Home > Polymers & Advanced Materials > Activated Carbon Fiber (ACF) Market
Industry Overview
Activated Carbon Fiber Market size was valued at more than USD 1 billion in 2022. Driven by growing environmental consciousness, the industry is expected to grow significantly at a 6.5% CAGR through the forecast period from 2023 to 2032.
Get more details on this report - Request Free Sample PDF
The burgeoning need for wastewater treatment is set to drive product demand. The earth's declining water level, coupled with global industrialization, is escalating the need for water purification. Businesses and households that emit large amounts of polluted water containing dangerous solid, semisolid, liquid, or gaseous contaminants may have an adverse effect on the ecosystem, which is speculated to foster market expansion. For instance, the North American market for water and wastewater treatment was estimated to be worth over USD 105 billion in 2021.
High production costs may prevent product adoption
The production of activated carbon fiber is substantially more expensive than other microporous materials, which is restricting the use of activated carbon fibers. However, the surging focus on the fabrication of economical carbon fiber from low-cost precursor elements is foreseen to support the market in overcoming this restraint in the forthcoming years. For instance, polyethylene is emerging as a potential precursor material for ACF production since it is inexpensive and easier to produce.
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | USD 1,055 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.5% |
2032 Value Projection: | USD 2,000 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 200 |
Segments covered: | Material, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
Extensive usage in purification processes to boost demand for pitch based ACFs
Get more details on this report - Request Free Sample PDF
Activated carbon fiber market is segmented based on material into phenolic resin based, pitch based, cellulose based, polyacrylonitrile (PAN) based, and others. As per the report, the pitch-based material segment was worth over USD 275 million in 2022. Pitch-based ACFs are poised to attain a significant share of the ACF market due to their use in chemical and water purification processes. Additionally, coal tar pitch precursors are used broadly in the production of ACF, which is likely to contribute to segment development.
Surging usage in chemical industries to increase catalyst carrier segment revenues
Get more details on this report - Request Free Sample PDF
In terms of application, activated carbon fiber (ACF) market is bifurcated into catalyst carrier, chemical recovery, air purification, water treatment, and others. The catalyst carrier application segment generated more than USD 115 million in revenue in 2022, the report states. ACFs are employed as catalytic carriers for deodorant and freshness-preserving substances. The development of capacitors and the use of ACFs in catalytic substrates, coupled with the expansion of the chemical sector in North America and Asia Pacific, is foreseen to drive product adoption in catalyst carrier applications over the study period.
Rising demand for chemicals and solvent recovery equipment to augment North America market statistics
Get more details on this report - Request Free Sample PDF
North America activated carbon fiber market is expected to register more than 7.5% gains from 2023 to 2032. The uptake of ACF is foreseen to be driven by the growth of the chemical industry in the region throughout the analysis timeline. The expanding domestic petroleum industry, along with the rising demand for chemical and solvent recovery equipment, is projected further propel regional market statistics.
Strategic partnerships to define the competitive landscape of the industry
Lesaffre Group, Angel Yeast, Trouw Nutrition, HP Materials Solutions, Inc., Awa Paper & Technological Company, Inc., Alltech Inc, Biorigin, Toyobo Co., Ltd., Osaka Gas Co., Ltd., Anshan Sinocarb Carbon Fibers Co., Ltd., Jiangsu Branch net Carbon Fiber Co., Ltd., and others are some key enterprises operating in the activated carbon fiber (ACF) industry.
Impact of COVID-19 on activated carbon fiber industry market trends
The COVID-19 outbreak negatively impacted the global economy, mainly in regions with a high percentage of SMEs, as well as the production sector and the manufacturing supply chain. The disruption in production processes hampered the revenue growth of the activated carbon fiber (ACF) market. However, the need for activated carbon fiber saw a surge on account of its extensive usage in various products, particularly for disinfection during the COVID-19 pandemic, which has been lucrative for business expansion.
The activated carbon fiber market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2018 to 2032 for the following segments:
By Material
- Cellulose based
- Polyacrylonitrile (PAN) based
- Phenolic resin based
- Pitch based
- Others
By Application
- Air purification
- Water treatment
- Chemical recovery
- Catalyst carrier
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Frequently Asked Questions (FAQ) :