Global China PAN Market Market Overview:
China Polyacrylonitrile (PAN) is a synthetic semi-crystalline organic polymeric resin. Despite being a thermoplastic, it does not melt when exposed to room temperature. It deteriorates before melting. Most polyacrylonitrile resins are copolymers in which acrylonitrile is used as the major monomer in the monomer mixture. It is a multifunctional polymer used to make various products such as ultrafiltration membranes, hollow fibers for reverse osmosis, textile fibers, oxidation flame retardant fibers such as PANOX, and carbon fibers. The polyacrylonitrile market’s sub-segment is expected to hold the largest market share during the forecast period.
|Value (USD Million)
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Increasing the use of PAN as a reinforcing agent in composite manufacturing.
Market Growth Drivers:
Growing Demand for PAN in Aerospace and Defence Industries and Growing Demand for Lightweight Vehicles
Need For Continuous Improvement in Product Offering
Availability of Close Substitute at Low Cost Is a Major Restraining Factor
Increasing Use of Carbon Fiber in the Wind Industry and Growing Investments in Research and Development to Develop New Applications for PAN
China's PAN Market is a fragmented market due to the presence of a large number of established competitors. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are Polysciences, Inc. (United States), Biosynth (Switzerland), Otto Chemie Pvt. Ltd (India), Haihang Industry Co. ltd. (China), Mainchem (China), Parchem (Australia), DOLAN GmbH (Germany), AKSA (Turkey) and Montefibre Carbon (Spain).
Latest Market Insights:
In November 2021, Biosynth Carbosynth and Shengquan acquired a new plant to increase production capacity in China. The site of over 30,000 square meters includes a five-story comprehensive factory building, demonstration workshops, and a large warehouse. Art Hazardous Material Storage. Expansion through more production sites now allows the group to use more flexibility and larger production volumes with increased production reliability. This is an essential prerequisite for the production of Biosynth Carbosynth products.
What Can be Explored with the China PAN Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global China PAN Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in China PAN Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global China PAN Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in China PAN Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Textile Industry, Chemical Industry, Manufacturers, R&D, Aerospace, Automotive, Construction Industry, Technology and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.