Acrylic Fibre Market Set to Grow at 4.2% CAGR, Reaching USD 8,006.7 Million by 2033

The acrylic fibre market size is predicted to hit a valuation of USD 8,006.7 million by 2033. The acrylic fibre market share is estimated to expand at a CAGR of 4.2% from 2023 to 2033.

Due to its characteristics, such as softness, lightness, and superb drape, acrylic fibers are frequently used in the textile industry. Due to their comparable warmth and appeal at a lesser price, they are frequently used to replace natural fibers like wool. The textile industry's rising need for acrylic fibers has fueled the market's growth.

It is simple to blend acrylic fibers with other fibers, such as cotton, wool, and polyester, improving their qualities and making them appropriate for various applications. The popularity of acrylic fibers is growing because they may be tweaked to match certain specifications for various end-use sectors, including garments, home textiles, upholstery, and industrial uses.

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The growing emphasis on health and fitness has increased demand for outdoor and sportswear. These applications benefit from the characteristics of acrylic fibers, such as breathability, resistance to fading, and resistance to pilling. This industry's demand for acrylic fibers is increasing as consumers want more cozy and long-lasting garments.

The proliferation of e-commerce platforms and online vendors has increased the market for textile items on a worldwide scale. Customers may access a variety of items, including those derived from acrylic fibers, through online retail, improving their visibility and sales, which in turn supports market expansion.

Key Trends Driving the Acrylic Fibre Market

Growing Demand in the Textile Industry: Acrylic fibres are widely used in apparel, home textiles, and upholstery due to their lightweight, soft texture, and versatility. Increased consumer preference for synthetic fibres has significantly boosted the demand for acrylic fibres.

Shift Toward Sustainable and Eco-friendly Materials: The shift towards eco-friendly and recyclable materials is driving the adoption of bio-based acrylic fibres, reducing environmental impact while offering high-quality alternatives to traditional acrylic fibres.

Rising Demand for Nonwoven Fabrics: Acrylic fibres are gaining popularity in the production of nonwoven fabrics, which are used in medical, hygiene, and automotive applications. This demand is fueled by advancements in hygiene and health-related products.

Growing Adoption in the Automotive and Construction Sectors: Acrylic fibres are increasingly being used for their insulation properties, particularly in automotive and construction applications, where thermal insulation and durability are crucial.

Advancements in Fibre Production Technology: Innovations in the production process, including developments in spinning techniques and fibre modification, are improving the performance of acrylic fibres, leading to broader applications and better quality products.

Key Takeaways from Acrylic Fibre Market Report:

• In 2018, the global market size stood at USD 4,696.1 million.
• The market expanded at a CAGR of 3.1% from 2018 to 2022.
• In 2022, the global market size stood at USD 5,306.1 million.
• The filament segment captured 58.1% of global market shares in 2022.
• The apparel segment acquired 38.3% of global market shares in 2022.
• India captured 3.8% of global market shares in 2022.
• The United States captured 13.1% of global market shares in 2022.
• China captured 3.2% of global market shares in 2022.
• The United Kingdom captured 4.1% of global market shares in 2022.

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Key Players in the Global Market:

• Aksa Akrilik Kimya Sanayii A.
• Dralom
• Aditya Birla Group
• Jilin Chemical Fiber Company
• TAEKWANG INDUSTRIAL CO. LTD.
• Exlan Japan Co. Ltd.
• Kaneka Corporation
• Indian Acrylics Limited
• Pasupati Acrylon Ltd.
• Vardhman Acrylics Ltd.

Acrylic Fibre Market Segmentation

By Fiber Form:
• Staple
• Filament

By Dyeing Method:
• Acid
• Gel
• Undyed

By Blending:
• Wool
• Cotton
• Others

By End Use:
• Apparels
• Home Furnishing
• Industrial
• Outdoor

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa (MEA)

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