Home » Advanced Materials » India Polyacrylonitrile Fiber Market

India Polyacrylonitrile Fiber Market By Type (Standard PAN, High Modulus PAN, Medium Modulus PAN, Carbon Fiber Precursor PAN); By Application (Apparel & Clothing, Automotive & Transportation, Construction, Industrial, Medical); By End User (Textiles, Automotive Parts, Construction Material, Industrial Composites, Medical Devices); By Yarn Type (Filament Yarn, Staple Fibre) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
India Polyacrylonitrile Fiber Market Size 2023	USD 263.40 million
India Polyacrylonitrile Fiber Market, CAGR	6.2%
India Polyacrylonitrile Fiber Market Size 2032	USD 450.47 million

Market Overview

The India Polyacrylonitrile Fiber Market is projected to grow from USD 263.40 million in 2023 to an estimated USD 450.47 million by 2032, registering a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032. This growth is driven by increasing demand across various industries, including textiles, carbon fiber precursors, and specialty applications.

The market’s expansion is fueled by several key drivers, including the rising adoption of polyacrylonitrile fibers in high-performance textiles and composites. Trends such as lightweight materials in automotive and aerospace sectors and a focus on sustainability have increased the demand for this fiber. Additionally, government initiatives promoting domestic manufacturing and technological innovations further boost market growth. These factors, combined with a shift toward eco-friendly production methods, underline the industry’s progressive trajectory.

Geographically, the Indian market is witnessing robust growth in regions with a strong textile and manufacturing base, such as Gujarat, Maharashtra, and Tamil Nadu. The proximity to raw materials and well-established supply chains in these states enhances competitiveness. Key players driving the market include Reliance Industries Limited, Dralon GmbH, and Formosa Plastics Corporation, among others. These companies emphasize product innovation and strategic partnerships to capitalize on emerging opportunities, ensuring sustained growth and market leadership in India.

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

Market Insights

The India Polyacrylonitrile Fiber Market is projected to grow from USD 263.40 million in 2023 to USD 450.47 million by 2032, at a CAGR of 6.2%.
The market is driven by increasing demand for durable and lightweight fabrics in textiles, supported by advancements in fiber production technologies.
Polyacrylonitrile fibers are increasingly used as precursors for carbon fiber, fueling their demand in automotive, aerospace, and renewable energy sectors.
The shift toward eco-friendly production methods and recyclable materials aligns with global sustainability goals, driving market growth.
High production costs and limited availability of advanced manufacturing facilities pose challenges to market expansion.
West India, particularly Gujarat and Maharashtra, leads the market due to a strong textile and industrial base, followed by significant contributions from South and North India.
Prominent companies like Reliance Industries Limited and Dralon GmbH drive the market through innovation, strategic collaborations, and a focus on sustainability.

Market Drivers

Growing Demand from the Textile Industry

The India Polyacrylonitrile Fiber Market is significantly driven by the growing demand for high-performance fibers in the textile industry. Polyacrylonitrile (PAN) fibers are widely used in the production of synthetic fabrics due to their excellent properties such as high strength, durability, and resistance to heat and chemicals. The increasing demand for durable, lightweight, and functional textiles in the fashion and apparel sectors directly contributes to the expansion of the PAN fiber market. For instance, the Indian textile industry has significantly evolved, driven by an increasing focus on high-performance and functional textiles. This shift is reflected in the production of synthetic fabrics, where PAN fibers are favored for their exceptional properties, such as durability and heat resistance. The versatility of PAN fibers allows them to be utilized in a range of products including sweaters, blankets, and carpets, catering to the rising consumer preference for lightweight and durable materials.As India’s textile industry continues to evolve, with the adoption of newer production techniques and a shift towards higher-quality materials, the demand for polyacrylonitrile fiber is expected to grow steadily. India’s textile sector is not only one of the largest globally but also contributes substantially to the country’s export economy. The emphasis on high-value products, particularly technical textiles, highlights the industry’s transition towards more specialized materials that require advanced fibers like PAN. This trend is further reinforced by government initiatives aimed at enhancing manufacturing capabilities and promoting sustainable practices within the sector.

Rising Use in Carbon Fiber Production

Another significant driver for the India Polyacrylonitrile Fiber Market is the increasing demand for carbon fibers, with polyacrylonitrile fibers acting as the precursor material for carbon fiber production. Carbon fibers are lightweight, strong, and have a high resistance to heat, making them ideal for applications in industries such as aerospace, automotive, and renewable energy. As India continues to focus on infrastructural and industrial growth, the demand for carbon fibers has risen due to their usage in the manufacturing of lightweight and fuel-efficient vehicles, aircraft components, and wind turbine blades.The automotive sector, in particular, has been a key driver for the adoption of carbon fibers, where PAN-based carbon fibers are increasingly used to reduce vehicle weight and improve fuel efficiency. With the growing push toward sustainable transportation solutions and the demand for vehicles with better performance and lower emissions, the use of carbon fibers derived from polyacrylonitrile is becoming more prominent. Similarly, the aerospace industry’s need for high-strength, lightweight materials for aircraft components drives the demand for PAN-based carbon fibers. This trend is expected to continue in the coming years as more industries focus on sustainable, high-performance materials.

