Market Overview:
The global PAN-based carbon fiber precursor market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 3,711.5 Mn by 2030, registering a CAGR of 13.9% from 2018 to 2030. In terms of volume, the global PAN-based carbon fiber precursor market is expected to reach 2,584 KT by 2030. The small tow segment is expected to account for a larger share of the global PAN-based carbon fiber precursor market in terms of value and volume during the forecast period. The big tow segment is projected to register a higher CAGR than the small tow segment during the forecast period owing to increasing demand for high performance composites from various end use industries such as aerospace & defense and automotive. In terms of application, the carbon fiber segment accounted for majority share of revenue generated by PAN-based carbon fiber precursors in 2017.
Product Definition:
A PAN-based carbon fiber precursor is a material used to make carbon fiber. PAN (polyacrylonitrile) is a polymer that is made into a liquid and then spun into fibers. These fibers are then heated and turned into carbon fiber. Carbon fiber has many uses, including in aircraft, cars, sports equipment, and wind turbines.
Small Tow:
Small tow is the process of removing carbon fiber from its precursor material using a special kind of slurry. It’s also known as pre-tow or pre-pulping. The purpose of this step is to separate the fibers so that they can be wound up for further processing in advance such as carding, rol ing, and screening.
Big Tow:
The big tow process is used to remove the fiber from the precursor material in a continuous length. It's major use is to separate carbon fibers from their raw materials. The product that comes out after this process is called as Big Tow Product (BTP).
This BTP can be further processed into various products such as prepreg, CFRP, and CTFE among others depending on its end-use applications.
Application Insights:
Carbon fiber is used in various applications including composites, aerospace & defense, and sports. Composites application segment accounted for the largest revenue share of over 45% in 2017. It is used as an alternative to conventional materials in several industries due to its lightweight properties and high strength-to-weight ratio. These factors are expected to increase the product demand for manufacturing composites over the forecast period.
Aerospace & defense was one of the fastest growing segments with a CAGR of XX% from 2018 to 2030 owing to increasing use of carbon fibers as a replacement for aluminum and other conventional materials in aircraft construction owing to their lighter weight properties resulting into increased fuel efficiency along with reduced emissions during take off and landing, which are expected drive market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for PAN-based carbon fiber precursor with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand from various end-use industries in the region. The presence of key manufacturers in countries, such as China, India, Japan and South Korea has led Asia Pacific regional market growth. In addition, rising automotive production coupled with growing aerospace manufacturing will drive product demand over the forecast period.
The European market was valued at USD X million in 2017 and is projected to witness moderate growth over the coming years on account of stringent regulations regarding vehicular emissions coupled with rapidly expanding aerospace industry sector within Europe.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive, aerospace, and defense industries
- Growing popularity of carbon fiber reinforced plastics (CFRP) in the transportation sector
- Rising investment in research and development (R&D) activities for the development of PAN-based carbon fiber precursors
- Proliferation of advanced manufacturing technologies for production of carbon fibers
- Stringent government regulations to reduce environmental pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
PAN-based Carbon Fiber Precursor Market Research Report
By Type
Small Tow, Big Tow
By Application
Carbon Fiber, Other
By Companies
AKSA, Dralon, Mitsubishi Chemical, Aditya Birla Group, Taekwang, Toray, Montefibre, Jilin Chemical Fiber, SGL (Fisipe), AKSA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global PAN-based Carbon Fiber Precursor Market Report Segments:
The global PAN-based Carbon Fiber Precursor market is segmented on the basis of:
Types
Small Tow, Big Tow
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Carbon Fiber, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AKSA
- Dralon
- Mitsubishi Chemical
- Aditya Birla Group
- Taekwang
- Toray
- Montefibre
- Jilin Chemical Fiber
- SGL (Fisipe)
- AKSA
Highlights of The PAN-based Carbon Fiber Precursor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Tow
- Big Tow
- By Application:
- Carbon Fiber
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PAN-based Carbon Fiber Precursor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PAN-based carbon fiber precursor is a type of carbon fiber that is made from a polymer matrix and an additive. The polymer matrix can be made from either natural or synthetic materials, while the additive can be any type of material that helps to improve the strength, flexibility, and other properties of the final product.
Some of the major players in the pan-based carbon fiber precursor market are AKSA, Dralon, Mitsubishi Chemical, Aditya Birla Group, Taekwang, Toray, Montefibre, Jilin Chemical Fiber, SGL (Fisipe), AKSA.
The pan-based carbon fiber precursor market is expected to register a CAGR of 13.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PAN-based Carbon Fiber Precursor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PAN-based Carbon Fiber Precursor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PAN-based Carbon Fiber Precursor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PAN-based Carbon Fiber Precursor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PAN-based Carbon Fiber Precursor Market Size & Forecast, 2018-2028
4.5.1 PAN-based Carbon Fiber Precursor Market Size and Y-o-Y Growth
4.5.2 PAN-based Carbon Fiber Precursor Market Absolute $ Opportunity
Chapter 5 Global PAN-based Carbon Fiber Precursor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PAN-based Carbon Fiber Precursor Market Size Forecast by Type
5.2.1 Small Tow
5.2.2 Big Tow
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PAN-based Carbon Fiber Precursor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
6.2.1 Carbon Fiber
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PAN-based Carbon Fiber Precursor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PAN-based Carbon Fiber Precursor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PAN-based Carbon Fiber Precursor Analysis and Forecast
9.1 Introduction
9.2 North America PAN-based Carbon Fiber Precursor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PAN-based Carbon Fiber Precursor Market Size Forecast by Type
9.6.1 Small Tow
9.6.2 Big Tow
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
9.10.1 Carbon Fiber
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PAN-based Carbon Fiber Precursor Analysis and Forecast
10.1 Introduction
10.2 Europe PAN-based Carbon Fiber Precursor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PAN-based Carbon Fiber Precursor Market Size Forecast by Type
10.6.1 Small Tow
10.6.2 Big Tow
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
10.10.1 Carbon Fiber
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PAN-based Carbon Fiber Precursor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PAN-based Carbon Fiber Precursor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PAN-based Carbon Fiber Precursor Market Size Forecast by Type
11.6.1 Small Tow
11.6.2 Big Tow
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
11.10.1 Carbon Fiber
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PAN-based Carbon Fiber Precursor Analysis and Forecast
12.1 Introduction
12.2 Latin America PAN-based Carbon Fiber Precursor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PAN-based Carbon Fiber Precursor Market Size Forecast by Type
12.6.1 Small Tow
12.6.2 Big Tow
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
12.10.1 Carbon Fiber
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PAN-based Carbon Fiber Precursor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PAN-based Carbon Fiber Precursor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PAN-based Carbon Fiber Precursor Market Size Forecast by Type
13.6.1 Small Tow
13.6.2 Big Tow
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PAN-based Carbon Fiber Precursor Market Size Forecast by Applications
13.10.1 Carbon Fiber
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PAN-based Carbon Fiber Precursor Market: Competitive Dashboard
14.2 Global PAN-based Carbon Fiber Precursor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AKSA
14.3.2 Dralon
14.3.3 Mitsubishi Chemical
14.3.4 Aditya Birla Group
14.3.5 Taekwang
14.3.6 Toray
14.3.7 Montefibre
14.3.8 Jilin Chemical Fiber
14.3.9 SGL (Fisipe)
14.3.10 AKSA
