Soaring past 4.6 million tons globally and powering everything from our coziest sweaters to the latest car headlights, the acrylic industry is a multi-billion-dollar colossus whose incredible scale and dynamic growth is revealed in the following key statistics.
Key Takeaways
- Global acrylic fiber market size reached 4.62 million tons in 2022
- Acrylic fiber market expected to grow at CAGR of 3.8% from 2023 to 2030
- North America acrylic sheets market valued at USD 1.2 billion in 2023
- China acrylic sheets production capacity hit 1.2 million tons in 2023
- Global acrylic fiber production capacity stood at 6.8 million tons per year in 2022
- India's Vardhman Acrylics has annual capacity of 57,000 tons
- China holds 55% share of global acrylic fiber production at 3.2 million tons in 2022
- India acrylic fiber consumption 5% of global total, around 300,000 tons in 2023
- Europe acrylic fiber production share declined to 8% in 2022 from 12% in 2015
- Acrylic fibers used in 40% of global blanket production
- Automotive sector consumes 25% of PMMA sheets globally for lights and interiors
- Apparel segment holds 60% share in acrylic fiber end-use market in 2022
- Global acrylic fiber exports totaled USD 2.8 billion in 2022
- Average acrylic fiber price was USD 1.8/kg in Asia Q4 2023
- China exported 1.1 million tons of acrylic fiber in 2022
The global acrylic industry is large and growing, led significantly by production in Asia.
Applications and End-Uses
- Acrylic fibers used in 40% of global blanket production
- Automotive sector consumes 25% of PMMA sheets globally for lights and interiors
- Apparel segment holds 60% share in acrylic fiber end-use market in 2022
- Construction industry uses 35% of acrylic emulsions for paints and coatings
- Home textiles account for 30% of acrylic fiber demand, mainly carpets and upholstery
- Electronics sector PMMA demand for displays grew 8% YoY in 2023
- Acrylic paints dominate 45% of artist paints market worldwide
- Medical applications of acrylic sheets in prosthetics 15% of total PMMA use
- Sportswear acrylic fiber usage 20%, valued for moisture-wicking properties
- Packaging sector acrylic sheets for bottles and containers 10% market share
- Furniture upholstery acrylic fibers 25% penetration in budget segment
- Signs and displays consume 20% of extruded acrylic sheets globally
- Adhesives end-use for acrylic polymers 18% of total production
- Toys and leisure products use 12% of PMMA for durability
- Acrylic fibers in sweaters and knitwear 50% of apparel applications
- Carpet manufacturing uses 35% of global acrylic staple fibers
- Signs and glazing PMMA sheets 28% of total applications in construction
- Acrylic dispersions in paper coatings 22% market penetration
- Knitted outerwear acrylic content averages 40% in budget lines
- Sanitary ware acrylic sheets 18% substitution for ceramics globally
- Protective coatings acrylics 30% of marine paints formulations
- Handicrafts and crafts acrylic paints 55% usage rate among hobbyists
- Aquariums and aquaria PMMA panels 90% material choice for clarity
- Fake fur products 70% acrylic fibers for animal welfare shift
- Windshields and canopies aircraft PMMA 15% aviation plastics
- Wall paints acrylic emulsions 65% volume in residential segment
- Hosiery and socks acrylic blends 25% for durability
- Optical lenses PMMA 12% of spectacle lenses market
- Leather finishing acrylic polymers 40% replacement for traditional
Applications and End-Uses Interpretation
From cozy blankets and cozy sweaters to the glowing screens in our hands and the clear protective sheets in our aquariums, acrylic is the versatile polymer that's woven itself, quite literally, into the fabric of modern life.
Market Size and Growth
- Global acrylic fiber market size reached 4.62 million tons in 2022
- Acrylic fiber market expected to grow at CAGR of 3.8% from 2023 to 2030
- North America acrylic sheets market valued at USD 1.2 billion in 2023
- Asia-Pacific acrylic fiber production accounted for 65% of global total in 2022
- Global PMMA (acrylic) market size was USD 5.1 billion in 2021, growing to USD 7.8 billion by 2028
- Acrylic paints market projected to reach USD 25 billion by 2027 at 5.2% CAGR
- European acrylic fiber consumption was 450,000 tons in 2022
- U.S. acrylic yarn market size estimated at USD 800 million in 2023
- Global acrylic emulsion market valued at USD 8.9 billion in 2022
- India acrylic fiber market to grow from 120,000 tons in 2022 to 160,000 tons by 2028
- Global acrylic fiber market size reached 4.75 million tons in 2023 with 3.2% growth
- Acrylic sheets market in Asia-Pacific valued at USD 2.8 billion in 2023
- Water-based acrylic coatings market to hit USD 18 billion by 2030
- U.S. acrylic fiber market share 6% global, valued USD 350 million 2022
- PMMA cast sheet segment grows fastest at 5.5% CAGR to 2030
- Global acrylic latex market size USD 10.2 billion projected for 2028
Market Size and Growth Interpretation
The acrylic industry is steadily painting the world in its own image, proving that whether you're wrapping a yacht, knitting a sweater, or creating a masterpiece, this versatile polymer family has us covered—literally and lucratively.