Technological Advancements in PAN Fiber Production

Technological advancements in polyacrylonitrile fiber production play a critical role in driving market growth in India. Innovations in manufacturing processes, such as advancements in spinning techniques and improvements in the polymerization of PAN, have led to the production of high-quality fibers with superior characteristics. For instance, advancements in production technology have led to improved spinning techniques and polymerization processes, resulting in higher quality PAN fibers that are more cost-effective to produce. Such innovations not only enhance the performance characteristics of these fibers but also align with the industry’s growing demand for sustainable materials.Moreover, the integration of automated and high-tech machinery in fiber production has allowed manufacturers to scale up operations while maintaining consistent quality. As production technologies improve, companies are better able to meet the growing demand for polyacrylonitrile fibers across different industries, from textiles to aerospace. Additionally, improvements in sustainability and the development of greener production processes contribute to the growing appeal of PAN fibers. With these technological advancements, the polyacrylonitrile fiber market in India is well-positioned to meet the evolving demands of various industries.

Government Support and Favorable Policies

The Indian government’s focus on strengthening the manufacturing sector, including the textile and composite industries, is a crucial driver for the polyacrylonitrile fiber market. Initiatives like “Atmanirbhar Bharat” (Self-Reliant India) and “Make in India” campaigns have encouraged domestic production and increased foreign investments, providing a favorable environment for growth.For instance, as India aims to strengthen its position in global markets, government policies such as “Make in India” and incentives for domestic production are pivotal. These initiatives encourage investment in high-performance materials like PAN fibers, which are essential for meeting evolving demands across various industries.The government’s push for domestic production of high-value materials like carbon fibers and advanced textiles aligns with increasing industrial demand for polyacrylonitrile fibers. Additionally, government policies aimed at promoting sustainability and energy efficiency in manufacturing processes further support their use—especially in sectors like automotive and aerospace where lightweight materials are paramount. India’s renewable energy sector also benefits from adopting polyacrylonitrile-based carbon fibers for producing durable wind turbine blades.

Market Trends

Shift Towards Sustainable and Eco-Friendly Production

A significant trend in the India Polyacrylonitrile Fiber Market is the increasing emphasis on sustainability and eco-friendly production practices. As global concerns about climate change and environmental impact continue to grow, industries are increasingly shifting toward sustainable materials and production methods. Polyacrylonitrile (PAN) fibers, particularly in the textile and composite industries, are benefiting from this trend due to their potential for eco-friendly manufacturing. The demand for biodegradable and recyclable fibers is rising as consumers and industries alike become more conscious of their environmental footprint.For instance, advancements in bio-based acrylonitrile (ACN) production are being explored, which significantly enhance the sustainability profile of carbon fiber manufacturing. Research indicates that bio-based ACN can reduce the carbon footprint associated with traditional petroleum-based sources, achieving a reduction of up to 70% in emissions during the production process. This transition not only addresses environmental concerns but also aligns with the growing demand for greener materials across various industries.In response to these shifts, manufacturers in India are focusing on developing more sustainable production techniques for PAN fibers, aiming to reduce waste, lower emissions, and minimize the use of harmful chemicals in the manufacturing process. Advances in recycling technologies, such as the use of post-consumer recycled PAN fibers and the development of greener production processes, are gaining traction. This trend is also reflected in the textile industry, where brands are increasingly adopting eco-friendly fabrics made from recycled polyacrylonitrile fibers. The increasing integration of recycled materials into production processes not only helps minimize waste but also caters to consumer preferences for environmentally responsible products.The emphasis on sustainability is expected to grow, with greater regulatory pressure on industries to adopt greener practices, making eco-friendly PAN fibers an attractive choice for manufacturers and consumers alike.

Growth in the Use of PAN Fibers in Carbon Fiber Production

Another important trend in the India Polyacrylonitrile Fiber Market is the growing adoption of PAN fibers as a precursor for carbon fiber production. Carbon fibers derived from PAN fibers are increasingly used in applications that require lightweight, high-strength materials, such as in the automotive, aerospace, and renewable energy industries. India’s growing automotive industry is a key driver for the increasing demand for lightweight materials, with carbon fibers helping to reduce vehicle weight and improve fuel efficiency. Similarly, the aerospace sector is adopting carbon fibers to manufacture lighter and stronger components, improving overall performance and reducing energy consumption.In the renewable energy sector, carbon fibers derived from PAN are used to produce durable wind turbine blades, which are essential for the expansion of wind energy infrastructure in India. The demand for renewable energy solutions is growing, and as carbon fiber production from PAN fibers becomes more cost-effective and efficient, the adoption of these materials is expected to rise. Furthermore, the automotive industry’s shift towards electric vehicles (EVs), which require lightweight materials to optimize battery efficiency and overall performance, is further propelling the demand for carbon fiber and, consequently, polyacrylonitrile fibers. This trend is expected to continue as India looks to improve the sustainability and performance of its industrial sectors, particularly in the automotive, aerospace, and energy industries.

