1 Global Acrylic Yarn Market Outlook
The global Acrylic Yarn market is projected to exhibit substantial growth in the coming years, with a CAGR of 3.95% from 2024 to 2033, reaching a total market size of $2158.42 million USD in 2024. Acrylic Yarn is a synthetic fiber known for its versatility and durability. It is made from acrylic polymers and is widely used in the textile industry due to its ability to mimic the appearance and feel of natural fibers like wool. Acrylic Yarn is characterized by its softness, warmth, and resistance to moths and mildew. It is commonly used in the production of clothing, household furnishings, and industrial applications. The yarn can be produced in various forms, including white (100%) Acrylic Yarn, white Acrylic Viscose Blended Yarn, colored (100%) Acrylic Yarn, and colored Acrylic Viscose Blended Yarn. Each type caters to specific market needs, ranging from apparel to home decor and industrial uses.
Figure Global Acrylic Yarn Market Size and Growth Rate (2024-2033)
2 Acrylic Yarn Market Growth Drivers and Constraints
The growth of the global Acrylic Yarn market is influenced by several driving and limiting factors. On the positive side, the increasing demand for synthetic fibers in the textile industry is a significant driver. Acrylic Yarn’s ability to provide a cost-effective alternative to natural fibers like wool and cotton makes it highly attractive to manufacturers. Its durability, resistance to wear, and ease of care are additional advantages that boost its market appeal. The growing fashion and apparel industry, particularly in emerging markets, further fuels the demand for Acrylic Yarn.
Moreover, technological advancements in textile manufacturing have enabled the production of higher quality and more versatile Acrylic Yarn products. Innovations in dyeing and finishing processes have improved the aesthetic appeal and functionality of Acrylic Yarn, making it suitable for a wider range of applications. The expanding middle class in developing countries, coupled with rising disposable incomes, has led to increased consumption of clothing and home furnishings, thereby driving the market for Acrylic Yarn.
However, there are also limiting factors that pose challenges to the market’s growth. One of the primary concerns is the fluctuating price of raw materials, which can impact production costs and profitability. Additionally, the market faces competition from alternative synthetic fibers and natural fibers, which can influence consumer preferences. Environmental regulations and sustainability concerns are also becoming increasingly important, as consumers and governments alike are pushing for more eco-friendly materials. This trend may lead to a shift towards more sustainable fiber options, potentially affecting the demand for traditional Acrylic Yarn.
3 Acrylic Yarn Market Innovations and M&A Activities
The Acrylic Yarn market has seen significant technological innovations and corporate activities in recent years. Technological advancements have focused on improving the quality and performance of Acrylic Yarn. New spinning and weaving technologies have enabled the production of finer and more uniform yarns, enhancing the final product’s quality. Innovations in dyeing techniques have expanded the color palette and improved colorfastness, making Acrylic Yarn more appealing for fashion and home decor applications.
Corporate mergers and acquisitions have also played a crucial role in shaping the market landscape. Major players in the Acrylic Yarn industry have engaged in strategic partnerships and acquisitions to expand their market share and enhance their product portfolios. For example, DowAksa BV’s acquisition of c-m-p GmbH expanded its capacity to deliver high-value, carbon fiber-based products for automotive and industrial applications. This partnership allowed c-m-p GmbH to secure long-term supply chains and develop specific offerings for large-scale industrial applications.
Another notable acquisition was RadiciGroup Performance Plastics’ purchase of the Engineering Polymer Solutions business of Invista. This move strengthened RadiciGroup’s presence in the American and European markets, further expanding its product offerings in engineering plastics. These strategic moves reflect the industry’s trend towards consolidation and the pursuit of synergies to enhance competitiveness in the global market.
In conclusion, the global Acrylic Yarn market is poised for continued growth, driven by increasing demand, technological advancements, and strategic corporate activities. However, challenges such as raw material price fluctuations and competition from alternative fibers must be addressed to ensure sustainable market expansion.
4 Global Acrylic Yarn Market Analysis by Type
In 2024, the global Acrylic Yarn market saw a total revenue of $2158.42 million. The revenue market share by product types was distributed as follows: White (100%) Acrylic Yarn generated a revenue of $433.29 million, accounting for 20.07% of the total market revenue; White Acrylic Viscose Blended Yarn brought in $467.97 million, representing 21.68% of the market; Colored (100%) Acrylic Yarn achieved a revenue of $610.58 million, holding 28.29% of the market share; and Colored Acrylic Viscose Blended Yarn contributed $646.58 million, making up 29.96% of the total revenue.
Table Global Acrylic Yarn Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
White (100%) Acrylic Yarn | 433.29 | 20.07% |
White Acrylic Viscose Blended Yarn | 467.97 | 21.68% |
Colored (100%) Acrylic Yarn | 610.58 | 28.29% |
Colored Acrylic Viscose Blended Yarn | 646.58 | 29.96% |
5 Global Acrylic Yarn Market Analysis by Application
In 2024, the global Acrylic Yarn market revenue reached $2158.42 million, with the revenue market share distributed across different applications as follows: Apparel accounted for 72.33% of the total revenue, contributing $1561.19 million; Household Furnishing held 16.56%, generating $357.43 million; Industrial applications contributed 3.96%, amounting to $85.47 million; and Other applications made up 7.15%, with a revenue of $154.33 million.
