Global Activated Carbon Fiber Market By Type (Pitch based activated carbon fiber, Polyacrylonitrile (PAN) based activated carbon fiber, and Viscose Staple based activated carbon fiber), By Application (Solvent recovery, Air purification, Water treatment, and Catalyst Carrier), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028

Market.us announces the publication of its most recently generated research report titled, “Activated Carbon Fiber Market by Type (Pitch based ACF, Polyacrylonitrile (PAN) based ACF, Viscose Staple based ACF and Other Material based ACF), by Application (Solvent recovery, Air purification, Water treatment, Catalyst Carrier and Other Applications), and by Region – Global Forecast to 2028.”, Which offers a holistic view of the Global Activated Carbon Fiber Market through systematic segmentation that covers every aspect of the target market.

The Global Activated Carbon Fiber Market was valued at US$ 367.1Mn in 2018 and is expected to reach US$ 583.5Mn by 2028 at a CAGR of 4.7%.

Activated carbon fibers are prepared from general-purpose carbon fibers by a heat treatment in order to achieve a high level of porosity. It is used in filters, face masks, and air purification. Activated carbon is derived from charcoal. It has the name because its surface area is very large as compared to its size. A chemical reaction takes place very easily as the surface area is huge. It is of porous nature and has a high adsorption capacity. Activated carbon fiber also referred to as ACF, is a hybrid of activated carbon and carbon fiber. Raw materials for activated carbon fiber are cellulose, polyacrylonitrile, phenolic resin, pitch fibers, and others. Activated carbon fiber has speedy adsorption or desorption, good volumetric capacity, and high packing density. It is considered a great absorbent as well due to the absence of macropores and very few mesopores. The activation process increases existing pores and creates new ones as well. Its cost is somewhat high but so are its applications. It is used in electrochemical applications, medical applications, heavy metal removal, catalysis, etc.

Due to increasing cognizance amongst the general population regarding pollution and its ill effects, people are relying on air purification, treatment of wastewater, etc. for which activated carbon fibers are used. This is supposed to increase the demand for activated carbon fiber. In addition to this Industrial applications of activated carbon fiber are on the rise which is expected to boost the demand for the Activated Carbon Fiber market.

Global Activated Carbon Fiber Market Revenue (US$ Mn), 2018–2028

Furthermore, taking into account its advantages, such as high adsorption capacity, good packing density, ease of handling, etc. it is mainly used in the purification or recovery of chemicals. This is expected to fuel the market growth as the scope of these industries is very large.

However, fluctuation in the availability of raw materials required for manufacturing activated carbon fiber could hinder the market growth. The cost of processing activated carbon fiber is an important aspect as each material has different properties. Nonetheless, the vast scope for advancement in applications of activated carbon fiber is expected to drive growth during the forecasted period.

Global Activated Carbon Fiber Market is segmented based on type, end-user, and region. Based on type Pitch based ACF, Polyacrylonitrile (PAN) based ACF, Viscose Staple based ACF, and Other Material based ACF. The PAN segment accounts for the majority share in the global Activated Carbon Fiber market, and also it is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented into, Solvent recovery, Air purification, Water treatment, Catalyst Carrier, and Other Applications and the water treatment segment account for a majority share in the global activated carbon fiber market.

Global Activated Carbon Fiber Market Attractiveness Analysis by Type, 2012–2018

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and MEA. APAC accounts for the majority share in the Global Activated Carbon Fiber Market followed by North America owing to increasing cognizance amongst the general population regarding pollution and its ill effects in the region, with APAC registering the highest growth rate. South America and MEA are expected to register stable growth over the forecast period.

The research report on the Global Activated Carbon Fiber Market includes profiles of some of the major companies such as Toyobo Co., Ltd., Kuraray Co., Ltd., Unitika Ltd., Gun Ei Chemical Industry Co., Ltd., Taiwan Carbon Technology Co., Ltd., and others.

Key Market Segments:

Type

• Pitch based activated carbon fiber
• Polyacrylonitrile (PAN) based activated carbon fiber
• Viscose Staple based activated carbon fiber

Application

• Solvent recovery
• Air purification
• Water treatment
• Catalyst Carrier

Key Market Players included in the report:

• Toyobo Co.Ltd.
• Kuraray Co.Ltd.
• Unitika Ltd.
• Gun Ei Chemical Industry Co.Ltd.
• Taiwan Carbon Technology Co.Ltd

For the Activated Carbon Fiber Market research study, the following years have been considered to estimate the market size: