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Chemical & Material Global Carbon Fiber Based on PAN Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4642382
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  • 24 October, 2025
    • |
  • Global
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  • 123 Pages
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  • GIR
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  • Chemical & Material

According to our (Global Info Research) latest study, the global Carbon Fiber Based on PAN market size was valued at US$ 4315 million in 2024 and is forecast to a readjusted size of USD 7878 million by 2031 with a CAGR of 9.1% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Carbon fiber based on PAN refers to carbon fibers that are derived from polyacrylonitrile (PAN) precursor materials. The use of PAN as the precursor material for carbon fibers is favored due to several factors, including its high carbon yield, excellent mechanical properties, and the ability to produce carbon fibers with high tensile strength and modulus. Carbon fibers derived from PAN exhibit superior mechanical properties, such as high tensile strength, stiffness, and resistance to deformation. These characteristics make PAN-based carbon fibers highly desirable for applications in industries such as aerospace, automotive, wind energy, sports equipment, and various other high-performance applications.
The global carbon fiber market based on PAN precursor materials was experiencing steady growth. However, as market conditions can change rapidly, I recommend referring to the latest industry reports or market analysis for the most up-to-date information. These reports usually provide a comprehensive overview of the global carbon fiber market, including its size, growth prospects, key players, and regional dynamics.
Some key factors influencing the global carbon fiber market based on PAN include:
Increasing Demand in Aerospace and Defense: The aerospace and defense industries are major consumers of carbon fiber-based materials. The lightweight and high-strength properties of PAN-based carbon fibers make them highly sought-after for aircraft, missiles, and other defense applications.
Automotive Industry Expansion: The automotive industry has been adopting carbon fiber composites in various components to reduce weight and enhance fuel efficiency. PAN-based carbon fibers play a crucial role in this trend, as they offer excellent strength-to-weight ratios.
Rising Wind Energy Sector: The wind energy sector relies on strong and lightweight materials for wind turbine blades. PAN-based carbon fibers have gained popularity in this industry due to their ability to withstand harsh environmental conditions and provide optimal energy capture.
Sports and Leisure Applications: Carbon fiber-based sporting goods and leisure equipment, such as bicycles, golf clubs, and tennis rackets, have seen increased demand. The use of PAN-based carbon fibers helps achieve lightweight designs and improved performance.
Continuous Technological Advancements: Ongoing research and development efforts focus on enhancing the properties and manufacturing processes of PAN-based carbon fibers, leading to improved quality, scalability, and cost-effectiveness.
Sustainability and Environmental Concerns: The carbon fiber industry, including PAN-based carbon fibers, is actively exploring sustainable practices, such as recycling and bio-based precursor materials, to reduce the environmental impact.
This report is a detailed and comprehensive analysis for global Carbon Fiber Based on PAN market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Carbon Fiber Based on PAN market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Carbon Fiber Based on PAN market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Carbon Fiber Based on PAN market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Carbon Fiber Based on PAN market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Carbon Fiber Based on PAN
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Carbon Fiber Based on PAN market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toray Industries, SGL Group, Hexcel Corporation, Mitsubishi Rayon, Teijin Limited, Formosa Plastics Corporation, Solvay, Hyosung, Zoltek Companies, Cytec Industries Inc, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Carbon Fiber Based on PAN market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Continuous Carbon Fiber
Long Carbon Fiber
Short Carbon Fiber
Other
Market segment by Application
Aerospace and Defense
Automobile Industry
Electrical and Electronics
Civil Engineering
Other
Major players covered
Toray Industries
SGL Group
Hexcel Corporation
Mitsubishi Rayon
Teijin Limited
Formosa Plastics Corporation
Solvay
Hyosung
Zoltek Companies
Cytec Industries Inc
DowAksa
Toho Tenax
Kureha Corporation
Mitsui Chemicals
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Carbon Fiber Based on PAN product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Carbon Fiber Based on PAN, with price, sales quantity, revenue, and global market share of Carbon Fiber Based on PAN from 2020 to 2025.
Chapter 3, the Carbon Fiber Based on PAN competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Carbon Fiber Based on PAN breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Carbon Fiber Based on PAN market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Carbon Fiber Based on PAN.
