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These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
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