Global Acrylic Fiber Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Acrylic fibres are the copolymers of acrylonitrile and other vinyl monomers, which are usually produced by dry or wet spinning extrusion process. They possess unique properties such as high resistance to UV degradation, laundry bleach and damage from mould, mildew and micro-organisms. Acrylic fibres are widely used in various sectors like apparels, household & furnishing and industrial. Acrylic fibres possess good moisture transportation and wicking properties which intensify its use in apparels industry. Apparels hold the major share in global acrylic fibres market.

Significant shift of capacities is observed from North America and Western Europe to low cost region like Asia-Pacific. Asia-Pacific dominates the acrylic fibres production accounting for about 58% of total global capacity. China is responsible for more than one-third of global acrylic fibres production. Apart from Asia-Pacific, Middle-East and Africa has been picking up the advantage of its upstream & downstream linkage and its geographical position to supply to Asia-Pacific and Western European markets. Apparels are witnessed to be the major growth driver for acrylic fibres in countries like China, India and Southeast Asia owing to its growing urbanization. Global market of acrylic fibres is expected to grow at a CAGR of XX% in mid-term to long-term forecast.