Acrylic Fiber Market

• Growing apparel industry needs are driving the market growth

The rising apparel industry drives the market CAGR for acrylic fiber. The increased use of acrylic fibers in blended textiles and other fibers like Wool and cotton is likely to drive industry revenue growth. Blending increases the durability, endurance, and absorption of the finished fabric. Mixing Wool with acrylic fibers, for example, increases the flexibility and resilience of the finished product.

-blend Wool is stain-resistant and simple to clean. Acrylic fibers additionally soften and strengthen the yarn. As a result, the rising usage of acrylic fibers in mixed textiles is expected to influence the market's expansion throughout the projected timeframe. The increased integration rate of acrylic fiber in upholsteries for various pieces of furniture is expected to climb as people can purchase furnishings for their home items, hence supporting the Acrylic Fiber Industry.

Additionally, manufacturing capacity expansion is expected to help the worldwide market develop. The improvement in the resilience and craftsmanship of acrylic fibers will give enterprises more chances to target hitherto unexplored markets. Acrylic fibers are commonly utilized as a basic fabric in the furnishings and textile industries. The rising demand for furnishings and textiles is a significant driving force for the acrylic fiber industry. Because of the convenience of browsing items and the accessibility of goods, online shopping for furnishings and textiles is growing.

This was pushed further by the Covid-19 epidemic, when stay-at-home lifestyle and social isolation became normal norms, resulting in a surge in e-commerce sales of furniture and textiles.

As with other sectors in 2020, the COVID-19 pandemic is expected to impact the growth of acrylic fiber manufacturing in multiple-use areas. Limits on movement and interruptions in supply chains are expected to take some time to recover from. In addition, the fear is expected to fade considerably in 2021 with the vaccine's introduction. The Post Covid scenario will ease the market restriction and allow businesses to resume operations, boosting the market further.

For instance, as per the India Brand Equity Foundation, online shopping in India is projected to account for 37% of the retail market by 2030, with furnishings and textiles accounting for 4% of the overall market in 2020. Greater demand for sustainable furnishings and flexible workplaces has increased industry expenditure. Therefore, it is anticipated that demand for Acrylic Fiber will increase throughout the projection period due to the rising apparel industry needs. Thus, driving the Acrylic Fiber market revenue.

2024: Toray Industries introduced ECO-NX, a new acrylic fiber with enhanced environmental sustainability. The fiber is designed to offer improved durability and softness while being produced using eco-friendly processes that reduce carbon footprint.

The Global Acrylic Fiber Market Industry is significantly influenced by the expansion of the apparel sector, which continues to thrive globally. Acrylic fibers are favored for their lightweight, soft texture, and vibrant colors, making them ideal for various clothing applications. The increasing popularity of fashion trends that incorporate synthetic fibers contributes to the market's growth. Additionally, the rise of online retail platforms facilitates access to acrylic fiber products, further boosting demand. As the apparel sector evolves, the market is expected to grow, with projections indicating a value of 6.25 USD Billion by 2035, driven by continuous innovation and consumer preferences.

The Global Acrylic Fiber Market Industry is witnessing significant growth due to the expansion of emerging markets. Countries in Asia-Pacific, Latin America, and Africa are experiencing rapid urbanization and rising disposable incomes, leading to increased demand for acrylic fiber products. As these regions develop, the appetite for textiles and home furnishings rises, creating opportunities for manufacturers to tap into new markets. Additionally, government initiatives aimed at boosting the textile industry further support this growth. The influx of investments in these regions is likely to enhance production capabilities, thereby contributing to the overall market expansion in the coming years.

The Global Acrylic Fiber Market Industry experiences a notable shift towards sustainable textiles, driven by increasing consumer awareness regarding environmental issues. As more manufacturers adopt eco-friendly practices, the demand for acrylic fibers, which can be produced with lower environmental impact, is likely to rise. This trend aligns with the global push for sustainability, as consumers seek products that contribute to a circular economy. The market's growth is further supported by innovations in recycling technologies, which enhance the sustainability of acrylic fibers. Consequently, the market is projected to reach 4.41 USD Billion in 2024, reflecting the growing emphasis on sustainable materials.

