Polyacrylonitrile is a semicrystalline synthetic polymer resin (acrylic resin). Commonly abbreviated as PAN, Polyacrylonitrile’s empirical formula is (C3H3N)n. It is a hard rigid thermoplastic material that is resistant to most solvents and chemicals, slow to burn and has low permeability to gases. Polyacrylonitrile can also be carbonized for battery applications.
There are many Polyacrylonitrile manufactures in the world, global Polyacrylonitrile production will reach about 3000K MT in 2016 from 2700K MT in 2011. The average growth is about 4.6% from 2011 to 2016. Polyacrylonitrile production main focus on China, Europe, Japan and USA Polyacrylonitrile production took about 90%, China Polyacrylonitrile production took about 40% of total market in 2015.
Global demand of Polyacrylonitrile has maintained steady growth, the growth rate is around 4.6%, and similar to production growth. Polyacrylonitrile major type is Acrylic Staple Fiber, Acrylic Tow and Acrylic Top. Downstream applications field include Filtration, Textiles, Precursors to carbon fiber, Outdoor and Fiber-reinforced concrete, these industries development rapidly, this industries demand for fastener and shaped pieces are constantly increasing, indirectly stimulating the market demand of Polyacrylonitrile, and stimulate the development of Polyacrylonitrile industry.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties ,and coupled with PAN industry in short supply on the market in the past few years, more and more companies enter into PAN industry, the current demand for PAN product is relatively low, lack of demand, excess supply. Ordinary PAN products on the market do not sell well, PAN’s price is lower than past years. The signal of market price change indicates the trend in the PAN industry, low-end product has excess capacity, high-end product is in short supply.
Despite the presence of competition problems, the global recovery trend is clear, Polyacrylonitrile retains its advantage in fastener and shaped pieces produce, investors are still optimistic about this area; the future will still have more new investment enter the field. Although sales of Polyacrylonitrile brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Polyacrylonitrile field.
According to this study, over the next five years the Polyacrylonitrile (PAN) market will register a -0.4% CAGR in terms of revenue, the global market size will reach US$ 7730 million by 2024, from US$ 7940 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Polyacrylonitrile (PAN) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Polyacrylonitrile (PAN) market by product type, application, key manufacturers and key regions and countries.
This study considers the Polyacrylonitrile (PAN) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Acrylic Staple Fiber
Acrylic Tow
Acrylic Top
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Filtration
Textiles
Precursors to carbon fiber
Outdoor
Fiber-reinforced concrete
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
DOLAN GmbH
MemPro
AKSA
Montefibre
Dralon
Formosa Plastics
Unichem
Toray
Taekwangsf
TOYOBO
Mitsubishi Rayon Group
TAF
Pasupati Acrylon
Fisipe
Polimir
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Polyacrylonitrile (PAN) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Polyacrylonitrile (PAN) market by identifying its various subsegments.
Focuses on the key global Polyacrylonitrile (PAN) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Polyacrylonitrile (PAN) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Polyacrylonitrile (PAN) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Polyacrylonitrile (PAN) . Industry analysis & Market Report on Polyacrylonitrile (PAN) is a syndicated market report, published as Global Polyacrylonitrile (PAN) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Polyacrylonitrile (PAN) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.