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Photocatalytic water splitting: Higher efficiency to go
Photocatalytic water splitting is an active area of research in materials chemistry. Photo-irradiated semiconductor materials provide electrons or holes to water to split oxygen and hydrogen. They can be used as photoanode (oxygen evolution) and photocathode (hydrogen evolution), (1) and sometimes both are combined or even connected to each other to directly produce oxygen and hydrogen at the…
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Synchronizing periodic excitations of photocatalysts with a Michelson interferometer on operando FT-IR spectroscopy, researchers led by Toshiki Sugimoto succeeded in observing and identifying the reactive electron species for photocatalytic hydrogen evolution. In contrast to the traditional belief, this study demonstrates that not the free electrons in metal cocatalysts but the electrons trapped in the periphery of cocatalysts directly contribute to the photocatalysis. Since the discovery of photoelectrochemical hydrogen evolution by Honda and Fujishima in 1972, heterogeneous photocatalysis has been intensively investigated and is still a hot topic in science and technology. In particular, understanding of reactive electron species and active reaction sites on photocatalytic reduction reaction are vital for designing and manufacturing innovative catalysts with improved evolution activity of hydrogen as sustainable energy carrier.
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#Materials Science#Science#Photocatalysts#Catalysts#Spectroscopy#Metals#Reactions#Photoelectrochemistry#Oxides
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Global Photocatalyst Market Overview : Size, Share, and Future Trends Forecast
Photocatalyst Market Strategies: Taking Advantage of Trends to Drive Growth in 2032
The Photocatalyst Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.
Employing various analytical techniques such as SWOT analysis, Porter’s Five Forces analysis, and feasibility studies, the report offers a thorough understanding of competitive dynamics, the risk of substitutes and new entrants, and identifies strengths, challenges, and business opportunities. This detailed assessment covers current patterns, driving factors, limitations, emerging developments, and high-growth areas, aiding stakeholders in making informed strategic decisions based on both current and future market trends. Additionally, the report includes an examination of the Automatic Rising Arm Barriers sector and its key opportunities.
According to Straits Research, the global Photocatalyst Market market size was valued at USD 2157 Million in 2021. It is projected to reach from USD XX Million in 2022 to USD 4685 Million by 2030, growing at a CAGR of 9% during the forecast period (2022–2030).
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TOP Key Industry Players of the Photocatalyst Market
Daicel Miraizu Ltd
Green Millennium
Hangzhou Harmony Chemical Co. Ltd
ISHIHARA SANGYO KAISHA Ltd
KRONOS Worldwide Inc.
Lomon Billions
Nanoptek Corp.
SHOWA DENKO KK
TAYCA
The Chemours Company
TitanPE Technologies Inc.
Tronox Holdings PLC
Global Photocatalyst Market: Segmentation
As a result of the Photocatalyst market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.
Based On Type
Titanium dioxide
zinc oxide
others.
Based on Application
Self-Cleaning
Air Purification
Water Treatment
Anti-Fogging
others
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Reasons for Buying This Report:
Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.
Offers analytical insights and strategic planning guidance to support informed business decisions.
Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.
Includes market estimates by region and profiles of various industry stakeholders.
Aids in understanding critical market segments.
Delivers extensive data on trends that could impact market growth.
Research Methodology:
Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.
Validates market estimates through primary research with key stakeholders.
Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.
About Straits Research
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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#Photocatalyst Market#Photocatalyst Market Share#Photocatalyst Market Size#Photocatalyst Market Research#Photocatalyst Industry#What is Photocatalyst?
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https://www.maximizemarketresearch.com/market-report/global-photocatalyst-market/94833/
Photocatalyst Market: Industry Analysis and Forecast (2023-2029)
Photocatalyst Market was valued nearly US$ 6.34 Bn in 2022. Photocatalyst Market size is estimated to grow at a CAGR of 11.4 % & is expected to reach at US$ 13.49 Bn. by 2029.
#Photocatalyst Market size#Photocatalyst Market share#Photocatalyst Market analysis#Photocatalyst Market overveiw
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Perovskite, a versatile mineral structure, is transforming renewable energy. Researchers are enhancing solar cells, achieving remarkable efficiency gains. Beyond solar energy, perovskite offers potential in LEDs, photocatalysts, and photodetectors.
