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Global Acrylic Fibers Market Growth 2019-2024
SKU ID : LPI-13802080 | Publishing Date : 31-Jan-2019 | No. of pages : 178
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".
Many companies have acrylonitrile plants, which would help them to control production costs. The difference price between acrylonitrile and acrylic fibers is an important factor in determining acrylic fibers profit. During past five years, global acrylic fibers price varied greatly. From 2013, global average price increased from 2831 USD/MT to 2903 USD/MT in 2014. Since 2015, price decreased greatly to 2472 USD/MT. The decrease trend continued in 2016. In 2017, acrylic fibers price started increasing.
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.
According to this study, over the next five years the Acrylic Fibers market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 4670 million by 2024, from US$ 4100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Acrylic Fibers business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Acrylic Fibers market by product type, application, key manufacturers and key regions and countries.
This study considers the Acrylic Fibers value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Wet Spinning
Dry Spinning
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Garment Industry
Home Textiles
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Acrylic Fibers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Acrylic Fibers market by identifying its various subsegments.
Focuses on the key global Acrylic Fibers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acrylic Fibers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Acrylic Fibers submarkets, with respect to key regions (along with their respective key countries).
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.
Many companies have acrylonitrile plants, which would help them to control production costs. The difference price between acrylonitrile and acrylic fibers is an important factor in determining acrylic fibers profit. During past five years, global acrylic fibers price varied greatly. From 2013, global average price increased from 2831 USD/MT to 2903 USD/MT in 2014. Since 2015, price decreased greatly to 2472 USD/MT. The decrease trend continued in 2016. In 2017, acrylic fibers price started increasing.
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.
According to this study, over the next five years the Acrylic Fibers market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 4670 million by 2024, from US$ 4100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Acrylic Fibers business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Acrylic Fibers market by product type, application, key manufacturers and key regions and countries.
This study considers the Acrylic Fibers value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Wet Spinning
Dry Spinning
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Garment Industry
Home Textiles
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Acrylic Fibers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Acrylic Fibers market by identifying its various subsegments.
Focuses on the key global Acrylic Fibers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acrylic Fibers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Acrylic Fibers submarkets, with respect to key regions (along with their respective key countries).
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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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