The global staple acrylic fibre market size reached USD 2,878.3 million in 2021 and it is likely to touch a valuation of USD 2,964.4 Million by 2022. Furthermore, overall sales of staple acrylic fibers are expected to rise at 3.6% CAGR between 2022 and 2032, totaling a valuation of USD 4,230.9 Million by 2032.
Growing demand for sportswear, apparel, upholstery, and other products is driving the demand for staple acrylic fibers as these fibers have similar textures to any other natural fibers & are less expensive.
In recent years, staple acrylic fibers have become ideal cost-effective alternatives to wool. These fibers are characterized by having properties similar to wool. They can also be made to resemble other fabrics such as cotton, depending on the spinning mechanism employed.
Staple acrylic fibers possess various useful properties such as durability and wear resistance, resistance to sunlight, chemicals, and biological agents, and excellent flexibility. As a result, they are being extensively used for making a wide range of textiles and clothing.
Significant demand for staple acrylic fibre for various end uses such as textiles & apparel, upholstery, automotive, building & construction & others will continue to drive the global market swiftly during the forecast period.
Staple acrylic fibers are used to make artificial fur, craft yarns, automobile covers, carpets, and upholstery fabric. Hence, increasing usage of these products will eventually boost the global staple acrylic fibre market.
Similarly, the growing popularity of various acrylic fibre blends across various industries is expected to aid in the expansion of the global market. The recent identification of the beneficial usage of staple acrylic fibre in blends with other materials has generated tremendous demand. They can accept multi-color dyes in clear, dazzling, and subdued tones and staple acrylic fibers have good aesthetic features. Unlike nylon and polyester, they give materials a more natural appearance.
Furthermore, staple acrylic fibers are extremely resistant to microbial attack, mild alkalis, and UV damage. Due to its favorable chemical, physical, and thermo-biological qualities, acrylic fibers are increasingly being used in blends with other materials such as wool, cotton, and polyester.
| Attributes | Key Insights |
|---|---|
| Staple Acrylic Fibre Market Base Value (2021A) | USD 2,878.3 Million |
| Estimated Market Value (2022E) | USD 2,964.4 Million |
| Projected Market Value (2032F) | USD 4,230.9 Million |
| Value-based CAGR (2022 to 2032) | 3.6% |
| Collective Value Share: Top 3 Countries (2022E) | 45.3% |
The staple acrylic fibre market witnessed a CAGR of 0.5% during the historical period of 2017 to 2021. However, with burgeoning demand for staple acrylic fibre from various industries, FMI predicts the global market to exhibit a CAGR of 3.6% between 2022 and 2032.
Staple acrylic fibers have become ideal materials for making a wide range of clothing including sweaters, underwear, sportswear, socks, etc. on account of their high durability, wear resistance, and excellent flexibility.
The rapid growth of industries like textiles & apparel, furniture upholstery, automotive, and others will therefore continue to boost the global staple acrylic fiber market during the forecast period.
Similarly, the development of new staple acrylic blends by using novel technologies is expected to aid in the expansion of the global market over the next ten years.
Widening Application Area of Emerging Acrylic Fibre Creating Lucrative Prospects for the Market
Acrylic fibre can be used as a predecessor in the manufacturing of different fibers, such as carbon fibers. This application of acrylic fibers is growing rapidly, but consumption of acrylic fibre for the manufacturing of carbon fibers is low, which will have an impact on the market in the near future. The top market players are investing heavily in research and development to embrace technology that will benefit the acrylic fibre market.
Recent developments in acrylic fibre include flame-retardant acrylic fibre, weather-resistance acrylic fibre, anti-microbial acrylic fibre, etc. They are used in manufacturing industries, hospitals, etc. This widening application area of acrylic fibre is expected to drive the global market forward during the projection period.
Furthermore, demand for staple acrylic fibre will rise as a result of advancements in processing and technologies that enable the production of acrylic fibre from entirely new sources.
Fluctuation in Raw Material Prices and Rising Environmental Concerns to Limit Market Expansion
Fluctuation in the prices of raw materials like acrylonitrile which is used in the manufacturing of acrylic fibers is a key factor restraining the growth of the global market.
The oil and gas industry is a major source of propylene for acrylonitrile manufacturers. Variations in the price of crude oil will raise the price of petroleum fraction products, which will raise the price of making acrylonitrile. As a result, it is anticipated that the market's high acrylonitrile dependence will impede the expansion of sales.
Similarly, growing environmental concerns is another factor that is limiting the expansion of the staple acrylic fibre market. The environmental impact of acrylic fabric is negative. Further, the industrial methods used to create acrylic fabric are extremely volatile, and the factories that make this fibre are always in danger of blowing up if the required safety precautions aren't taken.
