Bay Acrylic Fiber
Market Segment by Type, covers
Wet Spinning
Dry Spinning
Market Segment by Applications, can be divided into
Garment Industry
Home Textiles
Others
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Related Information:
North America Acrylic Fibers Market Growth 2019-2024
United States Acrylic Fibers Market Growth 2019-2024
Asia-Pacific Acrylic Fibers Market Growth 2019-2024
Europe Acrylic Fibers Market Growth 2019-2024
EMEA Acrylic Fibers Market Growth 2019-2024
Global Acrylic Fibers Market Growth 2019-2024
China Acrylic Fibers Market Growth 2019-2024
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