Activated Carbon Fiber market Revenue Report with Forecast to 2031

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 500.04 million by 2031, exhibiting a CAGR of 7.81% during the forecast period.

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Activated Carbon Fiber (ACF), upon manufacturing, exhibits low microporosity while offering a high specific surface area, enabling superior adsorption capabilities. It minimizes pressure drop, generates minimal carbon dust during operation, and demonstrates excellent mechanical properties, including high stiffness, tensile strength, compact packing ability, and significant volumetric capacity. These attributes make ACF highly suitable for applications such as water filtration, surface treatment, liquid purification, and the cleansing of contaminated gaseous emissions.

The market for ACF is experiencing growth, driven by rapid industrialization and an increasing demand for clean water across both residential and commercial sectors. ACF is widely utilized in the treatment and purification of water containing diverse contaminants in solid, liquid, semisolid, and gaseous forms. Moreover, heightened consumer awareness regarding the importance and advantages of wastewater treatment is further contributing to market expansion.

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

Market Dynamics:
Drivers-
Activated Carbon Fiber (ACF) is increasingly utilized in water treatment processes due to its superior ability to adsorb low molecular weight pollutants. Another notable advantage of ACF is its rapid regenerability, which enhances its applicability across various industrial sectors. The rising global demand for clean water, coupled with its limited availability, has accelerated the adoption of wastewater treatment practices. Rapid industrialization and urbanization, particularly in developing economies, have led to the discharge of untreated industrial and domestic wastewater into the environment.

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Challenges:
The high cost associated with gas-phase activated carbon, in comparison to its liquid-phase counterpart, limits its usage in gas-phase applications. Additionally, the production of activated carbon is facing raw material constraints, particularly the limited availability of coconut shell charcoal due to increased global demand. This scarcity has resulted in a rise in raw material costs, which, in turn, elevates the overall price of ACF and may dampen product demand. Despite its effectiveness as an adsorbent, the high cost of ACF presents a barrier to broader market expansion.

Regional Trends:
The Asia Pacific region is witnessing the fastest growth in the global activated carbon fiber market. This growth is driven by robust demand from key sectors such as chemical processing, air purification, and other industrial applications. Additionally, the increasing need for effective water treatment solutions is significantly contributing to the region's expanding market. The region's rapid industrial growth, along with governmental emphasis on environmental protection and clean water access, positions Asia Pacific as a key growth hub for ACF technologies.

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.

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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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This release was published on openPR.