During the making of acrylic fabric, several harmful compounds are employed, and if these substances are not managed or disposed of properly, they invade nearby ecosystems and endanger nearby species and people.
Booming Textiles Industry Driving Demand in India
The staple acrylic fibre market in India is expected to reach a valuation of USD 315.8 Million by the end of 2032. This can be attributed to the rapid expansion of the textile industry, favorable government support, and easy availability of raw materials.
The Indian textile industry is one of the country's oldest, stretching back several centuries. The primary basis of India's textile industry is its strong manufacturing base of a diverse variety of bras ranging from natural fibers such as jute, cotton, silk, and wool to man-made fibers such as acrylic, viscose, polyester, viscose, and nylon. India has a 4% share of the global trade in textiles and apparel according to IBEF.
India is one of the major producers of staple acrylic fibre in the global market. The country is home to several key market players which hold a significant share in the global staple fibre market, such as Vardhman, Pasupati, and Indian Acrylics. The economic development, FDI investments, favorable manufacturing conditions, and availability of raw materials & natural fibers for blending are some of the key factors that are expected to propel the growth of the Indian staple acrylic fibre market.
According to the World Trade Organization, India has the world's third-largest textile manufacturing industry, accounting for more than 6% of total textile production. The textile & apparel segment is the major consumer of staple acrylic fibre, which will get benefitted from the growing textile industry.
Rise in Export of Textiles and Clothing Boosting Sales in China
As per FMI, the overall staple acrylic fibre market in China is expected to expand at a steady CAGR of 3.7% during the forecast period (2022 to 2032). Growth in the market is driven by increasing export of textiles and apparel, adoption of advanced manufacturing technologies, and reduced material prices.
China is the world's largest producer and exporter of both raw textiles and finished clothing. Despite shipping fewer clothes and more textiles to the world as a result of the coronavirus pandemic, China maintains its position as the world's leading manufacturer and exporter.
China is and has been, a country on the cutting edge of research for decades. This allows them to develop novel synthetic fibers that aid in the production of textiles. In fact, it is the world's largest producer of acrylic fabric. The country manufactures more than 30% of the world's acrylic fabric and garments and has the largest acrylic clothing market.
The favorable manufacturing conditions, government initiatives, presence of market players & advanced technologies are key crucial factors expected to boost the China staple acrylic fibre market during the next ten years.
Acrylic-Wool Remains the Most Sought-After Blend in the Market
As per FMI, the acrylic-wool segment is anticipated to grow at a CAGR of 4.1% during the forecast period, making it one of the leading segments in terms of the blend. This can be attributed to the rising usage of an acrylic-wool blend across various industries.
Wool has been utilized for clothing since the classical era and has exceptional qualities like warmth, moisture absorption, and wrinkle resistance. Wool's capacity to gradually heal from deformation is a key characteristic. The production of clothing such as sweaters, boots & boot linings, hoodies, hats, gloves, athletic wear, carpeting, blankets, roller brushes, upholstery, area rugs, protective garments, wigs, and hair extensions has come to rely on 100% wool-based fabrics.
Wool and acrylic blends, which are quite popular, are made primarily from the acrylic fibre. Circular knit products are made with these mixes of 45% acrylic and 55% wool fibre. Sportswear with qualities including ease of care, durability, appearance retention, color style, and palatability is made mostly from this combination. Popular blends of acrylic wool that are affordable, appealing, and simple to handle including the 50/50 and 70/30 varieties.
Textile & Apparel Segment to Generate Maximum Revenues Through 2032
Based on end use, the textile & apparel segment is anticipated to reach around USD 2,475.2 Million by the end of 2032. This can be attributed to the rising usage of staple acrylic for making various textiles and apparel products including knitwear, fur items, and sportswear.
Staple acrylic fibers are used to produce garments with a natural appearance due to their capacity to accept multi-color dyes in transparent, vibrant, and subdued tones. Additionally, they exhibit outstanding resistance to the effects of UV deterioration, microbiological attack, and weak alkalis. The demand for staple acrylic fibers from the textile sector is anticipated to increase due to the various qualities that staple acrylic fibre offers.
Acrylic fibers have properties that are most similar to wool fibers. They are soft and light fibers that feel light and warm against the human skin. Acrylic fibers are commonly utilized in knitted products such as sweatshirts, sweaters, and jerseys, bedding fabrics such as blankets and Pile sheets, and home carpets. Although acrylic is very close to wool in its natural condition, depending on the spinning mechanism employed, it can be modified to look like other fabrics, such as cotton.
Increasing apparel demand from the fashion industry, combined with the expansion of e-commerce platforms, is likely to drive market growth throughout the forecast period. The industry is based on three basic principles: creating, manufacturing, and distributing various flexible materials such as yarn and garments. Furthermore, increased consumer demand for wrinkle suiting and shirting materials, as well as quality-dyed and printed fabrics, will push category expansion even further.
Staple acrylic fibre is an oligopolistic market with a small number of players holding a majority of shares in the market. Key market participants are strategically focusing on the expansion of their production capacities to cater for the remarkable growth in demand for the product over recent years. They are also investing a fair share of their revenue in research and development (Research and Development) and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.
For instance:
In recent years, thriving textile and apparel industries worldwide have tempted various companies to enter into the staple acrylic fibre business. As a result, there has been a significant rise in the number of new start-ups, especially across emerging countries like India and China during the last few decades. One such start-up is Cedaar Textile.
Headquartered in Ludhiana India, Ceedar Textile has become a leading textile manufacturing company in India. The company was founded in 1995 and offers a wide range of Melange yarns, polyester, acrylic, viscose, Tencel, and several other products. The company is focused towards offering sustainable products and uses innovative manufacturing technologies to reduce environmental impact and comply with government regulations.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 2,964.4 Million |
| Projected Market Size (2032) | USD 4,230.9 Million |
| Anticipated Growth Rate (2022 to 2032) | 3.6% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and KT for Volume |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, and South Africa |
| Key Segments Covered | Dyeing Method, Blend, End Use, and Region |
| Key Companies Profiled | Aksa Akrilik Kimya Sanayii AS; Thai Acrylic Fibre Co. Ltd (TAF); Jilin Chemical Fiber Co., Ltd.; Taekwang Industry Co. Ltd.; Indian Acrylics Ltd.; CHEMTEX GLOBAL CORPORATION; Vardhman Acrylics Ltd; Pasupati Acrylon Ltd; Japan Exlan Co. Ltd; Kaneka Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 01: Global Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 02: Global Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 03: Global Market Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 04: Global Market Volume (KT) Forecast By End Use, 2017 to 2032
Table 05: Global Market Size Volume (KT) and Value (US$ Million) Forecast By Region, 2017 to 2032
Table 06: North America Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 07: North America Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 08: North America Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 09: North America Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 10: North America Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Table 11: Latin America Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 12: Latin America Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 13: Latin America Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 14: Latin America Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 15: Latin America Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Table 16: Europe Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 17: Europe Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 18: Europe Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 19: Europe Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 20: Europe Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Table 21: East Asia Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 22: East Asia Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 23: East Asia Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 24: East Asia Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 25: East Asia Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Table 26: South Asia Pacific Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 27: South Asia Pacific Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 28: South Asia Pacific Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 29: South Asia Pacific Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 30: South Asia Pacific Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Table 31: MEA Market Size Volume (KT) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 32: MEA Market Size Volume (KT) and Value (US$ Million) Forecast By Dyeing Method, 2017 to 2032
Table 33: MEA Market Size Volume (KT) and Value (US$ Million) Forecast By Blend, 2017 to 2032
Table 34: MEA Market Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 35: MEA Market Size Volume (KT) Forecast By End Use, 2017 to 2032
Figure 01: Global Market Historical Volume (KT), 2017 to 2021
Figure 02: Global Market Current and Forecast Volume (KT), 2022 to 2032
Figure 03: Global Market Historical Value (US$ Million), 2017 to 2021
Figure 04: Global Market Current and Forecast Value (US$ Million), 2022 to 2032
Figure 05: Global Market Incremental $ Opportunity (US$ Million), 2022 to 2032
Figure 06: Global Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 07: Global Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 08: Global Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 09: Global Market Absolute $ Opportunity by Dyed Segment, 2017 to 2032
Figure 10: Global Market Absolute $ Opportunity by Undyed Segment, 2017 to 2032
Figure 11: Global Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 12: Global Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 14: Global Market Absolute $ Opportunity by Acrylic-Wool Segment, 2017 to 2032
Figure 15: Global Market Absolute $ Opportunity by Acrylic-Viscose Segment, 2017 to 2032
Figure 16: Global Market Absolute $ Opportunity by Acrylic-Nylon Segment, 2017 to 2032
Figure 17: Global Market Absolute $ Opportunity by Acrylic-Cotton Segment, 2017 to 2032
Figure 18: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 19: Global Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 20: Global Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 21: Global Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 22: Global Market Absolute $ Opportunity by Textiles & Apparel Segment, 2017 to 2032
Figure 23: Global Market Absolute $ Opportunity by Furniture Upholstery Segment, 2017 to 2032
Figure 24: Global Market Absolute $ Opportunity by Industrial Filtration Materials Segment, 2017 to 2032
Figure 25: Global Market Absolute $ Opportunity by Building & Construction Segment, 2017 to 2032