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PHOTOCATALYST ELECTRONIC MOSQUITO LAMP
Certificate:CE, ROHS,GS,ETL Type:Mosquito Killer Size:132*132*200mm Applicable Area:20-50 square meters Time Used:>480 Hours Power Source:Electrical Pest Type:MOSQUITOES Feature:Sustainable Model Number:V-02 Pest Control Type:Traps Function:Kill Mosquito+ Killer Insect +lighting Usage:Home+Hotel+Office
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Clean energy plans, including the U.S. Infrastructure Investment Act's "Clean Hydrogen Road Map," are counting on hydrogen as a fuel of the future. But current hydrogen separation technology is still falling short of efficiency and sustainability goals. As part of ongoing efforts to develop materials that could enable alternative energy sources, researchers in Drexel University's College of Engineering have produced a titanium oxide nanofilament material that can harness sunlight to unlock the ubiquitous molecule's potential as a fuel source. The discovery offers an alternative to current methods that generate greenhouse gas and require a great deal of energy. Photocatalysis, a process that can split hydrogen from water using only sunlight, has been explored for several decades, but has remained a more distant consideration because the catalyst materials enabling the process can only survive it for a day or two, which limits its long-term efficiency and, as a result, its commercial viability. Drexel's group, led by College of Engineering researchers Michel Barsoum, PhD, and Hussein O. Badr, PhD, in collaboration with scientists from the National Institute of Materials Physics in Bucharest, Romania, recently reported its discovery of photocatalytic titanium oxide-based, one-dimensional nanofilament material that can help sunlight glean hydrogen from water for months at a time. Their article "Photo-stable, 1D-nanofilaments TiO2-based lepidocrocite for photocatalytic hydrogen production in water-methanol mixtures," published in the journal Matter, presents a sustainable and affordable path for creating hydrogen fuel, according to the authors.
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#Materials Science#Science#Energy#Titanium oxide#Titanium#Oxides#Photocatalysts#Hydrogen#Drexel University
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[ad_1] A New Photocatalyst can Efficiently Degrade Broad-Spectrum Antibiotics [ad_2] Source link
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[ad_1] A New Photocatalyst can Efficiently Degrade Broad-Spectrum Antibiotics [ad_2] Source link
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Emerging Hydrogen Production Technologies: Beyond the Conventional
Hydrogen, hailed as a key to a sustainable energy future, is produced through various methods that are evolving rapidly. Here’s a look at some of the more unique and lesser-known hydrogen production technologies that could redefine the landscape of clean energy.
1. Photoelectrochemical (PEC) Cells: The Solar-Hydrogen Nexus
While traditional photoelectrochemical (PEC) water splitting has been explored, recent innovations are pushing the boundaries of this technology. New materials and advanced semiconductor designs are improving PEC cells' efficiency and stability. Researchers are experimenting with novel photocatalysts and tandem cell architectures to enhance sunlight absorption and hydrogen production rates.
2. High-Temperature Gas-Cooled Reactors (HTGRs): Nuclear Hydrogen
High-Temperature Gas-Cooled Reactors (HTGRs) are a promising frontier in hydrogen production. By leveraging the high temperatures generated by nuclear reactors, these systems can drive thermochemical reactions to produce hydrogen. HTGRs offer a way to generate hydrogen with low carbon emissions, and their integration with existing nuclear infrastructure could provide a substantial hydrogen supply.
3. Hydrogen from Algae: Harnessing Nature’s Power
Microalgae and cyanobacteria are emerging as innovative sources for hydrogen production. Through a process called biophotolysis, these microorganisms produce hydrogen by splitting water using sunlight. Researchers are developing methods to optimize algal strains and enhance their hydrogen yield, potentially creating a renewable and scalable source of clean hydrogen.
4. Plasma Gasification: Turning Waste into Hydrogen
Plasma gasification is a cutting-edge technology that uses high-energy plasma arcs to convert organic waste and hydrocarbons into hydrogen-rich syngas. This process not only produces hydrogen but also manages waste materials effectively. Recent advancements in plasma torch technology are making this method more efficient and economically viable for large-scale applications.
5. Electrochemical Hydrogen Production from Sea Water
Producing hydrogen directly from seawater is an exciting development that circumvents the need for freshwater resources. Recent innovations in electrochemical cells and catalysts are improving the efficiency and cost-effectiveness of extracting hydrogen from seawater. This approach could potentially provide a vast and sustainable source of hydrogen, especially in coastal regions.
6. Biomimetic Hydrogen Production: Nature-Inspired Solutions
Inspired by natural processes, biomimetic hydrogen production technologies aim to replicate the way certain organisms generate hydrogen. Researchers are developing biohybrid systems that combine biological components with synthetic materials to create efficient hydrogen production mechanisms. This interdisciplinary approach could lead to breakthroughs in both efficiency and sustainability.
7. Thermochemical Cycles Using Solar Heat
Thermochemical cycles, such as the Sulfur-Iodine (SI) cycle, are advanced methods that use concentrated solar heat to drive chemical reactions for hydrogen production. These cycles involve complex chemical reactions and have the potential to produce hydrogen at high efficiencies. Ongoing research aims to optimize these cycles for practical use, making solar thermal hydrogen production a more viable option.
Conclusion
The landscape of hydrogen production is broadening with these innovative technologies, each offering unique advantages and addressing specific challenges. From harnessing solar energy through advanced PEC cells to exploring the potential of algae and plasma gasification, these emerging methods could play pivotal roles in creating a sustainable hydrogen economy. As research progresses, the integration of these technologies could drive significant advancements in clean energy production and contribute to a greener future.
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Innovative Health Care Solutions by Airtech: Clean Partition, Hand Hygiene, Safety Lobby Chairs, and Advanced Air Systems
In healthcare environments, maintaining the highest level of cleanliness and infection control is critical. Airtech, a leading manufacturer of cleanroom, bio-safety, and operating room equipment, provides innovative solutions to ensure healthcare facilities meet the demanding standards of cleanliness, air quality, and safety. From clean partitions to air transfer systems, Airtech offers a range of advanced products that cater to the unique requirements of healthcare, pharmaceutical, biotech, and other industries. Our solutions include clean partitions, clean hand washers and dryers, safety lobby chairs, photocatalytic clean deodorizers, photocatalyst disinfection and deodorization equipment, and air transfer systems all designed to promote hygiene and safety in healthcare settings.
Clean Partition: Versatile Solutions for Infection Control
Airtech's Clean Partition wall system is an innovative, easy-to-install solution specially designed for cleanrooms in pharmaceutical, hospital, and biotech environments. This 60mm-thick partition system offers multi-purpose functionality, making it ideal for creating various clean air equipment such as Clean Benches, Clean Booths, Clean Stockers, Fume Hoods, and more.
The Clean Partition system is available in a width of 890mm, offering flexible and efficient use in spaces such as dental operation rooms, body inspection rooms, operation front rooms, and quarantine areas. Whether installed as a wall or ceiling type, the Clean Partition system is designed to prevent infection and maintain a sterile environment in cleanrooms, making it an essential solution for healthcare facilities focused on infection prevention.
Clean Hand Washer & Dryer: Ensuring Consistent Hand Hygiene
Hand hygiene is a top priority in medical facilities, and Airtech's Clean Hand Washer and Dryer is the answer to today’s higher cleanroom standards. Ideal for environments where hand cleanliness is essential, such as hospitals, laboratories, and cleanrooms, this system ensures consistent hand washing methodology across operators.
Our hand washer and dryer are designed for fast, efficient use. Simply place your hands in the wash chamber, and a photoelectric sensor automatically activates the water flow for about seven seconds, followed by HEPA-filtered air that dries the hands in approximately 15 seconds. If additional drying time is needed, users can activate a manual drying button. The system features a compact design with a small footprint (600W x 480D x 1100H), powder-coated steel construction, a porcelain sink, and a 99.99% HEPA filter to ensure optimal hygiene. Airtech offers two models: the Clean Hand Washer & Dryer (AHW-05) and the Clean Hand Dryer (AHD Series), both of which provide reliable, hands-free operation to reduce contamination risks.
Safety Lobby Chairs: Airborne and Droplet Transmission Prevention
Waiting areas in healthcare settings require furniture that not only provides comfort but also promotes safety. Airtech’s safety lobby chairs are designed to prevent airborne and droplet transmission through an advanced airflow system. Each chair features an inlet airflow that absorbs contaminated air from the atmosphere, which then passes through a pre-filter before being processed by a HEPA filter with a fan. This system ensures that the contaminated air is purified and released back into the atmosphere as clean air, enhancing overall air quality in high-traffic areas.
