Acrylic Fiber Market
The global acrylic fiber market size is expected to reach USD 5,297.2 Million in 2028 and register a steady revenue CAGR of 2.3% during the forecast period, according to the latest report by Reports and Data. Increasing application of acrylic fibers in the manufacturing of apparel, home textiles, toys, and auxiliary tapes, among others, is a key factor expected to continue to boost demand for acrylic fibers and drive market revenue growth over the forecast period. In addition, unique properties of acrylic fibers such as high resistance to solvents, sunlight, and creasing, and quick drying characteristics have increased adoption in the manufacture of woven and knitted clothing fabrics, carpets, and upholstery. Rising demand for clothing and attire is driven by rapid increase in global population, increasing number of families and individuals opting to purchase homes and apartments is supported by the ongoing urbanization trend, and high demand for automobiles globally is supported by increasing disposable income, changing lifestyle, and improving standard of living among others. These key factors are supporting growth of fabrics, carpets, and automotive industries currently, and driving revenue growth of the acrylic fiber market to a significant extent.
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Extensive primary and secondary research has been carried out to identify and screen the key players of the industry along with their market share, market reach, global position, revenue and gross profit margins, and overall company overview. The report also offers insights into the recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing and manufacturing agreements, and product launches, among others.
Key Companies Operating in the Acrylic Fiber Market are: Dralon, Aksa Akrilik Kimya Sanayii AS, Jilin Chemical Fiber Group Co. Ltd., Aditya Birla Management Corporation Pvt. Ltd., Montefibre SpA, CNPC, Indian Acrylics Limited, DOLAN GmbH, Kaneka Corporation, and Formosa Plastics Group.
Rapid adoption of digital technologies to improve efficiency and production, prioritization of environment sustainability, enhancement of global supply chain, and rising import/export of chemicals and materials have significantly contributed to the revenue growth of the market. Increasing demand for personal care and consumer products such as soaps and other materials, growing focus on the production of petrochemicals, increasing capital expenditures, and rising emphasis on decarbonization have further fueled the revenue growth of the materials and chemicals industry.
The report offers a key assessment of the major geographical regions in the Acrylic Fiber market along with focus on factors such as regulatory framework, , manufacturing and product policies, cost analysis, import and export ratio, supply and demand dynamics, trends, global revenue generation, and profit margins. It also provides statistical data about market share, market size, key drivers, and CAGR for the forecast period 2021-2028.
Regional Analysis covers:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
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Global Acrylic Fiber Market Segmentation:
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Blending Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
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Key Features of the Global Acrylic Fiber Market Research Report:
The research report offers a detailed overview of the Acrylic Fiber market through thorough examination of key market features
The report provides accurate estimations and forecasts for the period 2020-2027
In-depth regional analysis and insights into the regions anticipated to show promising growth over the forecast period
Comprehensive analysis of the competitive landscape along with their financial standing, regional reach, global position, and strategic expansion tactics undertaken by them
Analysis of the recent developments and product advancements in the market
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