Global PAN
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of PAN Market Report 2025.
"Global PAN market size 2025 is $4755 Million whereas according out published study it will reach to $8169.98 Million by 2033. PAN market will be growing at a CAGR of 7% during 2025 to 2033."
As per the current market study, out of 4755 Million USD global market revenue 2025, North America market holds 27.72% of the market share. The North America PAN industry grew from 1034.58 Million USD in 2021 to 1318.09 Million USD in 2025 and will record 78.49% growth. In coming future this industry will reach 2191.19 Million by 2033 with a 6.559% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (78.36%), Canada (13.64%), Mexico (8.00%)
As per the current market study, out of 4755 Million USD global market revenue 2025, Europe market holds 21.40% of the market share. The Europe PAN industry grew from 798.065 Million USD in 2021 to 1017.57 Million USD in 2025 and will record 78.43% growth. In coming future this industry will reach 1723.86 Million by 2033 with a 6.811% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (11.10%), Germany (20.80%), France (9.90%), Italy (4.30%), Russia (12.60%), Spain (6.20%), Sweden (4.60%), Denmark (4.40%), Switzerland (4.00%), Luxembourg (2.80%), Rest of Europe (19.30%)
As per the current market study, out of 4755 Million USD global market revenue 2025, Asia Pacific market holds 37.10% of the market share. The Asia Pacific PAN industry grew from 1338.57 Million USD in 2021 to 1764.1 Million USD in 2025 and will record 75.88% growth. In coming future this industry will reach 3178.12 Million by 2033 with a 7.636% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (39.70%), Japan (10.86%), India (18.70%), South Korea (5.40%), Australia (2.13%), Singapore (2.50%), South East Asia (15.07%), Taiwan (2.70%), Rest of APAC (2.94%)
As per the current market study, out of 4755 Million USD global market revenue 2025, South America market holds 7.30% of the market share. The South America PAN industry grew from 221.282 Million USD in 2021 to 347.115 Million USD in 2025 and will record 63.75% growth. In coming future this industry will reach 604.578 Million by 2033 with a 7.182% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (34.70%), Argentina (12.10%), Colombia (8.00%), Peru (5.00%), Chile (4.50%), Rest of South America (35.70%)
As per the current market study, out of 4755 Million USD global market revenue 2025, Middle East market holds 4.06% of the market share. The Middle East PAN industry grew from 147.279 Million USD in 2021 to 193.053 Million USD in 2025 and will record 76.29% growth. In coming future this industry will reach 290.851 Million by 2033 with a 5.257% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (39.90%), Turkey (23.30%), UAE (11.16%), Egypt (10.80%), Qatar (9.54%), Rest of Middle East (5.30%)
As per the current market study, out of 4755 Million USD global market revenue 2025, Africa market holds 2.42% of the market share. The Africa PAN industry grew from 87.787 Million USD in 2021 to 115.071 Million USD in 2025 and will record 76.29% growth. In coming future this industry will reach 181.373 Million by 2033 with a 5.852% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (25.60%), South Africa (43.60%), Rest of Africa (30.80%)
2021 | 2025 | 2033 | CAGR | |
---|---|---|---|---|
Global PAN Market Sales Revenue | $ 3627.57 Million | $ 4755 Million | $ 8169.98 Million | 7% |
North America PAN Market Sales Revenue | $ 1034.58 Million | $ 1318.09 Million | $ 2191.19 Million | 6.559% |
United States PAN Market Sales Revenue | $ 814.837 Million | $ 1032.85 Million | $ 1706.06 Million | 6.474% |
Canada PAN Market Sales Revenue | $ 139.048 Million | $ 179.787 Million | $ 307.643 Million | 6.945% |
Mexico PAN Market Sales Revenue | $ 80.697 Million | $ 105.447 Million | $ 177.486 Million | 6.725% |
Europe PAN Market Sales Revenue | $ 798.065 Million | $ 1017.57 Million | $ 1723.86 Million | 6.811% |
United Kingdom PAN Market Sales Revenue | $ 86.989 Million | $ 112.95 Million | $ 194.797 Million | 7.05% |
Germany PAN Market Sales Revenue | $ 162.007 Million | $ 211.655 Million | $ 368.907 Million | 7.192% |
France PAN Market Sales Revenue | $ 81.403 Million | $ 100.739 Million | $ 162.043 Million | 6.122% |
Italy PAN Market Sales Revenue | $ 37.509 Million | $ 43.756 Million | $ 67.231 Million | 5.516% |
Russia PAN Market Sales Revenue | $ 103.748 Million | $ 128.214 Million | $ 210.312 Million | 6.381% |
Spain PAN Market Sales Revenue | $ 51.874 Million | $ 63.089 Million | $ 105.156 Million | 6.594% |
Sweden PAN Market Sales Revenue | $ 38.307 Million | $ 46.808 Million | $ 74.988 Million | 6.068% |