Technological Advancements in PAN Fiber Manufacturing

Technological advancements in the manufacturing of polyacrylonitrile fibers are playing a pivotal role in shaping the current trends in the Indian market. With growing demand for high-performance materials, manufacturers are increasingly investing in innovative technologies to enhance the quality and efficiency of PAN fiber production. Key advancements include improvements in polymerization and spinning processes, leading to the production of fibers with superior mechanical and thermal properties. These innovations not only improve the performance of PAN fibers but also make their production more cost-effective, helping to meet the growing demand across various industries.Automation and digitalization are also increasingly being integrated into the manufacturing process of polyacrylonitrile fibers. The use of smart technologies, including Internet of Things (IoT) devices and data analytics, allows for greater precision in the production of fibers, optimizing quality control and reducing the likelihood of defects. Furthermore, innovations in polymer chemistry have enabled the development of PAN fibers with enhanced functionalities, such as improved resistance to UV radiation, higher durability, and better thermal stability. These advancements make them suitable for use in a wider range of applications—from textiles to industrial composites—enhancing competitiveness among Indian manufacturers in global markets.

Increasing Investment in R&D and Product Innovation

Research and development (R&D) and product innovation are key trends currently driving growth in the India Polyacrylonitrile Fiber Market. As demand for high-performance materials increases, manufacturers are investing heavily in R&D to explore new applications of PAN fibers and improve existing product properties. This includes developing high-strength PAN fibers for specialized applications such as automotive, aerospace, and defense while focusing on improving cost-effectiveness and exploring alternative feedstocks to lower environmental impact.Product innovation is another significant trend; manufacturers are looking to expand PAN fiber applications by developing hybrid fibers that combine PAN with other materials to achieve superior performance characteristics—such as enhanced strength, flexibility, and resistance to extreme temperatures. The increasing application of PAN fibers in technical textiles—used for protective clothing, filtration systems, and medical textiles—is also driving innovation. These textiles require high-performance fibers that offer durability, chemical resistance, and moisture-wicking properties—all characteristics inherent to polyacrylonitrile fibers.Additionally, companies are focusing on commercializing innovative products tailored to meet specific needs within niche industries. For example, there is growing momentum behind developing PAN fibers suitable for 3D printing applications. These innovations—driven by advancements in R&D and product development—are providing a competitive edge to Indian manufacturers both domestically and globally.

Market Challenges

High Production Costs and Limited Advanced Manufacturing Facilities

One of the primary challenges facing the India Polyacrylonitrile Fiber Market is the high cost associated with production. The manufacturing process for polyacrylonitrile (PAN) fibers, particularly for carbon fiber precursors, involves complex and energy-intensive steps that drive up costs. Additionally, the reliance on imported raw materials, such as acrylonitrile, adds to the expense, making it difficult for domestic manufacturers to remain cost-competitive. Limited access to advanced manufacturing facilities and technologies further exacerbates this issue, as it restricts the ability of local players to scale up production efficiently. Small and medium-sized enterprises (SMEs) often face barriers in adopting high-tech machinery due to substantial upfront investments, hindering their growth and ability to compete with global leaders.

Environmental and Regulatory Pressures

The polyacrylonitrile fiber market also faces challenges related to environmental and regulatory pressures. The production process for PAN fibers generates significant emissions and waste, raising concerns about environmental sustainability. Stricter regulations on emissions and waste management in India, driven by global and domestic sustainability goals, have increased the compliance burden on manufacturers. Meeting these stringent standards requires substantial investment in cleaner and more sustainable technologies, which can be a financial strain for many companies. Furthermore, the growing demand for eco-friendly products among consumers adds pressure to shift toward greener production methods, which are often more expensive and technologically demanding. Balancing cost-effectiveness with regulatory compliance and sustainability requirements remains a critical challenge for manufacturers in the Indian market.

Market Opportunities

Expansion in the Automotive and Aerospace Sectors

The growing demand for lightweight, high-performance materials in the automotive and aerospace industries presents a significant opportunity for the India Polyacrylonitrile Fiber Market. Polyacrylonitrile fibers are increasingly being used as precursors for carbon fiber production, which is critical for manufacturing strong yet lightweight components in vehicles and aircraft. As India’s automotive industry focuses on fuel efficiency, reduced emissions, and the development of electric vehicles (EVs), the demand for carbon fiber derived from PAN fibers is expected to rise substantially. Additionally, the aerospace sector’s increasing use of composite materials for aircraft parts further fuels this opportunity. With the shift towards greener and more energy-efficient transportation solutions, PAN-based carbon fibers offer a sustainable solution, positioning India as a key player in the global market for high-performance materials.

