Polyacrylonitrile, a polymer that contains at least 85% acrylonitrile monomer, is the building block of synthetic fibers referred to as acrylic.   These fibers, which were first developed as a wool substitute in the middle of the 20th century, are lightweight, resistant to environmental factors, and offer a similar level of warmth and texture.   Acrylic fibers have many uses due to their well-known softness, warmth, and durability, particularly in the apparel and textile industries.   Their remarkable ability to mimic the feel and appearance of wool makes them a popular choice for knitwear, sweaters, socks, and blankets.  Furthermore, their vivid dye-absorbing ability ensures that final products retain color over time.

According to SPER market research, ‘Global Acrylic Fibers Market Size- By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Acrylic Fibers Market is predicted to reach 7.75 billion by 2034 with a CAGR of 3.68%.

Drivers:

The textile and apparel industries' growing demand, especially in emerging economies where urbanization and rising disposable incomes are driving the consumption of inexpensive, wool-like clothing materials, is the main factor driving the global market for acrylic fibers.   Because of their softness, resilience, and colorfastness, acrylic fibers are widely used in home textiles, clothing, and blankets.   Additionally, their popularity in outdoor fabrics and industrial applications such as upholstery and awnings has grown due to their resistance to moisture, chemicals, and UV radiation.   The market has grown as a result of the rising demand for blended fabrics, which combine acrylic fibers with natural or other synthetic fibers to increase functionality and reduce costs.

Acrylic Fibers Market Sample in PDF Format, Click Here

Restraints:

Numerous significant problems are impeding the global acrylic fibers market's expansion and long-term viability.  The production of acrylic fiber is susceptible to changes in the price of crude oil and interruptions in supply due to its heavy reliance on acrylonitrile, a raw material derived from petroleum.   Stricter rules and more pressure on manufacturers to use cleaner technologies are the results of regulatory bodies' and environmental organizations' concerns regarding the non-biodegradable nature of acrylic fibers and their role in microplastic pollution.   Natural fibers like cotton and wool, which are thought to be more sustainable, and other synthetic fibers like polyester and nylon, which frequently offer better performance qualities at lower costs, are also fierce competitors in the market.

Because of its sophisticated technological infrastructure and robust demand for high-performance textiles in industries like automotive, home furnishings, and protective apparel, North America dominates the global market for acrylic fibers. Some significant market players are Aditya Birla Management Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AS, China Petrochemical Corporation (Sinopec), Dralon, Formosa Plastics Corporation.

For More Information, refer to below link: –  

Acrylic Fibers Market Growth

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