The acrylic fiber market was estimated to be worth USD 4.57 million globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% over the course of the forecast period. The main ingredient in acrylic fiber, a synthetic fiber, is a polymer known as polyacrylonitrile. It is utilized in outdoor textiles, home furnishings, and apparel.

Compared to natural fibers like wool, acrylic fiber is less costly and requires less maintenance. Compared to natural fibers, it is not as breathable. The market is expanding due to the growing demands of the garment sector. The market is expected to rise significantly due to the growing use of acrylic fiber in blended fabrics along with other fibers like cotton and wool. The market is expanding quickly due to growing industrialization.

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Growth Drivers

Acrylic fibers are becoming more and more popular because of their low cost, strength, and ease of upkeep. They are popular in the clothing industry because of their warm and lightweight qualities, which make them perfect for cold-weather wear. Acrylic fibers can be bent with other fibers, including cotton and wool, to improve the strength, absorbency, and color retention of fabrics.

Sustainable and environmentally friendly materials are becoming more popular as environmental concerns develop. In keeping with the global movement for sustainable practices in the textile business, producers are creating acrylic fibers that are recyclable and biodegradable. The commercial reach of acrylic fibers is increased by their application in filtration media, insulation, and geotextiles, among other products, in addition to textiles.

Segmentation

By Form

·         Staple

·         Filament

By Blending

·         Wool

·         Cotton

·         Other Blends

Application

·         Apparel

·         Household Furnishing

·         Industrial

·         Other Applications

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Kaneka Corporation

·         Pasupati Acrylon Limited

·         Indian Acrylics Limited

·         Hanil Synthetic Fiber Co., Ltd.

·         Tong-Hwa Synthetic Fiber Co., Ltd.

·         Montefibre S.p.A.

·         Formosa Plastics Group

·         Zhejiang Hangzhouwan Acrylic Co.Ltd

·         Jilin Co. Fiber Group Co. Ltd.

·         Thai Acrylic Fiber Company Ltd.

·         Dralon GmbH

·         Aksa Acrylic Kinya Sanayjii AS

·         Other Players

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