Growth in Renewable Energy Applications

The growing focus on renewable energy in India, particularly the expansion of wind energy infrastructure, presents another significant market opportunity for polyacrylonitrile fibers. PAN-based carbon fibers are widely used in the production of durable wind turbine blades, which require materials that combine strength and lightness to maximize efficiency and performance. As India continues to invest in renewable energy projects to meet its sustainability targets, the demand for PAN-derived carbon fibers is expected to increase. This aligns with the government’s renewable energy goals and offers a substantial growth opportunity for the polyacrylonitrile fiber market, particularly in the production of high-quality, durable components for the wind energy sector.

Market Segmentation Analysis

By Type

The polyacrylonitrile fiber market in India is segmented into four key types: Standard PAN, High Modulus PAN (HM-PAN), Medium Modulus PAN (MM-PAN), and Carbon Fiber Precursor PAN. Standard PAN dominates due to its versatility and extensive use in textiles, especially for acrylic fibers. HM-PAN, with its superior stiffness and strength, caters to industrial applications requiring enhanced performance, while MM-PAN provides a balance of strength and flexibility, making it ideal for technical textiles. Carbon Fiber Precursor PAN, crucial for producing carbon fibers, is witnessing rapid growth driven by its application in high-performance sectors like aerospace, automotive, and renewable energy, where lightweight and durable materials are in high demand.

By Application

The India Polyacrylonitrile Fiber Market caters to diverse applications, with the largest share driven by the textile sector, where PAN fibers are widely used to produce synthetic textiles like acrylic fibers for clothing. In the automotive and transportation industries, PAN fibers serve as precursors for carbon fibers, enabling lightweight, fuel-efficient vehicles with reduced emissions. In construction, PAN fibers reinforce composites in building materials, enhancing durability and strength. Industrial applications include filtration, geotextiles, and protective clothing, while the medical sector benefits from PAN fibers in surgical sutures, wound dressings, and other medical devices, valued for their biocompatibility and strength.

Segments

Based on Type

Standard PAN
High Modulus PAN
Medium Modulus PAN
Carbon Fiber Precursor PAN

Based on Application

Apparel & Clothing
Automotive & Transportation
Construction
Industrial
Medical

Based on End User

Textiles
Automotive Parts
Construction Material
Industrial Composites
Medical Devices

Based on Yarn Type

Filament Yarn
Staple Fibre

Based on Region

West India
South India
North India
East India

Regional Analysis

West India (38%)

West India dominates the polyacrylonitrile fiber market, accounting for approximately 38% of the market share in 2023. States like Gujarat and Maharashtra are at the forefront, driven by their strong presence in the textile and chemical industries. Gujarat, known as the textile hub of India, has a high concentration of manufacturing units producing PAN fibers for synthetic textiles and industrial applications. Additionally, Maharashtra’s industrial infrastructure and proximity to ports facilitate the import of raw materials and export of finished products, bolstering its position in the market. The region’s focus on innovation and sustainability in fiber production further strengthens its dominance.

South India (30%)

South India holds a significant 30% share of the market, with Tamil Nadu and Andhra Pradesh playing pivotal roles. Tamil Nadu, a leading state in textile production, generates substantial demand for PAN fibers for use in apparel and technical textiles. Andhra Pradesh, with its growing industrial and manufacturing base, supports the market through its investments in advanced textile technologies. The region’s well-established supply chains and skilled workforce contribute to its prominent position. Additionally, the increasing adoption of PAN-based carbon fibers in industrial composites and automotive applications adds to South India’s market growth.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key players

Shandong Haili
Jilin Chemical Fiber
Sateri
Fibrant
Jiangsu Sailboat Petrochemical
Xinjiang Tianye
Mitsubishi Chemical
Yantai Taihe
Yuanwang
Tongkun Group Co., Ltd

Competitive Analysis

The India Polyacrylonitrile Fiber Market is characterized by intense competition, driven by the presence of leading domestic and international players. Key companies such as Shandong Haili, Jilin Chemical Fiber, and Mitsubishi Chemical hold a strong position through their advanced technologies and diversified product portfolios. These players leverage their expertise in manufacturing high-quality polyacrylonitrile fibers for various applications, including textiles, automotive, and industrial composites. Companies like Jiangsu Sailboat Petrochemical and Tongkun Group Co., Ltd focus on innovation and sustainable production methods to meet the growing demand for eco-friendly fibers. Meanwhile, Fibrant and Xinjiang Tianye excel in maintaining cost efficiency, making them competitive in price-sensitive markets. Additionally, Yantai Taihe and Yuanwang are expanding their market presence through strategic collaborations and capacity expansions. The competitive landscape is further shaped by the adoption of advanced manufacturing technologies and R&D investments aimed at enhancing product quality and exploring new applications, ensuring robust growth opportunities in the dynamic Indian market.

Recent Developments

In August 2023, Jiangsu Sailboat Petrochemical launched a new range of PAN fibers specifically designed for use in medical textiles, addressing the rising demand for highInquality healthcare materials in India.

In September 2023, Xinjiang Tianye announced an investment to increase its production capacity of PAN fibers in India, focusing on supplying the automotive and aerospace sectors with lightweight materials.

