Summary
The report covers the market size, share, forecasts, trends, drivers, and challenges for the Global Acrylic Fibers Market. Additionally, it provides detailed analysis of the market in terms of value and volume, along with segmentation by end-use industry, application, and region.
Market Overview
Taxonomy
Global Acrylic Fibers Market Ecosystem
Global acrylic Fibers Market Size
The global acrylic fibers market has experienced a degree of instability in recent years, but it still expanded from USD 4.0 billion in 2017 to around USD 4.8 billion by 2022. The period was shaped by multiple disruptions, including the COVID-19 pandemic and the Russia–Ukraine conflict, both of which significantly affected supply chains and the procurement of raw materials. These external shocks created pressure on production, pricing, and trade flows across the market. At the same time, the industry has faced growing competition from substitute fibers such as polyester and nylon, which have continued to challenge acrylic fibers in terms of market share. The increasing shift toward eco-friendly and sustainable fibers has also influenced the demand outlook, affecting both the desirability and production dynamics of acrylic fibers. Despite these challenges, the market remains heavily concentrated in developing regions, with India and the broader Asia-Pacific region playing a dominant role in consumption, production, and export volume.
Global Acrylic Fibers Market Industry Analysis
Global Acrylic Fiber Market Segmentation
Global Acrylic Fiber Market Segmentation by Type of Blend
In the global acrylic fibers market, staple fiber is expected to remain the leading segment, accounting for over 58% of the market, followed by filament fiber with around 42% share. The dominance of the staple segment is being supported by its rising adoption across multiple end-use industries, particularly where texture, versatility, and blending capability are important. As a result, the market is witnessing stronger revenue growth prospects for staple acrylic fibers compared to filament products. Staple fibers are short, non-continuous fibers that need to be twisted together to create long, continuous yarns. This structure makes them especially suitable for producing yarns with a more natural feel, either on their own or when blended with other natural staple fibers such as cotton, wool, and flax. Owing to these properties, staple acrylic fibers are widely used in the textile industry for manufacturing products such as blankets, carpets, and yarn, reinforcing their importance within the overall acrylic fibers market.
Global Acrylic Fiber Market Segmentation by Type of Form
In the global acrylic fibers market, acrylic-wool blends are expected to lead with a market share of over 42%, followed by cotton blends at 26% and viscose blends at 20%. The strong position of acrylic-wool blends is driven by their widespread acceptance in apparel applications, particularly where a balance of warmth, durability, and cost efficiency is required. These blends have become especially popular across global textile markets because they combine the functional strengths of acrylic with the comfort and premium feel of wool. Acrylic fiber is widely used in wool-acrylic blends, with one of the most common combinations being 55% wool and 45% acrylic, particularly in circular knit goods. Such blends are preferred in sportswear and related apparel segments due to their ease of care, durability, shape retention, color styling, and wearer comfort. In addition, other blend formats such as 50/50 and 70/30 acrylic-wool combinations are also widely utilized to address varying consumer and manufacturing needs. The 50/50 blend, in particular, is valued for producing lightweight and durable garments with strong aesthetic appeal and good shape retention.
Global Acrylic Fibers Market Future Outlook
The global acrylic fibers market is projected to grow from USD 5.34 billion in 2022 to over USD 6.90 billion by 2030, registering a CAGR of 3.56% during the forecast period. Growth is being supported by rising demand from the apparel industry, the continued expansion of e-commerce, increasing use of acrylic fibers in outdoor and sporting goods, and broader application in home furnishing products. These factors are collectively strengthening demand across both consumer and industrial textile segments. By form, staple acrylic fiber is expected to remain the dominant segment, currently accounting for over 60% of the market share, due to its wide usability in yarns, blankets, carpets, and blended textile applications. Regionally, Asia-Pacific is expected to be the fastest-growing market, supported by increasing production capacity, higher export activity, and rising regional demand. The competitive landscape includes several prominent players such as Aditya Birla Group (Thai Acrylic Fibre Co. Ltd.), Aksa Akrilik Kimya Sanayii, Jilin Qifeng Chemical Fiber Company, Indian Acrylics Ltd., Taekwang Industry, Exlan Japan Co. Ltd., and SINOPEC.
