Global Polyacrylonitrile Fiber
Market Report
2025
The Global Polyacrylonitrile Fiber market size will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. 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 Polyacrylonitrile Fiber Market Report 2024.
According to Cognitive Market Research, The Global Polyacrylonitrile Fiber market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|---|
Global Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.8% |
North America Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 7.3% |
Europe Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 7.5% |
Asia Pacific Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 10.3% |
South America Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 8.3% |
Middle East and Africa Polyacrylonitrile Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 8.4% |
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 |
|
Report scope is customizable as we have a huge database of Polyacrylonitrile Fiber industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Polyacrylonitrile Fiber Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polyacrylonitrile (PAN) is a hard, rigid, and semi-crystalline organic thermoplastic resin resistant to most solvents and chemicals. It is prepared by free radical polymerization of acrylonitrile. It is a versatile polymer with properties involving low density, thermal stability, high strength, and modulus of elasticity—growth fuelled by growing demand for high-performance textiles and rising applications in non-textile sectors.
In October 2022, Sinopec Shanghai Petrochemical Co. Ltd. (SPC) successfully produced China's first batch of large tow carbon fibre at the company's production base in Shanghai.
A key driver in the polyacrylonitrile (PAN) fiber market is the increasing demand within the textile industry. PAN fibers exhibit exceptional strength, durability, and resistance to chemicals and abrasion, making them a preferred choice for applications in textiles. The textile sector utilizes PAN fibers in the manufacturing of high-performance fabrics for various applications, including apparel, home furnishings, and industrial textiles. The robust demand for PAN fibers in the textile industry, driven by the need for versatile and high-quality textile materials, significantly propels the growth of the Polyacrylonitrile Fiber market.
In 2018, Teijin Limited strategically aimed to broaden the sales of Pyromex oxidized PAN fiber for aircraft brake pads. This endeavour involved the conversion of a carbon fibre production line into a Pyromex production line at Toho Tenax America, Inc. with the successful completion of this conversion, the production line is now fully operational and prepared for the commencement of Pyromex fibre production.
(Source: www.teijincarbon.com/products/pyromex/)
Another crucial driver for the polyacrylonitrile fiber market is it's escalating use in carbon fibre production. PAN fibres serve as a precursor material in the production of carbon fibres, a key component in lightweight and high-strength materials extensively used in aerospace, automotive, and other industries. The increasing emphasis on lightweight materials for fuel efficiency and performance enhancement in various applications fuels the demand for PAN fibres as a feedstock for carbon fibre manufacturing.
In 2021, Zoltek Corporation made significant strides in solidifying its dominance in the oxidized PAN (Polyacrylonitrile) fiber market by implementing a strategic expansion plan. One pivotal achievement was the substantial increase in production capacity.
(Source: www.compositesworld.com/news/zoltek-to-expand-global-large-tow-cf-capacity-in-2023)
One key restraint in the polyacrylonitrile (PAN) fiber market is the inherent cost challenges associated with its production. The manufacturing process of PAN fibres involves several complex steps, including the synthesis of acrylonitrile polymers and subsequent stabilization and carbonization processes. The sophisticated production methods and the need for precise temperature control contribute to higher production costs. As a result, the market needs help maintaining competitive pricing, hindering widespread adoption across various industries. Addressing cost concerns in the production chain is crucial to overcoming this restraint and ensuring the broader accessibility of PAN fibers in the market.
The COVID-19 pandemic affected the polyacrylonitrile fiber market significantly. Lockdowns and mask mandates reduced the demand for lip products but increased focus on eye makeup, including eyebrows, as they remained visible. E-commerce and online tutorials became essential for product access and consumer education. Safety measures, such as contactless shopping, also influenced product packaging and testing procedures. The market adapted to changing consumer behaviours during the pandemic, emphasizing the importance of versatility and e-commerce strategies in the beauty industry.
We have various report editions of Polyacrylonitrile Fiber 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 Polyacrylonitrile (PAN) Fiber market is characterized by intense rivalry among key players striving for market dominance and innovation. Leading companies are actively engaged in research and development to enhance the properties and applications of PAN fibers, focusing on meeting the evolving demands of industries such as textiles, aerospace, and medical.
