Polyacrylonitrile Based Carbon Fibers Market Shares, Type and Trends Forecast by 2022

The Global Polyacrylonitrile-Based Carbon Fibers Market is expected to display volatile growth in forthcoming period. Polyacrylonitrile (PAN)-based carbon fibers are used in manufacture of top plates, cassettes and other medical equipment. Taking full advantage of the properties of polyacrylonitrile such as higher hardness and a lower weight, computer housings and fuel cell electrode basic materials use the advantageous polyacrylonitrile as the constituent element.

A light weighted structure has its advantages with polyacrylonitrile being put to good use in panels for propeller shafts and hoods and handrails in railroad industry. Polyacrylonitrile is used as a starting element in carbon production and the importance of carbon fibers can be gauged from the fact that near to about a significant ratio in Boeing and Airbus body frames has carbon fiber in it.

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The restraint of polyacrylonitrile-based carbon fibers market in usual applications is the high price of PAN which amounts to $15/lb. The polyacrylonitrile resins are co-polymers made from mixtures of monomers having acrylonitrile as the main constituent. The increasing use of applications spans verticals such as textiles, water-treatment industry and fibers.

They have been used in hot gas filtration systems, outdoor awnings, sails for yachts and fiber reinforced concrete. Polyacrylonitrile (PAN) Carbon-fiber papers (CFP’s) are used as gas diffusion layers in proton exchange membrane fuel cells. PAN is first thermally oxidized in air at 230oC to form an oxidized PAN fiber and then carbonized above 1000oC in inert atmosphere to make carbon fibers applicable in civil and military aircraft primary and secondary switches, missile, solid propellant rocket motors, pressure vessels, fishing rods, tennis rackets, badminton rackets and high-tech carbon bicycles.

The properties of low density, high strength, thermal stability and modulus of elasticity have added importance to polyacrylonitrile in high-technology areas. Segmentation of polyacrylonitrile -based carbon fibers market by product includes spun type, filament type and others.

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Segmentation of polyacrylonitrile-based carbon fibers market by end user/application includes aerospace industry, automotive industry, sports and entertainment and others. Segmentation of polyacrylonitrile-based carbon fibers industry by geographical region includes North America, Europe, Asia Pacific, MEA and Latin America. The key industry players in polyacrylonitrile-based carbon industry include Toray, Toho, Mitsubishi Rayon, HEcel, Cytec, Zoltek, Aksa, SGL and Formosa.