Acrylic Fibers Market by Product Type (Staple Fiber, Filament Fiber), Application (Clothing & Fashion, Upholstery & Carpets, Bedding & Curtains, Acoustic Insulation), End-Use Industry (Textiles & Apparel, Home Furnishing, Industrial Applications, Automotive); Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Acrylic Fibers Market was valued at USD 8.1 billion in 2023 and will surpass USD 12.8 billion by 2030; growing at a CAGR of 6.7% during 2024 - 2030.

The acrylic fibers market is an essential segment of the global textile industry, driven by their versatility, strength, and resistance to wear and tear. Acrylic fibers are synthetic fibers made from polymerized acrylic acid and are widely used in various applications, including textiles, home furnishings, and industrial products. These fibers offer excellent durability, colorfastness, and a lightweight feel, making them ideal for applications in clothing, upholstery, and insulation. The global market for acrylic fibers is expanding due to the growing demand for high-performance fibers in the fashion, automotive, and home furnishing industries. As consumers increasingly seek functional and aesthetically pleasing products, the demand for acrylic fibers is expected to rise across a range of applications and end-use industries.

Staple Fiber Is Largest Product Type Owing to Its Widespread Use in Textiles

Among the different types of acrylic fibers, staple fibers represent the largest subsegment in the market. Staple fibers, typically used for yarn production, are favored in the textiles and apparel industry for their ability to be spun into a variety of fabrics. They are widely used in the manufacturing of sweaters, scarves, blankets, and other knitwear products due to their softness, warmth, and ability to retain color. The relatively low cost and ease of manufacturing staple fibers also make them a popular choice in mass production, contributing significantly to their market dominance.

Staple fibers offer significant advantages, including good dye retention, making them ideal for the fashion industry. With growing demand for affordable yet high-quality textiles, staple fibers continue to be the preferred choice, especially in developing markets where cost-effective alternatives to natural fibers are sought. The staple fiber segment’s dominance is expected to remain intact, driven by its versatile applications and continued demand from the apparel industry.

Clothing & Fashion Application Is Largest Owing to Expanding Fashion Trends

The clothing and fashion application is the largest segment for acrylic fibers, driven by the increasing demand for versatile, durable, and affordable fabrics. Acrylic fibers are commonly used in the production of clothing items such as sweaters, cardigans, and outerwear, owing to their warmth, lightweight nature, and ability to mimic the texture of wool. As fashion trends evolve and the demand for synthetic alternatives to natural fibers grows, acrylic fibers continue to play a crucial role in the creation of trendy, functional, and cost-effective clothing options.

Acrylic fibers are particularly well-suited to the clothing industry as they are resistant to fading and wrinkling, making them a long-lasting option for fashion retailers and consumers. The growing focus on sustainable fashion and the desire for durable yet affordable clothing solutions are expected to continue boosting demand for acrylic fibers in the apparel sector, solidifying their position as the largest application segment.

Textiles & Apparel Is Largest End-Use Industry Owing to Demand for Durable, Affordable Fabrics

The textiles and apparel industry is the largest end-use sector for acrylic fibers, driven by their widespread use in the production of both everyday and specialty garments. Acrylic fibers offer several advantages in the textile industry, including their ability to be dyed easily and their ability to maintain their shape and texture over time. As demand for comfortable, long-lasting clothing continues to rise, acrylic fibers have become an essential component in the textile production process.

The textiles and apparel sector’s demand for acrylic fibers is expected to grow, especially with the increasing popularity of knitted and woven fabrics. These fibers are commonly used in the production of wool-like fabrics for sweaters, jackets, and coats, appealing to consumers seeking warm yet lightweight alternatives to traditional wool garments. The growing preference for cost-effective synthetic fibers further strengthens the textiles and apparel industry's position as the largest end-use segment in the acrylic fiber market.

Asia-Pacific Is Fastest Growing Region Owing to Rapid Industrialization

Asia-Pacific is the fastest-growing region in the global acrylic fibers market. This growth is largely driven by the region’s rapidly expanding textile industry, especially in countries such as China and India. These countries have emerged as global manufacturing hubs for acrylic fibers, benefitting from low labor costs, large-scale production capabilities, and strong domestic demand. The shift toward synthetic fibers, such as acrylic fibers, as alternatives to traditional natural fibers, has accelerated in Asia-Pacific, spurred by both domestic consumption and exports.

The region’s increasing industrialization and the rising demand for clothing and fashion products have contributed significantly to the growth of the acrylic fiber market. Additionally, growing urbanization and disposable incomes are encouraging greater consumption of affordable textiles, especially in the home furnishing and apparel sectors. Asia-Pacific’s dominance and fast growth in acrylic fiber consumption are expected to continue, making it the fastest-growing region in the global market.

Leading Companies and Competitive Landscape

The acrylic fibers market is competitive, with key players focusing on innovation, production capacity, and market expansion to maintain their position. Prominent companies in the market include Mitsubishi Chemical Corporation, Aditya Birla Chemicals, China National Petroleum Corporation (CNPC), and Radici Group. These companies dominate the global market through their extensive production facilities, strong distribution networks, and diverse product portfolios.

The competitive landscape is influenced by the ongoing trend toward sustainability and the development of eco-friendly acrylic fibers. Companies are investing in research and development to enhance the properties of acrylic fibers, such as improving their durability and performance in various applications. Additionally, strategic partnerships, acquisitions, and geographical expansion are being employed to cater to the growing demand for acrylic fibers across key regions, particularly in Asia-Pacific. As demand for affordable yet high-quality synthetic fibers continues to rise, competition in the acrylic fiber market is expected to intensify.

Recent Developments:

• Aditya Birla Group recently announced the expansion of its acrylic fiber production capacity in India to meet growing demand in the textile industry.
• Toray Industries launched a new range of eco-friendly acrylic fibers designed for high-performance applications in sportswear and automotive interiors.
• Mitsubishi Chemical Corporation entered into a partnership with a European textile manufacturer to develop innovative acrylic-based fiber blends for luxury fashion.
• Formosa Chemicals & Fibre Corporation announced plans to invest in advanced acrylic fiber technologies to increase the sustainability of its production processes.
• Huvis Corporation revealed the development of a new acrylic fiber that incorporates biodegradable properties aimed at reducing environmental impact.

List of Leading Companies:

• Aditya Birla Group
• Asahi Kasei Corporation
• DongXiang Group
• Dralon GmbH
• Formosa Chemicals & Fibre Corporation
• Huvis Corporation
• Indorama Ventures
• Jiangsu Zhongtai International Group
• Liaoyang Petrochemical Company
• Mitsubishi Chemical Corporation
• Radici Group
• SABIC
• Samsung Fine Chemicals
• Shandong Helon Co., Ltd.
• Toray Industries, Inc.

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