Market Overview:
The global PAN market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the global PAN market can be attributed to the increasing demand for acrylic staple fiber, acrylic tow, and other types of PAN across different applications such as textiles, precursors to carbon fiber, fiber-reinforced concrete, and others. In terms of region, North America is expected to lead the global PAN market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier allotted by the Income Tax Department to Indian taxpayers. It is issued in the form of a card and also can be printed on paper. The PAN is required for filing income tax returns, making financial transactions and for other purposes.
Acrylic Staple Fiber:
Acrylic staple fiber is a type of synthetic fiber that has high tensile strength and durability. It is produced by treating polymer with acrylonitrile. The product finds application in various industries including packaging, automotive, construction, and electrical & electronics industries. Acrylic staple fibers are gaining acceptance as an alternative to glass fibers for manufacturing lightweight composites on account of their superior properties such as low thermal expansion coefficient and high modulus (strength).
Acrylic Tow:
Acrylic tow is a cleaning solution used in the plastic industry. It consists of around 60% of acrylic acid, which is a highly effective solvent for dissolving resins and other organic compounds from various substrates. Acrylic tow can be used as an alternative to toxic solvents such as hexane and acetone in the manufacturing process.
Application Insights:
The textile application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The product is widely used in various applications such as apparel, home textiles, industrial fabrics and technical textiles. Technical textiles include clothing worn by athletes for protection against extreme weather conditions such as rain or snow. Widespread use of technical fabrics has resulted in high demand from countries like China and India where labor costs are relatively low compared to other regions.
Fiber-reinforced concrete segment accounted for a significant share of the overall revenue on account of increasing construction activities globally due to rapid urbanization along with rising consumer spending on houses & buildings constructed using fiber-reinforced concrete (RFC).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position through the forecast period owing to increasing demand for staple fibers from various end-use industries, such as apparel and home furnishing. In addition, rising investments by key players in developing countries of this region are anticipated to fuel product demand over the next eight years.
The European market is projected to witness significant growth over the forecast period owing to high consumption rates of acrylic staples in several major applications including textiles and garments, automotive interior materials, footwear and sports equipment manufacturing. Increasing use of these products for bonding together composite materials used in aerospace & defense industry is also likely drive regional product demand during the same period.
Growth Factors:
- Increasing demand for processed foods: The global population is expected to grow by more than 2 billion people by 2050, and this will lead to an increase in the demand for processed foods. This will create opportunities for PAN manufacturers and processors.
- Rising income levels: As incomes rise, there is a shift towards diets that include more processed foods, which leads to an increased demand for PAN products.
- Urbanization: As more people move into cities, they have less access to fresh fruits and vegetables, leading to an increased demand for pre-packaged food items that contain PANs.
- Health consciousness: There is a growing awareness of the health benefits of consuming PANs, which has led to an increase in their popularity among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
PAN Market Research Report
By Type
Acrylic Staple Fiber, Acrylic Tow, Others
By Application
Textiles, Precursors to carbon fiber, Fiber-reinforced concrete, Others
By Companies
DOLAN GmbH, AKSA, Montefibre Carbon, Dralon, Formosa Plastics, Toray, Taekwang Industrial, TOYOBO, Ineos, Thai Acrylic Fibre, Pasupati Acrylon, SGL Carbon, Polimir Novopolotsk, Toho Tenax, BASF
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global PAN Market Report Segments:
The global PAN market is segmented on the basis of:
Types
Acrylic Staple Fiber, Acrylic Tow, Others
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
Textiles, Precursors to carbon fiber, Fiber-reinforced concrete, Others
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:
- DOLAN GmbH
- AKSA
- Montefibre Carbon
- Dralon
- Formosa Plastics
- Toray
- Taekwang Industrial
- TOYOBO
- Ineos
- Thai Acrylic Fibre
- Pasupati Acrylon
- SGL Carbon
- Polimir Novopolotsk
- Toho Tenax
- BASF
Highlights of The PAN 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:
- Acrylic Staple Fiber
- Acrylic Tow
- Others
- By Application:
- Textiles
- Precursors to carbon fiber
- Fiber-reinforced concrete
- Others
- 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Some of the major companies in the pan market are DOLAN GmbH, AKSA, Montefibre Carbon, Dralon, Formosa Plastics, Toray, Taekwang Industrial, TOYOBO, Ineos, Thai Acrylic Fibre, Pasupati Acrylon, SGL Carbon, Polimir Novopolotsk, Toho Tenax, BASF.
The pan market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PAN 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PAN 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 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 Market Size & Forecast, 2018-2028
4.5.1 PAN Market Size and Y-o-Y Growth
4.5.2 PAN Market Absolute $ Opportunity
Chapter 5 Global PAN 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 Market Size Forecast by Type
5.2.1 Acrylic Staple Fiber
5.2.2 Acrylic Tow
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PAN 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 Market Size Forecast by Applications
6.2.1 Textiles
6.2.2 Precursors to carbon fiber
6.2.3 Fiber-reinforced concrete
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PAN 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America PAN 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 Market Size Forecast by Type
9.6.1 Acrylic Staple Fiber
9.6.2 Acrylic Tow
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Textiles
9.10.2 Precursors to carbon fiber
9.10.3 Fiber-reinforced concrete
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe PAN 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 Market Size Forecast by Type
10.6.1 Acrylic Staple Fiber
10.6.2 Acrylic Tow
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Textiles
10.10.2 Precursors to carbon fiber
10.10.3 Fiber-reinforced concrete
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PAN 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 Market Size Forecast by Type
11.6.1 Acrylic Staple Fiber
11.6.2 Acrylic Tow
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Textiles
11.10.2 Precursors to carbon fiber
11.10.3 Fiber-reinforced concrete
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America PAN 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 Market Size Forecast by Type
12.6.1 Acrylic Staple Fiber
12.6.2 Acrylic Tow
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Textiles
12.10.2 Precursors to carbon fiber
12.10.3 Fiber-reinforced concrete
12.10.4 Others
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 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PAN 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 Market Size Forecast by Type
13.6.1 Acrylic Staple Fiber
13.6.2 Acrylic Tow
13.6.3 Others
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 Market Size Forecast by Applications
13.10.1 Textiles
13.10.2 Precursors to carbon fiber
13.10.3 Fiber-reinforced concrete
13.10.4 Others
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 Market: Competitive Dashboard
14.2 Global PAN Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DOLAN GmbH
14.3.2 AKSA
14.3.3 Montefibre Carbon
14.3.4 Dralon
14.3.5 Formosa Plastics
14.3.6 Toray
14.3.7 Taekwang Industrial
14.3.8 TOYOBO
14.3.9 Ineos
14.3.10 Thai Acrylic Fibre
14.3.11 Pasupati Acrylon
14.3.12 SGL Carbon
14.3.13 Polimir Novopolotsk
14.3.14 Toho Tenax
14.3.15 BASF
