Synthetic fibers known as acrylic are composed of polyacrylonitrile, a polymer that contains at least 85% acrylonitrile monomer.  Originally created as a wool substitute in the middle of the 20th century, these fibers provide a comparable warmth and texture while also being lightweight and resistant to environmental influences.  Because of their well-known softness, warmth, and durability, acrylic fibers can be used for a variety of purposes, especially in the textile and clothing sectors.  They are a popular choice for knitwear, sweaters, socks, and blankets because of their exceptional ability to replicate the feel and appearance of wool. Additionally, their vibrant dye-absorbing capacity guarantees long-lasting color in finished products. 

The global acrylic fibers market is primarily driven by increased demand from the textile and apparel industries, particularly in emerging economies where urbanization and rising disposable incomes are fueling the consumption of low-cost, wool-like clothing materials.  Acrylic fibers are popular because of their softness, durability, and colorfastness, making them suitable for garments, blankets, and home textiles.  Furthermore, their resistance to UV radiation, chemicals, and moisture has increased their popularity in outdoor fabrics and industrial applications like awnings and upholstery.  The growing popularity of blended fabrics, which combine acrylic fibers with natural or other synthetic fibers to improve functionality and lower costs, has helped to drive market growth.

The growth and long-term sustainability of the global acrylic fibers market are hampered by a number of important issues. One of the main challenges is the high reliance on acrylonitrile, a petroleum-derived raw material, which makes acrylic fiber production vulnerable to fluctuations in crude oil prices and supply disruptions.  Furthermore, regulatory bodies and environmental groups have expressed concern about the non-biodegradable nature of acrylic fibers and their contribution to microplastic pollution, resulting in stricter regulations and increased pressure on manufacturers to adopt cleaner technologies.  Other synthetic fibers, such as polyester and nylon, which often provide better performance characteristics at lower costs, as well as natural fibers such as cotton and wool, which are perceived as more sustainable, also compete fiercely in the market.

Aside from rising textile demand and sustainability concerns, a notable trend in the global acrylic fibers market is the growing use of specialty acrylic fibers with enhanced functionalities such as flame retardancy, anti-pilling, and improved thermal insulation, which are gaining popularity in technical textiles and industrial applications.  Furthermore, the rise of e-commerce platforms has had a significant impact on retail textile consumption patterns, indirectly increasing acrylic fiber demand through faster product availability and a larger market reach.  There is also increased R&D investment in bio-based acrylonitrile as a sustainable raw material substitute.

Aditya Birla Management Corporation Pvt. Ltd., Aksa Akrilik Kimya Sanayii AS, China Petrochemical Corporation (Sinopec), Dralon, Formosa Plastics Corporation, Indian Acrylics Limited, Japan Exlan Co. Ltd., Jiangsu Zhongxin Resources Group, Kaltex and Kaneka Corporation are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.

By Type: Based on the Type, Global Acrylic Fibers Market is segmented as; Wet Spinning Acrylic Fibres, Dry Spinning Acrylic Fibres.

By Application: Based on the Application, Global Acrylic Fibers Market is segmented as; Garment Industry, Home Textiles, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.