# Global Acrylic Fibers Market (2023-2030) --- ## Report Summary The Global Acrylic Fibers Market is projected to surpass USD 5.0 billion by 2031, driven by sustainable fibers and growth in textiles. Discover market forecasts, trends, and competitive analysis. --- ## Global Acrylic Fibers Market Table of Content Table of Content - 1. Global Acrylic Fibers Market Overview? - 1.1. Market Highlights? - 1.2. Global Acrylic Fibers Market Taxonomy? - 2. Global Acrylic Fibers Market Ecosystem? - 3. Global Acrylic Fibers Market Size (in USD Bn), 2017-2023? - 4. Global Acrylic Fibers Market Segmentation, 2023 - 4.1. Global Acrylic Fibers Market Segmentation by form (in USD Mn), 2023? - 4.2. Global Acrylic Fibers Market Segmentation by Blend (in USD Mn), 2023? - 4.3. Global Acrylic Fibers Market Segmentation by Application (in USD Mn), 2023? - 4.4. Global Acrylic Fibers Market Segmentation by Production Process (in USD Mn), 2023? - 4.5. Global Acrylic Fibers Market Segmentation by Dyeing (in USD Mn), 2023? - 4.6. Global Acrylic Fibers Market Segmentation by Region (in USD Mn), 2023? - 5. Global Acrylic Fibers Market Competitor Analysis? - 5.1. Global Acrylic Fibers Market Share (in%), 2023 - 5.2. Global Acrylic Fibers Market Company Profile - 5.3. Global Acrylic Fibers Market Players Cross-Comparison, 2023 - 6. Global Acrylic Fibers Industry Analysis? - 6.1. Growth Drivers in Global Acrylic Fibers Market? - 6.2. Challenges in Global Acrylic Fibers Market? - 6.3. Recent developments in Global Acrylic Fibers Market ? - 7. Global Acrylic Fibers Future Market Size (in USD Bn), 2023-2030? - 8. Global Acrylic Fibers Future Market Segmentation, 2030? - 8.1. Global Acrylic Fibers Market Segmentation by form (in USD Mn), 2030? - 8.2. Global Acrylic Fibers Market Segmentation by Blend (in USD Mn), 2030? - 8.3. Global Acrylic Fibers Market Segmentation by Application (in USD Mn), 2030? - 8.4. Global Acrylic Fibers Market Segmentation by Production Process (in USD Mn), 2030? - 8.5. Global Acrylic Fibers Market Segmentation by Dyeing (in USD Mn), 2030? - 8.6. Global Acrylic Fibers Market Segmentation by Region (in USD Mn), 2030 - 9. Global Acrylic Fibers Market Opportunities and Future Trends? - 10. Global Acrylic Fibers Market Macro Indicators ? - 10.1. Global GDP and GDP Growth Rate,2017-2023? - 10.2. Global Inflation Rate, 2017-2023? - 10.3. Global Customer Confidence Index, 2017-2023? - 10.4. Average Annual Global Crude Oil Price per Barrel, 2017 – 2022 (in USD) ? ? - 11. Global Acrylic Fibers Market Research Methodology? - 11.1. Global Acrylic Fibers Market Definitions - 11.2. Global Acrylic Fibers Market Sizing Approach - 11.3. Global Acrylic Fibers Market Consolidated Research Approach? --- ## Taxonomy | ID | Parent ID | Label | | --- | --- | --- | | 1 | | Global Acrylic Fibers Market | | 2 | 1 | Form | | 3 | 2 | Staple | | 4 | 2 | Filament | | 5 | 1 | Blend | | 6 | 5 | Wool | | 7 | 5 | Cotton | | 8 | 5 | Viscose | | 9 | 5 | Nylon | | 10 | 1 | Application | | 11 | 10 | Textile & Apparel | | 12 | 10 | Furniture and Upholstery | | 13 | 10 | Others | | 14 | 1 | Production Process | | 15 | 14 | Wet-Spinning | | 16 | 14 | Dry-Spinning | | 17 | 1 | Dyeing | | 18 | 17 | Dyed | | 19 | 17 | Undyed | | 20 | 1 | Region | | 21 | 20 | North America | | 22 | 20 | Europe | | 23 | 20 | Asia-Pacific | | 24 | 20 | Africa | --- ## Global Acrylic Fibers Market Ecosystem ### Market Ecosystem **Ecosystem of Global Acrylic Fibers Market** The Global Acrylic Fibers Industry comprises of entities such as raw fiber manufacturers, various fiber consumers such as clothing brands and regulatory authorities. --- ## 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 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 Industry Analysis ### Global Acrylic Fibers Market Growth Drivers The rising demand for acrylic fibers in the textile industry is driven by their cost-effectiveness, versatility, and superior properties. Acrylic fibers offer a cost advantage over natural fibers, making them attractive for affordable textile production. Their lightweight nature, warmth, and