Acrylic Fibre Market

Acrylic Fibre Market: APEJ Expected to be the Most Lucrative Regional Market: Global Industry Analysis and Opportunity Assessment, 2016–2026

Acrylic fibre, commonly used for manufacturing apparels, outdoor furniture, boat covers, awnings, carpets etc., is a synthetic fibre manufactured in various forms including acrylic staple, tow, and filament. Major demand for acrylic fibre is expected to come from Asia Pacific, Middle East & Africa, and Latin America over the forecast period and the global acrylic fibre market is projected to reach a market value of US$ 6,197.82 Mn by 2026 end, registering a CAGR of 3.6% over the forecast period.

Use of acrylic fibres blended with other materials is gaining popularity

Use of acrylic fibre is growing as it is used by blending with other materials for imparting enhanced characteristics to end products. Also, weak supply of its competitor products such as wool and cotton are some of the factors impacting the global acrylic fibre market positively. These factors are expected to influence and upsurge the demand for acrylic fibre over the forecast period. However, growing prominence of acrylic fibre alternatives and limited demand for acrylic fibre in developed economies are expected to remain significant challenges for the growth of the global acrylic fibre market throughout the forecast period.

Market Segmentation

By Fibre Form

By Dyeing Method

By Blending

By End Use

By Region

  • Staple

  • Filament

  • Acid

  • Gel

  • Undyed

  • Wool

  • Cotton

  • Others

  • Apparels

  • Home Furnishing

  • Industrial

  • Outdoor

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • Middle East and Africa (MEA)

The gel dying segment is estimated to exhibit a CAGR of 3.8% over the forecast period

The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period, creating total incremental opportunity of US$ 1,100.85 Mn between 2016 and 2026.

The staple fibre segment is likely to possess more than 60% share in the total incremental opportunity created between 2016 and 2026

The staple fibre segment is expected to hold a disproportionately large share in the global acrylic fibre market throughout the forecast period, accounting for more than 60% share in the total incremental opportunity created between 2016 and 2026.

Cotton blending segment is expected to exhibit a CAGR of 3.7% over the forecast period

The cotton blending segment is anticipated to register a CAGR of 3.7% over the forecast period. When used in blend with other materials, acrylic fibre enhances the physical and chemical characteristics of the end product; therefore, acrylic fibre increasingly finds use in blend applications.

Apparels end-use segment is estimated to create a significant incremental opportunity between 2016 and 2026

The apparels end-use segment is projected to register a CAGR of 3.6% over the forecast period, creating significant incremental opportunity between 2016 and 2026.

Lucrative opportunities for the global acrylic fibre market lie in the APEJ region

In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of 4.4% over the forecast period, while markets in Japan, U.S., and Europe are expected to register a below average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to a growing use of acrylic fibre for various applications along with macroeconomic growth of the population driven textile industry in the region.

global acrylic fibre market

Leading market players are focussing on adopting environment friendly production processes

Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.?. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd. There are various stringent environmental regulations worldwide on the production of acrylic fibre and hence producers are directing their efforts to ensure compliance by adopting an environment friendly production process.  

The report “Acrylic Fibre Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers a 10-year forecast for the global acrylic fibre market between 2016 and 2026. This report provides market dynamics, trends, and regulations on all seven regions namely, Asia Pacific Excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa, and Japan, which influence the current nature and future status of the global acrylic fibre market over the forecast period.

Report description

This Future Market Insights report examines the global acrylic fibre market for the period 2016–2026 in terms of value and volume. The primary objective of the report is to offer updates on developments in the global acrylic fibre market and conduct a quantitative as well as qualitative assessment of the market across various market segments, based on dyeing method, fibre form, blending, and regions.

On the basis of dyeing method, the global acrylic fibre market is segmented as follows:

  • Acid
  • Gel
  • Undyed

On the basis of fibre form, the global acrylic fibre market is segmented as follows:

  • Staple
  • Filament

On the basis of blending, the global acrylic fibre market is segmented as follows:

  • Wool
  • Cotton
  • Others

On the basis of end-use, the global acrylic fibre market is segmented as follows:

  • Apparels
  • Home Furnishing
  • Industrial
  • Outdoor

To understand and assess market opportunities and trends, the report is categorically split into sections such as market overview, global industry analysis, and analysis by dyeing method, by fibre form, by blending, by end-use and by region. Each section discusses the qualitative and quantitative aspects of the global acrylic fibre market. To give a brief idea about revenue opportunities from various dyeing methods, fibre form, blending, end-use and region, the report also provides absolute $ opportunity and total incremental opportunity for each segment over the forecast period.

The report starts with a market overview and provides market definition and analysis about drivers, restraints, opportunities, and key regulations in the global acrylic fibre market. The sections that follow include global market analysis, by dyeing method, by fibre form, by blending, by end-use and further by regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market, covering present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and the forecast made for 2017–2026.

In the final section of the report, a competitive landscape has been included to provide a dashboard view of key companies operating in the global acrylic fibre market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global acrylic fibre market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global acrylic fibre market.

Research methodology

To calculate market size, the report considers weighted average price of acrylic fibre, based on various end uses on a regional basis. The forecast assesses total revenue as well as volume (KT) of the global acrylic fibre market. The data is triangulated on the basis of different analytical models considering factors from supply side, demand side, and dynamics of regional markets. However, quantifying the market across regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players operating in the global acrylic fibre market. Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global acrylic fibre market. To understand the growth and performance of key segments in the global acrylic fibre market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global acrylic fibre market.