(Source: www.scribd.com/document/659742777/11687333421498-1)
Top Companies Market Share in Polyacrylonitrile Fiber 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.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1.92 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. In the regional analysis, North America boasts a thriving market driven by robust industrialization, technological advancements, and a strong emphasis on research and development. The segmentation analysis reveals a predominant use of PAN fibres in Polyacrylonitrile-based Carbon Fibers, particularly in aerospace and automotive applications. In conclusion, North America's leadership position signifies its pivotal role in shaping the Polyacrylonitrile Fiber market dynamics, reflecting a combination of technological innovation and widespread adoption across diverse industrial sectors.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which Asia-Pacific held as the fastest-growing market of more than 22% of the global revenue with a market size of USD 1.06 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. In the regional analysis, Asia-Pacific showcases a dynamic market characterized by rapid industrialization, increasing infrastructure development, and a surge in demand for advanced materials. The segmentation analysis highlights a predominant use of PAN fibers in diverse applications, including textiles, medical products, and composites, aligning with the region's diverse industrial landscape. In conclusion, the region's remarkable market share and growth reflect its position as a key player in shaping the Polyacrylonitrile Fiber market dynamics, fuelled by technological advancements and a burgeoning demand for innovative materials.
The current report Scope analyzes Polyacrylonitrile Fiber 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
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1.92 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. In the regional analysis, North America boasts a thriving market driven by robust industrialization, technological advancements, and a strong emphasis on research and development. The segmentation analysis reveals a predominant use of PAN fibres in Polyacrylonitrile-based Carbon Fibers, particularly in aerospace and automotive applications. In conclusion, North America's leadership position signifies its pivotal role in shaping the Polyacrylonitrile Fiber market dynamics, reflecting a combination of technological innovation and widespread adoption across diverse industrial sectors.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which Europe market held of more than 30% of the global revenue with a market size of USD 1.44 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. Europe's substantial market share underscores its pivotal role in driving the global PAN Fiber market, emphasizing the region's commitment to technological innovation and sustainable material solutions. Europe solidifies its position as a key player in shaping the Polyacrylonitrile Fiber market dynamics, reflecting both historical industrial strength and a forward-looking approach to advanced materials.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which Asia-Pacific held as the fastest-growing market of more than 22% of the global revenue with a market size of USD 1.06 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. In the regional analysis, Asia-Pacific showcases a dynamic market characterized by rapid industrialization, increasing infrastructure development, and a surge in demand for advanced materials. The segmentation analysis highlights a predominant use of PAN fibers in diverse applications, including textiles, medical products, and composites, aligning with the region's diverse industrial landscape. In conclusion, the region's remarkable market share and growth reflect its position as a key player in shaping the Polyacrylonitrile Fiber market dynamics, fuelled by technological advancements and a burgeoning demand for innovative materials.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion, out of which the Latin America market held more than 5% of the global revenue with a market size of USD 0.24 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. In the regional analysis, Latin America displays a growing interest in PAN fibers, driven by expanding industrial sectors and increasing awareness of advanced materials. The segmentation analysis underscores the region's utilization of PAN fibers in diverse applications, including textiles, composites, and medical products. Despite a modest market share, Latin America's engagement with PAN fibers reflects a developing market poised for expansion. In conclusion, Latin America contributes to the global dynamics of the Polyacrylonitrile Fiber market, showcasing potential growth opportunities as industries in the region continue to integrate advanced fiber solutions into their infrastructures.
According to Cognitive Market Research, the global Polyacrylonitrile Fiber market size was estimated at USD 4.8 Billion out of which Middle East and Africa market held of more than 3.00% of the global revenue with a market size of USD 0.14 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030. In the regional analysis, the Middle East and Africa exhibit a gradual adoption of PAN fibres, influenced by a developing industrial landscape and an increasing focus on advanced technologies. The segmentation analysis highlights the utilization of these fibers in diverse applications, including textiles, composites, and medical products, aligning with the region's diverse industrial landscape. In conclusion, Middle East and Africa contribute to the global dynamics of the Polyacrylonitrile Fiber market, reflecting a region poised for expansion and technological integration.
Global Polyacrylonitrile Fiber Market Report 2024 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 Polyacrylonitrile Fiber Industry growth. Polyacrylonitrile Fiber market has been segmented with the help of its Type, Application , and others. Polyacrylonitrile Fiber 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.
According to Cognitive Market Research, the dominant category in the Polyacrylonitrile (PAN) Fiber market is Polyacrylonitrile-based Carbon Fibers. PAN fibres serve as a crucial precursor in the production of carbon fibres, which find extensive applications in industries such as aerospace, automotive, and construction. The dominance of Polyacrylonitrile-based Carbon Fibers is attributed to their exceptional properties, including high strength, low weight, and resistance to heat. As industries increasingly prioritize lightweight and high-performance materials, the demand for carbon fibres derived from PAN fibres remains robust, solidifying the dominant position of Polyacrylonitrile-based Carbon Fibers in shaping the Polyacrylonitrile Fiber market.
The fastest-growing category in the Polyacrylonitrile Fiber market is the "other" category. This category encompasses emerging applications and innovations that extend beyond the traditional classifications. As industries explore novel uses for PAN fibres, such as in composites, filtration systems, and speciality textiles, the "Other" category experiences rapid growth. The versatility of PAN fibers allows for diverse applications. As new and innovative uses continue to emerge, the other category stands out as the fastest-growing segment, reflecting the dynamic and evolving nature of the Polyacrylonitrile Fiber market.
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 Polyacrylonitrile Fiber Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominant category is the textile Industry. PAN fibres exhibit remarkable properties such as high tensile strength, chemical resistance, and colour retention, making them a primary choice in textile applications. The dominant position of PAN fibers in the textile industry is attributed to their versatile use in manufacturing high-performance fabrics for apparel, home furnishings, and industrial textiles. The demand for PAN fibers in the textile sector is consistently high, driven by the need for durable, lightweight, and cost-effective materials. The dominance of PAN fibers in the Textile Industry underscores their crucial role in shaping the market's trajectory.
The fastest-growing category in the Polyacrylonitrile Fiber market is the medical field. PAN fibers are gaining rapid traction in medical applications due to their biocompatibility, excellent strength-to-weight ratio, and resistance to chemicals. PAN fibers are used in medical textiles, implantable devices, and wound care products. The medical field's increasing reliance on advanced materials for innovative solutions is propelling the rapid growth of PAN fibers in this category. As medical technology continues to advance, PAN fibres' unique properties position them as the fastest-growing category, catering to diverse applications within the dynamic landscape of the Medical Field in the Polyacrylonitrile Fiber market.
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
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
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 Polyacrylonitrile Fiber Market is witnessing significant growth in the near future.
In 2023, the Polyacrylonitrile-based Carbon Fibers segment accounted for noticeable share of global Polyacrylonitrile Fiber Market and is projected to experience significant growth in the near future.
The Textile Industry segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ZOLTEK Corporation , TEIJIN LIMITED 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 | Polyacrylonitrile-based Carbon Fibers, Other |
Application | Textile Industry, Medical Field, Packaging Materials, Other |
List of Competitors | ZOLTEK Corporation, SGL Carbon, TEIJIN LIMITED, Asahi Kasei Corporation, YF International, Zibo Baina New Material Technology Co. Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review Global Polyacrylonitrile Fiber 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 Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review North America Polyacrylonitrile Fiber Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review Europe Polyacrylonitrile Fiber Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review Asia Pacific Polyacrylonitrile Fiber 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 Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review South America Polyacrylonitrile Fiber Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Polyacrylonitrile Fiber. Further deep in this chapter, you will be able to review Middle East and Africa Polyacrylonitrile Fiber Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Polyacrylonitrile Fiber. 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.
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 Polyacrylonitrile Fiber 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.
Why Polyacrylonitrile-based Carbon Fibers have a significant impact on Polyacrylonitrile Fiber market? |
What are the key factors affecting the Polyacrylonitrile-based Carbon Fibers and Other of Polyacrylonitrile Fiber Market? |
What is the CAGR/Growth Rate of Textile Industry during the forecast period? |
By type, which segment accounted for largest share of the global Polyacrylonitrile Fiber Market? |
Which region is expected to dominate the global Polyacrylonitrile Fiber Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|