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Global Activated Carbon Fiber Market 2021: By Type (Pitch-based ACF, Polyacrylonitrile (PAN) based ACF, Viscose Staple based ACF, Other Material based ACF), By Application (Solvent recovery, Air purification, Water treatment, Catalyst Carrier, Other Applications)Global Activated Carbon Fiber Market is an upcoming report by Trusted Business Insights. The activated carbon fiber market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Apart from revenues for global, regional, and country-wise segments, market revenue segmentation will be presented in a scrupulous manner for clear understanding and flow. The analysis will be conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to establish aspects of the activated carbon fiber market. The global activated carbon filter market report will be segmented on the basis of product type, end-use as well as region and countries.Request Covid - 19 Impact The Global Activated Carbon Fiber market size was valued at USD $1.57 Billion in 2020, USD $1.71 Billion in 2021, forecasted to reach USD $1.85 Billion in 2022, and is projected to reach USD $3.71 Billion by 2030, and is anticipated to expand at a CAGR of 8.3% over the forecast period from 2020 to 2030.
Overview:Acitvated Carbon Fiber (ACF) is believed to be one of the best absorbents in absorption applications due to its considerable advantages over other storage materials. It is an excellent microporous material with low mesoporosity, and when well produced, the most with the absence of macroporosity. ACF is commonly produced from Carbon Fiber (CF) which isnt very different from the methods employed to manufacture activated carbon. ACF is commercially produced by the pyrolysis of carbonaceous materials of synthetic polymers followed by an additional activation process. The activation process increasing existing pores and creates new ones as well.
Dynamics:On account of the rising cognizance of individuals with respect to the ill effects of pollution, people are now steadily focusing on processes for the treatment of wastewater, air pollution, etc. These applications, as well as other industrial applications, require the implementation of activated carbon fibers, which in turn, is projected to boost revenue growth of the global activated carbon fiber market. Other factors that are contributing to the increase in the industrial usage of and subsequent revenue growth of the global ACF market are this materials good packaging density, high absorption capacity, ease of handling, etc. The inconsistent availability of raw materials required to produce ACF and the processing costs associated with the manufacture of activated cabon fiber are expected to restrain market growth in the foreseeable future. However, the wide scope for advancements in applications is projected to grow exponentially over the coming years, and this is also expected to fuel revenue growth of the global ACF market. In terms of type, the market is segmented into polyacrylonitrile (PAN), pitch-based ACF, viscose staple-based ACF and other material-based ACF. The PAN segment accounted for the majority revenue share and is projected to register the highest rate of growth over the next 10 years. With respect to application, the market is segmented into air purification, solvent recovery, water treatment, catalyst carrier as well as other applications. The water treatment segment accounted for the majority revenue share when compared to other segments.
Regional Analysis:Regarding region, the APAC market accounted for the majority revenue share of the global activated carbon fiber market followed by North America. This can be accredited to the rising awareness of individuals regarding the ill effects of pollution. The Asia Pacific region is also projected to register the highest rate of growth over the foreseeable future. Latin America and the Middle East & Africa regions are expected to register stable levels of growth during the same period.
Below are the leading companies profiled in this Activated Carbon Fiber Market Report:
Chapter 1 Methodology and Scope