Global Acrylic Fibre Market- Industry Analysis and Forecast (2020-2027) – By Form, Blending, Application, and Region.
Global Acrylic Fibre Market was valued US$ Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 1.10 % during a forecast period.
Global Acrylic Fibre Market was valued US$ Bn in 2019 and is expected to reach US$ Bn by 2027, at a CAGR of 1.10 % during a forecast period. The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers, and market disrupters in the report, and the same is reflected in our analysis. Acrylic fibres are the third largest class of synthetic fibre after polyester and nylons. Acrylic fibres are soft, lightweight, durable strong, high crease recovery, colorfastness to both washing & sunlight. Acrylic fibers are synthetic fibers, which are made from a polymer (polyacrylonitrile) with an average molecular weight of ~100,000, about 1900 monomer units. An increase in demand from the apparel industry and application of acrylic fibers in household furnishings are expected to drive the market growth during the forecast period. Furthermore, In the current market scenario, the key players operating in the acrylic fibres market have facing tough competition from low-cost fibers like polyester fibers. Polyester fiber has a lower cost, excellent raw material availability, and recyclability. The presence of the substitute is expected to limit the export of acrylic fibers. Homopolymer acrylic fibers are used to manufacture dust filter bags for various industrial applications in waste incineration plants, cement mills, and coal-operated power generation plants. The dust filter bags have superior permeability, high porosity, and anti-chemical property. Acrylic fibers are ideally used in the production of car batteries and brake linings in the automotive industry because of its properties like the production of car batteries and brake linings in the automotive industry. An increase in the use of acrylic fibers in various niche applications is expected to boost market growth. Staple Acrylic Fibers are expected to contribute XX% share in the global acrylic fibre market. The short-staple length delivers a soft and warm texture, which is similar to cashmere and wool and. Staple acrylic fiber has an extensive range of applications in apparel, home textiles, and industrial purposes. The demand for staple acrylic fiber is high in various industries because of its multiple applications that are expected to drive the market growth. The segment is contributing more than a 60% share in the total acrylic fibre market. Wool segment is expected to grow at a XX% share in the global acrylic fibre market. Wool has outstanding properties like resistance to wrinkles, moisture absorption, and warmth. Wool can recover from deformation, over time. Additionally, the fiber takes up and diffuses moisture, which gives woolen clothes a comfortable feel. Wool fiber has become a standard in making apparel, like casual slacks and trousers, and sweaters and other knitted outerwear. Great improvements in terms of wash ability, resistance to shrinkage, and mothproofing of wool are increasing the demand for Wool. The Asia Pacific region is expected to contribute XX% share in the global acrylic fibre market. The region holds more than 60% of the total capacity of acrylic fibers, mainly in China. China currently accounting more than 43% of the total acrylic fibers market and is projected to remain the maximum market share in the region during the forecast period. India is expected to contribute XX% share in the acrylic fibers market because of the growth in the population, disposable income, and a shift in consumer lifestyle. On the other hand, ASF production and demand are shrinking simultaneously in India because of the higher cost of production and low-profit margin. Some of the key players are increasing their staple fibers production capacity to capture a large chunk of the demand for acrylic fibre. Several Chinese key players are focusing to develop advanced products meeting the changing market requirements and gaining a larger chunk of the market. An introduction eco-fur, special fibrillated acrylic fiber, and anti-pilling fibers are addressing some of the existing market requirements. The objective of the report is to present a comprehensive analysis of the Global Acrylic Fibre Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Acrylic Fibre Market dynamics, structure by analyzing the market segments and projects the Global Acrylic Fibre Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Acrylic Fibre Market make the report investor’s guide.