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Polyacrylonitrile (PAN) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24299
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Polyacrylonitrile (PAN) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyacrylonitrile (PAN) | Chemical | USA | 2554 USD/MT |
| Polyacrylonitrile (PAN) | Chemical | China | 1388 USD/MT |
| Polyacrylonitrile (PAN) | Chemical | Germany | 3562 USD/MT |
The polyacrylonitrile (PAN) prices in the United States for Q4 2023 reached 2554 USD/MT in December. The market saw volatile prices in the period. Initially, domestic demand was low, resulting in subdued prices. However, as the quarter approached, demand picked up, and suppliers redirected stocks to international markets, creating a domestic supply crisis. This shift led to rising PAN costs and varied market performance by year-end.
The price trend for polyacrylonitrile (PAN) in China for Q4 2023, reached 1388 USD/MT in December. During this quarter, the market tackled a downward trend in prices. An oversupply of inventory combined with weak domestic demand exerted considerable pressure on prices. As international demand diminished, this further intensified the price decline. Reduced production costs from falling feedstock prices did less to support the market, resulting in a lackluster performance overall.
The price trend for PAN in Germany for Q4 2023, reached 3562 USD/MT in December. The market experienced disruptions during this quarter. Maintenance shutdowns in related sectors led to decreased demand, while logistical issues such as port congestion and shipping problems, exacerbated by regional conflicts, strained supply chains. This situation led to a turbulent market with weak demand and limited supply impacting prices.
Polyacrylonitrile (PAN) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyacrylonitrile (PAN) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyacrylonitrile (PAN) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polyacrylonitrile (PAN) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyacrylonitrile (PAN) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyacrylonitrile (PAN) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyacrylonitrile (PAN) Market Analysis
The global polyacrylonitrile (PAN) market size reached US$ 8.17 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 13.12 Billion, at a projected CAGR of 5.40% during 2023-2032.
- Carbon fibers are valuable in lightweight and high-strength applications in aerospace, automotive, and sports industries. PAN is an important material in the production of carbon fibers across the globe.
- There is a rise in the demand for water treatment due to the lack of freshwater resources around the world. For water treatment processes, PAN-based fibers are used in filtration membranes.
- The PAN market share is further being reinforced by its utilization in the construction of concrete structures, as it can improve their durability and structural integrity. The thriving construction industry is catalyzing the demand for PAN-based materials. As per an article published on the website of the Infrastructure and Cities for Economic Development (IECD), the construction sector will represent around 14.7% global GDP by 2030.
- In the electronics and semiconductor industries, PAN-derived materials are in high demand on account of their enhanced thermal and electrical properties. They are highly preferable for insulation applications and manufacturing semiconductor products.
- PAN production is showing an upward trajectory driven by innovations in PAN manufacturing processes, such as enhanced solution and suspension polymerization, which are used to increase the quality and consistency of PAN fibers.
- The market share is also expanding owing to the rising focus of people on renewable energy sources. Wind turbine blades and other components are manufactured with the help of PAN-based materials, as their lightweight and high-strength properties are very advantageous in the renewable energy sector. According to the IMARC Group’s report, the renewable energy market is projected to reach US$ 1,733.0 Billion by 2032.
Polyacrylonitrile (PAN) News
The report covers the latest developments, updates, and trends impacting the global polyacrylonitrile (PAN) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyacrylonitrile (PAN) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyacrylonitrile (PAN) price trend.
Latest developments in the polyacrylonitrile (PAN) industry:
- In 2023: Toyobo Co., Ltd. (Toyobo) and Mitsubishi Corporation (MC) announced the launch of operations at their new joint venture company, Toyobo MC Corporation (Toyobo-MC), which will specialize in the planning, development, manufacturing, and sales of functional materials.
Product Description
Polyacrylonitrile (PAN) is a synthetic polymer formed from acrylonitrile monomers. It is renowned for its remarkable strength, high tensile modulus, and resilience to heat and chemicals. It has the properties of wool, including softness, warmth, and resistance to sunlight and weathering. Several industrial applications rely on PAN owing to its versatility and ability to perform numerous processes.
To produce acrylic fibers in the textile industry, it plays a crucial role. Beyond textiles, PAN plays an important role in carbon fiber synthesis. PAN fiber can also be converted to carbon fibers via a controlled oxidation and carbonization process.
Regional Coverage
The report provides a detailed analysis of the polyacrylonitrile (PAN) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyacrylonitrile (PAN) price trend.
Global Polyacrylonitrile (PAN) Price
The report offers a holistic view of the global polyacrylonitrile (PAN) pricing trends in the form of polyacrylonitrile (PAN) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyacrylonitrile (PAN) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into polyacrylonitrile (PAN) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyacrylonitrile (PAN) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polyacrylonitrile (PAN) Price
During the last period, the market faced considerable challenges. The market was impacted by several maintenance shutdowns in industries like rubber, which severely disrupted demand. Compounding this issue were logistical difficulties including congestion at port and complications within the shipping industry, particularly due to problems in the region of the Red Sea. These factors created a situation where prices were influenced by unstable demand and restricted supply. As a result, the European PAN market experienced muted activity and overall market sentiment was quite restrained.
This analysis can be extended to include detailed polyacrylonitrile (PAN) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyacrylonitrile (PAN) Price
The market displayed contrasting trends in North America. The quarter was marked by low domestic demand, which kept prices subdued. As the closing quarter approached, there was a noticeable uptick in demand. This shift coincided with a strategic move by suppliers who redirected available stocks to international markets, particularly Europe. This redirection led to a supply shortage in the domestic market, contributing to a rise in PAN prices. Consequently, North America's PAN market exhibited a mixed performance with a marked improvement as the year closed.
Specific polyacrylonitrile (PAN) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyacrylonitrile (PAN) Price
The report explores the polyacrylonitrile (PAN) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyacrylonitrile (PAN) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyacrylonitrile (PAN) Price
The prices in Asia Pacific began on a downward trend with India and China experiencing significant inventory buildup, compounded by weak demand that further pressured prices. This oversupply scenario led to a continuous decline in PAN prices throughout the quarter. As the year progressed, the situation worsened with a drop in international demand exacerbating the downward price movement. Additionally, reduced production prices, driven by falling acrylonitrile and feedstock ammonia prices, contributed to the lack of support for upstream costs. The overall performance of the market in Asia Pacific remained subdued during the closing year.
This polyacrylonitrile (PAN) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyacrylonitrile (PAN) Price
The analysis of polyacrylonitrile (PAN) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyacrylonitrile (PAN) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polyacrylonitrile (PAN) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyacrylonitrile (PAN) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyacrylonitrile (PAN) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyacrylonitrile (PAN) price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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