Global Acrylic Fibers Market : Projected to Witness Vigorous Expansion by 2027

Industry Insights

Global Acrylic Fibers Market: Overview

Acrylic fibers are polymers formed by addition of polymerization of acrylonitrile. They offer resistance to ultraviolet degradation, microbiological attack, weak alkalis, and laundry bleach. These fibers also offer good thermal stability. Acrylic fibers provide high stability toward bleaching agents. They also possess low specific mass & elasticity, which makes them an ideal choice for production of textiles. Acrylic fibers are extensively employed in the production of apparel owing to the characteristics mentioned above.

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Rise in per capita income and decrease in cost of apparels are anticipated to drive the acrylic fibers market across the globe. Additionally, rise in fashion trends in the apparel industry and penetration of e-commerce in boosting the sales of clothes are anticipated to fuel the apparel industry in the near future. This, in turn, is projected to drive the demand for acrylic fibers. However, fluctuation in prices of acrylonitrile, which is used as raw material in the manufacture of acrylic fibers, is likely to hamper the acrylic fibers market in the near future. Presence of substitutes such as polyester fibers is also projected to hinder the acrylic fibers market during the forecast period. Additionally, the U.S. Environmental Protection Agency has regulated the usage of acrylic fibers due to the potential health hazards such as inhalation of polyacrylonitrile can lead to cyanide poisoning.

Global Acrylic Fibers Market: Key Segments

Based on method of production, the global acrylic fibers market can be segmented into dry spun, wet spun, spun-dyed, shining, matt and flame retardant, and others (including industrial grade fibers). In dry spinning of acrylic fibers, dimethylformamide is used as a thermal stabilizer. In wet spinning, sodium thiocyanate is commonly used as solvent. In wet spinning, the investment cost is less compared to that in dry spinning. In dry spinning, volatile organic solvents are used for production. Under wet spinning, organic and inorganic solvents can be used in the production of acrylic fibers.

Based on end-use, the global acrylic fibers market can be divided into apparel, household, and industrial. The apparel segment is anticipated to be the dominant end-user of the global acrylic fibers market in the near future. In outdoor application, acrylic fibers is used in the manufacture of car tops, boat covers, awnings, and outdoor furniture. These fibers are also used in the manufacture of filtration materials and reinforcement materials for construction applications.

Global Acrylic Fibers Market: Regional Analysis

In terms of region, the global acrylic fibers market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is estimated to constitute major share of the global market during the forecast period. The acrylic fibers market in Asia Pacific is estimated to expand at a rapid pace due to the rise in per capita income across the region. Decrease in prices of apparel and rise in standard of living of the people are also projected to boost the demand for apparel across the region. This, in turn, is expected to fuel the acrylic fibers market in Asia Pacific. Manufacturers in Europe and North America are primarily engaged in developing advanced technologies for manufacturing acrylic fibers.

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Global Acrylic Fibers Market: Key Players

Prominent players operating in the global acrylic fibers market include Bayer AG, TORAY INDUSTRIES, INC., Indian Acrylics Limited., DowAksa, LLC, Radici Partecipazioni SpA, Sudamericana de Fibras SA, and Sterling Fiberss Inc. The global acrylic fibers market is dominated by large numbers of players. It is fragmented in nature.

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