Table Global Acrylic Yarn Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Apparel | 1561.19 | 72.33% |
Household furnishing | 357.43 | 16.56% |
Industrial | 85.47 | 3.96% |
Others | 154.33 | 7.15% |
6 Global Acrylic Yarn Market Analysis by Region
In 2024, the global Acrylic Yarn market is forecasted to reach 538,163 tons in sales. The market share distribution by regions is as follows: North America is expected to hold 9.71% with sales of 52,273 tons; Europe will account for 10.63%, contributing 57,214 tons; Asia-Pacific will dominate with 65.94%, reaching 354,855 tons; South America is projected to have 7.60% with 40,923 tons; and the Middle East and Africa will hold 6.11%, amounting to 32,898 tons.
Figure Global Acrylic Yarn Market Share by Region in 2024
7 Top 3 Companies of Global Acrylic Yarn Market
7.1 Toray Industries, Inc.
Company Introduction and Business Overview:
Toray Industries, Inc. is a multinational corporation headquartered in Japan, specializing in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. Established in 1926, Toray has a long history of innovation and excellence in the textile and chemical industries. The company operates globally, with manufacturing bases in Japan and other strategic locations worldwide. Toray’s business portfolio includes a wide range of products, from advanced materials and composites to textiles and carbon fibers.
Products Offered:
Toray’s Acrylic Yarn products are renowned for their excellent bulkiness, colorability, adaptability with other fibers, soft feel, and elasticity. The company’s flagship product, TORAYLON™, is perfectly suited for a variety of applications, including sweaters, socks, jerseys, blankets, mats, and curtains. TORAYLON™ is known for its high-quality performance, offering features such as pilling-resistance, heat-retention, moisture-absorption, water-repellence, stain-proofing, and antistatic properties.
Sales Revenue in the Latest Year:
Toray’s Acrylic Yarn sales revenue reached $115.11 million. The company’s consistent focus on innovation and quality has enabled it to maintain a strong market position and achieve steady growth over the years. Toray’s commitment to sustainability and advanced manufacturing processes further enhances its competitive edge in the global Acrylic Yarn market.
7.2 Hanil Synthetic Fiber Co., Ltd.
Company Introduction and Business Overview:
Hanil Synthetic Fiber Co., Ltd. is a leading South Korean company that specializes in the production of acrylic fiber and yarn. Established in 1964, Hanil Synthetic Fiber has grown to become a significant player in the global textile industry. The company operates manufacturing facilities in Korea and has a strong market presence both domestically and internationally. Hanil Synthetic Fiber’s business portfolio includes a wide range of products, from acrylic yarn to men’s and women’s clothing, as well as real estate development through its subsidiaries.
Products Offered:
Hanil Synthetic Fiber offers a variety of Acrylic Yarn products, known for their high quality and versatility. The company’s yarns are used in various applications, including apparel, home textiles, and industrial uses. Hanil’s commitment to quality and innovation ensures that its products meet the highest standards, making them a preferred choice for many manufacturers and consumers.
Sales Revenue in the Latest Year:
Hanil Synthetic Fiber’s Acrylic Yarn sales revenue amounted to $112.64 million. The company’s consistent growth and expansion strategies have enabled it to maintain a strong market position and achieve significant sales growth over the years. Hanil’s focus on customer satisfaction and product innovation continues to drive its success in the global Acrylic Yarn market.
7.3 Sutlej Textiles and Industries Limited
Company Introduction and Business Overview:
Sutlej Textiles and Industries Limited is a prominent Indian company that manufactures and sells a wide range of yarns and home textiles. Established in 2005, Sutlej Textiles has quickly risen to become a key player in the global textile industry. The company operates manufacturing facilities in India and has a strong market presence both domestically and internationally. Sutlej Textiles’ business portfolio includes various types of yarns, such as polyester, viscose, acrylic, modal, and tencel, as well as home textiles.
Products Offered:
Sutlej Textiles offers a diverse range of Acrylic Yarn products, catering to different market needs. The company’s yarns are known for their high quality and versatility, making them suitable for various applications, including apparel, home textiles, and industrial uses. Sutlej’s commitment to innovation and quality ensures that its products meet the highest standards, making them a preferred choice for many manufacturers and consumers.
Sales Revenue in the Latest Year:
Sutlej Textiles and Industries Limited’s Acrylic Yarn sales revenue reached $87.84 million. The company’s focus on quality, innovation, and customer satisfaction has enabled it to achieve steady growth and maintain a strong market position in the global Acrylic Yarn market. Sutlej’s strategic expansion and product diversification continue to drive its success and ensure its long-term sustainability.