Chapter 14 and 15, to describe Carbon Fiber Based on PAN sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Carbon Fiber Based on PAN Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Continuous Carbon Fiber
    • 1.3.3 Long Carbon Fiber
    • 1.3.4 Short Carbon Fiber
    • 1.3.5 Other
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Carbon Fiber Based on PAN Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Aerospace and Defense
    • 1.4.3 Automobile Industry
    • 1.4.4 Electrical and Electronics
    • 1.4.5 Civil Engineering
    • 1.4.6 Other
  • 1.5 Global Carbon Fiber Based on PAN Market Size & Forecast
    • 1.5.1 Global Carbon Fiber Based on PAN Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Carbon Fiber Based on PAN Sales Quantity (2020-2031)
    • 1.5.3 Global Carbon Fiber Based on PAN Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Toray Industries
    • 2.1.1 Toray Industries Details
    • 2.1.2 Toray Industries Major Business
    • 2.1.3 Toray Industries Carbon Fiber Based on PAN Product and Services
    • 2.1.4 Toray Industries Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Toray Industries Recent Developments/Updates
  • 2.2 SGL Group
    • 2.2.1 SGL Group Details
    • 2.2.2 SGL Group Major Business
    • 2.2.3 SGL Group Carbon Fiber Based on PAN Product and Services
    • 2.2.4 SGL Group Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 SGL Group Recent Developments/Updates
  • 2.3 Hexcel Corporation
    • 2.3.1 Hexcel Corporation Details
    • 2.3.2 Hexcel Corporation Major Business
    • 2.3.3 Hexcel Corporation Carbon Fiber Based on PAN Product and Services
    • 2.3.4 Hexcel Corporation Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Hexcel Corporation Recent Developments/Updates
  • 2.4 Mitsubishi Rayon
    • 2.4.1 Mitsubishi Rayon Details
    • 2.4.2 Mitsubishi Rayon Major Business
    • 2.4.3 Mitsubishi Rayon Carbon Fiber Based on PAN Product and Services
    • 2.4.4 Mitsubishi Rayon Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Mitsubishi Rayon Recent Developments/Updates
  • 2.5 Teijin Limited
    • 2.5.1 Teijin Limited Details
    • 2.5.2 Teijin Limited Major Business
    • 2.5.3 Teijin Limited Carbon Fiber Based on PAN Product and Services
    • 2.5.4 Teijin Limited Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Teijin Limited Recent Developments/Updates
  • 2.6 Formosa Plastics Corporation
    • 2.6.1 Formosa Plastics Corporation Details
    • 2.6.2 Formosa Plastics Corporation Major Business
    • 2.6.3 Formosa Plastics Corporation Carbon Fiber Based on PAN Product and Services
    • 2.6.4 Formosa Plastics Corporation Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Formosa Plastics Corporation Recent Developments/Updates
  • 2.7 Solvay
    • 2.7.1 Solvay Details
    • 2.7.2 Solvay Major Business
    • 2.7.3 Solvay Carbon Fiber Based on PAN Product and Services
    • 2.7.4 Solvay Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Solvay Recent Developments/Updates
  • 2.8 Hyosung
    • 2.8.1 Hyosung Details
    • 2.8.2 Hyosung Major Business
    • 2.8.3 Hyosung Carbon Fiber Based on PAN Product and Services
    • 2.8.4 Hyosung Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Hyosung Recent Developments/Updates
  • 2.9 Zoltek Companies
    • 2.9.1 Zoltek Companies Details
    • 2.9.2 Zoltek Companies Major Business
    • 2.9.3 Zoltek Companies Carbon Fiber Based on PAN Product and Services
    • 2.9.4 Zoltek Companies Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Zoltek Companies Recent Developments/Updates
  • 2.10 Cytec Industries Inc
    • 2.10.1 Cytec Industries Inc Details
    • 2.10.2 Cytec Industries Inc Major Business
    • 2.10.3 Cytec Industries Inc Carbon Fiber Based on PAN Product and Services
    • 2.10.4 Cytec Industries Inc Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Cytec Industries Inc Recent Developments/Updates
  • 2.11 DowAksa
    • 2.11.1 DowAksa Details
    • 2.11.2 DowAksa Major Business
    • 2.11.3 DowAksa Carbon Fiber Based on PAN Product and Services
    • 2.11.4 DowAksa Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 DowAksa Recent Developments/Updates
  • 2.12 Toho Tenax
    • 2.12.1 Toho Tenax Details
    • 2.12.2 Toho Tenax Major Business
    • 2.12.3 Toho Tenax Carbon Fiber Based on PAN Product and Services
    • 2.12.4 Toho Tenax Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Toho Tenax Recent Developments/Updates
  • 2.13 Kureha Corporation
    • 2.13.1 Kureha Corporation Details
    • 2.13.2 Kureha Corporation Major Business
    • 2.13.3 Kureha Corporation Carbon Fiber Based on PAN Product and Services
    • 2.13.4 Kureha Corporation Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Kureha Corporation Recent Developments/Updates
  • 2.14 Mitsui Chemicals
    • 2.14.1 Mitsui Chemicals Details
    • 2.14.2 Mitsui Chemicals Major Business
    • 2.14.3 Mitsui Chemicals Carbon Fiber Based on PAN Product and Services
    • 2.14.4 Mitsui Chemicals Carbon Fiber Based on PAN Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Mitsui Chemicals Recent Developments/Updates

3 Competitive Environment: Carbon Fiber Based on PAN by Manufacturer

  • 3.1 Global Carbon Fiber Based on PAN Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Carbon Fiber Based on PAN Revenue by Manufacturer (2020-2025)
  • 3.3 Global Carbon Fiber Based on PAN Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Carbon Fiber Based on PAN by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Carbon Fiber Based on PAN Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Carbon Fiber Based on PAN Manufacturer Market Share in 2024
  • 3.5 Carbon Fiber Based on PAN Market: Overall Company Footprint Analysis
    • 3.5.1 Carbon Fiber Based on PAN Market: Region Footprint
    • 3.5.2 Carbon Fiber Based on PAN Market: Company Product Type Footprint
    • 3.5.3 Carbon Fiber Based on PAN Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Carbon Fiber Based on PAN Market Size by Region
    • 4.1.1 Global Carbon Fiber Based on PAN Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Carbon Fiber Based on PAN Consumption Value by Region (2020-2031)
    • 4.1.3 Global Carbon Fiber Based on PAN Average Price by Region (2020-2031)
  • 4.2 North America Carbon Fiber Based on PAN Consumption Value (2020-2031)
  • 4.3 Europe Carbon Fiber Based on PAN Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Carbon Fiber Based on PAN Consumption Value (2020-2031)
  • 4.5 South America Carbon Fiber Based on PAN Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Carbon Fiber Based on PAN Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 5.2 Global Carbon Fiber Based on PAN Consumption Value by Type (2020-2031)
  • 5.3 Global Carbon Fiber Based on PAN Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 6.2 Global Carbon Fiber Based on PAN Consumption Value by Application (2020-2031)
  • 6.3 Global Carbon Fiber Based on PAN Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 7.2 North America Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 7.3 North America Carbon Fiber Based on PAN Market Size by Country
    • 7.3.1 North America Carbon Fiber Based on PAN Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Carbon Fiber Based on PAN Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 8.2 Europe Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 8.3 Europe Carbon Fiber Based on PAN Market Size by Country
    • 8.3.1 Europe Carbon Fiber Based on PAN Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Carbon Fiber Based on PAN Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Carbon Fiber Based on PAN Market Size by Region
    • 9.3.1 Asia-Pacific Carbon Fiber Based on PAN Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Carbon Fiber Based on PAN Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 10.2 South America Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 10.3 South America Carbon Fiber Based on PAN Market Size by Country
    • 10.3.1 South America Carbon Fiber Based on PAN Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Carbon Fiber Based on PAN Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Carbon Fiber Based on PAN Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Carbon Fiber Based on PAN Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Carbon Fiber Based on PAN Market Size by Country
    • 11.3.1 Middle East & Africa Carbon Fiber Based on PAN Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Carbon Fiber Based on PAN Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Carbon Fiber Based on PAN Market Drivers
  • 12.2 Carbon Fiber Based on PAN Market Restraints
  • 12.3 Carbon Fiber Based on PAN Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Carbon Fiber Based on PAN and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Carbon Fiber Based on PAN
  • 13.3 Carbon Fiber Based on PAN Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Carbon Fiber Based on PAN Typical Distributors
  • 14.3 Carbon Fiber Based on PAN Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Carbon Fiber Based on PAN. Industry analysis & Market Report on Carbon Fiber Based on PAN is a syndicated market report, published as Global Carbon Fiber Based on PAN Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Carbon Fiber Based on PAN market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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