Pacific Polyacrylonitrile Market

The Asia Pacific Polyacrylonitrile (PAN) market size was valued at US$ 2.14 billion in 2024 and is projected to reach US$ 2.86 billion by 2030, at a CAGR of 5.0% during the forecast period 2024-2030.

Polyacrylonitrile (PAN) is a synthetic polymer used primarily as a precursor for carbon fiber production, with applications in textiles, filtration, and composite materials.

The Asia Pacific PAN market is robust, driven by the region's dominance in carbon fiber manufacturing. Japan leads with a 35% market share, followed by China at 30% and South Korea at 20%. In 2023, carbon fiber precursor applications accounted for 70% of total PAN consumption, with textile fibers at 20%. The market saw a 12% increase in demand from the aerospace sector for lightweight composites. Key players include Toray Industries (Japan) and Jilin Chemical Fiber Group (China), collectively holding a 50% market share in the region. The industry is investing heavily in capacity expansion, with a 15% increase in PAN fiber production capacity in 2023. Challenges include environmental concerns related to acrylonitrile production, leading to a 10% increase in pollution control investments. Technological advancements have improved PAN-to-carbon fiber conversion efficiency by 8% over the past three years. The market is benefiting from the growing wind energy sector, with a 20% increase in PAN demand for wind turbine blades.

Report Includes

Pacific Polyacrylonitrile Market is an essential reference for who looks for detailed information on Asia Pacific Polyacrylonitrile (PAN) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Polyacrylonitrile (PAN) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Polyacrylonitrile Market aims to provide a comprehensive presentation of the Asia Pacific Polyacrylonitrile (PAN) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Polyacrylonitrile (PAN) . Pacific Polyacrylonitrile Market contains market size and forecasts of Polyacrylonitrile (PAN) in Asia Pacific, including the following market information:

We surveyed the Polyacrylonitrile (PAN) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Homopolymer PAN

•    Copolymer PAN

•    Modified PAN

by Application:

•    Acrylic Staple Fiber

•    Acrylic Tow

•    Carbon Fiber Precursors

•    Textile Fibers

•    Industrial Fibers

•    Filtration

•    Membranes

•    Resins

•    Gel Spinning

•    Others

key players include: (At least 8-10 companies included)

•    Mitsubishi Chemical Corporation

•    Toray Industries, Inc.

•    Formosa Plastics Corporation

•    Dralon

•    Sinopec Shanghai Petrochemical Company Limited

•    Jilin Chemical Fiber Group Co., Ltd.

•    Indian Acrylics Limited

•    Tong-Hwa Synthetic Fiber Co., Ltd.

•    Vardhman Acrylics Ltd.

•    Thai Acrylic Fiber Co. Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Polyacrylonitrile (PAN) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Polyacrylonitrile (PAN) revenues share in Asia Pacific market, 2023 (%)

•    Key companies Polyacrylonitrile (PAN) sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Polyacrylonitrile (PAN) sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Polyacrylonitrile (PAN)

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Polyacrylonitrile (PAN) capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Polyacrylonitrile (PAN) manufacturers

•    Polyacrylonitrile (PAN) forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.