colorfastness contribute to their popularity in winter wear and fashion textiles. Notably, China and India are poised for substantial industry growth, with significant investments. Initiatives like India's US$1.44 billion Production Linked Incentive (PLI) schemes have supported the country's textile manufacturers. China's textile firms reported a 25.4% YoY profit increase in 2021, and garment exports reached a record US$315.5 billion. The surge in the sport and outdoor apparel market is a significant growth driver for the global acrylics market. Acrylic fibers, known for their durability, lightweight nature, and weather resistance, are favored in the production of performance textiles for activewear. The demand for comfortable, colorfast, and versatile fibers aligns with consumer preferences, contributing to the increasing adoption of acrylics in sport and outdoor apparel. This trend is reinforced by the growth in outdoor activities, globalization of sportswear brands, and ongoing innovations in acrylic fiber technology.? The ascent of the furniture market serves as a compelling driver for global economic growth. Fueled by factors such as urbanization, evolving lifestyle preferences, and increased disposable income, the demand for furniture experiences a noteworthy upswing. This growth extends across residential, commercial, and hospitality sectors, propelling innovation and diversity in furniture design. As consumers seek functional and aesthetically pleasing furnishings, manufacturers are compelled to explore materials like acrylic fibers for upholstery and textile components. The symbiotic relationship between the rise in the furniture market and the utilization of materials like acrylic fibers contributes significantly to the overall expansion and dynamism of the global furniture industry. ### Global Acrylic Fibers Market Recent Developments **AKSA** In March 2022, AKSA unveiled plans to boost its annual production capacity from 330 kilotons to 365 kilotons by investing in two new production lines. With a budget of USD 24 million, the project is set to be completed and commissioned within 15 months.? **DBT Fiber** In January 2021, Dutch clean-tech startup, The Movement, partnered with Italy's DBT fiber to promote eco-friendly Polylana Fiber in the European fashion market. This low-impact alternative to acrylic and wool uses less resources, maintains acrylic characteristics, and ensures 100% traceability through tracer particles and blockchain technology.? **Aditya Birla Group** In January 2021, Thai Acrylic fiber Co. Ltd (TAF), a member of the Aditya Birla Group, became a system partner with Bluesign after passing a rigorous screening process in 2020. The evaluation encompassed various criteria, including input stream management, environmental practices, occupational health and safety, product stewardship, legal compliance, and social responsibility. **Radianza** In March 2021, Thai Acrylic Fiber (TAF) expanded its Radianza range with 20 new shades, totaling over 200 options. The eco-friendly fiber, created using gel-dyeing technology, minimizes resource use and pollution. Radianza's life cycle analysis indicates significant water, carbon dioxide, and energy savings, making it a sustainable choice for garment production.? **Regel™** In May 2022, Thai Acrylic fiber Co. Ltd. (TAF), a division of the Aditya Birla Group, has introduced a recycled acrylic fiber named Regel™. This sustainable fiber, crafted from recycled acrylic waste, has earned the Global Recycled Standards (GRS) certification.? **Dralon** In April 2023, Dralon announced the signing of a contract with Vardhman Textiles Limited, an Indian company, for the supply of acrylic fiber intended for the production of home textiles. The agreement spans five years and holds a value of €100 million. **Montefiber** In February 2023, Montefiber reported entering into a contract with the Italian company ENI to provide acrylic fiber for the manufacturing of industrial textiles. The agreement is set for a three-year duration and holds a value of €50 million. ### Global