DUBLIN--(BUSINESS WIRE)--The "Acrylic Fibers - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Acrylic Fibers market worldwide is projected to grow by US$785.2 Million, driven by a compounded growth of 2.1%.
Staple Acrylic Fibers, one of the segments analyzed and sized in this study, displays the potential to grow at over 2.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.3 Billion by the year 2025, Staple Acrylic Fibers will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 1.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$31.2 Million to the region's size and clout in the next 5 to 6 years. Over US$23.3 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Staple Acrylic Fibers will reach a market size of US$260.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 3.3% over the next couple of years and add approximately US$215.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
Aksa Akrilik Kimya Sanayii AS
Formosa Plastics Corporation
Taekwang Industrial Co., Ltd.
Toray Industries, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Acrylic Fibers Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
A Prelude to Acrylic Fibers
Global Acrylic Fibers Market to Grow at a Steady Rate
Staple Acrylic Fibres Dominate the Global Acrylic Fibers Market Growth
Growing Urbanization and the Rising Emphasis on Fashion Clothing Propels the Market for Acrylic Fibers
Growing Demand for Blended Fabrics to Spur the Market for Acrylic Fibers
Cotton-blended Yarns - Much in Demand
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Demand from Apparel Industry for Acrylic Fibers Drives Market Opportunities
Increasing Use of Acrylic Fibers in Household Furnishings Bodes Well for Market Expansion
Manufacturers Continue to Maintain Steady Prices despite Decline in Acrylonitrile Costs
Acrylic Fibers Face Competition from Low-cost Fibers including Polyester Fibers
Declining Global Exports of Acrylic Fibers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Acrylic Fibers Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Acrylic Fibers Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/19ley7