Acrylic Fibers Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.

Los Angeles, CA -- (SBWire) -- 04/11/2019 --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". 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.

During past five years, global demand varied from 2042.1 K MT in 2013 to 1850.8 K MT in 2018, with a CAGR of -1.95%. Also China and Europe are two major production regions. China is the largest consumption region. In 2017, China consumed about 895.1 K MT with a consumption share of 48.36%. In the future, we predict that global demand will continue to increase. By 2024, global consumption will be 1917.6 K MT. The global Acrylic Fibers market was 4270 million US$ in 2018 and is expected to 4840 million US$ by the end of 2025, growing at a CAGR of 1.8% between 2019 and 2025.

This report studies the Acrylic Fibers market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Acrylic Fibers in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

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

By the product type, the market is primarily split into

Wet Spinning

Dry Spinning

By the end users/application, this report covers the following segments

Garment Industry

Home Textiles

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