Acrylic Fiber Market Size, Share, Growth Analysis, By Type(Standard Acrylic Fiber and Specialty Acrylic Fiber), By Application(Apparel, Home Furnishings, Industrial and Others), By Region - Industry Forecast 2024-2031

Acrylic Fiber Market size was valued at USD 5.1 billion in 2021 and is poised to grow from USD 5.27 billion in 2022 to USD 6.83 billion by 2030, growing at a CAGR of 3.3% during the forecast period (2023-2030).

The acrylic fiber market is a competitive landscape with several key players vying for market share.The market is characterized by the presence of both established players and emerging manufacturers. Established companies typically have well-established distribution networks, brand recognition, and a diverse product portfolio. They leverage their experience and industry presence to maintain a significant market share. On the other hand, emerging players often focus on niche applications or specific regions to carve out their space in the market. 'Aksa Akrilik Kimya Sanayii A.Ş. (Turkey)', 'Dralon GmbH (Germany)', 'Aditya Birla Group - Birla Cellulose (India)', 'Taekwang Industrial Co., Ltd. (South Korea)', 'Kaneka Corporation (Japan)', 'Thai Acrylic Fibre Co., Ltd. (Thailand)', 'Pasupati Acrylon Ltd. (India)', 'Exlan Japan Co., Ltd. (Japan)', 'Montefibre SpA (Italy)', 'Kaltex Fibers (Mexico)', 'Jilin Chemical Fiber Group Co., Ltd. (China)', 'DOLAN GmbH (Germany)', 'Formosa Chemicals & Fiber Corporation (Taiwan)', 'Indian Acrylics Limited (India)', 'Hangzhou Bay Acrylic Fiber Co., Ltd. (China)', 'The Acrylic Fiber Company (TAF) (Saudi Arabia)', 'Taekwang Synthetics Co., Ltd. (South Korea)', 'Vardhman Acrylics Limited (India)', 'China Petrochemical Corporation (Sinopec) (China)', 'Dralon Poland Sp. z o.o. (Poland)'

Acrylic fibers are often used as a replacement for natural fibers like wool due to their similar appearance and texture. Acrylic fibers offer the advantage of being more affordable than natural fibers, making them an attractive option for cost-conscious consumers and manufacturers. Additionally, as concerns regarding animal welfare and sustainability increase, acrylic fiber provides a cruelty-free alternative, further driving its demand.

Sustainable and eco-friendly fibers: This has led to a shift towards sustainable and renewable materials, including textiles and fibers. Acrylic fiber manufacturers are responding to this trend by developing eco-friendly variants that are biodegradable and produced using environmentally responsible processes. These sustainable acrylic fibers offer similar properties and performance as traditional acrylic fibers, making them a viable alternative for various applications in the textile and apparel industries.

In the Acrylic Fiber market, North America emerges as the dominant region. North America has a well-established healthcare infrastructure, a high adoption rate of advanced surgical technologies, and a strong emphasis on research and development. The presence of leading medical device manufacturers and a large patient pool requiring microsurgical interventions contribute to the dominance of North America in the market.