Acrylic Fibers Market
Report code - SRAM183 | Published On : NA | Status: Upcoming

Acrylic Fibers Market by Form Type (Staple Fiber and Filament Fiber), by Blending Type (Wool, Cotton, Cellulose, and Others), by End-Use Industry Type (Apparel, Household Furnishings, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

This report, from Stratview Research, studies the acrylic fibers market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Acrylic Fibers Market: Highlights

The acrylic fibers market is likely to grow at a modest CAGR of 1.3% over the next five years. Acrylic fibers are lightweight and have softness and warmth. They also offer excellent resistance to ultraviolet degradation, microbiological attack, weak alkalis, and laundry beach. Over the past some years, acrylic fibers have been facing tough competition from low-cost fibers including polyester fibers. Polyester fiber has a lower cost, excellent raw material availability, and recyclability. The global export of acrylic fibers has significantly declined in the recent years and this situation seems to prevail in the foreseeable future.

The higher cost of acrylic fiber is the biggest constraint of the market. The cost of acrylic fiber is highly dependent on acrylonitrile (ACN) cost. The volatility of ACN prices makes a huge impact on the demand for acrylic fibers. Despite the recent decline in ACN prices, the prices of acrylic fibers are still higher than the polyester fibers. However, the increasing demand from the apparel industry and the growing application of acrylic fibers in household furnishings sustain the present global acrylic fibers market. 

Based on the form type, the acrylic fibers market is segmented as staple fibers and filament fibers. Staple fibers currently account for three-fourths of the total market and are expected to maintain their dominance in the market over the next five years. The fiber type is also likely to register a higher growth over the same period. Acrylic fibers are manufactured through two processes: Dry Spinning and Wet Spinning. Staple fiber manufactured from dry spinning process offers a wide array of advantages including dimensional stability and discrete length. These fibers are used in various applications including carpets, sweaters, and socks. Whereas, filament fibers are continuous fibers that are used to manufacture blankets, gloves, stockings, and wool fabrics. 

Based on the blending type, the market is segmented as wool, cotton, cellulose, and others. Wool is estimated to remain the largest segment of the market over the next five years. The key whys and wherefores for blending wool with acrylic fibers are to obtain non-itchy, more affordability, and comfort properties. Cotton, another considerable segment, is likely to witness the highest growth during the same period. Cotton is blended with acrylic fibers in order to produce superior properties including excellent softness, warmness, and durability. 

Based on the end-use industry type, the market is segmented into apparel, household furnishing, industrial, and others. The apparel segment currently holds the largest share of the market and is also estimated to grow at the highest CAGR during the forecast period. A wide use of acrylic fibers coupled with a large application base including sweater, sportswear, children wear, and socks are the major factor driving the growth of the segment. Changing lifestyle, evolving fashion trends, growing disposable income, and increasing standard of living are giving an impetus to the demand for apparels worldwide.  Also, acrylic fiber finds a wider use in the manufacturing of household furnishing.

In terms of regions, Asia-Pacific holds the largest chunk of the market and is expected to remain the most dominant market in the foreseen future. Asia-Pacific alone holds more than 60% of the total capacity of acrylic fibers, mainly in China. China currently accounts for almost 43% of the total acrylic fibers market and is projected to remain the largest market in the region over the next five years. Despite large capacity of acrylic fibers in China, the country is still importing some of its requirements from the global marketplace including Turkey.

India is likely to be the new growth engine of the region’s market for acrylic fibers in the coming years, driven by rising population, increasing disposable income, and changing lifestyle. Some of the Chinese players are increasing their staple fibers capacity in order to capture a large chunk of the growing Indian acrylic fibers market. Other high-growth markets in the region are Vietnam, Pakistan, and Bangladesh.

The Middle East & Africa, the second largest market after Asia-Pacific, is likely to grow at a healthy rate over the next five years, driven by Saudi Arabia, the UAE, and Qatar. It is estimated that these countries will remain to play a pivotal role in driving the demand for acrylic fibers in the region in the foreseen future. Europe and North America are likely to remain the small markets in the coming years. The rate of growth is also likely to be slower than that of Asia-Pacific and the Middle East regions.

The competitive landscapes of the market keep changing with the dominance of China is gradually increasing. Several Chinese players started emerging as the major players as they started serving the growing local demand as well as targeting growing neighboring countries like China. Also, the major players have been working hard to develop advanced products meeting the changing market requirements as well as gaining a larger chunk of the market. For instance; the development of eco-fur, special fibrillated acrylic fiber, and anti-pilling fibers are such examples that are developed to address the existing market needs. Some of the key acrylic fibers manufacturers are Aksa Akrilik Kimya Sanayii A.S., Dralon, Kaltex, Pasupati Acrylon Limited, Formosa Plastics Group, and JILIN QIFENG CHEMICAL FIBER CO.LTD.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

The Acrylic Fibers Market is segmented into the following categories. 

Acrylic Fibers Market by Form Type:

  • Staple Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Filament Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Acrylic Fibers Market by Blending Type:

  • Wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Cotton (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Cellulose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Acrylic Fibers Market by End-Use Industry:

  • Apparel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Household Furnishings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Acrylic Fibers Market by Region:

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the end-use industry types by blending type.  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com. 


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.       Executive Summary  

2.       Acrylic Fibers Market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Form Type

2.2.2.                         By Blending Type

2.2.3.                         By End-Use Industry Tye

2.2.4.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                Industry Life Cycle Analysis

2.7.                PEST Analysis: Impact Assessment of Changing Business Environment

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.       Acrylic Fibers Market Analysis – By Form Type    

