Global polyacrylonitrile market demand is expected to witness a
steady growth on account of its increasing usage as a fiber. Polyacrylonitrile
(PAN) fibers are widely used in making tents, tennis rackets, and fishing rods.
Polyacrylonitrile is an organic fiber resin with a linear formula (C3H3N)n. It
possesses thermoplastic properties and does not melt under normal conditions.
It is a very versatile monomer and has wide applications which include
filtration membranes, reverse osmosis fibers, and textile fibers.
PAN is produced using
radical polymerization of acrylonitrile. PAN was first commercially branded and
produced on a large scale by DuPont named as Orlon. PAN application as a
precursor for carbon fiber manufacturing is the major factor driving the
overall market demand. More than half of PAN is used for as an intermediate for
carbon fiber production. Carbon fibers are highly used in aerospace, civil
engineering and competition sports.
Usage of polyacrylonitrile as a textile fiber is a major
application driving the overall demand. This compound is used in the
manufacturing of knitted clothing including socks and sweaters. Their low
density, high strength, and thermal stability make them an important raw
material for tent manufacturing and yacht sails. Further, its application in
the manufacturing of sports equipment has been driving the market demand in
recent years. These high strength fibers are used to make tennis &
badminton rackets and other sports equipment.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/polyacrylonitrile-pan-market
High tensile strength and superior mechanical properties have
made PAN an important polymer in high-tech applications. Commercial and
military aircraft make use of PAN in manufacturing composite structures. They
are found in high-tech applications such as missiles, propellant rocket motors,
and pressure vessels. Availability of alternative fibers is expected to hamper
the growth of overall industry in near future.
Advancement of
technology has resulted in the development of new polymer fibers which is
expected to challenge the PAN industry. These fibers are relatively expensive
when compared to their substitutes which include glass and plastic fibers.
Strict government regulations related to safe manufacturing practices are
expected to increase the overall manufacturing cost. Market segmentation is
done on the basis of the application which includes commercial and high-tech
uses. Commercial application account for maximum segment shares owing to its
high usage in textiles. Segmentation demand for high-tech application is
increasing in the military sector on account of rising military budget for
sophisticated equipment.
Asia Pacific has been the leading market in recent years in
terms of demand and is expected to continue its increasing application in
textiles. China has shown substantial production and consumption of PAN for the
manufacturing of socks and sweaters. Emerging economies such as India and China
are expected to witness a significant growth on account of high investment in
manufacturing. Further, regional demand is followed by North America mainly on
account of high-tech applications. The U.S market has seen a significant usage
in the military and commercial aircraft. Europe is expected to show a steady
growth over the forecast period with increasing demand from sports equipment
manufacturing. South America and Africa is expected to witness a stagnant
growth owing to the slow growth of overall development of application
industries.
Request Sample Copy of
this Market Research @ https://www.millioninsights.com/industry-reports/polyacrylonitrile-pan-market/request-sample
Comments
Post a Comment