Industry Background:
Polyacrylonitrile or PAN fibre is a type of high-quality carbon fibre which is well known for intumescent properties. PAN-based carbon fiber is widely used in many industries such as automotive, aviation, aerospace, sporting goods, & construction applications, as these fibers have several advantages including high stiffness, high strength, low weight and high chemical resistance as well as high temperature tolerance. Additionally, due to numerous associated benefits, applicability is increasing in various new sectors and this will drive the growth of the market
This growth is primarily driven by Increasing Demand for Fuel Efficient light weight Vehicles and Growing usability for Manufacturing of Structural Composite Parts Used in Aircraft.
Globally, a noticeable market trend is evident Adaptability of PAN fiber in new product launches
. Major Vendors, such as Dralon (Germany), Fisipe (Portugal), Montefibre (Italy), Aksa (Turkey), Kaneka (Japan), Toray (Japan), Mitsubishi Rayon (Japan), Taekwang (Korea), Formosa Plastics (China), Acrylic Fibre (Thailand), Kaltex (Mexico), Sinopec Anqing (China) and Sinopec SPC (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demand for Fuel Efficient light weight Vehicles
- Growing usability for Manufacturing of Structural Composite Parts Used in Aircraft
Market Trend
- Adaptability of PAN fiber in new product launches
- Technological advancement in manufacturing facilities like recycling process
Restraints
- High Cost
- Inadequate Production Capacity
Opportunities
Emerging market in some regions and Increasing Usage of Fiber in various industrial sector due light weight and good strength
Challenges
Production of low cost fiber to gain competitive edge
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, PAN Fiber Study Sheds Light on
The PAN Fiber Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the PAN Fiber industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where PAN Fiber industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.