Global Polyacrylonitrile Pan Based Carbon Fiber
Market Report
2025
The Global Polyacrylonitrile Pan Carbon Fiber market size will expand at a compound annual growth rate (CAGR) of 6.50% 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.
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According to Cognitive Market Research, The Global Polyacrylonitrile Pan Carbon Fiber market size will be USD XX billion in 2023. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.5% |
North America Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.3% |
Europe Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.5% |
Asia Pacific Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 8.3% |
South America Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.3% |
Middle East and Africa Polyacrylonitrile Pan Based Carbon Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Polyacrylonitrile Pan Based Carbon Fiber Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polyacrylonitrile (PAN)--based carbon fibre is a type of carbon fibre that is derived from polyacrylonitrile, a synthetic polymer. The production process involves the polymerization of acrylonitrile monomers, which results in the formation of long-chain polyacrylonitrile fibres. The surging demand for carbon fibres in the aerospace & defence industry and the growth in the wind energy sector are also contributing to the growth of the product market.
For instance, in July 2022, Hexcel signed a long-term agreement with Dassault to supply carbon fibre prepreg for the Falcon 10X program. This is the first Dassault business jet program to incorporate high-performance advanced carbon fibre composites in manufacturing its aircraft wings.
One key driver fueling the polyacrylonitrile (Pan) based carbon fiber market is the rising demand in the aerospace industry. The aerospace sector has a growing need for lightweight, high-strength materials to enhance the fuel efficiency and the overall performance of aircraft. Polyacrylonitrile-based carbon fibres offer an excellent combination of strength and low weight, making them an ideal choice for aircraft components. As the aerospace industry continues to expand globally, with increased production of commercial and military aircraft, the demand for Pan-based carbon fibre is expected to surge. This dynamic is further accentuated by the ongoing trend towards fuel efficiency and sustainability, driving manufacturers to seek advanced materials for next-generation aerospace applications.
April 2022, Hexcel and Archer Aviation Inc. entered into a letter of intent covering a proposed relationship for supplying high-performance carbon fibre material that would be used to manufacture Archer's production aircraft.
Another significant driver in the Polyacrylonitrile (Pan) Based Carbon Fiber Market is the growing adoption of carbon fibre in the automotive industry. With an increasing emphasis on lightweighting to enhance fuel efficiency and reduce emissions, automotive manufacturers are turning to advanced materials like Pan-based carbon fiber for structural components. The unique properties of these fibres, such as their high strength-to-weight ratio and durability, make them attractive for use in components like chassis, body panels, and interiors. As the automotive industry transforms electric vehicles (EVs) and hybrid models, the demand for lightweight materials like Pan-based carbon fibre is expected to rise, driving market growth in this dynamic sector.
In February 2022, Teijin Limited announced to form a partnership with the Japan-based recycled carbon fibres manufacturer Fuji Design Co. Ltd to establish a business for producing, supplying, and commercializing carbon fibre reinforced plastic products derived from recycled carbon fibres using carbon fibre with a low environmental impact process.
(Source: www.teijin.com/news/2022/02/24/20220224_01.pdf)
one key restraint lies in the challenges associated with cost competitiveness. The production of Pan-based carbon fibres involves complex and energy-intensive processes, including the stabilization and carbonization of polyacrylonitrile precursor fibres. These manufacturing processes contribute significantly to the overall production costs. As a result, the cost of Pan-based carbon fibres is comparatively higher than traditional materials, such as steel or aluminium, posing a challenge for widespread adoption across various industries.
The polyacrylonitrile (PAN)-based carbon fiber market experienced notable impacts due to the COVID-19 pandemic. The global disruptions in supply chains, manufacturing operations, and reduced demand across various industries posed challenges to the carbon fibre market, including PAN-based carbon fibre. Lockdowns, travel restrictions, and economic uncertainties led to delays in project timelines, affecting the demand for lightweight and high-strength materials in industries such as aerospace and automotive. Additionally, fluctuations in raw material prices and logistical constraints further impacted the production and distribution of PAN-based carbon fibre.
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The polyacrylonitrile (Pan) based carbon fiber market exhibits an intense competitive landscape characterized by a constant drive for technological innovation and strategic collaborations among key industry players. Leading manufacturers are actively engaged in research and development efforts to enhance the properties of Pan-based carbon fibres, addressing the evolving demands of end-use industries such as aerospace, automotive, and industrial applications.
