Growing demand for sportswear, apparel, upholstery, and other products is driving the demand for staple acrylic fibers as these fibers have similar textures to any other natural fibers & are less expensive.
The global Staple Acrylic Fiber Market is expected to grow from US$ 2,964.4 Mn in 2022 to US$ 4,230.9 Mn by 2032. FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fibre production.
Although the acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.
The market has been predominantly influenced by certain macroeconomic and industrial factors including demographic dividends, textile industry growth, economic growth, per capita disposable income, etc.
In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.
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Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool-dominated homeware product categories. Demand for staple acrylic fibers from the sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fibre offers.
China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.
Key Takeaways:
Competitive Landscape
According to FMI analysis, Aksa Akrilik Kimya Sanayii AS, Thai Acrylic Fibre Co. Ltd (TAF), Jilin Chemical Fiber Co., Ltd., Taekwang Industry Co. Ltd., Indian Acrylics Ltd., CHEMTEX GLOBAL CORPORATION, Vardhman Acrylics Ltd, Pasupati Acrylon Ltd., Japan Exlan Co. Ltd., Kaneka Corporation and others are identified as the key manufacturers in the Staple Acrylic Fibre market.
Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.
For instance:
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Staple Acrylic Fibre Market Segmentation
By Dyeing Method:
By Blend:
By End Use:
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Mar 16, 2023