Global Acrylic Fibers
Market: Overview
Acrylic fibers are polymers formed by addition of polymerization
of acrylonitrile. They offer resistance to ultraviolet degradation,
microbiological attack, weak alkalis, and laundry bleach. These fibers also
offer good thermal stability. Acrylic fibers provide high stability toward
bleaching agents. They also possess low specific mass & elasticity, which
makes them an ideal choice for production of textiles. Acrylic fibers are
extensively employed in the production of apparel owing to the characteristics
mentioned above.
Rise in per capita income and decrease in cost of apparels are
anticipated to drive the acrylic
fibers market across the globe. Additionally, rise in fashion trends in
the apparel industry and penetration of e-commerce in boosting the sales of
clothes are anticipated to fuel the apparel industry in the near future. This,
in turn, is projected to drive the demand for acrylic fibers. However,
fluctuation in prices of acrylonitrile, which is used as raw material in the
manufacture of acrylic fibers, is likely to hamper the acrylic fibers market in
the near future. Presence of substitutes such as polyester fibers is also
projected to hinder the acrylic fibers market during the forecast period.
Additionally, the U.S. Environmental Protection Agency has regulated the usage
of acrylic fibers due to the potential health hazards such as inhalation of
polyacrylonitrile can lead to cyanide poisoning.
Global Acrylic Fibers
Market: Key Segments
Based on method of production, the global acrylic fibers market
can be segmented into dry spun, wet spun, spun-dyed, shining, matt and flame
retardant, and others (including industrial grade fibers). In dry spinning of
acrylic fibers, dimethylformamide is used as a thermal stabilizer. In wet
spinning, sodium thiocyanate is commonly used as solvent. In wet spinning, the
investment cost is less compared to that in dry spinning. In dry spinning,
volatile organic solvents are used for production. Under wet spinning, organic
and inorganic solvents can be used in the production of acrylic fibers.
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Based on end-use, the global acrylic fibers market can be
divided into apparel, household, and industrial. The apparel segment is
anticipated to be the dominant end-user of the global acrylic fibers market in
the near future. In outdoor application, acrylic fibers is used in the
manufacture of car tops, boat covers, awnings, and outdoor furniture. These
fibers are also used in the manufacture of filtration materials and
reinforcement materials for construction applications.
Global Acrylic Fibers
Market: Regional Analysis
In terms of region, the global acrylic fibers market can be
segregated into North America, Latin America, Asia Pacific, Europe, and Middle
East & Africa. Asia Pacific is estimated to constitute major share of the
global market during the forecast period. The acrylic fibers market in Asia
Pacific is estimated to expand at a rapid pace due to the rise in per capita
income across the region. Decrease in prices of apparel and rise in standard of
living of the people are also projected to boost the demand for apparel across
the region. This, in turn, is expected to fuel the acrylic fibers market in
Asia Pacific. Manufacturers in Europe and North America are primarily engaged
in developing advanced technologies for manufacturing acrylic fibers.
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Global Acrylic Fibers
Market: Key Players
Prominent players operating in the global acrylic fibers market
include Bayer AG, TORAY INDUSTRIES, INC., Indian Acrylics Limited., DowAksa,
LLC, Radici Partecipazioni SpA, Sudamericana de Fibras SA, and Sterling Fiberss
Inc. The global acrylic fibers market is dominated by large numbers of players.
It is fragmented in nature.
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