Oxidized PAN fibers Market is predicted to reach USD 5,105.15 million at a CAGR of 2.86% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Oxidized PAN fibers Market”.

The Oxidized PAN fibers market is estimated to register a CAGR of 2.86% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Oxidized PAN fibers market—

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., Shenzhen Xiangu High-Tech. Co., Ltd., an others

Oxidized PAN fibers Market Highlights

The global Oxidized PAN fibers market accounted for registering a CAGR of 2.86% during the forecast period and is estimated to reach USD 6,395.71 million by 2032. Global Oxidized PAN fibers Market Size was valued at USD 4,977.72 million in 2023 and USD 5,105.15 million by 2024.

Oxidized PAN fiber, also known as oxidized polyacrylonitrile fiber, is a high-performance material that is derived from the oxidation of polyacrylonitrile (PAN) precursor fibers. This process involves subjecting the PAN fibers to controlled heating in the presence of oxygen, resulting in a chemical transformation that enhances their structural and mechanical properties. The oxidation process modifies the molecular structure of the PAN fibers, leading to the formation of stable, highly oriented carbon chains. This transformation results in the creation of oxidized PAN fiber, which exhibits exceptional strength, stiffness, and heat resistance. 

During the forecast period we may see a rapid adoption of oxidized pan fiber on account of its growing usage in automotive & transportation, aerospace & defense, textile, energy storage, and other end-use industries. Oxidized pan fiber is widely used in the automotive industry. With the growing emphasis on lightweight design and fuel efficiency, these fibers are utilized in the manufacturing of vehicle components, including body panels, chassis, and interior parts. The use of oxidized PAN fiber composites in automobiles not only reduces weight but also improves performance and safety. These fibers offer excellent crash resistance and impact absorption properties, enhancing the overall safety of the vehicle. In addition, the exceptional strength and durability of oxidized PAN fiber make it an excellent choice for fabrics used in demanding environments. These textiles find application in industries such as aerospace, automotive, and defense, where they are used for reinforcement, protection, and insulation. The lightweight nature of these fibers also makes them suitable for applications in sportswear and outdoor apparel, providing both comfort and performance-enhancing properties.

The advantages offered by oxidized pan fibers are very crucial for aerospace and defense application. The industry's focus on light weighting and fuel efficiency has led to the increased use of oxidized pan fiber composites, including oxidized PAN fiber-based materials, in aircraft construction. The high strength-to-weight ratio of these fibers allows to produce lightweight yet strong components, contributing to improved fuel efficiency and increased payload capacity. Additionally, the aerospace and defense industry's emphasis on safety and performance has led to the adoption of oxidized pan fiber composites in critical applications. The exceptional strength and stiffness of oxidized PAN fibers contribute to enhanced structural integrity, making them ideal for use in aircraft components that require high strength and durability. Furthermore, the demand for advanced materials in the aerospace and defense industry is driven by the need for technological advancements and innovation. Oxidized PAN fibers offer unique properties that can be leveraged to develop new and improved aerospace and defense technologies. Thus, the industry's focus on light weighting, safety, performance, and technological advancements creates opportunities for the application of these fibers in various aerospace and defense applications.

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Segment Analysis

The global Oxidized PAN fibers market has been segmented based on Type, Application, End-Use Industry and Region.

Based on type, the Global oxidized pan fiber market is segmented into LOI 45%-50%, LOI 51%-55%, and LOI 56%-60%. The LOI 45%-50% segment accounted for the largest market share with a market value of USD 2,673.30 million in 2023 and is anticipated to reach USD 3,359.55 million by 2032 witnessing growth at a CAGR of 2.60% from 2024 to 2032. Based on application, the global oxidized pan fiber market is segmented into Carbon Fiber, Gaskets & Seals, Brakes, Composites, and others. The carbon fiber segment accounted for the largest market share with market value of USD 2,676.78 million in 2023 and is anticipated to reach USD 6,104.82 million by 2032 witnessing growth at a CAGR of 10.48% from 2024 to 2032. Based on end-use industry, the global oxidized pan fiber market is segmented into textile, Automotive & Transportation, Aerospace & Defense, Energy Storage, and others. The textile segment accounted for the largest market share with market value of USD 1,579.40 million in 2023 and is anticipated to reach USD 2,066.27 million by 2032 witnessing growth at a CAGR of 3.06% from 2024 to 2032.

Regional Analysis

By Region, the Oxidized PAN fibers market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Europe Oxidized PAN fibers market holds a considerable market share during the forecast period. The Europe oxidized pan fiber market accounted for USD 1,906.54 million in 2023 and is projected to grow at a CAGR of 3.03% during the forecast period. Europe is witnessing a growing demand for oxidized PAN fiber driven by several factors. The stringent safety regulations and standards in the region call for flame-retardant materials across various industries, including automotive, aerospace, and construction. As a result, there is an increasing need for oxidized PAN fiber in the production of fire-resistant textiles, insulation materials, and protective equipment. Moreover, the emphasis on reducing carbon emissions and promoting sustainability in the European Union supports the adoption of oxidized PAN fiber in energy-efficient applications. The ongoing advancements in material science and fiber technology, driven by research institutions and industry collaborations, further expand the application areas of oxidized PAN fibers in Europe.

Key Findings of the Study

• The global Oxidized PAN fibers market is expected to reach USD 6,395.71 million by 2032, at a CAGR of 2.86% during the forecast period.


• The Europe region accounted for the fastest-growing global market.


• 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., Shenzhen Xiangu High-Tech. Co., Ltd., an others