Released on = May 23, 2006, 4:11 am

Press Release Author = YarnsandFibers

Industry = Apparel & Fashion

Press Release Summary = The \"Acrylic Chain Report: 2006\" contains 80 pages packed
with up-to-date statistics on the entire value chain beginning from propylene
further to intermediate - Acrylonitrile, down to acrylic fiber. The Report presents
tabulation and graphical presentation of trends and status of demand and supply in
acrylic chain across countries. Objective description on the behaviour of individual
segment of the value chain is also presented analytically. Major investments and
capacity shut down are captured briefly. It covers times series on production,
imports, exports and apparent consumption for the period 2000 to 2005. Processes
description, end use and derivatives along with the latest producer-wise capacity
are added feature of this report.

Press Release Body = In 2005, the US$ 5 billion plus acrylic fiber industry expanded
by 5.1% in terms of value and by 2.8% in terms of volume. During the year, global
production of acrylic staple fibre touched 2,791 thousand tons. Acrylic accounts for
8% of all chemical fibre produced in the world. The share has fallen dramatically
from 15% in early 1980s. During the last 5-year period ended 2005, ASF production
has increased at a rate of 1.25% per annum, the slowest growth rate among all
chemical fibres production.

Global acrylic staple fibre production capacity stands at 3,127 thousand tons. Of
this, nearly half is in Asia, and with China accounting for almost a quarter of
global capacity. Japan, on the other hand, shares just 9.5% of global capacity which
has seen consistently dropping from 13.5% in 2000. Turkey has maintained its global
share at 7.8% in the last 5 years.
China has emerged as a leading producer of acrylic staple fibre in the world. It has
production capacity at 900 thousand tons in 2005 has grown by 50% since 2000. In
2005, China produced 865 thousand tons of acrylic staple fibre, which was up by
almost 30% compared to a year ago. China is also a major consumer of acrylic staple
fibre. In 2004, the latest estimates, it consumed about 1,125 thousand tonnes of
acrylic fiber, of which 40% were of imported.

In 2005, acrylic fibre industry was adversely affected by rising raw material cost.
Acrylonitrile was dearer by almost 22-23% in USA, 16-17% in Europe and by 20% in
Asia during 2005. During the time, acrylic staple fiber prices increased at a lesser
pace. They were up 15% in USA, 4% in Europe and 3-5% in Asia.
Acordis Acrylic Fibres and Solutia exited acrylic businesses in 2005. This led to
decommissioning of almost 75,000 tonnes of production capacities. However, the
additions were much more. Mitsubishi Rayon, Hangzhouwan Chemical Fibre and Aditya
Birla Group have commissioned 190,000 tonnes of capacities in China and Egypt. In
the pipeline are capacities aggregating 235,000 tonnes of acrylic staple fiber. The
projects are scheduled to come up in next two years. Turkish company Aksa was also
planning to set up acrylic fibre plant in China.

For detailed report please visit us at:
http://express-press-release.com/submit-press-release.php


Web Site = http://www.YarnsandFibers.com

Contact Details = Mini Nair
Mini@YarnsandFibers.com
YarnsandFibers
Doultaram Mansion
St Kittridge Rd,
Colaba. Mumbai
India - 400 005

Tel No : +91 22 22825252
Fax No: +91 22 22023563