Staple Acrylic Fibers Set to Dominate Global Textile Market with a Projected Valuation Surge to US$ 4,230.9 Million by 2032

Staple Acrylic Fibre Market
Staple Acrylic Fibre Market

The global Staple Acrylic Fiber Market is expected to grow from US$ 2,964.4 Million in 2022 to US$ 4,230.9 Million by 2032. FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fiber production.

Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.

The market has been predominantly influenced by certain macroeconomic and industrial factors including demographic dividends, textile industry growth, economic growth, per capita disposable income, etc.

In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.

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Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool-dominated homeware product categories. Demand for staple acrylic fibers from the sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fiber offers.

China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.

Key Takeaways:

  • The global staple acrylic fiber market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
  • By blend, the acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
  • By end use, the textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
  • China’s staple acrylic fiber market is expected to reach about US$ 1,106.0 Million by the end of 2032.
  • The staple acrylic fiber market in India is expected to reach US$ 315.8 Million by the end of 2032.

Competitive Landscape

According to FMI analysis,

  • Aksa Akrilik Kimya Sanayii AS
  • Thai Acrylic Fibre Co. Ltd (TAF)
  • Jilin Chemical Fiber Co., Ltd.
  • Taekwang Industry Co. Ltd.
  • Indian Acrylics Ltd.
  • CHEMTEX GLOBAL CORPORATION
  • Vardhman Acrylics Ltd
  • Pasupati Acrylon Ltd
  • Japan Exlan Co. Ltd
  • Kaneka Corporation

others are identified as the key manufacturers in the Staple Acrylic Fibre market.

Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.

For instance:

  • In August 2020, Aksa Akrilik, an acrylic Fibre producer, added another line to its innovative efforts named Everfresh. Developed after extensive research, Everfresh offers a solution to consumers’ hygiene expectancies with its enduring antimicrobial properties is environment-friendly, and also contains no harmful chemicals.

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Staple Acrylic Fibre Market Segmentation

By Dyeing Method:

  • Dyed
    • Acid
    • Gel
  • Undyed

By Blend:

  • Acrylic-Wool
  • Acrylic-Viscose
  • Acrylic-Nylon
  • Acrylic-Cotton
  • Others

By End Use:

  • Textiles & Apparel
  • Furniture Upholstery
  • Industrial Filtration Material
  • Building & Construction
  • Automotive

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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