In October 2023, Mitsubishi Chemical unveiled a new product line of highInperformance PAN fibers tailored for the Indian market, emphasizing applications in sportswear and industrial textiles.

In November 2023, Yantai Taihe entered into a strategic partnership with Indian textile manufacturers to coIndevelop innovative applications for PAN fibers, enhancing their presence in the local market.

In December 2023, Yuanwang launched a promotional campaign for its latest range of PAN fibers, targeting the Indian apparel industry and highlighting their benefits in durability and comfort.

In January 2024, Tongkun Group announced plans to establish a new production facility in India dedicated to PAN fiber manufacturing, aiming to capitalize on the growing demand within the region.

Market Concentration and Characteristics

The India Polyacrylonitrile Fiber Market is moderately concentrated, with a mix of prominent global players and emerging domestic manufacturers contributing to the competitive landscape. Key companies such as Shandong Haili, Mitsubishi Chemical, and Jilin Chemical Fiber dominate the market, leveraging advanced production technologies and extensive product portfolios. The market is characterized by a strong focus on innovation, driven by increasing demand for high-performance fibers in applications like textiles, automotive, and industrial composites. While global players bring technological expertise and large-scale production capacities, domestic firms are emphasizing cost efficiency and localized supply chains to cater to the price-sensitive Indian market. Additionally, the market is witnessing growing investment in sustainable and eco-friendly manufacturing practices, aligning with evolving consumer preferences and regulatory requirements. This blend of innovation, competitive pricing, and sustainability efforts defines the dynamic nature of the India Polyacrylonitrile Fiber Market.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, End User, Yarn Type and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The India Polyacrylonitrile Fiber Market is expected to witness steady growth, driven by increasing demand across textiles, automotive, and industrial sectors.

Rising adoption of PAN-based carbon fibers in aerospace, automotive, and renewable energy applications will significantly boost market demand.

Continued investment in advanced manufacturing technologies will improve fiber quality, reduce production costs, and enable the development of new applications.

Increasing emphasis on eco-friendly production methods and recyclable materials will drive innovation and align with global environmental standards.

The expanding use of PAN fibers in technical textiles, such as protective clothing and filtration systems, will create new growth opportunities.

The shift toward lightweight materials in electric vehicles and fuel-efficient automobiles will further augment the demand for PAN fibers in carbon composites.

Policies promoting domestic production and technological upgrades, such as “Make in India,” will strengthen the market’s competitive edge.

Regions like Gujarat, Maharashtra, and Tamil Nadu will continue to dominate production and consumption, supported by strong industrial infrastructure.

R&D efforts will focus on developing high-strength, multifunctional fibers for niche applications in industries like defense and medical devices.

Strategic partnerships and export-oriented initiatives will integrate India into global supply chains, enhancing its role in the international market for polyacrylonitrile fibers.

