Acrylic Fibers Market Size

Acrylic Fibers Market size was valued at around USD 5.1 billion in 2022 and is projected to register a CAGR of over 3.4% between 2023 and 2032. Acrylic fibers are used in various apparel applications, including sweaters, socks, and sportswear. Demand in the apparel industry is often driven by changing fashion trends, consumer preferences for synthetic materials, and the need for lightweight, durable, and affordable clothing.

Acrylic fibers are used in the production of blankets, carpets, and upholstery materials. Consumer preferences for soft, easy-to-clean, and affordable home textiles drive demand. Acrylic fibers find applications in industrial textiles, such as filtration media and protective clothing. Growth in these sectors, often influenced by regulatory requirements and technological advancements, can boost demand.

Acrylic fibers compete with other synthetic fibers like polyester and nylon. Acrylic fibers are derived from petrochemicals, and their prices are subject to fluctuations in crude oil and natural gas prices. The production of acrylic fibers involves the use of chemicals and energy, and it can have environmental impacts. Thus, the risks associated with acrylic fibers may drive down the acceptance rate, further hampering the business growth.