Jersey City, NJ, March 23, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Activated Carbon Fiber Market Size, Share & Trends Analysis Report By Type (PAN-based, Pitch-based, Cellulosic Fiber, Phenolic Resin), Application (Solvent Recovery, Air Purification, Water Treatment, Catalyst Carrier)- Market Outlook And Industry Analysis 2031"
The global activated carbon fiber market is estimated to reach over USD 499.58 million by 2031, exhibiting a CAGR of 7.7% during the forecast period.
When manufactured, ACF has low microporosity, provides a sizable specific surface area, permits excessive absorption, lowers pressure loss, and produces minimal carbon dust to purge noxious water. It also offers high stiffness, tensile strength, dense packaging, and great volumetric capacity; as a result, it has many uses in water filters, surface treatment, liquid cleaning, and the purification of polluted gaseous streams.
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The industry is expanding due to rapid industrialization and the rising demand for purified water in various residential and commercial complexes. Water containing various solid, semisolid, liquid, and gaseous contaminants is treated and purified using ACF. The growing consumer awareness of the availability and benefits of wastewater treatment has an additional impact on this.
Additionally, the use of ACF to neutralize odor, stop dust particles, and deal with ozone pollution generated by cooling systems has been supported by the introduction of many sustainable practices by regulatory agencies, assisting market growth.
Recent Developments:
- In June 2020, Kuraray Co., Ltd. announced that its American subsidiary, Calgon Carbon Corporation (from now on, "Calgon Carbon"), had decided to increase production capacity at its Pearl River Plant in Mississippi, USA. This decision was made in response to the rising demand for activated carbon on a global scale.
List of Prominent Players in the Activated carbon fiber market:
- Toyobo Co., Ltd. (Japan)
- Kuraray Co., Ltd. (Japan)
- Unitika Ltd. (Japan)
- Gun Ei Chemical Industry Co., Ltd. (Japan)
- Evertech Envisafe Ecology Co., Ltd. (Taiwan)
- AWA Paper & Technology Company, Inc (Japan)
- Taiwan Carbon Technology Co., Ltd (Taiwan)
- Daigas Group (Japan)
- Auro Carbon & Chemicals (India)
- Hangzhou Nature Technology Co.Ltd. (China)
- Eurocarb Products Technology Co., Ltd (Taiwan)
- Ceram=Materials (US)
- HPMS Graphite (US
- Balfour Beatty PLC
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Activated Carbon Fiber Market Report Scope:
| Report Attribute | Specifications |
| Market size value in 2022 | USD 257.58 Mn |
| Revenue forecast in 2031 | USD 499.58 Mn |
| Growth rate CAGR | CAGR of 7.7% from 2023 to 2031 |
| Quantitative units | Representation of revenue in US$ Million, Volume (KT), and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Type And Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
Market Dynamics:
Drivers-
As activated carbon fiber may better absorb low molecular weight pollutants, it is employed more frequently in water treatment processes. Another benefit consistent with its employment in numerous applications is the substance's ability to regenerate fast.
The global adoption of wastewater disposal practices has been motivated by the steadily increasing demand for fresh water and its constrained supply. Wastewater from industries and homes has been released into the atmosphere due to rapid industrialization and urbanization trends in developing economies. These wastewater releases have a terrible influence on the climate because they include harmful chemicals that harm the atmosphere. As a result, this tendency will aid in providing profitable prospects for expanding the industry throughout the anticipated period.
Challenges:
As gas-phase activated carbons are more expensive than their liquid-phase counterparts, they are employed less frequently in gas-phase applications than in liquid-phase applications. Coconut shell charcoal, a raw material used in producing activated carbon, is in short supply due to the strong demand for this product. As a result, the cost of raw materials has gone up. Due to fluctuating raw material prices, the high price of activated carbon fiber may reduce total product demand. As a result, even though activated carbon fiber is a great adsorbent, its high cost of adsorption limits the market's expansion.
However, research is being done to create carbon by using phosphoric acid and potassium hydroxide, which substantially impacts the price of carbon and, thus, the price of activated carbon fiber. In the anticipated period, these advancements will generate enough opportunities for the market for activated carbon fiber to stabilize overall.
Regional Trends:
The market for activated carbon fiber in Asia Pacific is internationally expanding at the quickest rate. Due to significant demand from the chemical, air purification, and other end-user sectors, Asia Pacific is also home to the activated carbon fiber market with the quickest rate of growth. Water treatment applications are also driving the area's market for activated carbon fiber.
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Segmentation of Activated carbon fiber market-
By Type-
- PAN-based
- Pitch-based
- Cellulosic Fiber
- Phenolic Resin
- Others
By Application-
- Solvent Recovery
- Air Purification
- Water Treatment
- Catalyst Carrier
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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