Global Acrylic Fibers Market Insights, Forecast to 2025

Acrylic fiber is a synthetic fiber that closely resembles wool in its character. According to the definition of the ISO (International Standards Organization) and BISFA (International Synthetic Fiber Standardization Office), fibers which contain a minimum of 85% acrylonitrile in their chemical structure are called "Acrylic Fibers".
All manufactures in the world are committed to the improvement of product. As there are two major production process, such as wet spinning and dry spinning. Dry spinning is an advance technology compared with wet spinning process. Currently, manufacturers in China and India are more likely to used wet spinning process except Indian Acrylics and Qilu Petrochemical (a subsidiary of Sinopec in China). Aksa in Turkey also use wet spinning process.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Acrylic Fibers will increase.
During past five years, global demand varied from 2042.1 K MT in 2013 to 1850.8 K MT in 2018, with a CAGR of -1.95%. Also China and Europe are two major production regions. China is the largest consumption region. In 2017, China consumed about 895.1 K MT with a consumption share of 48.36%. In the future, we predict that global demand will continue to increase. By 2024, global consumption will be 1917.6 K MT.
Global Acrylic Fibers market size will increase to 4840 Million US$ by 2025, from 4270 Million US$ in 2018, at a CAGR of 1.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Acrylic Fibers.

This report researches the worldwide Acrylic Fibers market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Acrylic Fibers breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Aksa Akrilik
Dralon
Aditya Birla Group
Exlan
Mitsubishi Rayon Group
Taekwang
Formosa Plastics Corporation
Tong-Hwa Synthetic Fiber
Kaltex Fibers
Toray
DOLAN GmbH
SDF Group
Yousuf Dewan
Indian Acrylics
Pasupati Acrylon
Vardhman
Sinopec
Jilin Qifeng Chemical Fiber
CNPC
Jiangsu Zhongxin Resources Group
Zhejiang Hangzhou Bay Acrylic Fiber

Acrylic Fibers Breakdown Data by Type
Wet Spinning
Dry Spinning
Acrylic Fibers Breakdown Data by Application
Garment Industry
Home Textiles
Others

Acrylic Fibers Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions

Acrylic Fibers Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Acrylic Fibers capacity, production, value, consumption, status and forecast;
To focus on the key Acrylic Fibers manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Acrylic Fibers :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.