These safety chairs are perfect for hospitals, clinics, and medical facilities where preventing cross-contamination is vital. Airtech offers durable, ergonomic designs that meet the dual needs of comfort and safety, ensuring that both patients and visitors are protected from potential airborne infections.
Photocatalytic Clean Deodorizer: Clean and Fresh Air in Healthcare Environments
Air quality is crucial in healthcare environments, and Airtech’s photocatalytic clean deodorizer is an effective solution for maintaining clean, odor-free air. This air purifier features a built-in titanium dioxide photocatalyst and a HEPA filter, which work together to neutralize odors, bacteria, and viruses. The HEPA filter prevents contamination of the photocatalyst, ensuring long-lasting deodorizing performance.
The photocatalytic clean deodorizer is particularly suited for areas where maintaining fresh air is essential, such as waiting rooms, patient wards, and staff lounges. Its ability to purify and deodorize the air enhances the overall environment, creating a more pleasant experience for both patients and staff.
Photocatalyst Disinfection and Deodorization Equipment: Advanced Air and Surface Cleaning
Airtech’s photocatalyst disinfection Sterilization equipment offers a powerful solution for disinfecting air and surfaces in healthcare facilities. This equipment uses a photocatalyst combined with a HEPA filter to effectively neutralize harmful particles in the air, providing superior air purification in critical areas such as hospitals, nursing homes, kitchens, and restrooms.
The equipment comes in both HEPA filter built-in and special deodorant models, making it versatile for various healthcare applications. Whether it is reducing odors in restrooms or disinfecting air in operating rooms, Airtech’s photocatalyst equipment is an essential tool for maintaining a clean and safe environment in healthcare facilities.
Air Transfer System: Improving Airflow and Comfort
In healthcare facilities, maintaining proper air circulation is vital to prevent hot and cold spots and improve overall air quality. Airtech’s Air Transfer System (ATS) addresses these common issues, particularly in areas with fixed air circulation, such as offices, cleanrooms, lobbies, and restrooms. In environments like Singapore, where hot and humid weather is prevalent, maintaining indoor air quality and comfort is especially challenging.
The ATS works by introducing fresh air into spaces and eliminating dead air spots, thereby improving air quality and comfort. It helps balance temperatures in facilities with air conditioning, ensuring even airflow and eliminating discomfort caused by hot and cold areas. Whether installed in cleanrooms or general office spaces, Airtech’s ATS provides a simple yet effective solution to managing indoor air quality.
Conclusion: Elevating Healthcare Standards with Airtech’s Solutions
Healthcare environments demand the highest levels of cleanliness, hygiene, and safety, and Airtech is committed to providing the solutions that meet these stringent requirements. From our innovative Clean Partition system to our advanced air transfer technology, Airtech delivers cutting-edge products that enhance infection control, improve air quality, and promote a safer, more comfortable environment for patients, staff, and visitors.
By choosing Airtech, healthcare facilities can be confident in their ability to maintain cleanliness and protect the health and well-being of everyone within their walls. With decades of experience and a commitment to innovation, Airtech continues to set the standard for cleanroom and healthcare equipment worldwide.
#Disinfection Sterilization#Disinfection Sterilization Services Singapore#Clean Air Equipments#Clean Air Equipments Services Singapore
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Silky Smooth Solutions: ✨ Your Hair’s Best Friend!
Acrylic Fiber Market Overview
Acrylic fibers are a type of synthetic fiber that is made of polyacrylonitrile and a comonomer. For a synthetic fiber to be called “acrylic”, it must contain at least 85% of acrylonitrile monomer. Typical comonomers that are used in acrylic fibers are vinyl acetate and vinyl bromide, among others. The increasing demand for the textiles and apparels, along with a rising trend in e-commerce for furniture and upholstery, proves to be great drivers for the acrylic fiber market. Meanwhile, the availability of substitutes can hinder the growth of the market during the forecast period of 2024–2030. In this report, we will take an in-depth look at the acrylic fiber industry outlook and analyse the market share of the acrylic fiber top 10 companies.
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Acrylic fabric is generally not sustainable. The manufacturing process is energy-intensive and chemically hazardous. Acrylic fiber is 30% more energy intensive than polyester. Acrylic fabric is also not biodegradable, and its environmental impact is largely negative. The production processes used to make acrylic fabric harm workers and the ecosystems surrounding manufacturing facilities. Acrylic clothing is one of the major sources of microplastics in the ocean, even higher than other synthetic fibers such as polyester. However, acrylic is recyclable, and increased emphasis is being put to use more and more recycled acrylic fiber to meet today’s standard set by the eco-friendly mindset.
