MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Acrylic Fiber Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Acrylic Fiber Market: 2024-2030
The Global Acrylic Fiber Market size is estimated at around USD 2.65 billion in 2024 & is expected to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30.
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What are the primary factors driving the growth of the Acrylic Fiber market?
Global Acrylic Fiber Market Driver: Flourishing Apparel Industry to Augment Market Growth
The apparel industry across the world is being fueled by various factors, such as fast fashion and fluctuating financial situations. The consumption of clothing in emerging economies has increased rapidly due to a surge in GDP growth, especially observed in developing countries like China and India, which are investing heavily in their markets. Government schemes for textile manufacturing, like production-linked incentives, have been implemented by nations including India, which help boost manufacturing capabilities.
In 2022, Chinese textile companies had an incredible increase in profits of 25.5%, while also breaking records with garment exports valued at USD 315 billion. Thus enhancing its potential market value even further. The global apparel sector shows continued positive incremental growth projections where levels will hit peak values exceeding the USD 2.9 trillion mark, expanding up to rates of around 3-8% annually in the coming years. Therefore, the growing apparel industry leads to a higher demand for acrylic fiber.
Acrylic Fiber Market Segmentation:
The Acrylic Fiber market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Form
-Continuous/Filament(Tow) Fiber
-Non-continuous/Staple Fiber
By Blend
-Acrylic-Wool
-Acrylic-Viscose
-Acrylic-Nylon
-Acrylic-Cotton
-Others (Cellulose, Rayon, etc.)
- The acrylic-wood blend segment dominates the acrylic fiber industry, holding the largest market share.
By End-Use Industry
-Textiles & Apparel
-Furniture & Upholstery
-Industrial
-Building & Construction
-Automotive
-Others
Geographical Analysis into the Acrylic Fiber Market:
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
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Competitive Landscape and Acrylic Fiber Market Share Analysis:
The competitive landscape of the Acrylic Fiber market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Reliance Industries Limited (RIL), Thai Acrylic Fiber Co. Ltd. (TAF), Aditya Birla Management Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AŞ, China Petrochemical Corporation, Dralon, Formosa Plastics Corporation, Goonvean Fibres, Japan Exlan Co. Ltd., Jiangsu Zhongxin Resources Group, Jilin Chemical Fiber Group Co. Ltd., Kaltex, Mitsubishi Chemical Corporation, Pasupati Acrylon Ltd., Polyacryl Iran Corp., and others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Acrylic Fiber Market growth?
- How is the Acrylic Fiber Market expected to grow over the next five years?
- What are the key insights into the current trends in the Acrylic Fiber Market?
- What is the current size of the Acrylic Fiber Market, and how is it projected to change in the future?
- What is the future outlook for the Acrylic Fiber Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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