Synthetic Acrylic Yarn Market Revenue was valued at USD 5.2 Billion in 2024 and is estimated to reach USD 8.7 Billion by 2033, growing at a CAGR of 6.1% from 2026 to 2033.
The South Korea Synthetic Acrylic Yarn Market is experiencing significant growth, driven by the increasing demand from various industries such as textiles, automotive, and home furnishings. Synthetic acrylic yarn, known for its durability, softness, and versatility, plays a crucial role in shaping the future of South Korea's fabric production. As the textile industry seeks cost-effective and high-performance materials, synthetic acrylic yarns have emerged as a preferred choice due to their ease of manufacturing and excellent characteristics.
One of the key factors influencing the demand for synthetic acrylic yarn is its widespread use in the production of knitted fabrics and apparel. South Korea's vibrant textile market is at the forefront of embracing synthetic acrylic yarn, particularly in making sweaters, socks, and other garments where softness and warmth are highly valued. The growing fashion trend of knitted garments has further boosted the market's expansion, encouraging textile manufacturers to invest in more efficient production processes.
The demand for synthetic acrylic yarn is also rising in the automotive industry, where it is used for seat covers, carpets, and other interior components. The material's resistance to fading and wear makes it an ideal option for automotive applications, contributing to the overall growth of the synthetic acrylic yarn market. Furthermore, as the automotive sector continues to prioritize cost-efficient solutions without compromising quality, synthetic acrylic yarn provides a competitive edge in the production of durable and aesthetically pleasing interior elements.
Home furnishings represent another sector that significantly drives the demand for synthetic acrylic yarn. With the increasing popularity of synthetic fibers in rugs, curtains, and upholstery, the demand for high-quality acrylic yarns remains strong. This market segment is expected to expand further due to consumers' preference for low-maintenance, durable, and affordable home furnishing materials.
As industries in South Korea continue to grow and evolve, the requirement for synthetic acrylic yarn is likely to expand. Manufacturers are focusing on improving the quality and efficiency of production to meet the changing demands across multiple sectors. The Synthetic Acrylic Yarn Market is projected to maintain its strong growth trajectory, driven by both domestic and international demand.
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Aditya Birla Yarn
Shandong Shengrui Group
Jiangsu Zhongxin Resources Group
Hanil Synthetic Fiber
Indorama
Hengfeng Group
Sutlej Textiles and Industries
Chenab Textile Mills
Zhangjiagang Huaying International
Sharman Woollen Mills
Taekwang
Shenghe Textile
Weifang Jinyi Shaxian
Gürteks Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Synthetic Acrylic Yarn Market
Textured Acrylic Yarn
Monofilament Acrylic Yarn
Multifilament Acrylic Yarn
Compact Acrylic Yarn
Specialty Acrylic Yarn
Knitting
Crocheting
Weaving
Crafting
Industrial Applications
Solid Acrylic Yarn
Variegated Acrylic Yarn
Ombre Acrylic Yarn
Heathered Acrylic Yarn
Textured Blends
Online Retailers
Brick-and-Mortar Stores
Wholesale Distributors
E-commerce Platforms
Direct-to-Consumer Sales
Age Group
Children
Adults
Seniors
Gender
Female
Male
Skill Level
Beginners
Intermediate
Advanced
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Synthetic Acrylic Yarn Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Synthetic Acrylic Yarn Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Synthetic Acrylic Yarn Market, By Type
6. South Korea Synthetic Acrylic Yarn Market, By Application
7. South Korea Synthetic Acrylic Yarn Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Synthetic Acrylic Yarn Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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