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Growth Accelerated By Increased Demand For Acrylic Fibers In Apparel Industry

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Sumedha
Growth Accelerated By Increased Demand For Acrylic Fibers In Apparel Industry

Acrylic fibers, also known as synthetic fibers, are manufactured fibers made from a polymer (acrylonitrile) with an average molecular weight of 50,000–100,000. They are known for various advantages like temperature resistance, elasticity, easy care properties, and reasonable cost. Rising demand for affordable apparel and home textiles has boosted the adoption of acrylic fibers across various applications in the textile industry.

The global acrylic fibers Market is estimated to be valued at US$ 5506.6 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Opportunity:

Growing textile industry offers significant opportunities for acrylic fibers market. Rising disposable income coupled with growing demand for affordable clothing in developing regions has led to exponential growth of the textile industry. Acrylic fibers have emerged as a popular substitute to wool due to their soft texture and low maintenance properties. manufacturers are focused on developing new product variants to cater to evolving needs of end use industries such as apparel, home furnishing, and industrial fabrics. Innovation and development of bio-based and recycled acrylic fibers would further augment the market growth over the forecast period.


Porter's Analysis

Threat of new entrants: The acrylic fiber market requires high initial investments for setting up manufacturing plants. Therefore, the threat of new entrants is moderate in this market.

Bargaining power of buyers: The global acrylic fiber market comprises numerous international and domestic buyers. Thus, the bargaining power of buyers is high in this market.

Bargaining power of suppliers: A few large international players dominate the supply of acrylic raw materials. Hence, the bargaining power of suppliers is moderate to high in this market.

Threat of new substitutes: Synthetic and natural fibers are substitutes for acrylic fibers. However, substitutes cannot completely replace acrylic due to their unique performance properties. Thus, the threat of substitutes is moderate.

Competitive rivalry: The global acrylic fiber market is concentrated in nature with the presence of several established players. Therefore, competitive rivalry is intense.

 

SWOT Analysis

Strengths: Acrylic fibers have good moisture absorption, elasticity and insulating properties. They are also affordable and easy to dye.

Weaknesses: Acrylic fibers have low tensile strength and are prone to pilling and fuzzing with wear. Their production also causes environmental pollution.

Opportunities: Growing textile industry and rising demand for affordable apparel offer opportunities for market expansion. Increasing demand for acrylic fibers in industrial and home furnishing applications also provides opportunities.

Threats: Stringent environmental regulations on production can restrict market growth. Volatility in raw material prices also poses a threat.


Key Takeaways


The Global Acrylic Fibers Market Size is expected to witness high growth over the forecast period of 2023-2030. The global acrylic fibers Market is estimated to be valued at US$ 5506.6 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030.


Regional analysis: Asia Pacific holds the major share of the global acrylic fibers market led by China's dominance. China produces about 60% of global acrylic fibers with established production facilities. India is also emerging as a key producer in the region supported by a strong textile sector.


Key players analysis: Key players operating in the acrylic fibers market are Accenture, Appian Corporation, Genpact, Infosys Limited (Infosys BPM), Open Text Corporation, Kissflow Inc., Nintex Global Ltd., Software AG, International Business Machines Corporation, Tata Consultancy Services Limited., and Pegasystems Inc. Major players are focusing on capacity expansion as well as investments in research & development to strengthen their market position.


Get More Insights Here

https://www.newswirestats.com/acrylic-fibers-market-size-share-growth-outlook-2023/


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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.

Eco Fibers Market Size, Drivers, Restraints Challenges, and Growth Opportunities Till 2028
Mariya Ahsan 2022-02-07
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The Eco Fibers Market Report, in its latest update, highlights the significant impacts and the recent strategic changes under the present socio-economic scenario. Get | Download FREE Sample Report of Global Eco Fibers Market @ https://www. Which regional Eco Fibers market shows the highest growth CAGR between 2023 to 2028? What are the opportunities and challenges currently faced by the Eco Fibers market? comPhone: +91 90 28 057900Web:  https://www.
Global Acrylonitrile Market Strategies by Leading Industry Players Forecast to 2027
scudo 2021-06-17
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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.

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
Aramid Fibers Market Report From 2020 To 2026, Application Scope, Growth Drivers And Insights
Anjali Pawar 2023-06-05
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The aramid fibers market is expected to experience robust growth during the forecast period from 2020 to 2026. The application scope of aramid fibers includes protective clothing, electrical insulation, ropes and cables, and ballistic protection. The implementation of aramid fibers in the manufacturing of protective clothing and equipment is also driving market growth. Several factors contribute to the growth of the Aramid Fibers Market, including increasing infrastructure development, rising demand for fuel-efficient vehicles, and stringent safety regulations. The aramid fibers market is expected to witness significant growth in the coming years, driven by the increasing adoption of lightweight and high-strength materials across various industries.
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.
SiC Fibers Market Statistics, Challenges, Industry Analysis
Soffi Clark 2023-03-23
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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. ”Polaris Market Research has added Sic Fibers Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032. Ask Us to Get Your Sample PDF Report on Sic Fibers Market Covering TOC and Regional Analysis @ https://www. In addition, market prospects are given based on global sales and revenue forecast and regional Sic Fibers Market forecast. About Us:Polaris Market Research is a worldwide market research and consulting organization.
Nylon Fibers Market Grow with New Opportunities & Developments by 2030
Santosh Autade 2022-03-24
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By 2025, the nylon fiber market is expected to garner decent market value. The growth dynamics of the textile industry is expected to support the global nylon fiber market expansion in the years ahead. The rise in environmental concerns can restrain the global nylon fiber market surge in the years ahead. In North America, the nylon fiber market can secure substantial share for the worldwide market. com/reports/nylon-fiber-market-2628 About Market Research Future - At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.