Acrylic Fibers Market Challenges **Fluctuations in Raw Material Prices and Price Sensitivity of End-Users** The fluctuations in raw material prices pose a significant constraint on the acrylic market. Given the heavy reliance on acrylonitrile, sourced from propylene, amplifying vulnerability to fluctuations in petrochemical prices and availability. As a petrochemical-based product, acrylic fibers are influenced by volatile crude oil and natural gas prices. Additionally, the industry contends with robust competition from cost-effective alternatives, including polyester and nylon, in the textile sector. Overcoming this challenge demands strategic approaches to mitigate raw material dependency risks, optimize production costs, and address the price sensitivity of end-users while sustaining competitiveness amid alternative fiber options.? **Environmental Sustainability Challenge** The acrylic fibers market confronts a pivotal challenge driven by changing consumer preferences favoring sustainable and eco-friendly products. To align with evolving expectations, manufacturers must invest significantly in research and development to enhance the environmental profile of acrylic fiber production processes. This necessitates innovative approaches to minimize environmental impact. Moreover, the industry faces the formidable task of navigating intricate regulatory frameworks governing chemical production, environmental standards, and workplace safety. The challenge lies in achieving a harmonious balance between meeting regulatory compliance and meeting the growing demand for sustainable practices within the acrylic fibers market. --- ## Global Acrylic Market Company Profile | Year | Company | Description | | --- | --- | --- | | 1987 | Thai Acrylic fiber Co. Ltd. (Subsidiary of Aditya Birla Group) | 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? | | 1972 | SINOPEC? | 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 | | 1968 | Aksa Akrilik Kimya Sanayii | 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. ? | | 1960 | Jilin Qifeng Chemical Fiber Company? | 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.? | | 1993 | Indian Acrylics Ltd. | 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 | | 1950 | Taekwang Industry? | 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 Fibers Market Future Outlook ### Global Acrylic Fibers Market Future Outlook by Revenue, 2022-2030 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 Fiber Market Macro-Economic indicators? ### Global Gross Domestic Produce and Growth Rate, 2017 – 2022 (USD Tn)? 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. ? ### Global Inflation Rate, 2017 – 2022 (in %)? 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 Index, 2017-2023 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. ? ### Average Annual Global Crude Oil Price per Barrel, 2017 – 2022 (in USD)? 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. --- ## Frequently Asked Questions Find quick answers to common questions about the Global Acrylic Fiber Market **Q: . How big is Global Acrylic Fibers Market??** A: The Global Acrylic Fibers market, valued at USD 5.51 Bn in 2023, rising with a Compound Annual Growth Rate (CAGR) of 3.77% from 2017 to 2022.? **Q: Who are the major players in Global Acrylic Fibers Market??** A: The Global Acrylic Fibers Market is fragmented with presence of certain large established players in the market. Some of well-established players in this market are Aditya Birla Group (Thai Acrylic fiber Co. Ltd.), Aksa Akrilik Kimya Sanayii, Jilin Qifeng Chemical Fiber Company, Indian Acrylics Ltd, Taekwang Industry, Exlan Japan Co. Ltd., and SINOPEC? **Q: What are the factors driving Global Acrylic Fibers Market??** A: The Acrylic fibers market is poised to see a strong growth curve due to various factors such as rising demand for apparel, sporting wear, upholstery and furniture? **Q: What is the future of Global Acrylic Fibers Market??** A: Global Acrylic Fibers Market is expected to reach USD 7.08 Bn by 2030 with a projected CAGR of 3.56% between 2023-2030.?