Industry Background:
Carbon fiber cloth produced using Polyacrylonitrile (PAN) is called PAN-based carbon fiber cloth. PAN is a synthetic resin prepared by the polymerization of acrylonitrile. PAN-based Carbon Fiber Cloth market has high growth prospects owing to increasing applications in numerous industry verticals such as wind energy sector for energy efficient and lightweight wind turbines, in the aviation industry for structural composite parts used in aircraft, from automotive industry due to rise in demand of lightweight material, and others. Further, increasing demand from developing countries owing to growing automotive, commercial aviation, energy and other industries expected to drive the demand for PAN-based carbon fiber cloth over the forecasted period.This growth is primarily driven by Rise in Demand of PAN-Based Carbon Fiber Cloth for Wind Turbines
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Commodity Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Toray Industries Inc. (Japan), Tejin Limited (Japan), SGL Group (Germany), Hexcel Corporation (United States), Hyosung (South Korea), Cytec Industries (United States), Mitsubishi Rayon Co., Ltd. (Japan), Kemrock Industries and Exports Ltd. (India), Formosa Plastics Corporation (Taiwan) and DowAksa (Turkey), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Emphasizing On Development of Higher Strength to Weight Ratio PAN-Based Carbon Fiber and Increasing Use of PAN-Based Carbon Fiber for 3D Printing
Market Growth Drivers:
Rise in Demand of PAN-Based Carbon Fiber Cloth for Wind Turbines and Increasing Application of PAN-Based Carbon Fiber Cloth in the Aerospace Industry
Challenges:
Production of Low Cost PAN-Based Carbon Fiber Cloth
Restraints:
High Cost Associated with PAN-Based Carbon Fiber and Insufficient Production Capacity in Emerging Economies
Opportunities:
Increasing Demand of PAN-Based Carbon Fiber Cloth in the Automotive Sector and Rising Demand from Developing Countries
AMA Research follows 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 mainly 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 showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of PAN-based Carbon Fiber Cloth Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of PAN-based Carbon Fiber Cloth Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of PAN-based Carbon Fiber Cloth players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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-based Carbon Fiber Cloth Study Sheds Light on
The PAN-based Carbon Fiber Cloth Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the PAN-based Carbon Fiber Cloth industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where PAN-based Carbon Fiber Cloth industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.