Acrylic Staple Fiber (ASF) Price Trend

Acrylic Staple Fiber Prices June 2023

The price of acrylic staple fiber in the USA for Q2 2023 reached 2645 USD/MT in June. The market in North America experienced a mixed trend due to several reasons. The prices recovered to a certain extent in the second month, and finally, in the last month of the quarter, slow demand in the region and increasing inventories led prices to fall.

The pricing trend for acrylic staple fiber in South Korea reached 2607 USD/MT in June 2023. It showed mixed sentiments in the second quarter, but during the middle of the quarter, the prices heightened to a certain extent due to tight material availability. The shortage provides certain support to the market despite the declining trend.

In Germany, acrylic staple fiber prices reached 2315 USD/MT in June 2023. The prices fell in the market during the second quarter as crude oil prices declined on the back of gloomy forecasts about the US banking system. Buying sentiments were also affected by declined operating rates in the textile industry.

Acrylic Staple Fiber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylic Staple Fiber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acrylic staple fiber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acrylic staple fiber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylic staple fiber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylic staple fiber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acrylic Staple Fiber Market Analysis

The global acrylic staple fiber market size reached US$ 36.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.8 Billion, at a projected CAGR of 4.7% during 2023-2032.

• Acrylic staple fibers are used extensively in the textile industry because of their remarkable qualities, which make them ideal for a wide range of textile applications. Acrylic staple fibers are a popular option for apparel, home textiles, and industrial fabrics because of their softness, durability, and capacity to replicate the opulent feel of natural fibers like wool. With the rising global population and changing lifestyles, there is an increase in the need for cozy, low-maintenance textiles. The market for acrylic staple fiber is expanding as producers look for materials that can adapt to the changing tastes of individuals. Furthermore, acrylic fibers are more appealing to textile manufacturers and end users alike since they have advantages over natural fibers, such as resistance to fading, stretching, and wrinkling. According to the IMARC Group, the global textile market is projected to reach US$ 1,445.4 Billion by 2032.
• Acrylic staple fibers are becoming a substitute for conventional natural fibers like cotton and wool. People and manufacturers alike are looking into synthetic fiber solutions due to concerns about sustainability, animal welfare, and the environment. Compared to their natural equivalents, acrylic fibers have a number of benefits, such as being hypoallergenic, resistant to moths and mildew, and easy to maintain. Because of these qualities, acrylic staple fibers are especially appealing for uses where natural fibers might not be appropriate or easily accessible. Furthermore, acrylic fibers are a flexible option for a variety of textile products since they can be designed to mimic the appearance and texture of natural fibers while providing better performance qualities. Moreover, homeowners are constantly seeking carpets, curtains, and bedding made with durable and innovative materials, which is driving the demand for acrylic staple fibers. As per the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending increased from $328 billion in 2019 to $472 billion in 2022. This further encouraged homeowners to invest in high-quality décor items.

Acrylic Staple Fiber News

The report covers the latest developments, updates, and trends impacting the global acrylic staple fiber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acrylic staple fiber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylic staple fiber price trend.

Latest developments in the acrylic staple fiber industry:

• May 2022: Thai Acrylic Fibre Co. Ltd. launched Regel, which is a recycled acrylic fiber containing 75% recycled content.

Product Description

Acrylic staple fiber is a sort of synthetic fiber made from acrylonitrile polymer. It is produced via a procedure of wet spinning, where acrylonitrile is dissolved in a solvent and then extruded into filaments. It exhibits efficient colorfastness, enabling vibrant and long-lasting colors in textiles. It is also resistant to mildew, moths, and chemicals, improving its durability. It can also be engineered to copy the appearance and texture of various natural fibers like wool while providing superior performance. It is used in air and liquid filtration equipment where synthetic resilience and filtration efficiency are paramount. It is also employed to create the components of mops and dusting cloths due to its ability to collect dust and withstand constant washing. It is also adopted into the creation of protective garments which are resistant to chemicals.

Regional Coverage

The report provides a detailed analysis of the acrylic staple fiber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acrylic staple fiber price trend.

Global Acrylic Staple Fiber Price

The report offers a holistic view of the global acrylic staple fiber pricing trends in the form of acrylic staple fiber price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of acrylic staple fiber but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acrylic staple fiber demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acrylic Staple Fiber Price

The European region has experienced a declining price trend owing to several factors. The low stocks in the region supported the upward price scenarios but this was not adequate to justify the price increment as the European market was struggling with increasing inflation concerns. Meanwhile, there was no support provided by the feedstock sector as the acrylonitrile market in the European region faced a downfall.

This analysis can be extended to include detailed acrylic staple fiber price information for a comprehensive list of countries.

North America Acrylic Staple Fiber Price

In North America, the acrylic staple fiber market has witnessed a mixed train due to low production costs amid declining crude oil and acrylonitrile prices. However, manufacturers had to decline their run rates to fulfill the low demand, which created market pressure. Finally, in the last month of the quarter, weak demand in the region and increasing inventory levels caused prices to decline again.

Specific acrylic staple fiber historical data within the United States and Canada can also be provided.

Middle East and Africa Acrylic Staple Fiber Price

The report explores the acrylic staple fiber pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acrylic staple fiber prices for countries can also be provided.

Asia Pacific Acrylic Staple Fiber Price

The acrylic staple fiber pricing in the Asia Pacific region experienced mixed sentiment, with prices mainly declining in the region. The slowdown in orders created this scenario, as downstream demands were reduced, and plants in Korea had to cut back production. Key market players were also forced to cut prices to attract end users, but buyers were reluctant to place new orders.

This acrylic staple fiber price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acrylic Staple Fiber Price

The analysis of acrylic staple fiber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylic staple fiber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acrylic staple fiber price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acrylic staple fiber price charts ensure our clients remain at the forefront of the industry.