CHAPTER NO. 1 : INTRODUCTION 21

1.1.1. Report Description 21

Purpose of the Report 21

USP & Key Offerings 21

1.1.2. Key Benefits for Stakeholders 21

1.1.3. Target Audience 22

1.1.4. Report Scope 22

CHAPTER NO. 2 : EXECUTIVE SUMMARY 23

2.1. POLYACRYLONITRILE FIBER Market Snapshot 23

2.1.1. India POLYACRYLONITRILE FIBER Market, 2018 – 2032 (USD Million) 24

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 25

3.1. Russia-Ukraine and Israel-Palestine War Impacts 25

CHAPTER NO. 4 : POLYACRYLONITRILE FIBER MARKET – INDUSTRY ANALYSIS 26

4.1. Introduction 26

4.2. Market Drivers 27

4.2.1. Increasing demand for Carbon Fibre will drive the demand for PAN fibre 27

4.2.2. The growth of automotive and aerospace industry is driving the market 28

4.3. Market Restraints 29

4.3.1. High Cost of PAN restricting the growth 29

4.4. Market Opportunities 30

4.4.1. Market Opportunity Analysis 30

4.5. Porter’s Five Forces Analysis 31

4.6. Value Chain Analysis 32

4.7. Buying Criteria 33

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 34

5.1. Import Analysis by India 34

5.1.1. India POLYACRYLONITRILE FIBER Market Import Volume/Revenue, By India, 2018 – 2023 34

5.2. Export Analysis by India 35

5.2.1. India POLYACRYLONITRILE FIBER Market Export Volume/Revenue, By India, 2018 – 2023 35

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 36

6.1. Demand Analysis by India 36

6.1.1. India POLYACRYLONITRILE FIBER Market Demand Volume/Revenue, By India, 2018 – 2023 36

6.2. Supply Analysis by India 37

6.2.1. India POLYACRYLONITRILE FIBER Market Supply Volume/Revenue, By India, 2018 – 2023 37

CHAPTER NO. 7 : PRODUCTION ANALYSIS 38

7.1. Production Analysis by India 38

7.1.1. India POLYACRYLONITRILE FIBER Market Production Volume/Revenue, By India, 2018 – 2023 38

CHAPTER NO. 8 : PRICE ANALYSIS 39

8.1. Price Analysis by Type 39

8.1.1. India POLYACRYLONITRILE FIBER Market Price, By Type, 2018 – 2023 39

8.1.2. India Type Market Price, By Type, 2018 – 2023 39

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 40

9.1. Key Raw Materials and Suppliers 40

9.2. Key Raw Materials Price Trend 40

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 41

10.1. Manufacturing Cost Analysis 41

10.2. Manufacturing Process 41

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 42

11.1. Company Market Share Analysis – 2023 42

11.1.1. India POLYACRYLONITRILE FIBER Market: Company Market Share, by Volume, 2023 42

11.1.2. India POLYACRYLONITRILE FIBER Market: Company Market Share, by Revenue, 2023 43

11.1.3. India POLYACRYLONITRILE FIBER Market: Top 6 Company Market Share, by Revenue, 2023 43

11.1.4. India POLYACRYLONITRILE FIBER Market: Top 3 Company Market Share, by Revenue, 2023 44

11.2. India POLYACRYLONITRILE FIBER Market Company Volume Market Share, 2023 45

11.3. India POLYACRYLONITRILE FIBER Market Company Revenue Market Share, 2023 46

11.4. Company Assessment Metrics, 2023 47

11.4.1. Stars 47

11.4.2. Emerging Leaders 47

11.4.3. Pervasive Players 47

11.4.4. Participants 47

11.5. Start-ups /SMEs Assessment Metrics, 2023 47

11.5.1. Progressive Companies 47

11.5.2. Responsive Companies 47

11.5.3. Dynamic Companies 47

11.5.4. Starting Blocks 47

11.6. Strategic Developments 48

11.6.1. Acquisitions & Mergers 48

New Product Launch 48

India Expansion 48

11.7. Key Players Product Matrix 49

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 50

12.1. PESTEL 50

12.1.1. Political Factors 50

12.1.2. Economic Factors 50

12.1.3. Social Factors 50

12.1.4. Technological Factors 50

12.1.5. Environmental Factors 50

12.1.6. Legal Factors 50

12.2. Adjacent Market Analysis 50

CHAPTER NO. 13 : POLYACRYLONITRILE FIBER MARKET – BY TYPE SEGMENT ANALYSIS 51

13.1. POLYACRYLONITRILE FIBER Market Overview, by Type Segment 51

13.1.1. POLYACRYLONITRILE FIBER Market Revenue Share, By Type, 2023 & 2032 52

13.1.2. POLYACRYLONITRILE FIBER Market Attractiveness Analysis, By Type 53

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 53

13.1.4. POLYACRYLONITRILE FIBER Market Revenue, By Type, 2018, 2023, 2027 & 2032 54

13.2. Standard PAN 55

13.3. High Modulus Pan (HM Pan) 56

13.4. Medium Modulus Pan (MM-Pan) 57

13.5. Carbon Fibre Precursor PA 58

13.6. Type 5 59

CHAPTER NO. 14 : POLYACRYLONITRILE FIBER MARKET – BY APPLICATION SEGMENT ANALYSIS 60

14.1. POLYACRYLONITRILE FIBER Market Overview, by Application Segment 60

14.1.1. POLYACRYLONITRILE FIBER Market Revenue Share, By Application, 2023 & 2032 61

14.1.2. POLYACRYLONITRILE FIBER Market Attractiveness Analysis, By Application 62

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 62

14.1.4. POLYACRYLONITRILE FIBER Market Revenue, By Application, 2018, 2023, 2027 & 2032 63

14.2. Apparel & Clothing 64

14.3. Automotive & Transportation 65

14.4. Construction 66

14.5. Industrial 67

14.6. Medical 68

CHAPTER NO. 15 : POLYACRYLONITRILE FIBER MARKET – BY END-USER SEGMENT ANALYSIS 69

15.1. POLYACRYLONITRILE FIBER Market Overview, by End-user Segment 69

15.1.1. POLYACRYLONITRILE FIBER Market Revenue Share, By End-user, 2023 & 2032 70

