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Acrylic Fibers Market Analysis

Report ID: GMI6857
Published Date: Oct 2023
Report Format: PDF

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Acrylic Fibers Market Analysis

Acrylic Fibers Market Size, By Fiber Type, 2021 - 2032 (USD Billion)

Based on fiber type, the acrylic fibers market is segmented as Staple Fiber, Tow (Tow-Dyed) Fiber. Staple Fiber held a majority market value of USD 3.3 billion in 2022. Staple acrylic fibers are commonly used in the production of various textile products, including sweaters, blankets, and carpets. Demand is driven by fashion trends, seasonal variations, and consumer preferences for soft, comfortable, and affordable clothing and home textiles.

Acrylic Fibers Market Revenue Share, By Application, (2022)

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Based on application, the acrylic fibers market is segmented as Apparel, Home Textiles, Nonwoven Fabrics, Industrial and Technical Textiles, Carpets and Rugs, Outdoor and Recreational Products, Upholstery, Blankets and Bedding, Craft and Hobby, Others. Apparel held a dominant market share of around 40% in 2022. The demand for acrylic fibers in apparel and textiles is often driven by fashion trends. Consumers' preferences for affordable, versatile, and easy-to-care-for clothing can boost demand.

Based on end-use, the acrylic fibers market is segmented as Textile Industry, Automotive Industry, Construction Industry, Filtration and Separation, Aerospace and Defense, Healthcare Industry, Others. Food & beverages held a dominant market share in 2022 and is anticipated to grow at 3.4% CAGR through 2032. Demand for acrylic fibers in this sector is often driven by changing fashion trends and consumer preferences for affordable, easy-care, and versatile clothing. Thus, the high-quality services and growing usage of acrylic fibers at food centres are anticipated to expedite the business expansion.

U.S. Acrylic Fibers Market Size, 2020- 2032 (USD Billion)

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U.S. dominated the North American region with majority acrylic fibers market share and a revenue of USD 1.6 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. Demand for acrylic fibers in automotive interiors depends on consumer preferences for comfort and aesthetics in vehicles. Design trends and the quality of interior materials play a significant role.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Acrylic fibers market size was USD 5.2 billion in 2023 and is estimated to reach USD 7.1 billion by the end of 2032 due to high usage in various apparel applications, including sweaters, socks, and sportswear.

Deman for staple fiber reached USD 3.3 billion in 2022 owing to rising adoption in the production of various textile products, including sweaters, blankets, and carpets

U.S. industry size for acrylic fibers was USD 1.6 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 driven by the influx of design trends for enhanced quality of interior materials

Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries, Mondi plc, ITC Limited, Smurfit Kappa Group, Oji Holding Corporation, International Paper Group, and Svenska Cellulosa Aktiebolaget are some of the major acrylic fibers industry players