Denmark PAN Market Sales Revenue | $ 35.913 Million | $ 44.773 Million | $ 74.126 Million | 6.505% |
Switzerland PAN Market Sales Revenue | $ 33.519 Million | $ 40.703 Million | $ 65.507 Million | 6.129% |
Luxembourg PAN Market Sales Revenue | $ 23.942 Million | $ 28.492 Million | $ 46.544 Million | 6.327% |
Rest of Europe PAN Market Sales Revenue | $ 142.854 Million | $ 196.391 Million | $ 354.254 Million | 7.653% |
Asia Pacific PAN Market Sales Revenue | $ 1338.57 Million | $ 1764.1 Million | $ 3178.12 Million | 7.636% |
China PAN Market Sales Revenue | $ 527.397 Million | $ 700.35 Million | $ 1299.85 Million | 8.037% |
Japan PAN Market Sales Revenue | $ 150.723 Million | $ 191.582 Million | $ 332.431 Million | 7.132% |
India PAN Market Sales Revenue | $ 242.282 Million | $ 329.888 Million | $ 616.555 Million | 8.131% |
South Korea PAN Market Sales Revenue | $ 78.976 Million | $ 95.262 Million | $ 155.728 Million | 6.336% |
Australia PAN Market Sales Revenue | $ 31.189 Million | $ 37.575 Million | $ 61.338 Million | 6.317% |
Singapore PAN Market Sales Revenue | $ 36.141 Million | $ 44.103 Million | $ 73.097 Million | 6.52% |
South East Asia PAN Market Sales Revenue | $ 199.046 Million | $ 265.851 Million | $ 452.564 Million | 6.876% |
Taiwan PAN Market Sales Revenue | $ 38.819 Million | $ 47.631 Million | $ 79.453 Million | 6.605% |
Rest of APAC PAN Market Sales Revenue | $ 34 Million | $ 51.865 Million | $ 107.103 Million | 9.488% |
South America PAN Market Sales Revenue | $ 221.282 Million | $ 347.115 Million | $ 604.578 Million | 7.182% |
Brazil PAN Market Sales Revenue | $ 76.121 Million | $ 120.449 Million | $ 211.602 Million | 7.298% |
Argentina PAN Market Sales Revenue | $ 27.439 Million | $ 42.001 Million | $ 69.526 Million | 6.503% |
Colombia PAN Market Sales Revenue | $ 17.481 Million | $ 27.769 Million | $ 48.971 Million | 7.349% |
Peru PAN Market Sales Revenue | $ 11.507 Million | $ 17.356 Million | $ 29.02 Million | 6.637% |
Chile PAN Market Sales Revenue | $ 10.4 Million | $ 15.62 Million | $ 26.601 Million | 6.881% |
Rest of South America PAN Market Sales Revenue | $ 78.334 Million | $ 123.92 Million | $ 218.857 Million | 7.369% |
Middle East PAN Market Sales Revenue | $ 147.279 Million | $ 193.053 Million | $ 290.851 Million | 5.257% |
Saudi Arabia PAN Market Sales Revenue | $ 58.028 Million | $ 77.028 Million | $ 115.701 Million | 5.217% |
Turkey PAN Market Sales Revenue | $ 34.905 Million | $ 44.981 Million | $ 66.896 Million | 5.086% |
UAE PAN Market Sales Revenue | $ 16.289 Million | $ 21.545 Million | $ 33.448 Million | 5.652% |
Egypt PAN Market Sales Revenue | $ 15.612 Million | $ 20.85 Million | $ 31.994 Million | 5.498% |
Qatar PAN Market Sales Revenue | $ 13.609 Million | $ 18.417 Million | $ 28.038 Million | 5.394% |
Rest of Middle East PAN Market Sales Revenue | $ 8.837 Million | $ 10.232 Million | $ 14.775 Million | 4.7% |
Africa PAN Market Sales Revenue | $ 87.787 Million | $ 115.071 Million | $ 181.373 Million | 5.852% |
Nigeria PAN Market Sales Revenue | $ 22.298 Million | $ 29.458 Million | $ 47.157 Million | 6.058% |
South Africa PAN Market Sales Revenue | $ 38.626 Million | $ 50.171 Million | $ 78.172 Million | 5.7% |
Rest of Africa PAN Market Sales Revenue | $ 26.863 Million | $ 35.442 Million | $ 56.044 Million | 5.895% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of PAN industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
PAN Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Growing Demand for Carbon Fibers: PAN accounts for more than 90% of the world's carbon fiber output and is the main precursor used in its synthesis. The demand for lightweight materials that increase fuel efficiency has led to a 22% increase in the use of PAN-based carbon fibers in the automotive industry.
Growth in Renewable Energy Sector: Because PAN fibers are lightweight and strong, the growing renewable energy sector—especially wind power—is driving up demand for them in the production of wind turbine blades.
Environmental Concerns: Toxic solvents and hazardous waste are used in the production of PAN, which raises regulatory and environmental issues.
Price fluctuations for raw materials: Production costs and profitability may be impacted by changes in the cost of raw materials such as acrylonitrile.
Technological Developments: PAN carbon fiber is becoming more affordable while retaining excellent performance requirements thanks to developments in its production techniques.
Growth in Developing Economies: New prospects for market expansion are being generated by the quick industrialization and infrastructure development in areas such as Asia-Pacific, Latin America, and Africa.