Global Acrylic Market Company Profile
| Company Name | Establishment year | Description |
|---|---|---|
Thai Acrylic fiber Co. Ltd. (Subsidiary of Aditya Birla Group) | 1987 | Thai Acrylic fiber Co. Ltd. was established in 1987, headquartered in Bangkok, Thailand. The company has its operations globally with employees in the range of 501 to 1000, and manufactures over 30 distinct specialties including technical fibers for high-end applications, the company offers a diverse range, particularly known as Birlacril. Their product line encompasses various types of acrylic fibers designed for the production of items such as sweaters, blankets, carpets, upholstery, soft toys, and awnings, among other high-quality applications. The Company has an installed production capacity of 120,000 tonnes annually |
SINOPEC | 1972 | SINOPEC was established in 1972, headquartered in Beijing, China. The company has its operations globally and has an employee base of around 7,937 employees. The company generated a revenue of USD 12.27 Bn in 2022. Their product line encompasses various types of acrylic fibers designed for the production of items such as clothing, furniture, and other specialty fibers and has 16 different varieties in terms of form, thickness, and color. The Company has an installed production capacity of 130,000 tonnes annually |
Aksa Akrilik Kimya Sanayii | 1968 | ksa Akrilik was established in 1968, headquartered in Yalova, Turkey. The company has its operations globally and has an employee base of around around 1,407 employees. The company generated a revenue of USD 1,053 Million in 2022. Aksa provides raw materials for textiles and technical textiles across a broad spectrum, encompassing various sectors such as carpets, upholstery, sweaters, socks, silk, handwoven products, velvet, rugs, blankets, awnings, and industrial fibers. The Company has an installed production capacity of 355,000 tonnes annually, which is one of the largest in the world. |
Jilin Qifeng Chemical Fiber Company | 1960 | Jilin Qifeng Chemical Fiber Company was established in 1960, headquartered in Jilin City, China. The company has its operations globally and has an employee base of over 11,200 employees. The company generated a revenue of USD 546 Millon in 2022. Their product line encompasses various types of acrylic fibers designed for the production of various application with over 15 different types of from products mimicking animal fiber, flame retardant, and antimicrobial fibers. The Company has an installed production capacity of 380,000 tonnes annually which is the highest globally. |
Indian Acrylics Ltd. | 1993 | Indian Acrylics Ltd was established in 1993, headquartered in Punjab, India. The company has its operations globally and has an employee base of around 2,484 employees. The company generated a revenue of USD 79 Million in 2022. The product range includes staple, tow, and tops in regular and high shrink variations, catering to diverse segments of the textile industry. With applications in garments, work clothing, furnishing fabrics, blankets, carpets, toys, etc., the company has solidified its position as India's largest and most efficient acrylic fiber manufacturer. The Company has an installed production capacity of 47,400 tonnes |
Taekwang Industry | 1950 | Taekwang Industry was established in 1950, headquartered in Seoul, South Korea. The company has its operations globally and has an employee base of around 1,097 employees. The company generated a revenue of USD 1600 Million in 2022. Taekwang is dedicated to the production of high-value-added acrylic products, enhancing global competitiveness in terms of cost and quality. The commitment to excellence is underscored by Oeko-Tex® Standard 100 certification for all ACEPORA acrylic fibers, affirming the company's dedication to environmentally responsible acrylic fiber manufacturing practices. The Company has an installed production capacity of 65,000 tonnes annually |
Global Acrylic Fiber Market Macro-Economic indicators
From 2017 to 2022, the World’s Gross Domestic Product (GDP) experienced an unsteady growth trajectory, starting at $814.8 Tn in 2017 and reaching $1013.3 Tn in 2022. The major reason for this erratic trend is owed to the COVID- 19 pandemic which resulted in complete lockdowns and strong restrictions on global trade which was followed by by strong growth in 2021 to normalization and in levels with growth before 2020.
From 2017 to 2022, the World’s inflation rate has been fairly constant till 2020, starting at 2.3% in 2017 and falling to just 1.9% in 2020 and the taking significant jumps in 2021 and 2022. The Inflation rate for 2022 is around 8% which is the highest in the past decade and is just short of the inflation rate in 2008.
Consumer confidence reflects the overall sentiment of buyers. Higher confidence levels typically result in often leads to increased expenditures on apparel, positively affecting the acrylic fibers market. The Consumer confidence index has been gradually declining from 101 in 2017 to 97.8 in 2022, this decline has majorly occurred starting 2020 due to the decline in GDP and other socio-economic conditions like the pandemic, global layoffs and the ongoing war between Russia and Ukraine.
Acrylonitrile is a key raw ingredient used in the production of acrylic fibers. As the oil and gas industry is a large source of propylene for makers of acrylonitrile, an increase in acrylonitrile prices is anticipated to restrain the expansion of the worldwide acrylic fiber market. The global crude oil prices per barrel have grown at a steep rate since 2020 with a rate of over 25% from 2020 to 2023 resulting in the strong strain on the manufacturer and driving the cost higher.
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