Acrylic Fibers Market Share, Size Global Regional Analysis, Key Findings, Industry Demand, Key Players and Forecasts to 2027

Market Intelligence Data recently published a research report called Acrylic Fibers Market. Primary and secondary research methods were used to construct this report. The Analysis was derived using history and predictions. The report includes an in-depth study of geographic regions, revenue forecasts, segmentation, and market share. The global Acrylic Fibers Market is expected to flourish in terms of volume and value over the forecast period. The report provides an understanding of the various drivers, threats, opportunities, and limitations of the market. Analysts have used SWOT and Porter’s Five Forces Analysis to determine the impact of these factors on market growth during the forecast period.

Acrylic Fibers market is envisaged to record an expansion at the CAGR of 6.77% over the forecast period, 2022 – 2027

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Market Overview

The acrylic fiber market size was estimated at  in 2020, and the market is projected to register a CAGR of less than  during the forecast period (2021-2026). The market was negatively impacted by COVID-19 in 2020, as the pandemic resulted in the shut down of businesses, production, and manufacturing facilities, resulting in no economic activity. Moreover, with the increase in the prices of acrylonitrile across the world during the pandemic, which is a major constituent of acrylic fibers, the rates of profits are decreasing, prompting the manufacturers to reduce operating rates to shut down the production facilities totally.

The major players covered in the Acrylic Fibers Market:

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, Jil

Recent Developments

In August 2018, Thai Acrylic Fibre Co. (Aditya Birla Group) and Bulliontex Co. Ltd announced a partnership to offer quality outdoor fabrics to the Thai market.
In May 2018, Dralon GmbH acquired Dolan GmbH, a producer of spun dyed acrylic fiber in Germany to enhance its product portfolio.

Acrylic Fibers Breakdown Data by Type

Wet Spinning Acrylic Fibers
Dry Spinning Acrylic Fibers

Acrylic Fibers Breakdown Data by Application

Garment Industry
Home Textiles
Others

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China to Dominate the Asia-Pacific Region

In the Asia-Pacific region, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP during 2019, even after the trade disturbance caused due to its trade war with the United States. According to the IMF, in 2020, the GDP of China has grown by 1.9 %. However, the GDP is expected to reach 8.2% in 2021.
Nearly all of China’s major industrial companies have reportedly resumed production. According to Chinese officials, over 95% of large enterprises, including in the hard-hit province of Hubei, after much of the country’s economy shut down to contain the COVID-19 virus, have resumed production. Also, the major enterprises in the country’s main industrial belt, like the provinces of Jiangsu, Zhejiang, and Guangdong, are fully open, but a quarter of small- and medium-sized businesses in China are still shut down.​

Regional Acrylic Fibers Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Table of Contents:

Global Acrylic Fibers Market Research Report 2022

Chapter 1 - Market Overview

Chapter 2 - Industry's Global Economic Impact

Chapter 3 - Manufacturers' Global Market Competition

Chapter 4 - Revenue (Value) by Region for Global Productions

Chapter 5 - Productions in the World, Revenue (Value), and Price Trends by Type

Chapter 6- Global Market Analysis by Application

Chapter 7 - Manufacturing Cost Analysis

Chapter 8 - Industrial Chain, Sourcing plan and Downstream Buyers

Chapter 9 - Marketing Strategy Analysis, Distributors/Traders

Chapter 10- Market Effect Factors Analysis

Chapter 11- Global Acrylic Fibers Market Forecast

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