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Global Acrylic Fiber Market Size 2021 with Top Countries Data And Covid-19 Analysis -Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast
Posted on May 5 2021 5:08 AM
"Summary: This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
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Global '' ” research report 2021 analyzed in detail all the vital data to frame tactical business judgments and propose strategic growth plans. The Acrylic Fiber market growth is expected to register a CAGR of 1.94% during the forecast period. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Also report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The report gives - Who are the global key players in this Acrylic Fiber market? What are their company profile, their product information, and contact information? What Was the Global Market Status of Acrylic Fiber Market? What Was Capacity, Production Value, Cost and PROFIT of Acrylic Fiber Market?
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Short Description About Acrylic Fiber Market 2021:
In 2021, the global acrylic fiber market accounted for a value of about USD 4,929.4 million. The market is expected to register a CAGR of about 1.94% during (the forecast period). The apparel segment of the market is dominating the global acrylic fiber market, with nearly 79.8% of the overall share. The industrial segment of the market is likely to register the fastest CAGR during the forecast period.
High Demand for use in Apparels
Due to its moisture transportation and wicking capabilities, acrylic fiber provides a quality of comfort, which makes it a viable choice to be used in apparels. The global acrylic fiber market is dominated by the apparels industry.
The apparels segment is expected to register a CAGR of 1.75%, over the forecast period.
Rising disposable income and decreased apparel cost, coupled with innovative sales techniques and strategies by marketers, are likely to propel the clothing industry in the coming years. Continuously evolving fashion trends in the apparel industry has helped apparel manufacturers, from various regions, to flourish with the parallel waves. This has made Asia-Pacific an emerging and leading exporter for clothing and textile as a whole; whereas China, the United States, Germany, Japan, and the United Kingdom were the largest retail markets for apparel manufacturers.
Asia-Pacific Dominates the Market
Asia-Pacific occupied the highest market share, accounting for around 55% of the global market in 2021. The Asia-Pacific market is highly driven by the apparel & clothing industry demand in the emerging markets, such as China, India, South Korea, Thailand, and Indonesia, among others. Owing to the notable economic development of various countries in the region and rise in per capita disposable income is anticipated to replicate the similar trend over the next five years as well. South America is the fastest growing region for acrylic fiber, which portrays huge potential for growth in the future, owing to the foothold of the major South American countries in the global textile & fashion apparel industry.
China is the Largest Producer
China is the largest producer of acrylic fiber, globally. The country holds approximately 30% share in the global market for acrylic fiber production. A significant boost in the demand for textile & apparels in domestic as well as in the international markets, such as ASEAN, Europe, the United States, and Japan, is playing a vital role in propelling the demand for acrylic fiber in the country. Increasing staple fiber demand coming from India is encouraging China to take definitive measures to improve the production of acrylic fiber.
The global Acrylic Fiber market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
Acrylic Fiber Market Report covers the Top Key-players 2021:-
- Aksa Akrilik Kimya Sanayii AS
- Montefibre
- Jilin Chemical Fiber Group Company
- Dralon
- Aditya Birla Group
- Shanghai Petrochemical Co. Ltd (Sinopec)
- CNPC
- DOLAN GmbH
- Exlan Japan Co. Ltd
- Formosa Plastics Corporation
- Indian Acrylics Limited
- Kaltex Fibers
- Kaneka Corporation
- Mitsubishi Rayon Group
- Pasupati Acrylon Ltd
- Taekwang Industrial Co. Ltd
- Tong-Hwa Synthetic fiber
With tables and figures helping analyze the worldwide Global Acrylic Fiber market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Acrylic Fiber market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
This Acrylic Fiber Market Research/analysis Report Contains Answers to your following Questions
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Acrylic Fiber Industry?
- What Was the Global Market Status of Acrylic Fiber Market? What Was Capacity, Production Value, Cost and PROFIT of Acrylic Fiber Market?
- What Are Projections of Global Acrylic Fiber Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
- What Is Acrylic Fiber Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Acrylic Fiber Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- Which Manufacturing Technology is used for Acrylic Fiber? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Acrylic Fiber Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Is the Current Market Status of the Acrylic Fiber Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Acrylic Fiber Market by Taking Applications and Types in Consideration?
- What Are Market Dynamics of Acrylic Fiber Market? What Are Challenges and Opportunities?
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Highlighted points of Acrylic Fiber Market Report:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Acrylic Fiber Market:
July 2017: Dralon GmbH entered an agreement with Enzymicals AG, for a joint FNR-funded research project to produce polyacrylonitrile biocatalitically, so as to reduce CO2 footprint.
June 2017: DowAksa, a 50/50 joint venture between The Dow Chemical Company and Aksa Akrilik Kimya Sanayii AS, signed an agreement with Vestas Wind Systems AS, the largest consumer of carbon fiber and the largest supplier of wind turbines.
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Reasons to Purchase Acrylic Fiber Market Report:
- The report analyses how the stringent emission control norms will drive the global Acrylic Fiber market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Acrylic Fiber market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
Finally, the report Global Acrylic Fiber Market 2021 describes the Acrylic Fiber industry expansion game plan, the Acrylic Fiber industry knowledge supply, appendix, analysis findings, and the conclusion.
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