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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
This report 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.
This report 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) . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Homopolymer PAN
• Copolymer PAN
• Modified PAN
• Acrylic Staple Fiber
• Acrylic Tow
• Carbon Fiber Precursors
• Textile Fibers
• Industrial Fibers
• Filtration
• Membranes
• Resins
• Gel Spinning
• Others
• 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.
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.
1.1 Product Overview and Scope of Polyacrylonitrile (PAN)
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Homopolymer PAN
1.2.3 Copolymer PAN
1.2.4 Modified PAN
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Acrylic Staple Fiber
1.3.3 Acrylic Tow
1.3.4 Carbon Fiber Precursors
1.3.5 Textile Fibers
1.3.6 Industrial Fibers
1.3.7 Filtration
1.3.8 Membranes
1.3.9 Resins
1.3.10 Gel Spinning
1.3.11 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Mitsubishi Chemical Corporation
8.1.1 Mitsubishi Chemical Corporation Corporation Information
8.1.2 Mitsubishi Chemical Corporation Product Portfolio
8.1.3 Mitsubishi Chemical Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Mitsubishi Chemical Corporation Main Business and Markets Served
8.1.5 Mitsubishi Chemical Corporation Recent Developments/Updates
8.2 Toray Industries, Inc.
8.2.1 Toray Industries, Inc. Corporation Information
8.2.2 Toray Industries, Inc. Product Portfolio
8.2.3 Toray Industries, Inc. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Toray Industries, Inc. Main Business and Markets Served
8.2.5 Toray Industries, Inc. Recent Developments/Updates
8.3 Formosa Plastics Corporation
8.3.1 Formosa Plastics Corporation Corporation Information
8.3.2 Formosa Plastics Corporation Product Portfolio
8.3.3 Formosa Plastics Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Formosa Plastics Corporation Main Business and Markets Served
8.3.5 Formosa Plastics Corporation Recent Developments/Updates
8.4 Dralon
8.4.1 Dralon Corporation Information
8.4.2 Dralon Product Portfolio
8.4.3 Dralon Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Dralon Main Business and Markets Served
8.4.5 Dralon Recent Developments/Updates
8.5 Sinopec Shanghai Petrochemical Company Limited
8.5.1 Sinopec Shanghai Petrochemical Company Limited Corporation Information
8.5.2 Sinopec Shanghai Petrochemical Company Limited Product Portfolio
8.5.3 Sinopec Shanghai Petrochemical Company Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Sinopec Shanghai Petrochemical Company Limited Main Business and Markets Served
8.5.5 Sinopec Shanghai Petrochemical Company Limited Recent Developments/Updates
8.6 Jilin Chemical Fiber Group Co., Ltd.
8.6.1 Jilin Chemical Fiber Group Co., Ltd. Corporation Information
8.6.2 Jilin Chemical Fiber Group Co., Ltd. Product Portfolio
8.6.3 Jilin Chemical Fiber Group Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Jilin Chemical Fiber Group Co., Ltd. Main Business and Markets Served
8.6.5 Jilin Chemical Fiber Group Co., Ltd. Recent Developments/Updates
8.7 Indian Acrylics Limited
8.7.1 Indian Acrylics Limited Corporation Information
8.7.2 Indian Acrylics Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Indian Acrylics Limited Main Business and Markets Served
8.7.4 Indian Acrylics Limited Recent Developments/Updates
8.8 Tong-Hwa Synthetic Fiber Co., Ltd.
8.8.1 Tong-Hwa Synthetic Fiber Co., Ltd. Corporation Information
8.8.2 Tong-Hwa Synthetic Fiber Co., Ltd. Product Portfolio
8.8.3 Tong-Hwa Synthetic Fiber Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Tong-Hwa Synthetic Fiber Co., Ltd. Main Business and Markets Served
8.8.5 Tong-Hwa Synthetic Fiber Co., Ltd. Recent Developments/Updates
8.9 Vardhman Acrylics Ltd.
8.9.1 Vardhman Acrylics Ltd. Corporation Information
8.9.2 Vardhman Acrylics Ltd. Product Portfolio
8.9.3 Vardhman Acrylics Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Vardhman Acrylics Ltd. Main Business and Markets Served
8.9.5 Vardhman Acrylics Ltd. Recent Developments/Updates
8.10 Thai Acrylic Fiber Co. Ltd.
8.10.1 Thai Acrylic Fiber Co. Ltd. Corporation Information
8.10.2 Thai Acrylic Fiber Co. Ltd. Product Portfolio
8.10.3 Thai Acrylic Fiber Co. Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Thai Acrylic Fiber Co. Ltd. Main Business and Markets Served
8.10.5 Thai Acrylic Fiber Co. Ltd. Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Polyacrylonitrile (PAN)
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
