Acrylic fiber is a synthetic fiber that closely resembles wool in its character. According to the definition of the ISO (International Standards Organization) and BISFA (International Synthetic Fiber Standardization Office), fibers which contain a minimum of 85% acrylonitrile in their chemical structure are called Acrylic Fibers.
Many companies have acrylonitrile plants, which would help them to control production costs. The difference price between acrylonitrile and acrylic fibers is an important factor in determining acrylic fibers profit. During past five years, global acrylic fibers price varied greatly. From 2013, global average price increased from 2831 USD/MT to 2903 USD/MT in 2014. Since 2015, price decreased greatly to 2472 USD/MT. The decrease trend continued in 2016. In 2017, acrylic fibers price started increasing.
All manufactures in the world are committed to the improvement of product. As there are two major production process, such as wet spinning and dry spinning. Dry spinning is an advance technology compared with wet spinning process. Currently, manufacturers in China and India are more likely to used wet spinning process except Indian Acrylics and Qilu Petrochemical (a subsidiary of Sinopec in China). Aksa in Turkey also use wet spinning process.
This industry is affected by the economy and policy, so it\'s important to put an eye to economic indexes and leaders\' prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Acrylic Fibers will increase.

The Global Acrylic Fibers Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Acrylic Fibers Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Aksa Akrilik
Dralon
Aditya Birla Group
Exlan
Mitsubishi Rayon Group
Taekwang
Formosa Plastics Corporation
Tong-Hwa Synthetic Fiber
Kaltex Fibers
Toray
DOLAN GmbH
SDF Group
Yousuf Dewan
Indian Acrylics
Pasupati Acrylon
Vardhman
Sinopec
Jilin Qifeng Chemical Fiber
CNPC
Jiangsu Zhongxin Resources Group
Zhejiang Hangzhou Bay Acrylic Fiber

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Wet Spinning
Dry Spinning
In Market segmentation by applications :

Garment Industry
Home Textiles
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Acrylic Fibers Market for the forecast period 2023 - 2030?
• What are the driving forces in the Acrylic Fibers Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Acrylic Fibers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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