PUBLISHER: Market Research Future | PRODUCT CODE: 1613801
PUBLISHER: Market Research Future | PRODUCT CODE: 1613801
Global Oxidized PAN fibers Market Research Report Information By Type (LOI 45%-50%, LOI 51%-55%, and LOI 56%-60%) By Application (Carbon Fibre, Gaskets & Seals, Brakes, Composites, and Others) By End-Use Industry (Textile, Automotive & Transportation, Aerospace & Defense, Energy Storage, and Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Forecast to 2032
The market size of oxidized PAN fibers was estimated to be USD 4,977.72 million in 2023 and USD 5,105.15 million by 2024. During the forecast period (2024-2032), the Oxidized PAN fibers Market industry is anticipated to expand to USD 6,395.71 million, with a compound annual growth rate (CAGR) of 2.86%. The benefits of oxidized pan fibers are essential for aerospace and defense applications. The industry's emphasis on fuel efficiency and light loading has resulted in a rise in the use of oxidized pan fiber composites, such as oxidized PAN fiber-based materials, in aircraft construction. The high strength-to-weight ratio of these fibers enables the production of lightweight yet robust components, thereby enhancing fuel efficiency and increasing payload capacity. Additionally, the aerospace and defense sector's prioritization of safety and performance has resulted in the utilization of oxidized pan fiber composites in numerous critical applications. Oxidized PAN fibers are an excellent choice for aircraft components that necessitate high strength and durability due to their extraordinary stiffness and strength, which contribute to improved structural integrity. Additionally, technological advancements and innovation are the primary factors driving the demand for advanced materials in the aerospace and defense sector. Oxidized PAN fibers possess distinctive characteristics that can be exploited to create novel and enhanced aerospace and defense technologies. Consequently, the industry's emphasis on safety, performance, technological advancements, and light loading presents opportunities for the integration of these fibers into a variety of aerospace applications.
Oxidized PAN fiber is highly sought after in the automotive industry due to its exceptional high-performance characteristics, in addition to its ability to reduce weight. This fiber is well-suited for a variety of applications due to its exceptional thermal stability, outstanding flame resistance, and high tensile strength. It has the potential to enhance passenger safety and fire protection by being employed in the production of interior components, including carpets, headliners, and seat coverings. Additionally, oxidized PAN fiber can be employed in the production of exterior components, such as body panels and underbody shielding, due to its exceptional impact resistance and strength, which guarantee crashworthiness and durability.
During the charge and discharging processes, battery packs, which are the foundation of energy storage systems, produce substantial quantities of heat.
The Global oxidized pan fiber market is segmented into three categories: LOI 45%-50%, LOI 51%-55%, and LOI 56%-60%, based on type.
The global oxidized pan fiber market is segmented into Carbon Fiber, Gaskets & Seals, Brakes, Composites, and others, based on application.
The global oxidized pan fiber market is segmented into energy storage, aerospace & defense, textile, automotive & transportation, and others based on end-use industry.
Engineered Fiber Solutions GmbH, SGL Carbon, TEIJIN LIMITED, YF International, TORAY INDUSTRIES, INC., Shanghai Shenghe Textile Technology Co., Ltd., Procotex, Shanghai Tanchain New Material Technology Co., Ltd., and Shenzhen Xiangu High-Tech. Co., Ltd. are among the market's most prominent players.