Polyacrylonitrile (PAN) Market Industry Analysis and Opportunity Assessment 2022
Polyacrylonitrile (PAN) fibers are widely used in making tents, tennis rackets, and fishing rods. Polyacrylonitrile is an organic fiber resin with a linear formula (C3H3N)n. It possesses thermoplastic properties and does not melt under normal conditions. It is a very versatile monomer and has wide applications which include filtration membranes, reverse osmosis fibers, and textile fibers. PAN is produced using radical polymerization of acrylonitrile.
Polyacrylonitrile (PAN) fibers are widely used in making tents, tennis rackets, and fishing rods. Polyacrylonitrile is an organic fiber resin with a linear formula (C3H3N)n. It possesses thermoplastic properties and does not melt under normal conditions. It is a very versatile monomer and has wide applications which include filtration membranes, reverse osmosis fibers, and textile fibers. PAN is produced using radical polymerization of acrylonitrile.
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<strong>Polyacrylonitrile</strong> (<strong>PAN</strong>) <strong>Market</strong> Share, Trend & Dem<strong>and</strong><br />
<strong>Analysis</strong>: Forecast to <strong>2022</strong><br />
<strong>Polyacrylonitrile</strong> (<strong>PAN</strong>) <strong>Industry</strong> Report provides in-depth analysis of Chemical<br />
industry by Proposition, Development, Opportunistic Growth, Economic<br />
Trends, Technologies Research, Segmentation, Key Futuristic, Investment<br />
Feasibility, Major Key players, SWOT <strong>Analysis</strong> <strong>and</strong> Forecast.<br />
Global <strong>Polyacrylonitrile</strong> <strong>Market</strong> dem<strong>and</strong> is expected to witness a steady growth on account of its<br />
increasing usage as a fiber. <strong>Polyacrylonitrile</strong> (<strong>PAN</strong>) fibers are widely used in making tents, tennis<br />
rackets, <strong>and</strong> fishing rods. <strong>Polyacrylonitrile</strong> is an organic fiber resin with a linear formula (C3H3N)n. It<br />
possesses thermoplastic properties <strong>and</strong> does not melt under normal conditions. It is a very versatile<br />
monomer <strong>and</strong> has wide applications which include filtration membranes, reverse osmosis fibers, <strong>and</strong><br />
textile fibers. <strong>PAN</strong> is produced using radical polymerization of acrylonitrile. <strong>PAN</strong> was first<br />
commercially br<strong>and</strong>ed <strong>and</strong> produced on a large scale by DuPont named as Orlon. <strong>PAN</strong> application as<br />
a precursor for carbon fiber manufacturing is the major factor driving the overall market dem<strong>and</strong>. More<br />
than half of <strong>PAN</strong> is used for as an intermediate for carbon fiber production. Carbon fibers are highly<br />
used in aerospace, civil engineering <strong>and</strong> competition sports.<br />
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https://www.millioninsights.com/industry-reports/polyacrylonitrile-pan-market<br />
Usage of polyacrylonitrile as a textile fiber is a major application driving the overall dem<strong>and</strong>. This<br />
compound is used in the manufacturing of knitted clothing including socks <strong>and</strong> sweaters.
Their low density, high strength, <strong>and</strong> thermal stability make them an important raw material for tent<br />
manufacturing <strong>and</strong> yacht sails. Further, its application in the manufacturing of sports equipment has<br />
been driving the market dem<strong>and</strong> in recent years. These high strength fibers are used to make tennis &<br />
badminton rackets <strong>and</strong> other sports equipment.<br />
High tensile strength <strong>and</strong> superior mechanical properties have made <strong>PAN</strong> an important polymer in<br />
high-tech applications. Commercial <strong>and</strong> military aircraft make use of <strong>PAN</strong> in manufacturing composite<br />
structures. They are found in high-tech applications such as missiles, propellant rocket motors, <strong>and</strong><br />
pressure vessels. Availability of alternative fibers is expected to hamper the growth of overall industry<br />
in near future. Advancement of technology has resulted in the development of new polymer fibers<br />
which is expected to challenge the <strong>PAN</strong> industry. These fibers are relatively expensive when compared<br />
to their substitutes which include glass <strong>and</strong> plastic fibers. Strict government regulations related to safe<br />
manufacturing practices are expected to increase the overall manufacturing cost. <strong>Market</strong> segmentation<br />
is done on the basis of the application which includes commercial <strong>and</strong> high-tech uses. Commercial<br />
application account for maximum segment shares owing to its high usage in textiles. Segmentation<br />
dem<strong>and</strong> for high-tech application is increasing in the military sector on account of rising military budget<br />
for sophisticated equipment.<br />
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Asia Pacific has been the leading market in recent years in terms of dem<strong>and</strong> <strong>and</strong> is expected to continue<br />
its increasing application in textiles. China has shown substantial production <strong>and</strong> consumption of <strong>PAN</strong><br />
for the manufacturing of socks <strong>and</strong> sweaters. Emerging economies such as India <strong>and</strong> China are expected<br />
to witness a significant growth on account of high investment in manufacturing. Further, regional<br />
dem<strong>and</strong> is followed by North America mainly on account of high-tech applications. The U.S market<br />
has seen a significant usage in the military <strong>and</strong> commercial aircraft. Europe is expected to show a steady<br />
growth over the forecast period with increasing dem<strong>and</strong> from sports equipment manufacturing. South<br />
America <strong>and</strong> Africa is expected to witness a stagnant growth owing to the slow growth of overall<br />
development of application industries.<br />
Major players operating in the market are DuPont, Dralon, Toray, Mitsubishi Rayon, <strong>and</strong> Sinopec<br />
Group. Companies are focussing on research <strong>and</strong> development in order to find out new applications for<br />
polyacrylonitrile. This is expected to diversify the application portfolio <strong>and</strong> therefore propelling the<br />
dem<strong>and</strong> in near future.
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate of <strong>Polyacrylonitrile</strong> (<strong>PAN</strong>) in these regions,<br />
from 2012 to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
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https://www.millioninsights.com/industry/chemicals<br />
Global <strong>Polyacrylonitrile</strong> (<strong>PAN</strong>) market competition by top manufacturers, with production,<br />
price, revenue (value) <strong>and</strong> market share for each manufacturer; the top players including<br />
• DOLAN<br />
• MemPro<br />
• AKSA<br />
• Montefibre<br />
• Dralon<br />
• Formosa Plastics<br />
• Unichem<br />
• Toray
• Taekwangsf<br />
• TOYOBO<br />
• Mitsubishi Rayon Group<br />
• TAF<br />
• Pasupati Acrylon<br />
• Fisipe<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split into<br />
• Acrylic Staple Fiber<br />
• Acrylic Tow<br />
• Acrylic Top<br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for major<br />
applications/end users, consumption (sales), market share <strong>and</strong> growth rate of <strong>Polyacrylonitrile</strong><br />
(<strong>PAN</strong>) for each application, including<br />
• Filtration<br />
• Textiles<br />
• Fiber-Reinforced Concrete<br />
• Outdoor<br />
• Carbon Fiber<br />
• Others<br />
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https://www.millioninsights.com/industry-reports/polyacrylonitrile-pan-market
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