Acrylic Fibers Market: Revenue and growth prediction

Posted 2023-04-20 05:43:05

Stratview Research publishes a new report titled Acrylic Fibers Market which is segmented by Form Type (Staple Fiber and Filament Fiber), by Blending Type (Wool, Cotton, Cellulose, and Others), by End-Use Industry Type (Apparel, Household Furnishings, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The acrylic fibers market is likely to grow at a modest CAGR of >1% over the next five years. Acrylic fibers are lightweight and have softness and warmth. They also offer excellent resistance to ultraviolet degradation, microbiological attack, weak alkalis, and laundry beach. Over the past some years, acrylic fibers have been facing tough competition from low-cost fibers including polyester fibers. Polyester fiber has a lower cost, excellent raw material availability, and recyclability. The global export of acrylic fibers has significantly declined in the recent years and this situation seems to prevail in the foreseeable future. The higher cost of acrylic fiber is the biggest constraint of the market. The cost of acrylic fiber is highly dependent on acrylonitrile (ACN) cost. The volatility of ACN prices makes a huge impact on the demand for acrylic fibers. Despite the recent decline in ACN prices, the prices of acrylic fibers are still higher than the polyester fibers. However, the increasing demand from the apparel industry and the growing application of acrylic fibers in household furnishings sustain the present global acrylic fibers market.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

- Market Overview

- Key Manufacturers Profiles

- Market Analysis by Region

- Market Segment by Type

- Market Segment by Application

- Raw Material and Supply Chain

- Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the Acrylic Fibers Market:

· Aksa Akrilik Kimya Sanayii A.S.

· Dralon

· Kaltex

· Pasupati Acrylon Limited

· Formosa Plastics Group

· JILIN QIFENG CHEMICAL FIBER CO.LTD.

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Customization of the report –

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