Technological advancements are revolutionizing the acrylic fiber industry, particularly in terms of product innovation and performance enhancements. Companies such as Japan Exlan Co. Ltd. Are using nanotechnology also being increasingly utilized to engineer acrylic fibers with specific functionalities, such as antimicrobial properties or moisture management capabilities, expanding the application possibilities across various industries including apparel, automotive, and home furnishings. Japan Exlan Co., Ltd. successfully developed a photocatalytic deodorant acrylic fiber “SELFCLEAR”, having unique nano-voids and nano-sized photocatalysts in the fiber structure. Malodorous substances are efficiently adsorbed through the nano-voids, and then immediately decomposed by photocatalysis. “SELFCLEAR” shows an excellent odor-eliminating effect on various malodorous substances such as ammonia, aldehydes, acetic acid, hydrogen sulfide and BTX gases.
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COVID-19 Impact
During the COVID-19 pandemic, many industries had suffered a tumultuous time, and it was no different for the acrylic fiber market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed lockdown protocols. According to Textile Exchange, the global fiber production volume had decreased from 111 million metric tonnes in FY 2019 to 109 million metric tonnes in FY 2020.
However, the 2022 Materials Market Report from Textile Exchange shows that global fiber production increased to a record 116 million tonnes in 2022. The situation is now improving as the world population is undergoing vaccination and governments across the globe are lifting lockdown protocols. As such, the acrylic fiber industry is projected to grow in the forecast period of 2024–2030.
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Report Coverage
The report: “Acrylic Fiber Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the acrylic fiber industry.
By Form: Continuous/Filament Fiber, and Non-continuous/Staple Fiber.
By Blend: Acrylic-Wool, Acrylic-Viscose, Acrylic-Nylon, Acrylic-Cotton, and Others.
By End-Use Industry: Textiles & Apparel, Furniture & Upholstery, Industrial, Building & Construction, Automotive, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).
Key Takeaways
•The Asia-Pacific region dominates the acrylic fiber market primarily due to the growing textile & apparel industry in the region, especially in China, Japan, India, and Bangladesh.
•Acrylic fibers are primarily used as linings in the production of textiles and fabrics. This is because they provide superior resistant properties and have excellent wicking ability that offer moisture absorption properties.
•The increase in demand of the global textile and apparel industry, as well as the furniture and upholstery sector, prove to be great drivers for the growth of the acrylic fiber market within the forecast period of 2024–2030.
•The availability of substitutes like polyester, polyamide and polypropylene amongst synthetic fibers can prove to be a restraint for the growth of the acrylic fiber market within the forecast period.
Acrylic Fiber Market Analysis — By Blend
The Acrylics-wool blends segment held the largest share in the acrylic fiber market in 2023 with a share of 23%. Acrylic fibers are blended with other different types of fibers such as wool, nylon, and cotton, to enhance its properties and produce more resilient fiber. Acrylic-wool blends provide excellent durability, washability, resistance to shrinkage and so on. It is widely used in making sportswear and are used to make circular knitted goods in the textile industry. According to Textile Exchange, wool is the most preferred animal fiber with a total production of 1.2 million tons in 2023. New developments in the production of wool are also propelling the segment. For instance, Responsible Wool Standard (RWS) certified wool has recached a share of 24.3% in the global wool market in 2023.
Acrylic Fiber Market Analysis — By End-Use Industry
The textile & apparel industry held the largest share in the acrylic fiber market in 2023 and is expected to grow at a CAGR of 4.5% during 2024–2030. Acrylic fibers are primarily used as linings for textiles and furnishing fabrics in the textile and apparel industry. It is manufactured as a filament, then cut into short staple lengths, and is spun into yarn. Acrylic fibers are resistant to moths, oils, and chemicals and also provides a soft and warm feel while also being lightweight. It also has excellent wicking ability, which lets the acrylic fiber fabric absorb moisture from sweating and transfer it to the outer surface where it is evaporated. The readymade apparel market is estimated to be growing at a CAGR of 8.3% and reach a value of US$ 1.612 trillion by 2030. Thus, it would also propel the acrylic fiber market growth within the forecast period of 2024–2030.
Acrylic Fiber Market Analysis — By Geography
Asia-Pacific region dominated the acrylic fiber market with a share of 59.4% in the year 2023. Due to the rising growth of the textile industry, especially in countries such as China, India, Malaysia, Australia, and Korea, the demand for acrylic fiber has seen a rise in the region. According to Textile Technology, the production of fiber in India is estimated to have been 1.5 million tonnes in FY 2023. The Indian textiles and apparel industry also contributed to 2% of the GDP and 7% of the total industry output. It also holds 5% of the world’s textile and clothing trade and contributes 12% to export earnings in the year 2023. China is the world’s leading producer of acrylic fibers accounting for over 30% of the global production. Additionally, according to the Malaysian Investment Development Authority, there has been an increase in investment in the textile and apparel industry in Malaysia, which was estimated to be about USD $ 3.3 billion in 2023.
Acrylic Fiber Market Drivers
The growing demand for fashion and the global apparel market:
The demand for clothing and apparels has seen a tremendous rise in the last few years with a change in the financial landscape and the introduction of fast fashion being some of the primary catalysts for the market. Clothing item consumption in developing countries are especially picking up the pace due to a rapid increase in their GDP. China, and India are projected to be the fastest growing countries in the industry as they are investing heavily in the market. Schemes, such as the USD $ 1.44 billion Production Linked Incentive (PLI) schemes by the Indian government, greatly helps the textile manufacturers in the country. According to TEXtalks China’s garment export also reached USD $ 223.14 billion in 2023. Additionally, according to Business Finland, the global apparel market is estimated to be growing at a CAGR of 3.6% and reach a value of US$ 3.22 trillion by 2030. Acrylic fibers are one of the key providers for the textile and apparel market and the growing demand for the textile and apparel market proves to be a great driver for the global apparel industry.
The increase in e-commerce for the furniture & upholstery market:
Acrylic fibers are widely used in the furniture and upholstery market as one of the staple fabrics used in furnishing. One of the key driving factors for the acrylic fiber market is the increase in demand for the furniture & upholstery market. The e-commerce space for furniture & upholstery has seen a steady rise due to the ease of viewing products and availability. This was further bolstered by the Covid-19 pandemic as stay-at-home culture and social distancing became common norms. This led to an increase in sales of furniture and upholstery online. According to India Brand Equity Foundation (IBEF), the online retail market in India is estimated to reach 37% of the total retail market by 2030, the furniture eCommerce market revenue will reach $252 billion in 2023. Along with that, an increased interest in eco-friendly furniture and flexible workspaces have garnered more investment in the industry. Hence, this is a key driving factor for the acrylic fiber market within the forecast period of 2024–2030.
Acrylic Fiber Market Challenges
Availability of substitutes for acrylic fibers:
Acrylic fiber is one of many different types of synthetic fiber used in the market. As such, there is a wide variety of substitutes for the material. For instance, some of the commonly used synthetic fibers are polyester, polyamide, and polypropylene. Polyester fibers are the most widely used synthetic fiber in the world, primarily due to its durability, lightweight form factor, and strong fastness to dyes. According to Textile Exchange, polyester fibers hold the largest share in the synthetic fiber space, with a market share of 60% in 2023. As such, the biggest challenge for the acrylic fiber market is the availability of substitutes for acrylic fiber during the forecast period of 2024 to 2030.
Acrylic Fiber Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the acrylic fiber market. The key companies in the acrylic fiber market are:
1. Aditya Birla Group (Thai Acrylic Fibre Co. Ltd.)
2. Aksa Akrilik Kimya Sanayii A.S.
3. Kairos Industries (Dralon GmbH)
4. Jilin Qifeng Chemical Fiber Company Ltd.
5. Indian Acrylics Ltd.
6. Taekwang Group (Taekwang Industry Co, Ltd.)
7. Kaneka Corporation
8. Japan Exlan Co. Ltd.
9. M&G Group (Chemtex Group)
10. SINOPEC
Recent Developments
• On 18 October, 2023, Thai Acrylic Fibre Co. Ltd.’s showcased Regel™, which is a recycled acrylic fibre, and other sustainable innovations in the Textile Exchange Conference 2023, London.
• In March 2023, Indian Acrylics Ltd. Announced that it has commissioned a new plant for acrylic fiber manufacturing. They claim that that the plant has a capacity of 50,000 tonnes per year.
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