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Global Polyacrylonitrile (PAN) Market Insight December 30, 2021 Comments

The polyacrylonitrile (PAN) is forecast to grow slowly over the next four years. According to the World Knowledge Information (WKI) “Global Polyacrylonitrile (PAN) Professional Survey Report 2020, Forecast to 2025”, The increasing application of terminal industry is the main factor driving the growth of global polyacrylonitrile (PAN) market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 0.93% base on WKI regression analysis model.

Analysts’ Viewpoint:

“Polyacrylonitrile maintains its advantages in the production of fasteners and special-shaped parts, and this field has bright development space.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI. “It is suggested that new entrants to the polyacrylonitrile industry should carefully enter the polyacrylonitrile field if they have only capital and no technical advantages and downstream support.”

Market insight:

Polyacrylonitrile is a semi crystalline synthetic polymer resin (acrylic resin). It is usually abbreviated as PAN, and the empirical formula of polyacrylonitrile is (C3H3N) n. It is a hard, rigid thermoplastic material that can withstand most solvents and chemicals, burns slowly and has low gas permeability. Polyacrylonitrile can also be carbonized for battery applications. With the rapid development of the terminal industry, the demand for fasteners and special-shaped parts increases sharply, indirectly driving the market demand of polyacrylonitrile, thus promoting the expansion of the market scale of polyacrylonitrile.

However, there are still some problems that need the attention of PAN industry participants. For example, how to solve the overcapacity of low-end products and the shortage of high-end products is the primary problem to be solved by PAN industry participants.

Competition Landscape:

The main players in the polyacrylonitrile (PAN) market include DОLАN GmbН, МеmРrо, АКЅА, Моntеfіbrе, Drаlоn, Fоrmоѕа Рlаѕtісѕ, Unісhеm, Тоrау, Таеkwаngѕf, ТОYОВО, Міtѕubіѕhі Rауоn Grоuр, ТАF, Раѕuраtі Асrуlоn, Fіѕіре, Роlіmіr and others.

Segmentation of Polyacrylonitrile (PAN) Market:

According to the type, the polyacrylonitrile (PAN) market can be divided into acrylic staple fiber, acrylic tow, acrylic top and others. Among them, acrylic staple fiber is the largest market segment. Because acrylic staple fiber is widely used to replace wool, or blended with wool to make wool fabric, etc. According to the application, the polyacrylonitrile (PAN) market can be divided into filtration, textiles, fiber concrete, carbon fiber and others. Among them, filtering applications occupy a dominant position in the market. With the enhancement of environmental protection by governments of various countries, polyacrylonitrile (PAN) is promoted to filter wastewater and recover water in the chemical industry, resulting in an increase in the demand for PAN and promoting the growth of the global PAN Market.

Polyacrylonitrile (PAN) Market: Regional Analysis

In terms of geography, the global polyacrylonitrile (PAN) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.At present, the Asia Pacific region occupies the leading position in the global polyacrylonitrile (PAN) market and will continue to maintain its leading position in the forecast period. Because China, India and other countries are populous countries, with the increase of per capita income, the demand for polyacrylonitrile staple fiber continues to increase, thus promoting the continuous expansion of polyacrylonitrile (PAN) market scale in this region. In addition, with the rapid development of emerging economies such as China, lead to the terminal application of polyacrylonitrile (PAN) is increasing, especially in the medical and chemical industries, which will also promote the market growth in the region.

 

Cagr: 0.93%
Largest share area:Asia Pacific
Largest share country:China