The global market for staple acrylic fibre is projected to experience steady growth, with sales expected to rise at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2032. This growth trajectory will see the market reaching a total valuation of USD 4,230.9 million by 2032. The increasing demand for staple acrylic fibers, driven by their versatile applications in textiles, home furnishings, and industrial products, is expected to contribute significantly to this upward trend. Additionally, the growing adoption of these fibers for their durability, softness, and ease of maintenance positions them as a preferred choice across various sectors, further bolstering market growth over the forecast period.
Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.
The market has been predominantly influenced by certain macro-economic and industrial factors including demographic dividend, textile industry growth, economic growth, per capita disposable income, etc.
In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.
Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool dominated homeware product categories. Demand for staple acrylic fibers from the sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fibre offers.
China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.
Key Takeaways:
- The global staple acrylic fibre market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
- By blend, acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
- By end use, textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
- China’s staple acrylic fibre market is expected to reach about USD 1,106.0 Million by end of 2032.
- The staple acrylic fibre market in India is expected to reach USD 315.8 Million by end of 2032.
Competitive Landscape
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 Staple Acrylic Fibre market.
Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.
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Staple Acrylic Fibre Market Segmentation
By Dyeing Method:
- Dyed
- Acid
- Gel
- Undyed
By Blend:
- Acrylic-Wool
- Acrylic-Viscose
- Acrylic-Nylon
- Acrylic-Cotton
- Others
By End Use:
- Textiles & Apparel
- Furniture Upholstery
- Industrial Filtration Material
- Building & Construction
- Automotive
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