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Acrylic Fibers Market PPT

Acrylic fiber are man-made fiber that are composed of acrylonitrile and a monomer and is almost resemble to wood in its feature. Basically, the co-monomer is applied to acrylic fiber in order to enhance the texture of the fabric. It is produced via two process: dry spinning and wet spinning.

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Acrylic Fibers Market PPT

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. ACRYLIC FIBERS MARKET ANALYSIS • Acrylic Fibers Market, By Dyeing Method (Acid, Gel, Undyed), By Fiber Form (Staple, Filament), By Blending (Wool, Cotton, and Others), By End Use (Apparels, Home, Furnishing, Industrial, Outdoor), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Acrylic Fiber Market 2017–2027 Definition of Market/Industry: Acrylic fibers are also known as synthetic fibers which consist of almost 85% acrylonitrile monomer in their chemical composition. They are widely used across various industrial applications such as apparel, home furnishing, industrial, etc. It can be used as 100% pure, or in combination with other natural and synthetic fibers.  The global acrylic fiber market was valued at US$ 4,587.8 Mn in 2018 and is anticipated to reach USD 6,225.2 Mn by the end of 2027, growing at a CAGR of 3.9% during the forecast period (2019 to 2027). Drivers: Rising demand from the textile industry is anticipated to generate higher revenue for acrylic fibers over the next coming years. Acrylic fibers are used to offer natural aesthetic fabrics owing to their capability of adapting multi-color dyes in clear, bright, and muted tones. Moreover, they have excellent resistance to weak alkalis, UV degradation, and microbiological attack. Various properties offered by acrylic fiber is projected to boost the demand for acrylic fibers from textile industry. Furthermore, growing demand from various industrial applications such as home furnishing, apparel, and other industrial application is further projected to propel the market growth. 

  4. Figure 1. Global Acrylic Fibers Market Share, By Region, 2018 Asia Pacific region dominated the global acrylic fibers market in 2018, accounting for 59.7% share in terms of revenue, followed by Middle East & Africa and Europe, respectively.

  5. Market Restraints The fluctuating price of the material compelling manufacturer to opt for an alternative such as polyester, nylon, cellulose, etc. is expected to curb the market growth of acrylic fibers.  Increasing termination of various production units across the various region such as the U.S. & Europe due to intense competition especially from polyester fibers is also projected to hamper the market growth of acrylic fibers.  Market Opportunities The rising number of research and development activities around the globe for developing enhanced and modified characteristics of acrylic fiber is expected to offer immense growth opportunities to the market of acrylic fiber.  Ongoing developments in acrylic fiber such as weather-resistant, flame-retardant acrylic fiber, and anti-microbial acrylic fiber are also expected to offer new growth opportunities to the market over the forecast period. For instance, in September 2018, Thai Acrylic Fibre Co. (Aditya Birla Group) and Bulliontex Co. Ltd. have announced a partnership to offer quality outdoor fabrics to the Thailand market. These fabrics, made with Thai Acrylic Fibre Co.’s Durashin fiber are used for awnings, outdoor furniture, and marine fabrics. Through this arrangement, these fabrics will be locally available throughout Thailand.

  6. Figure 2. Global Acrylic Fibers Market - Opportunity Analysis

  7. Market Trends/Key Takeaways In Europe, rising acquisition of production units of acrylic fiber unit is a key trend observed in the market, especially in Japan. For instance, In May 2015, Praedium, a producer of yarn & fabrics, has acquired Spain based acrylic fiber manufacturer Montefibre Hispania SA The growing developing of advanced technologies for the manufacturing of acrylic fiber in the Asia Pacific region, especially in China and India is a major trend observed in the region. For instance, in 2015, China-based manufacturer Jilin Qifeng Chemical Fiber Co., Ltd developed the differentiated acrylic fiber technology. In differentiated acrylic fiber technology, fibers are differentiated by infrared spectroscopy. Further, the differentiated acrylic fiber technology enhances the value of colorless acrylic fibers which helps to better assess their significance.

  8. Figure 3. Global Acrylic Fibers Market Share, By End Use, 2018 Based on end use, the acrylic fibers market is divided into apparel, home furnishing, industrial, and outdoor. In 2018, apparel segment accounted for the largest revenue share of 58.2%, followed by home furnishings and outdoor segment. 

  9. Competitive Section: • Company Profiles • AksaAkrilikKimyaSanayii A.?.(Aksa) • Dralon • Aditya Birla Group • Jilin Chemical Fibre Company  • TAEKWANG INDUSTRIAL CO., LTD • Exlan Japan Co., Ltd. • Kaneka Corporation • Indian Acrylics Limited • PasupatiAcrylon Ltd. • Vardhman Acrylics Ltd • Recent developments: • Aksa concentrated on active marketing activities in the domestic market thus maintaining its strong customer base. The company has a record-high capacity utilization rate of 98% which substantially raised its sales amount • In May 2019, AksaAkrilik and Bossa's produces first acrylic fiber denim fabric that is antibacterial, flexible, soft and warm-cool properties

  10. Request Sample Report • Request Customization • Download PDF brochure • Talk To Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/acrylic-fibers-market-3130

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

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