15.1.2. POLYACRYLONITRILE FIBER Market Attractiveness Analysis, By End-user 71

15.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 71

15.1.4. POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2018, 2023, 2027 & 2032 72

15.2. Textiles 73

15.3. Automotive Parts 74

15.4. Construction Material 75

15.5. Industrial Composites 76

15.6. Medical Devices 77

CHAPTER NO. 16 : POLYACRYLONITRILE FIBER MARKET – BY YARN TYPE SEGMENT ANALYSIS 78

16.1. POLYACRYLONITRILE FIBER Market Overview, by Yarn Type Segment 78

16.1.1. POLYACRYLONITRILE FIBER Market Revenue Share, By Yarn Type, 2023 & 2032 79

16.1.2. POLYACRYLONITRILE FIBER Market Attractiveness Analysis, By Yarn Type 80

16.1.3. Incremental Revenue Growth Opportunity, by Yarn Type, 2024 – 2032 80

16.1.4. POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2018, 2023, 2027 & 2032 81

16.2. Filament Yarn 82

16.3. Staple Fibre 83

CHAPTER NO. 17 : POLYACRYLONITRILE FIBER MARKET – INDIA ANALYSIS 84

17.1. Type 84

17.1.1. India POLYACRYLONITRILE FIBER Market Revenue, By Type, 2018 – 2023 (USD Million) 84

17.2. India POLYACRYLONITRILE FIBER Market Revenue, By Type, 2024 – 2032 (USD Million) 85

17.3. Application 86

17.3.1. India POLYACRYLONITRILE FIBER Market Revenue, By Application, 2018 – 2023 (USD Million) 86

17.3.2. India POLYACRYLONITRILE FIBER Market Revenue, By Application, 2024 – 2032 (USD Million) 86

17.4. End-user 87

17.4.1. India POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2018 – 2023 (USD Million) 87

17.4.2. India POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2024 – 2032 (USD Million) 87

17.5. Yarn Type 88

17.5.1. India POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2018 – 2023 (USD Million) 88

17.5.2. India POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2024 – 2032 (USD Million) 88

17.6. Distribution Channel 89

17.6.1. India POLYACRYLONITRILE FIBER Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 89

17.6.2. India POLYACRYLONITRILE FIBER Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 89

CHAPTER NO. 18 : COMPANY PROFILES 90

18.1. Shandong Haili 90

18.1.1. Company Overview 90

18.1.2. Product Portfolio 90

18.1.3. Swot Analysis 90

18.1.4. Business Strategy 91

18.1.5. Financial Overview 91

18.2. Jilin Chemical Fiber 92

18.3. Sateri 92

18.4. Fibrant 92

18.5. Jiangsu Sailboat Petrochemical 92

18.6. Xinjiang Tianye 92

18.7. Mitsubishi Chemical 92

18.8. Yantai Taihe 92

18.9. Yuanwang 92

18.10. Tongkun Group Co., Ltd 92

18.11. Company 11 92

18.12. Company 12 92

18.13. Company 13 92

18.14. Company 14 92

List of Figures

FIG NO. 1. India POLYACRYLONITRILE FIBER Market Revenue, 2018 – 2032 (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for India POLYACRYLONITRILE FIBER Market 30

FIG NO. 3. Value Chain Analysis for India POLYACRYLONITRILE FIBER Market 31

FIG NO. 4. India POLYACRYLONITRILE FIBER Market Import Volume/Revenue, By India, 2018 – 2023 33

FIG NO. 5. India POLYACRYLONITRILE FIBER Market Export Volume/Revenue, By India, 2018 – 2023 34

FIG NO. 6. India POLYACRYLONITRILE FIBER Market Demand Volume/Revenue, By India, 2018 – 2023 35

FIG NO. 7. India POLYACRYLONITRILE FIBER Market Supply Volume/Revenue, By India, 2018 – 2023 36

FIG NO. 8. India POLYACRYLONITRILE FIBER Market Production Volume/Revenue, By India, 2018 – 2023 37

FIG NO. 9. India POLYACRYLONITRILE FIBER Market Price, By Type, 2018 – 2023 38

FIG NO. 10. Raw Materials Price Trend Analysis, 2018 – 2023 39

FIG NO. 11. Manufacturing Cost Analysis 40

FIG NO. 12. Manufacturing Process 40

FIG NO. 13. Company Share Analysis, 2023 41

FIG NO. 14. Company Share Analysis, 2023 42

FIG NO. 15. Company Share Analysis, 2023 42

FIG NO. 16. Company Share Analysis, 2023 43

FIG NO. 17. POLYACRYLONITRILE FIBER Market – Company Volume Market Share, 2023 44

FIG NO. 18. POLYACRYLONITRILE FIBER Market – Company Revenue Market Share, 2023 45

FIG NO. 19. POLYACRYLONITRILE FIBER Market Revenue Share, By Type, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Type 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 52

FIG NO. 22. POLYACRYLONITRILE FIBER Market Revenue, By Type, 2018, 2023, 2027 & 2032 53

FIG NO. 23. India POLYACRYLONITRILE FIBER Market for Standard PAN, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. India POLYACRYLONITRILE FIBER Market for High Modulus Pan (HM Pan) , Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. India POLYACRYLONITRILE FIBER Market for Medium Modulus Pan (MM-Pan), Revenue (USD Million) 2018 – 2032 56

FIG NO. 26. India POLYACRYLONITRILE FIBER Market for Carbon Fibre Precursor PA, Revenue (USD Million) 2018 – 2032 57

FIG NO. 27. India POLYACRYLONITRILE FIBER Market for Type 5, Revenue (USD Million) 2018 – 2032 58

FIG NO. 28. POLYACRYLONITRILE FIBER Market Revenue Share, By Application, 2023 & 2032 60

FIG NO. 29. Market Attractiveness Analysis, By Application 61

FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 61

FIG NO. 31. POLYACRYLONITRILE FIBER Market Revenue, By Application, 2018, 2023, 2027 & 2032 62

