According to the TechSci Research report, “Activated Carbon Fiber Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global Activated Carbon Fiber market is anticipated to grow at an impressive rate during the forecast period 2024-2028.
A significant factor driving the growth of the Activated Carbon Fiber market is the increase in demand from the air and water purification sector.
The use of activated carbon fiber is expected to expand during the forecast period owing to increasing demand for fresh water and its constrained supply as well as removal of impurities such as SOx, and NOx from air and increased requirement for mercury control technology for industrial air purification applications results in the growth of global Activated Carbon Fiber market.
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For instance, according to BNamericas, in 2021 Mexico started 30 wastewater treatment facilities as a result of many federal initiatives aimed at enhancing water infrastructure and increasing clean water distribution.
The increasing demand for purification activities for different domains is expected to drive the growth of the Activated Carbon Fiber market during the forecast period.
Furthermore, the market is being further stimulated by the extensive use of activated carbon fiber in healthcare, chemical separation, and catalyst carrier sector.
However, fluctuations in raw material costs can slow down market growth. Moreover, high production costs can further slow down market growth.
Global Activated Carbon Fiber Market is segmented based on type, application, and region.
Based on type, the market is further bifurcated into natural and synthetic. The synthetic segment is expected to hold the largest market share during the forecast period, 2024-2028. This is due to its good tensile strength, heat and flame resistance, durability, strength, and stiffness properties.
Based on application, the market is further segmented into air purification, water treatment, catalyst carrier, and others. The water treatment segment is expected to experience the highest market share during the forecast period, 2024-2028. This can be attributed to the better absorption capacities for toxins of low molecular weight, as well as regeneration ability.
Major companies operating in the Global Activated Carbon Fiber Market are:
- Anshan Sinocarb Carbon Fibers Co., Ltd.
- Kuraray Co., Ltd.
- Awa Paper & Technological Company, Inc.
- Toyobo Co. Ltd.
- Hangzhou Nature Technology Co., Ltd.
- Evertech Envisafe Ecology Co., Ltd.
- HPMS Graphite
- Osaka Gas Chemicals Co., Ltd.
- Auro Carbon & Chemicals
- Unitika Ltd.
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“North America region is expected to grow at the highest rate during the forecast period. This is due to increasing demand from the chemical, healthcare, and purification sectors. Along with this large number of heavy-scale, medium-scale, and small-scale industries are present in this region due to which the demand of activated carbon fiber increases, which result in market growth. Moreover, Asia Pacific is observing severe air pollution, which is negatively impacting human health with diseases such as bronchitis and asthma resulting in raising the activated carbon fiber market in this region,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Activated Carbon Fiber Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural, Synthetic), By Application (Air Purification, Water Treatment, Catalyst Carrier, Others), By Region and Competition, has evaluated the future growth potential of global Activated Carbon Fiber market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Activated Carbon Fiber Market.”
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Table of Content-Activated Carbon Fiber Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- Global Activated Carbon Fiber Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Natural, Synthetic)
5.2.1.1. Natural Type (Cotton, Bamboo, Others)
5.2.1.2. Synthetic Type (Cellulose Based, Polyacrylonitrile (PAN) Based, Others)
5.2.2. By Application (Air Purification, Water Treatment, Catalyst Carrier, Others)
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4. By Company (2022)
5.3. Market Map
5.3.1. By Type
5.3.2. By Application
5.3.3. By Region