3.1.                Strategic Insights 

3.2.                Acrylic Staple Fibers Market Trend and Forecast (US$ Million)

3.2.1.                         Regional Trend and Forecast (US$ Million)

3.3.                Acrylic Filament Fibers Market Trend and Forecast (US$ Million)

3.3.1.                         Regional Trend and Forecast (US$ Million)

4.       Acrylic Fibers Market Analysis – By Blending Type

4.1.                Strategic Insights 

4.2.                Wool: Acrylic Fibers Market Trend and Forecast (US$ Million)

4.2.1.                         Regional Trend and Forecast (US$ Million)

4.3.                Cotton: Acrylic Fibers Market Trend and Forecast (US$ Million)

4.3.1.                         Regional Trend and Forecast (US$ Million and Million SQM)

4.4.                Cellulose: Acrylic Fibers Market Trend and Forecast (US$ Million)

4.4.1.                         Regional Trend and Forecast (US$ Million and Million SQM)

4.5.                Others: Acrylic Fibers Market Trend and Forecast (US$ Million)

4.5.1.                         Regional Trend and Forecast (US$ Million)

5.       Acrylic Fibers Market Analysis – By End-Use Industry 

5.1.                Strategic Insights 

5.2.                Apparel: Acrylic Fibers Market Trend and Forecast (US$ Million)

5.2.1.                         Regional Trend and Forecast (US$ Million)

5.2.2.                         Product Type (Sportswear, Children Wear, and Others) Trend and Forecast (US$ Million)

5.3.                Household Furnishings: Acrylic Fibers Market Trend and Forecast (US$ Million)

5.3.1.                         Regional Trend and Forecast (US$ Million)

5.3.2.                         Product Type (Carpets, Blankets, Upholstery, and Others) Trend and Forecast (US$ Million)

5.4.                Industrial: Acrylic Fibers Market Trend and Forecast (US$ Million)

5.4.1.                         Regional Trend and Forecast (US$ Million)

5.5.                Others: Acrylic Fibers Market Trend and Forecast (US$ Million)

5.5.1.                         Regional Trend and Forecast (US$ Million)

6.       Acrylic Fibers Market Analysis – By Region  

6.1.                Strategic Insights 

6.2.                North American Acrylic Fibers Market Analysis

6.2.1.                         North American Acrylic Fibers Market T&F, by Country (US$ Million)

6.2.1.1.                                   The USA: Acrylic Fibers Market T&F (US$ Million)

6.2.1.2.                                   Canada: Acrylic Fibers Market T&F (US$ Million)

6.2.1.3.                                   Mexico: Acrylic Fibers Market T&F (US$ Million)

6.2.2.                         North American Acrylic Fibers Market T&F, by Form Type (US$ Million)

6.2.3.                         North American Acrylic Fibers Market T&F, by Blending Type (US$ Million)

6.2.4.                         North American Acrylic Fibers Market T&F, by End-Use Industry Type (US$ Million)

6.3.                European Acrylic Fibers Market Analysis

6.3.1.                         European Acrylic Fibers Market T&F, by Country (US$ Million)   

6.3.1.1.                                   Germany: Acrylic Fibers Market T&F (US$ Million)

6.3.1.2.                                   France: Acrylic Fibers Market T&F (US$ Million)

6.3.1.3.                                   The UK: Acrylic Fibers Market T&F (US$ Million)

6.3.1.4.                                   Russia: Acrylic Fibers Market T&F (US$ Million)

6.3.1.5.                                   Rest of Europe: Acrylic Fibers Market T&F (US$ Million)

6.3.2.                         European Acrylic Fibers Market T&F, by Form Type (US$ Million)

6.3.3.                         European Acrylic Fibers Market T&F, by Blending Type (US$ Million)

6.3.4.                         European Acrylic Fibers Market T&F, by End-Use Industry Type (US$ Million)

6.4.                Asia-Pacific’s Acrylic Fibers Market Analysis

6.4.1.                         Asia-Pacific’s Acrylic Fibers Market T&F, by Country (US$ Million)   

6.4.1.1.                                   China: Acrylic Fibers Market T&F (US$ Million)

6.4.1.2.                                   Japan: Acrylic Fibers Market T&F (US$ Million)

6.4.1.3.                                   India: Acrylic Fibers Market T&F (US$ Million)

6.4.1.4.                                   Rest of Asia-Pacific: Acrylic Fibers Market T&F (US$ Million)

6.4.2.                         Asia-Pacific’s Acrylic Fibers Market T&F, by Form Type (US$ Million)

6.4.3.                         Asia-Pacific’s Acrylic Fibers Market T&F, by Blending Type (US$ Million)

6.4.4.                         Asia-Pacific’s Acrylic Fibers Market T&F, by End-Use Industry Type (US$ Million)

6.5.                Rest of the World’s (RoW) Acrylic Fibers Market Analysis

6.5.1.                         RoW’s Acrylic Fibers Market T&F, by Sub-Region (US$ Million)

6.5.1.1.                                   Latin America: Acrylic Fibers Market T&F (US$ Million)

6.5.1.2.                                   The Middle East: Acrylic Fibers Market T&F (US$ Million)

6.5.1.3.                                   Others: Acrylic Fibers Market T&F (US$ Million)

6.5.2.                         RoW’s Acrylic Fibers Market T&F, by Form Type (US$ Million)

6.5.3.                         RoW’s Acrylic Fibers Market T&F, by Blending Type (US$ Million)

6.5.4.                         RoW’s Acrylic Fibers Market T&F, by End-Use Industry Type (US$ Million)

7.       Competitive Analysis

7.1.                Strategic Insights

7.2.                Product Portfolio Analysis

7.3.                Presence by Blending Type

7.4.                Geographical Presence

7.5.                New Product Launches

7.6.                Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Strategic Collaborations, etc.

7.7.                Market Share Analysis

8.       Strategic Growth Opportunities

8.1.                Strategic Insights

8.2.                Market Attractive Analysis

8.2.1.                         Market Attractiveness by Form Type

8.2.2.                         Market Attractiveness by Blending Type

8.2.3.                         Market Attractiveness by End-Use Industry Type

8.2.4.                         Market Attractiveness by Region

8.2.5.                         Market Attractiveness by Country

8.3.                Emerging Trends

8.4.                Growth Matrix Analysis

8.5.                Key Success Factors

9.       Company Profile of Key Players

9.1.                Aksa Akrilik Kimya Sanayii AS

9.2.                Dralon GmbH

9.3.                Formosa Plastics Group

9.4.                Indian Acrylics Limited

9.5.                JILIN QIFENG CHEMICAL FIBER CO., LTD.

9.6.                Kaltex

9.7.                Pasupati Acrylon Limited 

9.8.                Polymir

9.9.                SINOPEC

9.10.            Thai Acrylic Fiber Co. Ltd.

 

 



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