Acrylic fibres are soft and warm, as well as lightweight. They are also resistant to UV deterioration, microbial attack, weak alkalis, and laundry washing. Acrylic fibres have faced stiff competition in recent years from low-cost fibres such as polyester fibres. Polyester fibre is less expensive, has greater raw material availability, and is recyclable. The global export of acrylic fibres has fallen dramatically in recent years, and this trend appears to continue continuing in the near future.
The higher cost of acrylic fiber is the biggest constraint of the market. The cost of acrylic fiber is highly dependent on acrylonitrile (ACN) cost. The volatility of ACN prices makes a huge impact on the demand for acrylic fibers. Despite the recent decline in ACN prices, the prices of acrylic fibers are still higher than the polyester fibers. However, the increasing demand from the apparel industry and the growing application of acrylic fibers in household furnishings sustain the present global acrylic fibers market.
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).
Acrylic fibres are classified into two types based on their form: staple fibres and filament fibres. Staple fibres now account for three-fourths of the total market and are likely to maintain their dominance over the next five years. The fibre type is also expected to expand faster throughout the same time span. Acrylic fibres are produced in two ways: dry spinning and wet spinning. Staple fibre produced using the dry spinning process has a number of advantages, including dimensional stability and distinct length. These fibres are utilised in a variety of products such as carpets, knitwear, and socks. Filament fibres, on the other hand, are continuous strands used to make blankets, gloves, stockings, and wool garments.
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