Home Press Releases Weaving Success: Activated Carbon Fiber Market Size Unveiled

Weaving Success: Activated Carbon Fiber Market Size Unveiled

by Press Room

(EMAILWIRE.COM, December 06, 2023 ) The report “Activated Carbon Fiber Market by Type (PAN-based, Pitch-based, Cellulosic Fiber, Phenolic Resin), Application (Solvent Recovery, Air Purification, Water Treatment, Catalyst Carrier), & Region (North America, Europe, APAC, RoW) – Global Forecast to 2027″, is estimated to be USD 232 million in 2022 and is projected to reach USD 350 million by 2027, at a CAGR of 8.5% between 2022 and 2027. Factors such as high demand for extended performance and reduced maintenance, growing demand from pollution control and water treatment applications, and increasing need for efficient processes are expected to drive the markets growth during the forecast period.

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Browse in-depth TOC on “Activated Carbon Fiber Market”

128 – Market Data Tables

47 – Figures

189 – Pages

Cellulosic fiber is the fastest-growing segment in activated carbon fiber market, in terms of value and volume

PAN, also known as polyacrylonitrile, is a synthetic thermoplastic polymer is expected to be the fastest-growing segment in the cosmetic preservatives market during the forecast period. This growth can be attributed to various factors such as environment friendly nature of cellulosic fiber, easily accessibility to raw material, high strength and superior characteristics.

Air purification segment is expected to grow with the second highest CAGR, both in terms of value and volume during the forecast period

Air purification segment is expected to be the second fastest-growing application of the activated carbon fiber market. There is an increased demand for air purifiers and pollutant removers due to increasing pollution levels worldwide. Therefore, strict government regulations and increased pollution will increase the demand for air purification application of activated carbon fiber market.

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North America is the second-largest region in terms of value in the activated carbon fiber market during the forecast period

North America is the second largest market for activated carbon fiber, in terms of value and volume. The growth of the activated carbon fiber market in North America can be attributed to the presence of leading activated carbon fiber manufacturers, such as CeraMaterials, and HPMS Graphite. North America has undertaken substantial research with regard to manufacturing to understand the revolutionary potential of activated carbon fibers. This, in turn, boosts the demand for activated carbon fiber in the region.

Activated Carbon Fiber Market Key Players

The major Players in cosmetic preservatives Market includes 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 Ltd. (UK), China Beihai Fiberglass Co., Ltd. (China), Bio-Medical Carbon Technology Co., Ltd. (Taiwan), CeraMaterials (US), and HPMS Graphite (US).

Toyobo Co., Ltd. is one of the major key players in the activated carbon fiber market. The company primarily designs, manufactures, and distributes air filter products using activated carbon fiber. The company operates through five business segments: Films and Functional Polymers, Mobility, Lifestyle and Environment, Life Science, Real Estate and Other Business. Activated carbon fiber-equipped filters offered by the company are used in a wide range of applications, such as air purification, dust removal, indoor air decontamination, and deodorization. The company has a wide presence in Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The company provides activated carbon fiber-based products from the Films and Functional Polymers segment.

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Kuraray Co., Ltd. Is one of the largest manufacturers of functional resins, chemical products, and activated carbon and high-performance membranes and systems. Kuraray started producing activated carbon fibers in 1980. The company has a presence across Asia Pacific, North America, and Europe owing to which it has become one of the major global suppliers of activated carbon fibers. The company operates primarily through two business segments: Vinyl Acetate, Isoprene, Functional Materials, Fibers and textiles, and Other Business. Under the Fibers and Textiles segment, the company provides activated carbon fiber products. It serves automotive, defense & security, medical, food & agriculture, energy, chemical, electronics, and semiconductor markets.

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