The Acrylic Fibers Market is expected to witness significant growth in the coming years due to the increasing demand for lightweight and durable fibers in various end-use industries such as textiles and apparels. Additionally, the growing preference for synthetic fibers over natural fibers is driving the market growth. Moreover, the rising use of acrylic fibers in home furnishing and automotive industries is expected to further boost market growth.
Industry
Report Coverage | Details |
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Segments Covered | Fiber Type, Application, End-use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Aksa Akrilik Kimya Sanayii A., Dralom., Aditya Birla Group., Jilin Chemical Fiber Company., TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co.., Kaneka., Indian Acrylics Limited. |
The Acrylic Fibers Market faces certain restraints that could hinder its growth prospects. A primary hindrance is the volatility in raw material prices, which can impact the production cost of acrylic fibers. Another restraint for the market is the increasing competition from other synthetic fibers such as polyester and nylon, which offer similar properties at a lower cost.