Global Polyacrylonitrile-based Carbon Fibers Market Growth 2025-2031

The global Polyacrylonitrile-based Carbon Fibers market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Polyacrylonitrile-based carbon fiber is a high-performance fiber material made of polyacrylonitrile (PAN) fiber through pre-oxidation, carbonization and other processes. Its main characteristics are low density, high strength, high modulus, high temperature resistance, corrosion resistance, fatigue resistance, etc. It is widely used in aerospace, automobile, wind turbine blades, construction, sports and leisure and other fields.

The production process of polyacrylonitrile-based carbon fiber includes polymerization, spinning, pre-oxidation and carbonization. First, acrylonitrile monomer forms polyacrylonitrile fiber through polymerization reaction, and then carbonization treatment is carried out under high temperature inert atmosphere to finally obtain carbon fiber. This fiber has become the mainstream product in the carbon fiber market due to its excellent mechanical properties and multifunctional properties, accounting for more than 90% of the global carbon fiber production.

With the increase in global demand for high-performance materials, the application of polyacrylonitrile-based carbon fiber in aerospace, new energy and industrial fields continues to expand. In particular, in wind turbine blades, aerospace structural parts and automotive lightweight materials, its market demand continues to grow. In the future, with technological advances and cost reductions, polyacrylonitrile-based carbon fiber is expected to play an important role in more high-end applications.

Market development opportunities and main driving factors

The polyacrylonitrile-based carbon fiber market benefits from the rapid development of aerospace, automobile manufacturing, and wind turbine blades. The increasing demand for high-strength, low-density materials in these industries has promoted the widespread application of polyacrylonitrile-based carbon fibers. Technological innovation and policy support are key factors in market development, and the optimization of production processes and cost reduction have further expanded its application scope.

Risks facing the market

Despite the broad market prospects, the polyacrylonitrile-based carbon fiber industry faces the risks of raw material price fluctuations, intensified market competition, and technological substitution. The prices of raw materials such as acrylonitrile and phenol are affected by a variety of factors, including crude oil price fluctuations and changes in supply and demand. In addition, international trade protectionism and the emergence of alternative materials may also have an adverse impact on market demand.

Downstream demand trends

The downstream demand for polyacrylonitrile-based carbon fibers is mainly concentrated in aerospace, automobile manufacturing, wind turbine blades, and sports and leisure. With technological advancement and cost reduction, the demand for polyacrylonitrile-based carbon fibers in these fields will continue to grow. In the future, with the rapid development of new energy and new materials, its application scope will be further expanded.

LP Information, Inc. (LPI) ' newest research report, the “Polyacrylonitrile-based Carbon Fibers Industry Forecast” looks at past sales and reviews total world Polyacrylonitrile-based Carbon Fibers sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyacrylonitrile-based Carbon Fibers sales for 2025 through 2031. With Polyacrylonitrile-based Carbon Fibers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyacrylonitrile-based Carbon Fibers industry.

This Insight Report provides a comprehensive analysis of the global Polyacrylonitrile-based Carbon Fibers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyacrylonitrile-based Carbon Fibers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyacrylonitrile-based Carbon Fibers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyacrylonitrile-based Carbon Fibers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyacrylonitrile-based Carbon Fibers.

This report presents a comprehensive overview, market shares, and growth opportunities of Polyacrylonitrile-based Carbon Fibers market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Spun Type
Filament Type
Others

Segmentation by Application:
Aerospace
Automotive
Sports & Entertainment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Toray
Toho
Misubishi Rayon
Hecel
Cytec
Zoltek
AKSA
SGL
Formosa
HYOSUNG
TAEKWANG
Teijin Carbon
Zhongfu Shenying
​Solvay

Key Questions Addressed in this Report

What is the 10-year outlook for the global Polyacrylonitrile-based Carbon Fibers market?

What factors are driving Polyacrylonitrile-based Carbon Fibers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Polyacrylonitrile-based Carbon Fibers market opportunities vary by end market size?

How does Polyacrylonitrile-based Carbon Fibers break out by Type, by Application?

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