Production and Capacity
- China acrylic sheets production capacity hit 1.2 million tons in 2023
- Global acrylic fiber production capacity stood at 6.8 million tons per year in 2022
- India's Vardhman Acrylics has annual capacity of 57,000 tons
- Turkey's acrylic fiber production capacity is 180,000 tons annually as of 2023
- Mitsubishi Chemical's Lucite International PMMA plant capacity is 220,000 tons/year
- Global top 10 acrylic fiber producers account for 75% of total capacity in 2022
- U.S. Dow Chemical acrylic acid plant capacity expanded to 440,000 tons in 2023
- South Korea's Taekwang Industrial acrylic fiber capacity is 120,000 tons/year
- Europe PMMA production capacity totals 650,000 tons annually in 2023
- Pakistan's acrylic yarn production capacity reached 100,000 tons in 2022
- Vietnam acrylic fiber production capacity grew 15% YoY to 250,000 tons in 2023
- Sinopec's acrylic acid capacity in China is 1.1 million tons/year
- Global acrylic sheet extrusion capacity is 3.5 million tons as of 2023
- Aditya Birla's Grasim Industries acrylic fiber plant at 120,000 tons capacity
- Japan Eni's acrylic fiber output capacity 80,000 tons/year
- Brazil's acrylic production capacity stands at 45,000 tons annually
- Asia dominates with 70% of global acrylic acid production capacity at 8.2 million tons in 2022
- Formosa Plastics Taiwan acrylic emulsion capacity 300,000 tons/year
- Mexico new acrylic fiber plant adds 50,000 tons capacity in 2024
- Russia acrylic sheets production capacity 120,000 tons in 2023 despite sanctions
- Turkey acrylic production 200,000 tons, 3% of world total in 2023
- Reliance Industries India acrylic capacity expansion to 200,000 tons by 2025
- LG Chem Korea PMMA capacity 140,000 tons/year globally
- Indonesia new acrylic fiber plant 60,000 tons capacity operational 2024
- Global acrylic acid capacity utilization rate averaged 82% in 2023
- Exlan Japan acrylic fiber brand capacity 50,000 tons annually
- Arkema France specialty acrylics capacity 100,000 tons
- Egypt's Alexandria Acrylics Fiber Co. capacity 36,000 tons/year
- U.S. continuous PMMA polymerization capacity 300,000 tons
- Thailand PTT Global acrylic emulsion plant 150,000 tons capacity
- Iran Polyacryl production capacity 75,000 tons acrylic fiber
- Belgium Solvay acrylic acid derivatives capacity 250,000 tons
- Peru modest acrylic yarn capacity 15,000 tons serving local market
- Global PMMA production 2.8 million tons in 2023, up 4% from prior year
- Saudi Arabia SABIC planning 400,000 tons acrylic acid complex by 2026
- Global top acrylic producer Sinopec capacity 2.5 million tons equivalents
Production and Capacity Interpretation
While China flexes its sheer volume and Saudi Arabia eyes a massive new complex, the global acrylic landscape reveals a tapestry of regional giants, specialized players, and strategic expansions, all meticulously threading their capacity into a multi-million-ton industry where everyone is scrambling to get a piece of the polymer pie.
Regional Analysis
- China holds 55% share of global acrylic fiber production at 3.2 million tons in 2022
- India acrylic fiber consumption 5% of global total, around 300,000 tons in 2023
- Europe acrylic fiber production share declined to 8% in 2022 from 12% in 2015
- U.S. imports 90% of its acrylic fiber needs, totaling 250,000 tons in 2022
- Turkey acrylic yarn exports to EU valued at EUR 500 million in 2022
- Southeast Asia acrylic sheets market grows at 6% CAGR, led by Thailand and Vietnam
- Middle East acrylic fiber production capacity 150,000 tons, mainly Iran and Saudi Arabia
- Latin America acrylic consumption 4% global share, Brazil leading at 80,000 tons/year
- Africa acrylic fiber market nascent, South Africa capacity 20,000 tons
- Japan acrylic fiber production dropped 10% YoY to 70,000 tons in 2022
- South Korea 12% of global acrylic acid production at 1.5 million tons in 2023
- Australia PMMA imports from Asia 95%, total volume 15,000 tons annually
- Canada acrylic paints market dominated by U.S. imports worth CAD 200 million
- Germany as Europe's largest acrylic consumer at 120,000 tons in 2022
- Bangladesh acrylic yarn imports surged 20% to 50,000 tons in 2023
- Indonesia local acrylic production covers only 30% of demand, imports 40,000 tons
- Egypt new acrylic plant boosts regional capacity by 30,000 tons
- EU acrylic fiber production fell to 350,000 tons in 2023
- Mexico acrylic consumption 25,000 tons, 80% imported from Asia
- Australia acrylic fiber imports 30,000 tons annually, mainly from China
- Russia acrylic production 100,000 tons despite 15% drop from sanctions
- Philippines acrylic yarn demand met 95% by imports 40,000 tons
- Argentina acrylic fiber imports USD 50 million, Brazil main supplier
- UAE acrylic sheets market imports USD 80 million from India/China
- New Zealand PMMA consumption 8,000 tons, fully import dependent
- Colombia local acrylic production negligible, imports 12,000 tons/year
- Morocco acrylic yarn production 25,000 tons, exports to EU
- Algeria state-owned acrylic plant capacity utilization 60% at 20,000 tons
Regional Analysis Interpretation
China is the world's acrylic fiber kingpin, leaving Europe in gentle retreat and the U.S. in near-total dependence, while a patchwork of regional specialists—like Turkey's yarn exports and Southeast Asia's sheet growth—proves that while China commands the throne, the rest of the world is busy carving out its own, often import-reliant, fiefdoms.
Trade, Prices, and Economics
- Global acrylic fiber exports totaled USD 2.8 billion in 2022
- Average acrylic fiber price was USD 1.8/kg in Asia Q4 2023
- China exported 1.1 million tons of acrylic fiber in 2022
- U.S. acrylic sheets import value USD 450 million from China in 2023
- EU anti-dumping duties on Indian acrylic fiber at 10-15% since 2021
- Acrylic yarn prices rose 12% YoY to USD 2.2/kg in Turkey 2023
- Global acrylic acid spot price averaged USD 1,450/ton CFR China in 2023
- India's acrylic fiber imports from China USD 300 million in FY2023
- South Korea acrylic exports to Vietnam grew 25% to 80,000 tons in 2022
- PMMA resin FOB Southeast Asia price USD 2,100/ton in Q1 2024
- Pakistan acrylic staple fiber exports USD 150 million mainly to China
- Europe acrylic emulsion import dependency 40% from Asia at EUR 1.2 billion
- Brazil imposed 20% tariff on acrylic fiber imports in 2023
- Global trade volume of acrylic products 5.2 million tons in 2022
- Acrylic paints wholesale price USD 3.5/kg in U.S. market 2023
- Turkey leads world acrylic yarn exports with 250,000 tons in 2022
- Volatility in acrylic monomer prices up 18% due to energy costs in 2023
- Vietnam acrylic imports from Korea USD 120 million in 2023
- Global acrylic tow exports 1.2 million tons valued USD 1.5 billion 2022
- Acrylic staple fiber CFR Europe price USD 2.0/kg Jan 2024
- India acrylic imports 250,000 tons from China in 2023
- U.S. acrylic acid exports USD 200 million mainly to Mexico
- Bangladesh anti-dumping case on acrylic fiber from India won in 2023
- Acrylic emulsion average price USD 1.9/kg Asia Q4 2023
- EU acrylic fiber imports from Turkey 150,000 tons duty-free under agreement
- Global acrylic yarn trade USD 3.1 billion, China 40% exporter share
- Spot PMMA extrusion grade USD 2,400/ton FOB US Gulf 2024
- Peru acrylic imports USD 40 million from Asia in 2023
- Acrylic acid futures contract launched on Dalian exchange volume 50,000 tons/month
- Vietnam exports acrylic products USD 100 million to US under CPTPP
- Energy crisis pushed European acrylic prices up 25% in 2022
Trade, Prices, and Economics Interpretation
The global acrylic industry resembles a high-stakes, tariff-laden poker game where China holds a massive stack of chips, price volatility keeps everyone on edge, and every nation is fiercely guarding its hand while trying to cash in on everyone else's bets.
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