The Global Acrylic Fiber Market Industry benefits from the growing applications of acrylic fibers in home furnishings. As consumers increasingly prioritize aesthetics and functionality in their living spaces, acrylic fibers are becoming a popular choice for upholstery, carpets, and curtains. Their resistance to fading and easy maintenance make them particularly appealing for home decor. Furthermore, the trend towards personalized and customizable home furnishings drives demand for acrylic fibers, as manufacturers seek to offer diverse options to consumers. This trend is expected to sustain market growth, contributing to the overall value of the industry as it adapts to changing consumer preferences.

Technological advancements play a pivotal role in shaping the Global Acrylic Fiber Market Industry. Innovations in fiber production techniques enhance the quality and performance of acrylic fibers, making them more appealing to manufacturers and consumers alike. For instance, advancements in spinning technologies improve the durability and elasticity of acrylic fibers, allowing them to compete effectively with natural fibers. These improvements not only increase production efficiency but also reduce costs, thereby attracting more players to the market. As a result, the market is poised for steady growth, with a projected CAGR of 3.22% from 2025 to 2035, reflecting the impact of technology on production processes.

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Acrylic Fiber market accounts for the second-highest market share due to the huge textile sector and the widespread adoption of contemporary household furnishings, which provides market opportunities for acrylic fiber in the North American region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe region’s Acrylic Fiber market is expected to grow and expand rapidly during the projected timeframe due to increasing demand from different industrial uses such as home furnishings, garments, and other manufacturing processes is likely to fuel market expansion further. Further, the German Acrylic Fiber market holds the largest market share, and the UK Acrylic Fiber market is anticipated to grow and expand steadily in the European region during the projected timeframe.

The Asia-Pacific Acrylic Fiber Market will dominate this market during the projected timeframe. This is due to the spike in urban families, innovative applications of these fibers, and the expanded retailing of clothes due to the rapid growth of the internet-based fashion sector. Moreover, China’s Acrylic Fiber market dominates the market share, and the Indian Acrylic Fiber market is expected to expand significantly in the Asia-Pacific region during the projected timeframe.

Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the Acrylic Fiber market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The Acrylic Fiber industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Acrylic Fiber industry to benefit customers and capture untapped market share and revenue. The Acrylic Fiber industry has recently offered significant advantages to the apparel and furnishing industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially.

Major players in the Acrylic Fiber market, including Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), JILIN QIFENG CHEMICAL FIBER CO.LTD, Thai Acrylic Fiber Co.Ltd.Kaltex, Indian Acrylics Limited, Pasupati Acrylon Limited, SINOPEC, Formosa Plastic Group, and Polymir, are attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.

Thai Acrylic Fiber Co. Limited, an Aditya Birla Group's subsidiary, is one of the world's top five manufacturers of high-quality acrylic fiber. It constitutes one of the world's major acrylic fiber businesses. It was founded in 1987 and manufactures a wide variety of acrylics and specialty acrylic fibers for applications in end-use. Thai Acrylic Fiber Company became Bluesign's network provider in January 2021. In 2020, TAF underwent an extensive screening procedure by Bluesign, which included input stream administration, management of the environment, occupational health and safety, product oversight, and legal and ethical compliance.

Lydall, Inc. is a maker of designed specific goods for the thermal/acoustical & filtration/separation sectors. It creates and produces synthetic substances for a wide range of uses. The organization develops and manufactures engineered specialty papers, automobile thermal protection, acoustical obstructions, and healthcare filtration and biological processing elements. The fabricated products of the organization are marketed to original equipment manufacturers (OEM). Despite the COVID-19 epidemic, Lydall, a worldwide performance material firm that holds the old Interfaces Systems and Armstrong site in Volney, had a successful year in 2020, and the facility hoped to sustain that success in 2021.