Overview of the Market
The market size for oxidized PAN fibers was estimated at USD 5,105.15 million in 2024, up from USD 4,977.72 million in 2023. The market for oxidized PAN fibers is expected to reach USD 6,395.71 million by 2032, with a compound annual growth rate (CAGR) of 2.86% from 2024 to 2032. The benefits that oxidized pan fibers provide are extremely important for defense and aerospace applications. Oxidized pan fiber composites, especially materials based on oxidized PAN fiber, are increasingly being used in aircraft construction because of the industry’s emphasis on fuel efficiency and lightweighting. These fibers’ excellent strength-to-weight ratio enables us to create robust yet lightweight parts, which enhances payload capacity and fuel efficiency. Oxidized pan fiber composites have also been used in crucial applications because of the aerospace and defense industries’ emphasis on performance and safety. Oxidized PAN fibers’ remarkable strength and stiffness improve structural integrity and make them perfect for use in aviation parts that need to be strong and long-lasting. Furthermore, the necessity for innovation and technological developments in the aerospace and defense sectors is what drives the demand for advanced materials. Utilizing the special qualities that oxidized PAN fibers provide, new and enhanced aerospace and defense technologies can be created. Therefore, prospects for the use of these fibers in diverse aerospace applications are created by the industry’s focus on lightweighting, safety, performance, and technological improvements.

Oxidized PAN fiber not only reduces weight but also provides outstanding high-performance qualities that are greatly desired in the automotive sector. This fiber is ideal for a variety of applications due to its exceptional flame resistance, high tensile strength, and good thermal stability. It can be utilized to produce interior parts like carpets, headliners, and seat covers, which will increase passenger safety and fire protection. Additionally, oxidized PAN fiber’s high strength and impact resistance qualities guarantee longevity and crashworthiness when used in the production of external components like body panels and underbody shields.

Segmentation of the Market

  • Energy storage systems’ main component, battery packs, produce a lot of heat during cycles of charging and discharging.
  • The global market for oxidized pan fiber is divided into three segments based on type: LOI 45%-50%, LOI 51%-55%, and LOI 56%-60%.
  • The global market for oxidized pan fiber is divided into several segments based on its intended use, including composites, carbon fiber, gaskets and seals, and brakes.
  • The global market for oxidized pan fiber is divided into several segments based on the end-use industry, including textile, automotive and transportation, aerospace and defense, and energy storage.


Key Players
Among the leading companies in the market are Shanghai Shenghe Textile Technology Co., Ltd., Procotex, Shanghai Tanchain New Material Technology Co., Ltd., Shenzhen Xiangu High-Tech. Co., Ltd., Engineered Fiber Solutions GmbH, SGL Carbon, TEIJIN LIMITED, YF International, and TORAY INDUSTRIES, INC.