FIG NO. 32. India POLYACRYLONITRILE FIBER Market for Apparel & Clothing, Revenue (USD Million) 2018 – 2032 63

FIG NO. 33. India POLYACRYLONITRILE FIBER Market for Automotive & Transportation, Revenue (USD Million) 2018 – 2032 64

FIG NO. 34. India POLYACRYLONITRILE FIBER Market for Construction, Revenue (USD Million) 2018 – 2032 65

FIG NO. 35. India POLYACRYLONITRILE FIBER Market for Industrial, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. India POLYACRYLONITRILE FIBER Market for Medical, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. POLYACRYLONITRILE FIBER Market Revenue Share, By End-user, 2023 & 2032 69

FIG NO. 38. Market Attractiveness Analysis, By End-user 70

FIG NO. 39. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 70

FIG NO. 40. POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2018, 2023, 2027 & 2032 71

FIG NO. 41. India POLYACRYLONITRILE FIBER Market for Textiles, Revenue (USD Million) 2018 – 2032 72

FIG NO. 42. India POLYACRYLONITRILE FIBER Market for Automotive Parts, Revenue (USD Million) 2018 – 2032 73

FIG NO. 43. India POLYACRYLONITRILE FIBER Market for Construction Material, Revenue (USD Million) 2018 – 2032 74

FIG NO. 44. India POLYACRYLONITRILE FIBER Market for Industrial Composites, Revenue (USD Million) 2018 – 2032 75

FIG NO. 45. India POLYACRYLONITRILE FIBER Market for Medical Devices, Revenue (USD Million) 2018 – 2032 76

FIG NO. 46. POLYACRYLONITRILE FIBER Market Revenue Share, By Yarn Type, 2023 & 2032 78

FIG NO. 47. Market Attractiveness Analysis, By Yarn Type 79

FIG NO. 48. Incremental Revenue Growth Opportunity by Yarn Type, 2024 – 2032 79

FIG NO. 49. POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2018, 2023, 2027 & 2032 80

FIG NO. 50. India POLYACRYLONITRILE FIBER Market for Filament Yarn, Revenue (USD Million) 2018 – 2032 81

FIG NO. 51. India POLYACRYLONITRILE FIBER Market for Staple Fibre, Revenue (USD Million) 2018 – 2032 82

List of Tables

TABLE NO. 1. : India POLYACRYLONITRILE FIBER Market: Snapshot 22

TABLE NO. 2. : Drivers for the POLYACRYLONITRILE FIBER Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the POLYACRYLONITRILE FIBER Market: Impact Analysis 28

TABLE NO. 4. : India POLYACRYLONITRILE FIBER Market Revenue, By Type, 2018 – 2023 38

TABLE NO. 5. : Key Raw Materials & Suppliers 39

TABLE NO. 6. : India POLYACRYLONITRILE FIBER Market Revenue, By Type, 2018 – 2023 (USD Million) 83

TABLE NO. 7. : India POLYACRYLONITRILE FIBER Market Revenue, By Type, 2024 – 2032 (USD Million) 84

TABLE NO. 8. : India POLYACRYLONITRILE FIBER Market Revenue, By Application, 2018 – 2023 (USD Million) 85

TABLE NO. 9. : India POLYACRYLONITRILE FIBER Market Revenue, By Application, 2024 – 2032 (USD Million) 85

TABLE NO. 10. : India POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2018 – 2023 (USD Million) 86

TABLE NO. 11. : India POLYACRYLONITRILE FIBER Market Revenue, By End-user, 2024 – 2032 (USD Million) 86

TABLE NO. 12. : India POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2018 – 2023 (USD Million) 87

TABLE NO. 13. : India POLYACRYLONITRILE FIBER Market Revenue, By Yarn Type, 2024 – 2032 (USD Million) 87

TABLE NO. 14. : India POLYACRYLONITRILE FIBER Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 88

TABLE NO. 15. : India POLYACRYLONITRILE FIBER Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 88

Frequently Asked Questions

What is the market size of the India Polyacrylonitrile Fiber Market in 2023 and 2032, and its CAGR?

The market size is USD 263.40 million in 2023 and is projected to reach USD 450.47 million by 2032, with a CAGR of 6.2% from 2024 to 2032.

What are the primary drivers of growth in the India Polyacrylonitrile Fiber Market?

Key drivers include increasing demand for high-performance textiles, lightweight materials in automotive and aerospace sectors, and government support for domestic manufacturing.

How is sustainability influencing the market?

The focus on eco-friendly production and recyclable materials is driving innovation and aligning the market with global environmental standards.

Who are the key players in the India Polyacrylonitrile Fiber Market?

Prominent players include Reliance Industries Limited, Dralon GmbH, and Formosa Plastics Corporation, focusing on innovation and strategic partnerships to enhance market leadership.

Purchase Options

Single User

$2699

Multi User

$3699

Custom Report

$5699

Request Free Sample

Have a question?

Don’t settle for less – trust Mitul to help you find the best solution.

Call: +91 6232 49 3207

EMAIL MITUL

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –