According to the study, “World Acrylic Fibers Market Research Report 2024(Covering USA, Europe, China, Japan, SEA, and India)” the key companies operating in the world acrylic fibers market are AksaAkrilikKimyaSanayii A.S. (Aksa), Mitsubishi Rayon Group, Dralon, Formosa Plastics Corporation, Exlan Japan Co. Ltd, Taekwang Industrial Co. Ltd., GrupoKaltex SA de CV, Tong-Hwa Synthetic Fiber, DOLAN GmbH, Polymer, Toray Industries Inc., YousufDewan Companies, Thai Acrylic Fiber Co. Ltd., Aditya Birla Management Corporation Pvt Ltd., Kaneka Corporation, Pasupati Acrylon Ltd., SDF Group, Jilin Qifeng Chemical Fiber Co. Ltd., MontefibreSpA, Indian Acrylics Ltd., W. Barnet GmbH & Co. KG, Jiangsu Zhongxin Resources Group, Vardhman, Zhejiang Hangzhou Bay Acrylic Fiber, SINOPEC Shanghai Petrochemical Co. Ltd, CNPC.The key players have been working hard to develop innovative products meeting the changing market requirements as well as gaining a larger amount of the market. For instance; the development of eco-fur, anti-pilling fibers, and special fibrillated acrylic fiber are such examples that are developed to address the current market needs.
Based on type, the acrylic fibers market is segmented into modacrylic, acrylic, lastrile, and nytril. Based on the form type, the market is segmented into filament fibers and staple fibers. Based on the processes type, the market is segmented into dry spinning and wet spinning. Filament fibers are continuous fibers that are used to manufacture gloves, stockings, blankets, and wool fabrics. Whereas staple fiber manufactured from the dry spinning process provides a wide array of advantages including dimensional stability and discrete length. These fibers are used in various applications including sweaters, carpets, and socks. Based on the blending type, the market is segmented into cotton, wool, and others (rayon and cellulose). In addition, based on application, the market is segmented into households furnishing blankets, carpet, upholstery), apparel (children wear, sweaters and sportswear), industrial and other applications (outdoor).
The acrylic fibers market is driven by growth in demand from the apparel industry with a change in climatic conditions & demographics, followed by a rise in demand in blending applications and an increase in use in various house-furnishing applications. However, fluctuations in raw materials prices, stringent regulations on the production of acrylic fiber and the rise in the availability of substitutes like polyester may impact the market. Moreover, growth in technological innovations for sustainable & economical production of acrylic fiber is a key trend for the market.
Based on geography, China and India countries hold a major share in the acrylic fibers market owing to the rise in population, change in lifestyle and increase in disposable income in the countries. Europe and the USA are expected to witness lucrative growth due to the rise in demand from domestic & international markets over the forecast period.
Global Acrylic Fibers Market: Application Segment Analysis:-
Global Acrylic Fibers Market: Regional Segment Analysis:-
The players mentioned in our report:-
Mitsubishi Rayon Group
Formosa Plastics Corporation
Tong-Hwa Synthetic Fiber
Aditya Birla Group
Yousuf Dewan Companies
Jilin Qifeng Chemical Fiber
Jiangsu Zhongxin Resources Group
Zhejiang Hangzhou Bay Acrylic Fiber
To Know More, Click On The Link Below:-
Ankur Gupta, Head Marketing & Communications