Acrylic Fiber Market Top Companies, Trends and Growth Factors Details for Business Development 2023

Acrylic Fibres Market- Competitive Landscape

The Global Acrylic Fibre Market is consolidated in nature as it is dominated by few established industry participants including. The players dominated global market are Aksa Akrilik Kimya Sanayii A.?. (Aksa), Dralon, Aditya Birla Group, Exlan Japan Co. Ltd., Taekwang Industry Co, Ltd., Indian Acrylics Limited and Pasupati Acrylon Limited which holds substantial global share. This market is heading towards growth stabilization and offers moderate degree of competition served by industry players.

Acrylic Fibre Market – Segments

For the convenience of the report and enhanced understanding; The Acrylic Fibre Market is segmented in to 2 key segments.

Segmentation by Form: Comprises Stable Acrylic Fibre and Filament Acrylic Fibre.

Segmentation by End User: Comprises Apparel Household Furnishing, Industrial, and Others.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Acrylic Fibre Market – Market Overview

Acrylic Fibre is a manmade fibre and known as synthetic fibre which is produced by two different methods including wet & dry spinning method. Acrylic Fibre closely resembles wool in its characters, which contain minimum 85% acrylonitrile in their chemical structure are called Acrylic Fibres. The Global Acrylic Fibre Market represents steady growth over the past seven years, and it is likely to continue in same trend over the assessment period. In addition to this, the global market anticipated to progress in terms of CAGR due to its increasing popularity driven by lower denier properties.

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Global market is heading towards growth stabilization supported by changing regional demographics. Acrylic Fibre represents huge numbers in terms market value and volume, although, the market registered single digit steady growth rate. Factors such as growing demand of apparel with changing climatic conditions likely to lead the growth for Acrylic Fibre in the coming years. Emerging economies in Asia Pacific such as India, China, and Japan expected playing pivotal role due to high industrial advancements along with economic reforms. The region expected to retain its prominence over the coming years as well owing to rapid industrialization along with active presence of key industry participants. The growth in this region also considered as export driven up to some extent. The fact that, Asia Pacific has active presence of large number of players, Turkey consist of largest player in this market including Akrilik Kimya Sanayii A.?. (Aksa).

The ability of Acrylic Fibre to offer versatile products in apparel industry has made it on high end by being key revenue generating industry. Apparel industry is offering wide application scope for Acrylic Fibre along with creating further growth opportunities for existing products including sweaters, socks, fleece wear, circular knit apparel, and sportswear. Acrylic fibre is highly matured market and it consist of few established market players along large number mid-scale manufactures. Thus, rivalry offers by this market is on global level is medium, although, the scenario may change in the coming years due the growth represented by this market. As per the detailed study published by the Market Research future on Acrylic Fibre, the global market will be showing lucrative growth prospects owing to technological advancements along with cost effective production of Acrylic Fibre. On the flip side, raw material changes along with stringent environmental regulation may challenge the growth of this market over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

May 2015- Thai Acrylic Fibre developed a new product phase change materials (PCM) acrylic fibre with Outlast Technologies, USA. The production process allowed the acrylic fibre material to perform 4 times better than existing one.

December 2015- Leading manufacturers of acrylic fibre Aksa has expanded its production capacity from 308,000 tons/year to 315,000 tons/year, followed by the modernization of production process.

March 2016 – One of the top acrylic fibre producers, Thai Acrylic Fibre which is part of Aditya Birla Group expanded a new Radianza brand gel dyed acrylic fibre in china. By forming partnership with China based company Shandong HengTai textiles which is foremost producer of ecru and dyed acrylic yarn based in Shandong, China.

September- 2016 –TOYOBO tie up with Dutch Bio venture Company, Avantium to produce bio-based resin i.e polyethylene furanoate (PEF) that has similar qualities to polyethylene terephthalate (PET). Compared to PET barring oxygen and barring water vapor, PEF films are 10 times more efficient bio-based resins. Avantium based in Amsterdam, operates in the field of renewable resources. Toyobo already into bio-based resin products but with expansion of PEF resins has expanded their production into new material as high functionality commodity.

May 2016- Pasupati Acrylon Limited has planned to enter flexible manufacturing market with 5000 tonnes per annum production capacity. However, staring new product portfolio will expand their horizon into world with integrated cast polypropylene film plant.

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