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Global acrylic fiber market worth USD 6.18 billion by the year 2024 illuminated by new report

Global acrylic fiber market worth USD 6.18 billion by the year 2024 illuminated by new report

The Report "GLOBAL ACRYLIC FIBER MARKET SEGMENTATION BY FORM, BY BLENDING, BY APPLICATION, BY GEOGRAPHY (ASIA PACIFIC, NORTH AMERICA, EUROPE, MIDDLE EAST AND AFRICA, SOUTH AMERICA), BY COMPANY PROFILE, FORECAST AND ESTIMATION 2018-2024".

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The Global Acrylic Fiber market Share is estimated to grow up to USD 6.18 Billion by 2024 at a CAGR of 3.5% from 2018-2024. The factors enhancing the growth of Global Acrylic market include inflating demand in blending applications and use of acrylic fiber in manufacturing boat covers, carpets, outdoor furniture, awnings,.

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Staple fiber contribute to the most significant share in Global Acrylic Fiber market

By fiber form, the market is segmented into staple and filament fiber. Among these, the staple fiber is expected to have a high growth in the demand for Acrylic fiber.

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The staple fiber will have a high growth of the market during the forecast period.  The synthetic fibers like nylon and polyester are considered as filament fibers.

The natural fiber silk is also a filament fiber, but when filament fibers are cut short, they are called as staple fibers. By blending the market is segmented into cotton, wool, and others.

Among these, the cotton blending dominates the market for Acrylic fiber during the forecast period. The blended cotton fabrics have high growth in the acrylic fiber market due to increased consumer demand for styling, comfort and natural fibers. 

Apparels are expected to have a considerable growth during the forecast period

By application, the market is segmented into house-hold furnishing, industrial, clothing and others. Among these, the apparels end-user segment has the highest market share in the Acrylic fiber market.

The attributes enhancing the growth of apparel industry in demand for Acrylic fiber include changing lifestyle, changing climatic conditions and increase in standard of living. The apparel industry of acrylic fiber consists of children wear, sweaters, fleece wear, socks, circular knit apparel and sportswear among others.

The market is also predicted to notice the high consumption of acrylic fiber in household furnishing is achieved by the rise in per capita income and development in furniture industry during the forecast period.

The Asia Pacific is observed to hold a considerable market for Acrylic fiber

In recent years there has been a growing demand for Acrylic fibers and Asia-Pacific will record the highest growth of the market during the forecast period followed by the Middle East and Africa. The main reason for this growth is because of thriving demand for acrylic fibers and increasing number of acrylic fiber manufacturers.

The pivotal players in the Global Network Analytics market include Aksa AkrilikKimyaSanayii A.Ş. (Turkey), Taekwang industrial co. Ltd. (South Korea), Indian Acrylics Limited (India), Vardhman Acrylics Ltd. (India), Aditya Birla Group (India), Exlan Japan Co. Ltd. (Japan), Jilin Chemical Fiber Group Company (China), Kaneka Corporation (Japan) and PasupatiAcrylon Ltd. (India).

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Scope Of The Report

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin. Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

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