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The pan-based carbon fiber cloth is also known as polyacrylonitrile based fiber cloth. It is available in various categories such as graphite carbon fiber, carbon fiber cloth, and pre-oxidized carbon fiber cloth. They are available in different shapes and sizes based on application needs. The product provides excellent heat resistance, high x-ray permeability, high fatigue strength, vibration damping, good wear resistance, and high rigidity. These factors surge the demand for pan-based carbon fiber in the wide range of applications which include aerospace & defense, automotive, sports & recreation, and wind energy.
The increasing demand for carbon fiber fabric in various applications will boost the consumption of pan-based carbon fiber cloth. The carbon fiber fabric is mainly utilized for exterior components owing to its superior designability and moldability. It is also available in the variety of fabrics including twilled, plain, and satin fabrics. The carbon fiber fabric finds its application in automotive and aerospace & defense. Hence, the increasing demand for the carbon fiber fabric will fuel the pan-based carbon fiber cloth market growth during the forecast timeline.
However, the unavailability of pan-based carbon fiber cloth restrict its adoption in various application. Hence, this іѕ anticipated hindering the market growth.
Key Market Driver -
The rising demand for carbon fiber fabric in various applications to drive the market growth.
Key Market Restraint -
Lack of availability to restrict the market growth
Based on type, the pan-based carbon fiber cloth market is segmented into graphite carbon fiber, carbon fiber cloth, pre oxidized carbon fiber cloth, and others. Based on application, the market is segmented into aerospace & defense, wind energy, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the pan-based carbon fiber cloth market include TORAY INDUSTRIES, INC, VARTEST LABORATORIES INC., SGL Carbon, and Mitsubishi Chemical Corporation.
Asia Pacific is anticipated to witness sustainable growth in the pan-based carbon fiber cloth market. The growth is attributed to the rising adoption of the graphite carbon fiber in wind energy. The increasing use of carbon-based fabric in the automotive industry will fuel the market growth in Europe, in which UK and Germany are the leading countries. In North America, the growth is due to the adoption of the product in the aerospace & defense application. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the sports & recreation.
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