NEW YORK, May 6, 2021 /PRNewswire/ --
The acrylic fibers market is expected to grow by 165.06 million tons during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the acrylic fibers market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The acrylic fibers market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Materials Include:
Global Eco Fiber Market - Global eco-fiber market is segmented by application (textile, household and furnishing, industrial, medical, and others) and geography (APAC, North America, Europe, South America, and MEA).
Global Bio-soluble Fiber Market - Global bio-soluble fiber market is segmented by end-user (petrochemical, ceramics and glass, metal and foundry, power, and others) and geography (APAC, Europe, MEA, North America, and South America).
Major Three Acrylic Fibers Market Participants:
Aditya Birla Management Corp. Pvt. Ltd.
The company offers acrylic fibers under the brand names Pilbloc, Amicor, Radianza, Pura, Warmos, Ecofur, Crayona, Durashine, Serena, Tropix, Microsupreme, and Birlacril XS.
Aksa Akrilik Kimya Sanayii AS
The company offers acrylic fibers under the brand names Acryluna, Acrysole, Acrylusion, Acryterna, Armora, and Acrycycle.
China Petrochemical Corp.
The company offers dope-dyed acrylic fiber and gel dyeing acrylic fiber.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Acrylic Fibers Market 2021-2025: Segmentation
Acrylic fibers market is segmented as below:
- North America
- South America
The acrylic fibers market is driven by the rising demand for acrylic fibers from developing countries. In addition, an increase in the use of acrylic fibers in blended fabrics is expected to trigger the acrylic fibers market toward witnessing a CAGR of over 2% during the forecast period.
Get more insights about the global trends impacting the future of the acrylic fibers market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43830
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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