The latest research study “Activated Carbon Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global activated carbon fiber market reached US$ 381.85 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 603.26 Million by 2027, exhibiting a growth rate (CAGR) of 7.60% during 2022-2027.
Activated carbon fiber (ACF) represents a modified form of fibrous microporous absorbent substance that is produced by stabilizing, carbonizing, pre-treating, and activating precursor structures. Some standard raw materials utilized during the procedure include polyacrylonitrile, phenolic resin, petroleum-based pitch fibers, cellulose, and synthetic polymers. ACF offers a large-specific surface area, allows an excessive amount of absorption, has low microporosity during production, reduces pressure loss, and generates little carbon dust to clear toxic water. In addition, it provides tensile strength, density packaging, high stiffness, and excellent volumetric capacity. As a result, ACF finds widespread applications in surface treatment liquid cleaning, water filters, and purification of polluted gaseous streams.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Activated Carbon Fiber Market Trends and Drivers:
The rising industrialization activities and the escalating need for purified water in various residential and commercial complexes are among the primary factors driving the activated carbon fiber market. Besides this, the elevating product requirement for treating and purifying polluted water containing several solid, semisolid, liquid, and gaseous contaminants and the rising consumer awareness toward the advantages of wastewater treatment are further augmenting the market growth. Moreover, ACF possesses excellent nitrogen oxide removal capacity, enabling the product to inherently oxidize (NOx) to convert nitrate ions, which is also catalyzing the global market. Apart from this, the growing popularity of this substance to neutralize odor, prevent dust particles, and deal with ozone pollution caused by cooling systems is acting as another significant growth-inducing factor. Additionally, the increasing product demand for patient dialysis with end-stage renal illness, owing to the high prevalence of chronic kidney diseases, is also stimulating the market growth. Furthermore, the inflating usage of this substance in chemical separation, catalysis, supercapacitors, and protective clothing and the strategic collaborations among the leading players are expected to bolster the activated carbon fiber market in the coming years.
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Activated Carbon Fiber Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anshan Sinocarb Carbon Fibers Co. Ltd., Awa Paper & Technological Co. Inc., Evertech Envisafe Ecology Co. Ltd., Hangzhou Nature Technology Co. Ltd., HPMS Graphite Solutions, Jiangsu Tongkang Activated Carbon Fiber Co. Ltd., Kuraray Co. Ltd., Nantong Yongtong Environmental Technology Co. Ltd., Osaka Gas Chemicals Co. Ltd. (Osaka Gas Co. Ltd.), Toyobo Co. Ltd. and Unitika Ltd.
The report has segmented the market on the basis of raw material and application.
Breakup by Raw Material:
- Synthetic
- Pitch-Based
- PAN-Based
- Phenolic-Based
- Viscose-Based
- Others
- Natural
Breakup by Application:
- Water Treatment
- Food and Beverage Processing
- Pharmaceutical and Medical
- Automotive
- Air Purification
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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