(Source: www.m-chemical.co.jp/en/news/2021/1211322_7669.html)
Top Companies Market Share in Polyacrylonitrile Pan Based Carbon Fiber Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. North America asserts its dominance in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, fueled by the flourishing aerospace and automotive sectors. The region's robust demand for lightweight, high-performance materials in aircraft and automotive manufacturing positions Pan-based carbon fibres at the forefront. In the regional analysis, North America showcases a strong market presence driven by the mature aerospace and automotive industries. Segmentation analysis underscores the concentration of Pan-based carbon fiber applications in these sectors, solidifying North America's leadership position in the global market. In conclusion, the region's strategic focus on sustainability and innovation cements its dominance in the Polyacrylonitrile (Pan) Based Carbon Fiber Market.
According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which Asia Pacific held the fastest growing market of more than 22% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. Asia Pacific emerges as the fastest-growing region in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, driven by robust industrialization and a thriving automotive sector. The region, particularly in countries like China and India, experiences significant demand for lightweight, high-strength materials to support rapid economic growth. In the regional analysis, Asia Pacific stands out as the fastest-growing hub, driven by a dynamic manufacturing landscape, substantial technological investments, and a strategic commitment to sustainable solutions, presenting enticing opportunities for market players across diverse industries.
The current report Scope analyzes Polyacrylonitrile Pan Based Carbon 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
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According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. North America asserts its dominance in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, fueled by the flourishing aerospace and automotive sectors. The region's robust demand for lightweight, high-performance materials in aircraft and automotive manufacturing positions Pan-based carbon fibers at the forefront. In the regional analysis, North America showcases a strong market presence driven by the mature aerospace and automotive industries. Segmentation analysis underscores the concentration of Pan-based carbon fiber applications in these sectors, solidifying North America's leadership position in the global market. In conclusion, the region's strategic focus on sustainability and innovation cements its dominance in the Polyacrylonitrile (Pan) Based Carbon Fiber Market.
According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which the Europe market held more than 30% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. Europe emerges as a pivotal player in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, driven by advancements in automotive lightweighting and renewable energy applications. The region's automotive sector, propelled by a commitment to sustainability and stringent emission standards, increasingly embraces Pan-based carbon fibers for enhanced vehicle efficiency. The presence of key aerospace manufacturers adds to the region's prominence in the Pan-based carbon fiber industry. In a comprehensive regional analysis, Europe stands out as a vital market, leveraging technological expertise, environmental consciousness, and strategic collaborations to propel the adoption of Pan-based carbon fibers across diverse industrial applications.
According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which Asia Pacific held the fastest growing market of more than 22% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. Asia Pacific emerges as the fastest-growing region in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, driven by robust industrialization and a thriving automotive sector. The region, particularly in countries like China and India, experiences significant demand for lightweight, high-strength materials to support rapid economic growth. In the regional analysis, Asia Pacific stands out as the fastest-growing hub, driven by a dynamic manufacturing landscape, substantial technological investments, and a strategic commitment to sustainable solutions, presenting enticing opportunities for market players across diverse industries.
According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which the Latin America market held more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. Latin America emerges as a region with growing opportunities in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, notably fueled by advancements in aerospace and infrastructure development. Concurrently, infrastructure development projects spanning construction and transportation further contribute to the rising adoption of Pan-based carbon fibers in diverse applications. Latin America presents a dynamic market with untapped potential in regional analysis, marked by industrial growth and strategic investments. Segmentation analysis highlights the versatility of Pan-based carbon fibers, catering to the evolving needs of Latin America's expanding industrial landscape. In conclusion, Latin America stands as an emerging player, offering a compelling landscape for the adoption and integration of Pan-based carbon fibres across various industries.
