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Activated Carbon Fiber (ACF) Market Analysis

  • Report ID: GMI4360
  • Published Date: Apr 2023
  • Report Format: PDF

Activated Carbon Fiber (ACF) Market Analysis

Polyacrylonitrile (PAN) based ACF will showcase significant growth owing to good tensile strength of the material. PAN is a synthetic thermoplastic semi-crystalline polymer. The production of PAN-based ACF comprises three steps, thermo-oxidative stabilization, carbonization, and controlled activation process. The material is largely used in applications including capacitor, catalyst, refiguration, and other applications. The rising demand for catalyst carriers coupled with ongoing developments in super capacitors will further impact the material demand.
 

Global Activated Carbon Fiber Market, From Catalyst Carrier

The activated carbon fiber market from the air purification application segment generated more than USD 285 million in 2022. Air purification is showcasing considerable growth in the ACF market owing to stringent air pollution regulations adopted by several economies across the globe. The usage of ACF filters in passenger cars, roadside units, and other devices has resulted into excellent NOx and other pollutant adsorption. The usage of TOYOBO K Filter as air purifying filters in passenger cars and launch of pilot air filtration projects in emerging economies, such as Indonesia, among others, are driving the segment growth.
 

North America Activated Carbon Fiber Market

North America activated carbon fiber market is poised to register nearly 7.5% gains from 2023 to 2032. A positive outlook of the chemical sector across the region will accelerate the ACF demand. Rising demand for chemical and solvent recovery equipment in the region coupled with the growing petroleum sector will further boost the market growth. The U.S. is one of the major consumers of ACF products across the globe. ACF products are mainly used for air purification and water treatment applications in the region. Additionally, the presence of several industry participants and the wide distribution network of several ACF manufacturers across the region are supporting the industry growth.
 

Activated Carbon Fiber Market Share

MC Evolve Technologies Corporation, Kuraray Co., Ltd., Toyobo Co., Ltd , Hangzhou Nature Technology Co., Ltd., Awa Paper & Technological Company, Inc., HP Materials Solutions, Inc., Jiangsu Tongkang Activated Carbon Fiber Ltd., Osaka Gas Chemical Co., Ltd, OJSC – Open Joint Stock Company, Unitika Ltd., Anshan Sinocarb Carbon Fibers Co., Ltd. , Evertech Envisafe Ecology Co., Ltd, Gun Ei Chemical Industry Co., Ltd., Jiangsu Kejing Carbon Fiber Co., Ltd,, Jiangsu Sutong Carbon Fiber Co., Ltd.  and others are some key enterprises operating in the activated carbon fiber market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The activated carbon fiber (ACF) market was valued at over USD 1 billion in 2022 and is estimated to record significant growth at a 6.5% CAGR through the forecast period supported by the growing environmental consciousness.

The pitch-based material segment was valued at over USD 275 million in 2022 and is estimated to continue to hold a sizable share in the ACF market over 2023-2032 due to its increasing application in chemical and water purification processes.

The catalyst carrier application segment generated more than USD 115 million in revenue in 2022 and is set to grow significantly through 2032 owing to the expanding North America and Asia Pacific chemical industries.

The North America ACF market is projected to grow at over 7.5% CAGR between 2023 and 2032 driven by the booming chemical and petroleum industries in the region.

Activated Carbon Fiber Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 20
  • Pages: 190
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