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 global acrylic fiber market has been experiencing steady growth in recent years, driven by a range of factors such as increasing demand from various end-use industries, favorable properties of acrylic fibers, and technological advancements in production processes. The textile industry is the largest consumer of acrylic fibers, accounting for a significant share of the global market. Acrylic fibers find extensive use in the production of knitted and woven fabrics, blankets, sweaters, and other apparel items. The demand for acrylic fibers in the textile industry is driven by factors such as their softness, lightweight nature, and availability in a wide range of vibrant colors. Moreover, acrylic fibers are easy to dye, allowing manufacturers to create a diverse range of designs and patterns. The growing automotive industry is another key driver for the global market. Acrylic fibers are used in automotive interiors, particularly in the production of upholstery fabrics and carpets. The automotive sector's emphasis on lightweight materials and the need for enhanced comfort and aesthetics have contributed to the increased adoption of acrylic fibers. These fibers provide excellent insulation, resistance to abrasion, and a soft feel, making them suitable for various automotive applications.

US Acrylic Fiber Market is poised to grow at a sustainable CAGR for the next forecast year.