You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

NEW YORK, June 2, 2020 /PRNewswire/ --Global Acrylic Fibers Market 2020-2024 The analyst has been monitoring the acrylic fibers market and it is poised to grow by 251.34 million tons during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on acrylic fibers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Read the full report: https://www.reportlinker.com/p05356593/?utm_source=PRN The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in demand from developing countries and growth in textile and apparel industry. In addition, rise in demand from developing countries is anticipated to boost the growth of the market as well. The acrylic fibers market analysis includes type segment and geographic landscapes The acrylic fibers market is segmented as below: By Type Staple Filament By Geographic Landscapes APAC MEA Europe North America South America This study identifies the increase in demand for acrylic fibers in blended fabrics as one of the prime reasons driving the acrylic fibers market growth during the next few years. The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our acrylic fibers market covers the following areas: Acrylic fibers market sizing Acrylic fibers market forecast Acrylic fibers market industry analysis" Read the full report: https://www.reportlinker.com/p05356593/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com

Answer: The Global Acrylic Fibers Market is expected to grow by 251.34 million tons during 2020-2024 progressing at a CAGR of 3% during the forecast period