(1888PressRelease)
September 22, 2008 - The US$550 million acrylic fiber industry has been reporting poor performance over the past few years. Sixty-one producers spread across 56 countries with a little less than 3 million tons capacity is facing a severe demand crunch and sharp rise in input cost. In 2007, consumption declined 6% over 2006 while production fell by over 9%.
The predicament was the doubling of prices of acrylonitrile – the major raw material, in the last four years. Product price during the same period was up by 50-60% implying the inability of the ASF producers to pass-on the rising costs. Further, ASF producers were seeking alternative for acrylonitrile or diverting to other form of production – particularly - acrylic filament, a precursor to carbon fibre production.
In this scenario, investment is hard to come in the acrylic fibre business. Ac-cording to YnFx demand for ASF would increase at an annual rate of growth of 2.3% between 2008 and 2013, with demand peaking in 2009. With no major capacity built-up and slow pace on demand would see capacity utilization rising and the reduction in oversupply gap.
This “Acrylic Chain Report: 2008” contains 70 pages packed with up-to-date statistics and objective analysis of the trends in demand and Supply on the entire value chain beginning from propylene further to intermediate – Acry-lonitrile, down to acrylic fiber. The Report presents tabulation and graphical presentation of trends in demand and supply of acrylic chain across countries from 2003 to 2007 and projections upto 2013 for Acrylic Staple Fibre. Major in-vestments and capacity shut down are also captured extensively. Processes description, end use and derivatives along with the latest producer-wise ca-pacity are added feature of this report.
You may view the detailed Table of Contents of the report here: Report TOC
To get the complete analyzed report on the acrylic chain industry please contact us at sales ( @ ) ynfx dot com or call us at 91 22 66291150
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