Fibers manufactured from acrylic yarns are strong, lightweight, and have a softness similar to wool. Acrylic fiber has an aesthetic application enhanced by their ability to accept clear and bright color dyes in subdued and muted tones. It is commonly used in manufacturing of outdoor furniture, apparels, boat covers, carpets etc.,
The demand for acrylics fibers is expected to grow over the forecast owing to rise in demand for apparels with a change in climatic conditions and increase in standard of living of the people is expected to fuel the market growth over the forecast.
Form segment for acrylics fiber includes staple and filament. Advantages of staple acrylics fiber such as resistance to environmental conditions like sunshine, high resistance to breakage, durability, easily washable, high strength, resistance to shrinkage, and anti-static qualities are expected to boost the demand for staple acrylic fiber over the forecast period.
Application segment for acrylics fiber includes home furnishing, apparels, industrial and others. Home furnishing is major application segment. It is used in manufacturing carpets, cushions, rugs, blankets, pile sheets etc., Acrylic fibers are wooly, soft, and natural to feel materials. It is used to manufacture plush velvets. Its ability to dry quickly and resistance from fading, sunlight, and insects is expected to fuel the market growth over the forecast period.
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Regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is the largest consumer and manufacturer of acrylic fibers. Demand for acrylics fiber is expected to be high in India, China, and other Asian countries like Bangladesh, Pakistan, Indonesia, and Vietnam.
Key players operating in the global acrylic fiber market include Aditya Birla Group, Aksa Akrilik Kimya Sanayii A.S., Dralon GmbH, Taekwang Industrial Co. Ltd, Indian Acrylics Limited, Pasupati Acrylon Limited, Exlan Japan Co. Ltd., Kaneka Corporation, Vardhman Acrylics Ltd, and Chemtex Group.