Acrylic Fibers Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026

November 01, 2021

A new report has been published by Stratview Research, titled, “Acrylic Fibers Market” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Acrylic Fibers Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.

Market segmentation

Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.

Acrylic Fibers Market Share by Form Type

Based on the form type, the acrylic fibers market is segmented as staple fibers and filament fibers. Staple fibers currently account for three-fourths of the total market and are expected to maintain their dominance in the market over the next five years. The fiber type is also likely to register a higher growth over the same period. Acrylic fibers are manufactured through two processes: Dry Spinning and Wet Spinning. Staple fiber manufactured from dry spinning process offers a wide array of advantages including dimensional stability and discrete length. These fibers are used in various applications including carpets, sweaters, and socks. Whereas, filament fibers are continuous fibers that are used to manufacture blankets, gloves, stockings, and wool fabrics.

Acrylic Fibers Market Share by Blending Type

Based on the blending type, the market is segmented as wool, cotton, cellulose, and others. Wool is estimated to remain the largest segment of the market over the next five years. The key whys and wherefores for blending wool with acrylic fibers are to obtain non-itchy, more affordability, and comfort properties. Cotton, another considerable segment, is likely to witness the highest growth during the same period. Cotton is blended with acrylic fibers in order to produce superior properties including excellent softness, warmness, and durability.

Acrylic Fibers Market Share by End-Use Industry Type

Based on the end-use industry type, the market is segmented into apparel, household furnishing, industrial, and others. The apparel segment currently holds the largest share of the market and is also estimated to grow at the highest CAGR during the forecast period. A wide use of acrylic fibers coupled with a large application base including sweater, sportswear, children wear, and socks are the major factor driving the growth of the segment. Changing lifestyle, evolving fashion trends, growing disposable income, and increasing standard of living are giving an impetus to the demand for apparels worldwide.  Also, acrylic fiber finds a wider use in the manufacturing of household furnishing.

As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive landscape

Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Acrylic Fibers Market along with a list of Key players.

Here are few –

• Aksa Akrilik Kimya Sanayii A.S.,
• Dralon,
• Kaltex,
• Pasupati Acrylon Limited,
• Formosa Plastics Group,
• JILIN QIFENG CHEMICAL FIBER CO.LTD.

Report Features -

This market report includes the following features –

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints.
• Market trend and forecast analysis.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.

 

Author : Meha Prasad