Acrylic Fiber Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

Acrylic Fiber Market Research Report- Forecast to 2023 The Global Acrylic Fiber Market is expected to progress at a steady 1.38% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report predicts the Global Acrylic Fiber Market to reach a valuation of more than USD 5 billion by The growing apparel industry could provide a steady boost to the Global Acrylic Fiber Market over the forecast period. Acrylic fibers are used in a wide variety of specialty industrial apparel due to their high electrical resistance, which is likely to remain a key application for the Acrylic Fiber Market over the forecast period. The growing industrial applications in Asia Pacific and other emerging regions could prove to be a valuable refuge for the Global Acrylic Fiber Market over the forecast period. However, the Global Acrylic Fiber Market is on the decline due to the growing demand for substitutes that are more environmentally viable and more widely usable. Acrylic Fibers are made from polyacronitrile, a petroleum byproduct. The growing awareness about the scarcity of petroleum resources and the growing emphasis on finding solutions that satisfy both the need for the expansion of human endeavor and environmental requirements is likely to lead to a slow decline of the Acrylic Fibers Market over the forecast period and beyond. Acrylic Fiber Market - Overview

Acrylic Fiber Market Research Report- Forecast to 2023 The Global Acrylic Fiber Market has been segmented based on Form, Blending, End User and Region. By Form, the Global Acrylic Fiber Market is segmented into staple and filament. The staple segment accounted for a share of more than two-thirds in the Global Acrylic Fiber Market in 2016 and is likely to remain the dominant revenue generator over the forecast period. The staple segment is expected to exhibit a strong 1.49% CAGR over the forecast period. By Blending, the Global Acrylic Fiber Market is segmented into cotton, wool, and others. The wool segment is expected to account for the dominant share in the Global Acrylic Fiber Market, accounting for a valuation of USD 2.9 billion by the end of the forecast period. The wool segment is expected to exhibit a strong 1.43% CAGR over the forecast period. By End Use, the Global Acrylic Fiber Market is segmented into apparel, household furnishing, industrial, and others. The apparel segment holds the dominant share in the Global Acrylic Fiber Market and is expected to account for a valuation of more than USD 3.8 billion by the end of the forecast period. View Full Press Segmental Analysis

Acrylic Fiber Market Research Report- Forecast to 2023 Regional Outlook Asia Pacific dominates the Global Acrylic Fiber Market due to the strong presence of the apparel industry in the region. The Asia Pacific market for Acrylic Fiber was valued at more than USD 2.8 billion in 2016 and is expected to exhibit growth at a robust CAGR of 1.61% over the forecast period. China is the leading producer of Acrylic Fibers in Asia Pacific and is likely to hold onto the mantle over the forecast period due to steady growth of the acrylics manufacturing sector in the country.

Acrylic Fiber Market Research Report- Forecast to 2023 Major Players in this Research Acrylic Fiber Market Prominent Players: Aksa Akrilik Kimya Sanayii A.S. Jilin Qifeng Chemical Fiber Co. Ltd. Kaltex Pasupati Acrylon Limited Formosa Plastic Group Polymir Sinopec Indian Acrylics Limited Thai Acrylic Fiber Co. Ltd. Dralon Get a Free

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