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Global Acrylic Fibers Market Is Estimated To Witness High Growth

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Larry Paige
Global Acrylic Fibers Market Is Estimated To Witness High Growth

The global acrylic fibers market is estimated to be valued at US$5,294.3 million in the year 2022 and is expected to exhibit a CAGR of 4.01% over the forecast period of 2023 to 2030, according to a new report published by Coherent Market Insights.

A) Market Overview:

Acrylic fibers are synthetic fibers made from a polymer of acrylonitrile. These fibers possess several advantages such as high strength, resistance to chemicals and sunlight, and excellent thermal insulation properties. They find applications in various industries such as textiles, home furnishings, automotive, and industrial sectors. Acrylic fibers are also preferred as a substitute for wool due to their soft and lightweight nature.

The need for products associated with the acrylic fibers market is driven by the increasing demand for sustainable and environmentally-friendly fibers. Acrylic fibers are recyclable and do not release harmful substances during production or disposal. This makes them an ideal choice for conscious consumers looking for eco-friendly alternatives to natural fibers.

B) Market Key Trends:

One key trend in the global acrylic fibers market is the growing demand for flame-retardant acrylic fibers. With increasing safety regulations in various industries, there is a rising need for fibers that offer fire resistance. Flame-retardant acrylic fibers are widely used in the automotive and aerospace sectors, where fire safety is a critical requirement. These fibers provide excellent flame resistance and are self-extinguishing, making them an ideal choice for applications where fire protection is paramount.

For instance, Dralon, one of the key players in the market, offers a range of flame-retardant acrylic fibers that meet stringent safety standards. These fibers find applications in upholstery fabrics, curtains, and protective clothing.

C) PEST Analysis:

Political: The political landscape plays a crucial role in the acrylic fibers market. Government regulations and policies regarding environmental sustainability and worker safety impact the production and usage of acrylic fibers. Stringent regulations on chemical usage and waste disposal may affect the manufacturing processes of acrylic fibers.

Economic: Economic factors such as GDP growth, disposable income, and consumer spending patterns influence the demand for acrylic fibers. The growth of end-use industries such as textiles and automotive determines the market potential for acrylic fibers.

Social: Social factors like changing consumer preferences towards eco-friendly products and increasing awareness about sustainable fashion drive the demand for acrylic fibers. Consumers are becoming more conscious of the environmental impact of their choices and are opting for fibers that are responsibly sourced and manufactured.

Technological: Technological advancements in fiber production, such as the development of new spinning techniques and improvements in dyeing processes, contribute to the growth of the acrylic fibers market. Innovations in flame-retardant coatings and additives also enhance the properties of acrylic fibers, expanding their application areas.

D) Key Takeaways:

- The global acrylic fibers market is expected to witness high growth, exhibiting a CAGR of 4.01% over the forecast period, due to the increasing demand for sustainable and environmentally-friendly fibers.

- In terms of regional analysis, Asia Pacific is projected to be the fastest-growing and dominating region in the acrylic fibers market. The region is witnessing rapid industrialization, urbanization, and an increase in disposable income, leading to a surge in demand for textiles and other consumer goods.

- Key players operating in the global acrylic fibers market include Aksa Akrilik Kimya Sanayii A.S.(Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fibre Company, Taekwang Industrial Co., LTD, Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd. These players focus on research and development activities to introduce new and innovative products to cater to the growing demand in the market.

In conclusion, the global acrylic fibers market is expected to witness significant growth driven by the increasing demand for sustainable and environmentally-friendly fibers. The market is characterized by the trend of flame-retardant acrylic fibers and is influenced by political, economic, social, and technological factors. Asia Pacific is anticipated to be the fastest-growing region, while key players in the market continue to innovate and introduce new products to meet consumer demands.

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Global Acrylonitrile Market | Key Market Dynamics, Drivers, Restraints, Opportunities, Future Trends, and Growth Outlook 2027
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Market Analysis and Insights:- Global Acrylonitrile MarketGlobal Acrylonitrile Market, By Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Others), End- User Industry (Automotive, Electrical & Electronics, Construction, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel,Rest of Middle East and Africa), Industry Trends and Forecast to 2027 Market Analysis and Insights: Global Acrylonitrile MarketAcrylonitrile market will register this growth at a rate of 4.1% for the forecast period of 2020 to 2027.Increasing demand for acrylic fibers manufactured from acrylonitrile is expected to create new opportunity for the market.Increasing application of acrylonitrile in different applications such as construction, pharmaceutical, construction, packaging and other is expected to enhance the market growth.

Some of the other factors such as growth in electrical & electronics industry, rising usage of plastics in automobile to decrease the overall weight of the vehicles, growing demand from construction activities, and increasing demand for bio- based acrylonitrile produced using renewable feedstock is expected to accelerate the acrylonitrile market in the forecast period of 2020 to 2027.Get More Insight About the Global Acrylonitrile Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-acrylonitrile-marketIncreasing usage of low cost polyester fiber in textile is expected to hamper market growth in the mentioned forecast period.This acrylonitrile market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.

To gain more info on Data Bridge Market Research acrylonitrile market contact us for an Analyst Brief,our team will help you take an informed market decision to achieve market growth.Global AcrylonitrileMarket Scope and Market SizeAcrylonitrile market is segmented of the basis of application and end-user industry.

The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.On the basis of application, the acrylonitrilemarket is segmented into acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene, acrylamide, carbon fiber, nitrile rubber and others.Based on end-user industry, the acrylonitrile market is segmented into automotive, electrical & electronics, construction, packaging and others.Acrylonitrile Market Country Level AnalysisAcrylonitrile market is analysed and market size, volume information is provided by application and end- user industry as referenced above.The countries covered in the acrylonitrile market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.Know More Insight About this Report @ https://www.databridgemarketresearch.com/reports/global-acrylonitrile-marketAsia-Pacific dominates the acrylonitrile market in forecast period of 2020 to 2027 due to increasing demand for acrylic fibers from apparel and home furnishing industry in the region.The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market.

Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.

Aramid Fibers: Weaving the Future of Textiles and Beyond
Anjali Pawar 2023-05-31
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These incredible fibers, known for their high strength and versatility, have opened new doors for innovation in the textile industry and beyond. Moreover, aramid fibers have made their mark in the world of high-performance sports. But the impact of Aramid Fibers doesn't stop at textiles. By reinforcing polymers, aramid fibers contribute to the creation of lightweight, durable, and energy-efficient structures, from aerospace components to automotive parts. As the future unfolds, aramid fibers continue to push the boundaries of what is possible in textiles and beyond.
Synthetic fibers are man-made fibers created through chemical synthesis, rather than natural human fibers obtained directly from living tissues
Shivani 2021-12-01
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They are therefore different from natural proteins and can thus cause allergic reactions, including hypersensitivity reactions. Moreover, they cannot withstand harsh weather conditions and are more difficult to clean than natural fibers. In addition, as they are artificial, these fibers can be more slippery than natural human hairs. com/blog/Synthetic-Fibers-are-mostly-used-in-the-textile-industry-owing-to-their-strong-chemical-bonding-properties. html
High Performance Fibers Have The Benefit Of Being Lighter Than Other Materials Like Metals And Plastics
sachin sadgir 2022-11-25
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Industrial fibers that have been designed with strength, flexibility, and temperature tolerance in mind are known as high-performance fibers. Carbon fiber, aramid fiber (Kevlar), glass fiber, or polyphenylene sulfide can all be used to create high-performance fibers (PPS). The less the number, the better is the fiber; the high the number, the high is the fiber. In the aerospace and defense sectors, High Performance Fibers are employed as insulation for the aircraft, missile casings, and other military hardware. Tennis racquets, golf clubs, and polo mallets have all been made using fabrics made of high-performance fibers for sporting products.
Acrylic Resins Market Demand, Growth Rate, Opportunities and Forecast Analysis
Delvens 2024-04-15
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The report brings into light key industry trends, market size, market share estimates, and sales volume that assist Chemicals & Materials industry to speculate the strategies to enhance return on investment (ROI). Key players in the global acrylic resins market are Dow, BASF SE, Arkema, Mitsubishi, Nippon Shokubai, DSM, Mitsui Chemicals, Showa Denko Materials, DIC Corporation, and Sumitomo among others. The global acrylic resins market is anticipated to reach USD 22. Boost in infrastructural and construction activities, a surge in demand for coatings from end-use industries are some of the factors that have supported long-term expansion for the Acrylic Resins market. com/checkout/acrylic-resins-marketAbout Us:Delvens is a strategic advisory and consulting company headquartered in New Delhi, India.
SiC Fibers Market Overview and Forecast from 2022-2030
gogo 2022-06-28
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“According to the research report published by Polaris Market Research, the Global Sic Fibers Market Size Is Expected To Reach USD 1,930. The report delivers comprehensive intelligence studies that explore almost every aspect of the worldwide Sic Fibers Market. CAGR values are estimated and given in the global Sic Fibers Market report.  Competitive Landscape Analysis:The global Sic Fibers Market competitive landscape is featured to provide details on competitors. About Us:Polaris Market Research is a worldwide market research and consulting organization.
Foam Core Acrylic Market set for substantial growth due to rising demand of lightweight and durable materials
naufan 2024-01-04
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The global foam core acrylic market is estimated to be valued at US$ 97. Moreover, foam core acrylics can be fabricated into complex shapes and designs using routing and thermal bending techniques. Segment Analysis The global foam core acrylic market is dominated by the signage sub-segment. Regional analysis Asia Pacific dominates the global foam core acrylic market and is expected to maintain its dominance over the forecast period. Rapid infrastructural development and economic growth in countries such as China and India are driving the demand for foam core acrylic sheets in the region.
Cellulose Fibers Market Growth Analysis in Diversified Chemicals Industry | DBMR
Ispita Smith 2021-12-08
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Few of the prominent features used while generating this international Cellulose Fibers Market research report include highest level of spirit, practical solutions, committed research and analysis, modernism, integrated approaches, and most up-to-date technology. Top Key Players of this Global Cellulose Fibers Market –LENZING AG, Kelheim Fibers GmbH, Grasim, Fulida Group Holding Co. dbmr=global-cellulose-fibers-marketCellulose Fibers Market ScenarioAccording to Data Bridge Market Research cellulose fibers market is witnessing a significant growth in developed economies during the forecast period of 2021-2028 due to factors such as, rising disposable income and growth in population, prevailing demand for technical textiles and favourable government policies and increasing awareness among the consumers for skin-friendly apparel driving the market swiftly. Now the question is which are the other regions cellulose fibers market is targeting? The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the cellulose fibers market.