According to Cognitive Market Research, the global Polyacrylonitrile Pan Carbon Fiber market size was estimated at USD XX Billion, out of which the Middle East and Africa market held more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The Middle East and Africa region exhibit accelerated growth in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, propelled notably by advancements in the aerospace and energy sectors. The aerospace industry witnesses a heightened demand for lightweight, high-strength materials, positioning Pan-based carbon fibers as integral components for aircraft. In the regional analysis, the Middle East and Africa present a burgeoning market with significant potential, characterized by strategic investments and a focus on technological advancements. Segmentation analysis underscores the versatility of Pan-based carbon fibres, aligning with the unique requirements of the region's expanding industrial landscape. In conclusion, the Middle East and Africa emerge as key players, contributing significantly to the global market with the adaptability of Pan-based carbon fibres to diverse industrial needs.
Global Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber Industry growth. Polyacrylonitrile Pan Based Carbon Fiber market has been segmented with the help of its Type, Application , and others. Polyacrylonitrile Pan Based Carbon 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, long fibre stands out as the dominant category in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, primarily due to its widespread preference for structural applications. Long-fibre carbon composites exhibit superior strength, stiffness, and load-bearing capabilities, making them ideal for applications where structural integrity is critical. Industries such as aerospace and automotive rely on long fiber carbon composites for components like aircraft fuselages, automobile chassis, and structural reinforcements.
Short fiber emerges as the fastest-growing category in the Polyacrylonitrile (Pan) Based Carbon Fiber Market, driven by advancements in high-volume manufacturing. Short fibre carbon composites offer advantages in terms of ease of processing and faster production cycles, making them increasingly attractive in industries with high-volume manufacturing requirements. The automotive sector, in particular, benefits from the rapid moulding capabilities of short-fibre composites, enabling the cost-effective production of components like interior panels and non-structural elements.
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According to Cognitive Market Research, the dominant category is water treatment, owing to the increasing global demand for sustainable and efficient water purification solutions. Pan-based carbon fibers exhibit exceptional adsorption properties, effectively removing contaminants and impurities from water. As environmental concerns grow, the emphasis on clean water sources intensifies, driving the adoption of Pan-based carbon fibers in water treatment applications. Their high surface area and porosity make them highly effective in adsorbing pollutants, making water treatment a dominant application within the market.
The fastest-growing category in the Polyacrylonitrile (Pan) Based Carbon Fiber Market is air purification, fueled by the escalating global focus on indoor air quality. Pan-based carbon fibers excel in air purification applications due to their ability to adsorb volatile organic compounds (VOCs) and other airborne pollutants. With increasing urbanization and a growing awareness of the health impacts of indoor air pollution, the demand for efficient air purification technologies has surged. Pan-based carbon fibers offer a versatile solution for air purification systems, contributing to the fastest-growing segment within the market.
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The Global Polyacrylonitrile Pan Based Carbon Fiber Market is witnessing significant growth in the near future.
In 2023, the Long Fiber segment accounted for noticeable share of global Polyacrylonitrile Pan Based Carbon Fiber Market and is projected to experience significant growth in the near future.
The Solvent Recovery segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hexcel Corporation (US) , Mitsubishi Chemical Corporation (Japan) 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.
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Type | Long Fiber, Short Fiber |
Application | Solvent Recovery, Air Purification, Water Treatment, Catalyst Carrier, Others |
List of Competitors | Hexcel Corporation (US), Hyosung Corporation (South Korea), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Cytec Industries Inc (US), SGL Carbon (Germany), Toray Industries Inc. (Japan), Formosa Plastics Corporation (Taiwan) |
This chapter will help you gain GLOBAL Market Analysis of Polyacrylonitrile Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review Global Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review North America Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review Europe Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review Asia Pacific Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review South America Polyacrylonitrile Pan Based Carbon 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 Pan Based Carbon Fiber. Further deep in this chapter, you will be able to review Middle East and Africa Polyacrylonitrile Pan Based Carbon Fiber Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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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 Pan Based Carbon 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.
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 Pan Based Carbon 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 Long Fiber have a significant impact on Polyacrylonitrile Pan Based Carbon Fiber market? |
What are the key factors affecting the Long Fiber and Short Fiber of Polyacrylonitrile Pan Based Carbon Fiber Market? |
What is the CAGR/Growth Rate of Solvent Recovery during the forecast period? |
By type, which segment accounted for largest share of the global Polyacrylonitrile Pan Based Carbon Fiber Market? |
Which region is expected to dominate the global Polyacrylonitrile Pan Based Carbon Fiber Market within the forecast period? |
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Additional Qualitative Data |
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