Lucintel’s latest market report analyzed that acrylic fiber provides attractive opportunities in the apparel, home furnishing, industrial, and outdoor markets. The acrylic fiber market is expected to reach $6.0 billion by 2028 with a CAGR of 3.2%. In this market, filament fiber is the largest segment by form type, whereas apparel is largest by end use industry.
Based on form type, the acrylic fiber market is segmented into staple fibers and filament fibers. The filament fibers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because these fibers can be stretched into long and thin filaments, which are longer than their original length and then spun into yarns, thus reducing the cost and improving manufacturing efficiency of the final product.
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The Acrylic Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering acrylic fiber include Aditya Birla Group, Indian Acrylics, Kaneka Corporation, DOLAN GmbH, Japan Exlan, Vardhman Acrylics, Toray Industries, Formosa Plastics Corporation, and Chemtex Company.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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