Activated Carbon Fiber Market Growth Prospects and Outlook 2020-2025 | Anshan Sinocarb Carbon Fibers Co. Ltd, Hangzhou Nature Technology Co. Ltd, Awa Paper & Technological Company Inc

The market for activated carbon fiber is anticipated to register a CAGR of more than 3.30% during the forecast period, 2019-2024. Activated carbon fiber is commonly produced from carbon fiber by the pyrolysis of carbonaceous materials, like polyacrylonitrile (PAN), coal tar pitch and petrol pitch, rayon (majorly viscose), and biomass (primarily jute, coconut fiber, oil palm, and cellulose), among others.

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Anshan Sinocarb Carbon Fibers Co. Ltd, Hangzhou Nature Technology Co. Ltd, Awa Paper & Technological Company Inc., Evertech Envisafe Ecology Co. Ltd, HP Materials Solutions Inc., Jiangsu Tongkang Activated Carbon Fiber Co. Ltd, and Osaka Gas Chemicals Co. Ltd

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America) 
Middle East & Africa

Key Market Trends-

Increasing Demand from the Protective Clothing Industry

Various adsorbent materials are used in the production of chemical protective clothing, including activated carbon powder, sphere or fabric. It is also used in other industries, such as firefighting, mining, medical, construction, etc., as well as other manufacturing industries.

In the production of chemical protective suits, these adsorbent materials are bonded on base fabrics using a polymeric adhesive, followed by another layer of nonwoven fabrics, using adhesive or hot melt techniques. Furthermore, fabrication of chemical protective suits are carried out to produce a complete individual protective suit. However, powder-activated carbon or charcoal-based chemical protective suits are not compatible for laundry, due to which, a suit cannot be reused. The activated carbon spheres (ACS)-based chemical protective suits can be used, even after multiple laundries. However, it has certain limitations.

ACF-based chemical protective suits are comfortable, light in weight, and they sustain even after multiple laundries and address the limits of ACS-based suits. Owing to these factors, the demand for ACF has been increasing in the protective clothing industry. The healthcare industry has been witnessing a strong growth in the Asia-Pacific and Middle Eastern regions, with new investments coming in for the development of the industry. With this, the demand for protective clothing for medical application is expected to increase in the coming years.

With an increase in the number of soldiers every year and the need to provide protective suits for them, a further demand for protective clothing is witnessed by the market.

All the afore-mentioned factors are expected to drive the market during the forecast period.

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North America to Dominate the Market

The United States is the worlds largest economy in the world. GDP growth rate of the country is expected to slow down to 2.3% in year 2019 from 3% in 2018. According to CDC, almost 15% of the people in the country suffer with chronic kidney disease (CKD). The number of patients has been on rise since the past few years. This scenario, is turn, boosting the demand for activated carbon fiber in the dialysis applications. Furthermore, increasing developments in chemical industry in the country is, in turn, boosting the demand for activated carbon fiber. According to the EIA's annual refinery capacity report, the United States operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), in January 2018, registering a decrease of 0.1%, as compared to the beginning of 2017. Another major industry driving the demand for activated carbon fiber is the chemical industry. For instance, the United States is the worlds third-largest producer of polypropylene. Furthermore, rising investments in the chemical industry in the country is likely to further boost the demand for activated carbon fibers..

Major points covered in this research are:-
Activated Carbon Fiber Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers
Global Market Size (Value) of Activated Carbon Fiber (2019-2024)
Global Activated Carbon Fiber Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2019-2015)
Global Activated Carbon Fiber Production, Revenue (Value), Price Trend by Type
Global Activated Carbon Fiber Market Analysis by Application
Global Activated Carbon Fiber Manufacturers Profiles/Analysis
Activated Carbon Fiber Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Activated Carbon Fiber Market Forecast (2019-2024)
Competitive Landscape
Research Findings and Conclusion

Finally, this Activated Carbon Fiber report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Activated Carbon Fiber product development and gives an outline of the potential Global market.

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