How will the global activated carbon fiber (ACF) market fare through 2027?

The global activated carbon fiber (ACF) market is set to depict lucrative growth over the coming years owing to rapidly surging industrialization and a rising need for wastewater treatment. Numerous industry players have also started entering into collaborations and partnership agreements for the enhancement of their product portfolio, fostering the business scenario.

For instance, in January 2017, Mitsubishi Rayon Co. Ltd., announced the acquisition of an Evanston-based carbon fiber plant from the SGL Group. The move was intended at the expansion of the company’s North American business in that material. Such developments are poised to consolidate the outlook for activated carbon fiber filters, driving revenue expansion over the estimated period.

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On this note, latest market research by Global Market Insights, Inc. claims that the activated carbon fiber (ACF) market share is estimated to exceed $1.4 billion by 2027.

How will the activated carbon fiber (ACF) market expand across Europe?

The Europe activated carbon fiber (ACF) industry value will grow at a substantial CAGR of nearly 6.2% through the analysis timeline. This growth is attributed to the presence of numerous car manufacturing facilities as well as strict regulations on air and chemical pollution in the region.
Furthermore, soaring demand for water treatment equipment and increasing health issues are expected to bolster the demand for activated water filters over the anticipated period.

What drivers will augment the growth of the phenolic resin based ACF segment in the activated carbon fiber (ACF) market?

The phenolic resin based ACF segment is likely to account for a revenue share of more than $280 million by 2027. These materials have higher thermal stability, good thermal insulation, and corrosion resistance in comparison to pitch as well as other precursor products.

Phenolic resins are extensively utilized on account of several advantages comprising low toxicity, lower costs, ease of processing, and easy availability.

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How would strict government regulations shape the activated carbon fiber (ACF) market outlook through 2027?

Strict government regulations associated with vehicle emissions at the global level and the development of activated carbon fiber filters is expected to propel the adoption of activated carbon filters in air purification applications. The automotive industry is going through a tremendous business expansion phase in emerging economies.
Growing spending capacity and the establishment of new passenger car production facilities in the APAC are estimated to escalate the demand for passenger car air purifying filters.

Why will the chemical recovery application add a considerable share to the overall activated carbon fiber (ACF) industry revenue?

The chemical recovery application is slated to record a remarkable CAGR of 6.8% through the projected period. Solvent and chemical recovery are a few prominent concerns in the chemical industry.
The development of numerous solvent recovery equipment over the recent years has created the demand for activated carbon fiber cloth and other ACF products. These equipment help in the absorption and recycling of various organic solvents, comprising alcohol, lipid, benzene, ketone, and others.

In a nutshell, the increasing demand for investments in R&D as well as wastewater treatment projects will boost activated carbon fiber (ACF) market size through the assessment span.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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