MARKET NEWS

Rising Costs and Decreasing Demand Put Pressure on the Polyacrylonitrile (PAN) Industry

Polyacrylonitrile is a semi-crystalline synthetic polymer resin (acrylic resin), generally abbreviated as PAN, which chemical formula is (C3H3N)n. It is a hard thermoplastic material that is resistant to most solvents and chemicals, slow to burn, and has low permeability to gases, so it can be carbonized for battery production.

Polyacrylonitrile can be divided into three categories by type. Among them, acrylic staple fiber accounts for most of the market, and its market share in 2019 was 77.25%. It is a synthetic fiber made of a polymer (polyacrylonitrile) with an average molecular weight of 100,000. The monomer unit is about 1,900. It is often used in filtration, reinforcement, weaving and other fields. Acrylic fiber is strong and warm, so it is commonly used as linings for sweaters and sportswear, boots and gloves, as well as furniture fabrics and carpets. Acrylic tow ranks second, with a market share of 15.16% in 2019. It is a long chemical fiber bundle made by wire drawing and cutting, which is lighter in weight, less thermally decomposed and less abraded. There is also an acrylic top, which is easily blended with other fibers such as nylon, wool and polyester to produce various end-use blended yarns, which can be used to make various types of socks and textile yarns.

Polyacrylonitrile has a wide range of applications, which can be used in textiles, filtration, carbon fiber precursors, outdoor and fiber concrete. Textile is the most widely used field of polyacrylonitrile, accounting for 72.19% of the market share in 2019. In the textile industry, fibers are mainly processed in a pure state. Staple fiber yarn has good dyeing performance and bright colors, and can be used for mesh curtains and tablecloths. PAN fibers can also be woven into bed fabrics and loop fabrics to assemble carpets. With the rapid development of modern industry, people have higher and higher requirements on the cleanliness of the environment, and higher and higher requirements on the filtration performance of the selected filter materials. In order to meet the filtration requirements and meet environmental protection standards, some reusable composite filter materials have appeared, including a hydrophilic layer made of polyacrylonitrile fiber yarn. In the field of outdoor products, considering the excellent light fastness and weather fastness of PAN fiber, the main products are flags, various tarpaulins, boat covers, umbrella cloths, garden sunshades, etc. In addition, in the field of fiber concrete, polyacrylonitrile fiber is also used in construction projects with high requirements such as crack resistance, impact resistance, abrasion resistance, and earthquake resistance, such as bridge decks, roads, wharfs, etc.

Prospect Analysis of Polyacrylonitrile (PAN) Industry in Various Parts of the Asia-Pacific

After a period of development, the polyacrylonitrile (PAN) industry is in a growth period. Companies in the industry are mainly from China and Japan, and the market is highly concentrated. The top three are Sinopec, Jilin Chemical Fiber and CNPC, with revenue market shares of 10.84%, 9.93% and 9.25% respectively in 2019.

Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762713-polyacrylonitrile-(pan)-market-report.html

China has developed rapidly in recent years and has become a middle-high-income country and the second largest economy in the world, accounting for 7% of global exports. In the polyacrylonitrile industry, the country is the largest revenue market, with a market share of 48.42% in 2015 and a market share of 47.65% in 2020, a decrease of 0.77%. In 2019, as a highly developed free market economy, Japan ranked second with a market share of 27.15% in 2019. In addition, the economic development, increased downstream demand, and technological innovation and progress in emerging economies such as India and Southeast Asia will have a positive impact on the demand for polyacrylonitrile and become the most promising market.

The industrial chain of real economy in China is highly developed and self-contained. At the same time, the manufacturing industry has a solid foundation, strong innovation capabilities and a broad market, which has laid a good foundation for the development of the polyacrylonitrile (PAN) fiber market. In the past three years, due to the greater impact of the Sino-US trade war, related downstream products have been restricted by tariff policies, which has affected the demand for polyacrylonitrile (PAN) fiber market. Secondly, compared with Japan, the United States, Western Europe and other countries and regions, the production capacity of China polyacrylonitrile fiber industry is mainly concentrated in the middle and low-end areas, and it needs to transform and upgrade to high-end and differentiated products.

Japan has advanced technology, management and talent advantages, complete infrastructure, and its fiber and related technologies are in a leading position in the world. In the downstream industry, the Japanese textile industry uses advanced processing technology to continuously develop new products in various fields. However, Japan has become one of the most aging countries in the world, which will bring certain obstacles to the development of the labor industry.

The Market Value of Polyacrylonitrile (PAN) Will Decline During the Forecast Period

Polyacrylonitrile fiber has good properties and can be spun purely or blended with natural fibers according to the requirements of different uses. Its textiles are widely used in clothing, decoration, industry and other fields, which promotes the development of the polyacrylonitrile fiber market. In addition, the application demand of polyacrylonitrile fiber as a reinforcing material in the field of building materials is increasing. However, market revenue of this industry will show a downward trend in the later period.

Polyacrylonitrile (PAN) products are mainly restricted by raw materials, accounting for 68.34% of production costs. In recent years, the prices of raw materials have generally been on the rise, putting pressure on manufacturers in the industry, affecting their production, and reducing downstream demand as a result. In addition, the development of the polyacrylonitrile (PAN) industry has been seriously affected by environmental protection policies and trade policies of various countries.

According to our research, the total value of the polyacrylonitrile (PAN) market in the Asia-Pacific region in 2015 was US$3297.69 million, and in 2020 it will drop to US$2622.50 million. We predict that by 2025, the market value of polyacrylonitrile (PAN) will drop to US$2595.75 million. From 2020 to 2025, the compound annual growth rate of polyacrylonitrile (PAN) is -0.20%.

Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762713-polyacrylonitrile-(pan)-market-report.html