Figure 26: Global Market Absolute $ Opportunity by Automotive Segment, 2017 to 2032
Figure 27: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 28: Global Market Share and BPS Analysis By Region– 2022 to 2032
Figure 29: Global Market Y-o-Y Growth Projections By Region, 2022 to 2032
Figure 30: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure 31: Global Market Absolute $ Opportunity by North America Segment, 2017 to 2032
Figure 32: Global Market Absolute $ Opportunity by Latin America Segment, 2017 to 2032
Figure 33: Global Market Absolute $ Opportunity by Europe Segment, 2017 to 2032
Figure 34: Global Market Absolute $ Opportunity by East Asia Segment, 2017 to 2032
Figure 35: Global Market Absolute $ Opportunity by South Asia Pacific Segment, 2017 to 2032
Figure 36: Global Market Absolute $ Opportunity by Segment, 2017 to 2032
Figure 37: North America Market Share and BPS Analysis By Country– 2022 to 2032
Figure 38: North America Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 39: North America Market Attractiveness Projections By Country, 2022 to 2032
Figure 40: North America Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 41: North America Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 42: North America Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 43: North America Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 44: North America Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 45: North America Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 46: North America Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 47: North America Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 48: North America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 49: Latin America Market Share and BPS Analysis By Country– 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth Projections By Country, 2020 - 2031
Figure 51: Latin America Market Attractiveness Projections By Country, 2020 - 2031
Figure 52: Latin America Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 54: Latin America Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 55: Latin America Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 57: Latin America Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 58: Latin America Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 59: Latin America Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 60: Latin America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 61: Europe Market Share and BPS Analysis By Country– 2022 to 2032
Figure 62: Europe Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 63: Europe Market Attractiveness Projections By Country, 2022 to 2032
Figure 64: Europe Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 66: Europe Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 67: Europe Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 68: Europe Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 69: Europe Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 70: Europe Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 71: Europe Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 72: Europe Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 73: East Asia Market Share and BPS Analysis By Country– 2022 to 2032
Figure 74: East Asia Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 75: East Asia Market Attractiveness Projections By Country, 2022 to 2032
Figure 76: East Asia Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 77: East Asia Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 78: East Asia Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 79: East Asia Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 80: East Asia Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 81: East Asia Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 82: East Asia Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 83: East Asia Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 84: East Asia Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 85: South Asia Pacific Market Share and BPS Analysis By Country– 2022 to 2032
Figure 86: South Asia Pacific Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 87: South Asia Pacific Market Attractiveness Projections By Country, 2022 to 2032
Figure 88: South Asia Pacific Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 89: South Asia Pacific Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 90: South Asia Pacific Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 91: South Asia Pacific Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 92: South Asia Pacific Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 93: South Asia Pacific Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 94: South Asia Pacific Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 95: South Asia Pacific Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 96: South Asia Pacific Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 97: MEA Market Share and BPS Analysis By Country– 2022 to 2032
Figure 98: MEA Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 99: MEA Market Attractiveness Projections By Country, 2022 to 2032
Figure 100: MEA Market Share and BPS Analysis By Dyeing Method– 2022 to 2032
Figure 101: MEA Market Y-o-Y Growth Projections By Dyeing Method, 2022 to 2032
Figure 102: MEA Market Attractiveness Analysis By Dyeing Method, 2022 to 2032
Figure 103: MEA Market Share and BPS Analysis By Blend– 2022 to 2032
Figure 104: MEA Market Y-o-Y Growth Projections By Blend, 2022 to 2032
Figure 105: MEA Market Attractiveness Analysis By Blend, 2022 to 2032
Figure 106: MEA Market Share and BPS Analysis By End Use– 2022 to 2032
Figure 107: MEA Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 108: MEA Market Attractiveness Analysis By End Use, 2022 to 2032
The global market for staple acrylic fibre is estimated to reach a valuation of USD 2,964.4 Million in 2022.
Demand for staple acrylic fibre is anticipated to grow at 3.6% CAGR over the forecast period of 2022 to 2032 in terms of value.
The worldwide staple acrylic fibre market is projected to reach a valuation of USD 4,230.9 Million in 2032.
According to FMI analysis, Aksa Akrilik Kimya Sanayii AS, Thai Acrylic Fibre Co. Ltd (TAF), Jilin Chemical Fiber Co., Ltd., Taekwang Industry Co. Ltd., Indian Acrylics Ltd., CHEMTEX GLOBAL CORPORATION, Vardhman Acrylics Ltd, Pasupati Acrylon Ltd., Japan Exlan Co. Ltd., Kaneka Corporation and others are identified as the key manufacturers in the market.
Key players in the global staple acrylic fibre market are expected to account for about 50-55% of the overall market share.
The top countries driving the global staple acrylic fibre demand are China, the US, Japan, and India.
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Staple Acrylic Fibre Market
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