Market Size of Acrylic Fiber Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.68 Billion |
| Market Size (2029) | USD 2.38 Billion |
| CAGR (2024 - 2029) | -2.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acrylic Fiber Market Analysis
The Acrylic Fiber Market size is estimated at USD 2.68 billion in 2024, and is expected to decline to USD 2.38 billion by 2029.
The market was negatively impacted by COVID-19 in 2021, as the pandemic resulted in the slowdown of businesses, products, and manufacturing facilities, resulting in less economic activity. However, the market is excepted to recover during the forecasting period.
- Over the medium term, the major factor driving the growth of the market studied includes the high demand for the use of apparel.
- On the flip side, the availability of substitutes like polyester and stringent regulations worldwide on the production of acrylic fiber are expected to hinder the growth of the market.
- By form, the filament segment accounted for the largest market share, and it is expected to grow during the forecast period.
- Asia-Pacific dominated the acrylic fiber market due to high demand from the ASEAN countries and India.
