Dublin, May 16, 2024 (GLOBE NEWSWIRE) -- The "Global Activated Carbon Fiber Market Report by Raw Material, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global activated carbon fiber market has demonstrated strong growth, with the latest analysis revealing a significant surge in market size—from US$ 437.6 Million in 2023 to an anticipated US$ 746.9 Million by 2032. This notable growth trajectory, registering a CAGR of 6.12% over the forecast period of 2023-2032, is driven by progressive industrialization, heightened demand for water purification, and increased environmental consciousness.
Activated carbon fiber, with its vast array of applications, continues to gain traction across multiple sectors. It is highly sought after for its efficacy in water filters, air purification, and gaseous stream purification, thanks to its sizable surface area and enhanced absorption qualities. The market is further bolstered by regulatory frameworks advocating for sustainable practices, such as odor neutralization, dust particulate prevention, and the abatement of ozone pollution from cooling systems.
Moreover, the health sector's reliance on ACF for dialysis with chronic kidney disease patients has intensified the market expansion. Coupled with its roles in chemical separation, catalysis, and the development of supercapacitors and protective clothing, the application of activated carbon fiber spans a rich spectrum of industries, augmenting its global market presence.
Global Segmentation and Analytical Insights
The comprehensive report categorizes the global activated carbon fiber market based on raw material, encompassing both synthetic and natural sources, and details various applications from water treatment to automotive air purification. Not limited to these findings, the geographical analysis underscores the regional dynamics and growth nuances in North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Strategic Moves by Market Stalwarts Amplifying Market Projections
The competitive landscape showcases key enterprises that hold pivotal roles in the industry's progress. Through strategic collaborations and technological advancements, these firms remain at the forefront of the activated carbon fiber market, continually shaping its evolutionary path.
The definitive insights provided by this report equip stakeholders with the necessary understanding to navigate the market's intricacies and to strategize accordingly for future ventures.
Conclusion
As the global activated carbon fiber market forges ahead, it is propelled by the relentless march of industrialization, environmental regulatory frameworks, and technological innovations. This market evidences a growing cognizance of the crucial role of ACF in addressing contemporary challenges of purification and environmental sustainability.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 136 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $437.6 Million |
| Forecasted Market Value (USD) by 2032 | $746.9 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Companies Featured
- 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.
- Unitika Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/nsssoo
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