We have various report editions of PAN Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The competitive landscape of the PAN industry provides in-depth profiles of key market players, highlighting major developments like new product introductions, geographic expansions, mergers and acquisitions, strategic partnerships, and joint ventures. The report also offers a comprehensive overview of each company’s business operations, strategies, and financial performance, covering revenue (in USD Million), gross margin (%), and market share (%) from 2021 to 2024. A detailed SWOT analysis is included to evaluate each company’s strengths, weaknesses, opportunities, and threats. Additionally, the report examines how companies have adapted to the impact of COVID-19, including adjustments to supply chains, changes in product offerings, and shifts in consumer engagement strategies. Other critical factors such as technological advancements, sustainability efforts, and competitive positioning are also explored to provide a complete picture of the market dynamics. The above detailed information can be found in the paid report edition.
Top Companies Market Share in PAN Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of PAN Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of PAN market.
Regional analysis in the PAN market involves assessing the specific market conditions, consumer preferences, regulatory environments, and competitive landscapes in different geographical regions. This analysis is crucial for manufacturers looking to expand their operations, tailor products to local preferences, and navigate the unique challenges and opportunities present in each region. In this chapter, we have included detailed quantitative as well as qualitative analysis for each region along with country. This analysis of PAN will help you to understand how the market is growing in a particular region.
The current report Scope analyzes PAN Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global PAN Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing PAN Industry growth. PAN market has been segmented with the help of its Type, Application , and others. PAN market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on current and emerging trends, the market size for the PAN industry is estimated from 2021 to 2032, with a detailed analysis of each Type segment to identify the fastest-growing categories. The report offers both quantitative and qualitative analysis to uncover the driving factors behind the growth of specific segments, such as plant-based foods, functional beverages, organic products, or ready-to-eat meals. Key factors in Type segment analysis include market growth rates, consumer preference shifts, technological advancements, pricing trends, and distribution channel performance for each segment. Additionally, regional demand patterns, supply chain dynamics, and regulatory impacts on each type are explored to provide a comprehensive understanding of the factors influencing growth within the food and beverages industry. This data will be included in the paid version of the report.
Type of PAN analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of PAN Industry. Request a Free Sample PDF!
This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities for each PAN market application from 2021 to 2032. It explores demand across various end-use industries, offering insights into the performance of applications such as ready-to-eat meals, beverages, and snacks. Key factors like market growth, consumer behavior, technological innovations, regulatory impacts, and regional market dynamics are examined. The report also includes value chain analysis, patent trends, company evaluation matrices, and other confidential data to provide a comprehensive view of each application segment’s evolution in the PAN market. You can find this information in the full, paid version of the report.
Some of the key Application of PAN are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
As a Research Analyst with over 3+ years of experience in market research and consumer insights, I specialize in delivering actionable, data-driven solutions across diverse industries, including Consumer Goods, Food & Beverage, and other domains as well. My expertise spans both primary and secondary research, allowing me to effectively analyze trends, assess market opportunities, and guide strategic decisions for clients.
I’ve successfully managed client queries, presales, and post-sales engagements, ensuring seamless communication and delivering high-quality insights that drive business growth. With a strong track record of working with both established brands and startups, I help organizations optimize strategies, enhance customer experiences, and unlock new growth opportunities.
Always eager to stay ahead of industry trends, I thrive in collaborative environments where research meets innovation. My focus is on turning complex data into clear, actionable insights that create real-world impact.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global PAN Market is witnessing significant growth in the near future.
In 2023, the Acrylic Staple Fiber segment accounted for noticeable share of global PAN Market and is projected to experience significant growth in the near future.
The Filtration segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DOLAN GmbH, AKSA (a company of Akkk Holding) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Acrylic Staple Fiber, Acrylic Tow, Acrylic Top |
Application | Filtration, Textiles, Precursors to carbon fiber, Outdoor, Fiber reinforced concrete, Others |
List of Competitors | DOLAN GmbH, MemPro, AKSA (a company of Akkk Holding), Montefibre, Dralon, Formosa Plastics, Unichem, Toray, Taekwangsf, TOYOBO, Mitsubishi Rayon Group, TAF, Pasupati Acrylon, Fisipe, Polimir |
This chapter will help you gain GLOBAL Market Analysis of PAN. Further deep in this chapter, you will be able to review Global PAN Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of PAN. Further deep in this chapter, you will be able to review North America PAN Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of PAN. Further deep in this chapter, you will be able to review Europe PAN Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of PAN. Further deep in this chapter, you will be able to review Asia Pacific PAN Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of PAN. Further deep in this chapter, you will be able to review South America PAN Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of PAN. Further deep in this chapter, you will be able to review Middle East PAN Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of PAN. Further deep in this chapter, you will be able to review Middle East PAN Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of PAN. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global PAN market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Acrylic Staple Fiber have a significant impact on PAN market? |
What are the key factors affecting the Acrylic Staple Fiber and Acrylic Tow of PAN Market? |
What is the CAGR/Growth Rate of Filtration during the forecast period? |
By type, which segment accounted for largest share of the global PAN Market? |
Which region is expected to dominate the global PAN Market within the forecast period? |