Recycled Acrylic Yarn Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
As we move into the next decade, from 2023 to 2033, the demand for recycled acrylic yarn is expected to continue its upward trajectory. However, the market dynamics are anticipated to shift, with new trends and innovations emerging. Experts predict that the market will experience a considerable rise in demand, driven by an increase in sustainability-focused production practices, technological advancements, and growing support for circular economies in the textile industry.
Over the next decade, recycled acrylic yarn is projected to see demand from multiple sectors beyond just fashion and home textiles. Industries such as automotive, industrial applications, and even medical textiles are expected to adopt recycled acrylic fibers due to their durability, cost-effectiveness, and environmental benefits. Additionally, as brands continue to prioritize sustainability in their supply chains, more companies are likely to enter the market, increasing competition and pushing further innovations in yarn recycling technologies.
The key drivers behind this growth include the rising consumer awareness about the environmental impact of synthetic fibers, coupled with increasing legislative pressure on manufacturers to reduce waste. Furthermore, the growing availability of recycled acrylic yarn, due to better recycling infrastructure and improved methods of extracting and reusing materials, will likely enhance its adoption across various markets. With innovations in processing and recycling technology, the industry is poised for a significant expansion, which is expected to impact the cost and availability of recycled acrylic yarn positively.
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The recycled acrylic yarn market has experienced steady growth from 2018 to 2022, driven by rising sustainability concerns and increasing consumer demand for eco-friendly textile products. During this period, manufacturers and suppliers of recycled acrylic yarn saw a surge in demand, particularly in the fashion and home decor industries, where eco-conscious consumers were seeking alternatives to traditional acrylic fibers. This growing demand resulted in new innovations in recycling technology and the expansion of recycling facilities globally.
The global market for recycled acrylic yarn has been influenced by various factors, including government regulations promoting recycling, rising awareness about environmental impacts, and shifting consumer preferences towards sustainable fashion. In 2022, the market reached a significant milestone, with major players in the textile industry committing to using a higher percentage of recycled materials in their products. The increasing popularity of eco-friendly fashion and the rise of second-hand and upcycled clothing also contributed to the market's growth during this period.
Jiangsu Yiheng Textile Technology Co.
Ltd.
RAYTENT
Polylana®
Unifi
Inc
Aditya Birla 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 Global Recycled Acrylic Yarn Market
Clothing
Home Decoration
Other
Based on Types the Market is categorized into Below types that held the largest Recycled Acrylic Yarn market share In 2023.
More than 80% Recycled Content
Less than 80% Recycled Content
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Recycled 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. Global Recycled Acrylic Yarn Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Recycled Acrylic Yarn Market, By Type
6. Global Recycled Acrylic Yarn Market, By Application
7. Global Recycled Acrylic Yarn Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Recycled Acrylic Yarn Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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