What is Global Polyacrylonitrile (PAN) Fiber Market?
The Global Polyacrylonitrile (PAN) Fiber Market is a vast and dynamic sector that encompasses a wide range of applications and industries. Polyacrylonitrile (PAN) is a synthetic, semicrystalline organic polymer resin, with the linear formula (C3H3N)n. It is used primarily in the creation of carbon fiber, which is renowned for its high strength and light weight. These fibers are used in a variety of applications, from textiles to filtration systems, outdoor equipment, and even fiber-reinforced concrete. The market for PAN Fiber is truly global, with demand and supply chains stretching across continents. The versatility and durability of PAN Fiber make it a valuable commodity in today's fast-paced, high-tech world.
Wet Spinning, Dry Spinning in the Global Polyacrylonitrile (PAN) Fiber Market:
The production of PAN Fiber involves two main methods: Wet Spinning and Dry Spinning. Wet spinning involves dissolving the polymer in a solvent to form a solution, which is then extruded through a spinneret into a coagulation bath. This process forms the fiber, which is then washed, stretched, and dried. On the other hand, Dry Spinning involves dissolving the polymer in a volatile solvent. The solution is then extruded through a spinneret and the solvent is evaporated, leaving behind the fiber. Both methods have their own advantages and disadvantages, and the choice of method depends on the specific requirements of the end product. The global PAN Fiber market is influenced by the advancements and innovations in these production methods.
Textiles, Precursors to carbon fiber, Filtration, Outdoor, Fiber-reinforced concrete, Others in the Global Polyacrylonitrile (PAN) Fiber Market:
The usage of PAN Fiber is widespread and varied. In the textile industry, it is used to produce a variety of fabrics, from clothing to home furnishings. It is also used as a precursor to carbon fiber, a material that is used in a wide range of industries, from aerospace to sports equipment. In the field of filtration, PAN Fiber is used to create filters for air and water purification systems. Outdoor equipment, such as tents and sleeping bags, also make use of PAN Fiber due to its durability and resistance to the elements. Furthermore, PAN Fiber is used in the construction industry, where it is used to reinforce concrete, making it stronger and more durable.
Global Polyacrylonitrile (PAN) Fiber Market Outlook:
Looking at the market outlook, the Global Polyacrylonitrile (PAN) Fiber Market was valued at a substantial US$ 4640 million in 2023. The market is projected to grow steadily, reaching an estimated value of US$ 5533.3 million by 2030. This represents a compound annual growth rate (CAGR) of 2.5% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for PAN Fiber in various industries, as well as advancements in production methods. The market's potential is vast, and it is expected to continue its upward trajectory in the coming years.
| Report Metric | Details |
| Report Name | Polyacrylonitrile (PAN) Fiber Market |
| Accounted market size in 2023 | US$ 4640 million |
| Forecasted market size in 2030 | US$ 5533.3 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | AKSA, Dralon, Mitsubishi Chemical, Aditya Birla Group, Formosa Plastics Corporation, TOYOBO (Exlan), Taekwang, Toray, Kaltex, Montefibre, Pasupati Acrylon, SGL (Fisipe), SDF Group, Indian Acrylics, Sinopec, Jilin Chemical Fiber, CNPC, Jiangsu Zhongxin Group, Zhejiang Hangzhouwan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
