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Activated Carbon Fiber Market Size (2024 - 2029)

The Activated Carbon Fiber Market is anticipated to experience growth driven by increasing environmental concerns and the material's superior properties compared to traditional activated carbons. Despite challenges posed by non-degradable raw materials, the market is set to expand, with opportunities arising from the protective clothing industry. The North American region is expected to lead in market dominance and growth rate during the forecast period.

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Market Size of Activated Carbon Fiber Industry

Activated Carbon Fiber Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 414.13 Million
Market Size (2029) USD 496.87 Million
CAGR (2024 - 2029) 3.71 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Activated Carbon Fiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

Activated Carbon Fiber (ACF) Market Analysis

The Activated Carbon Fiber Market size is estimated at USD 414.13 million in 2024, and is expected to reach USD 496.87 million by 2029, growing at a CAGR of 3.71% during the forecast period (2024-2029).

During the COVID-19 pandemic in 2020, the market experienced a sharp decline in growth in output, sales, marketing, and distribution. The global shutdown has resulted in a series of market closures that have resulted in significant losses to many key industries. However, the market has recovered in the two years to post strong growth.

  • Increasing environmental concerns related to air and water pollution, coupled with activated carbon fiber's superior properties in comparison to that of powdered activated carbons (PAC) and granular activated carbons (GAC), are expected to drive the demand for the market during the forecast period.
  • Concerns related to its raw materials, such as that synthetic fiber, which is non-degradable and tends to bind with molecules of harmful chemical pollutants in wastewater, such as flame retardants and pesticides, are likely to hinder the market's growth.
  • Rising demand from the protective clothing industry is projected to act as an opportunity for the market in the future.
  • The North American region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Activated Carbon Fiber (ACF) Industry Segmentation

Activated carbon fiber is commonly produced from carbon fiber by the pyrolysis of carbonaceous materials, such as polyacrylonitrile (PAN), coal tar pitch and petrol pitch, rayon, and biomass, among others. It has applications in purification, chemical separation, catalysis, protective clothing, medical, and supercapacitors, among others. The Activated Carbon Fiber Market is segmented by Raw Material (Natural and Synthetic), Application (Purification, Chemical Separation and Catalysis, Protective Clothing, Medical, Super Capacitors, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report also covers the market size and forecasts for the activated carbon fiber market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Raw Material
Natural
Synthetic
Pitch-based
Pan-based
Phenolic-based
Viscose-based
Other Materials
Application
Purification
Chemical Separation and Catalysis
Protective Clothing
Medical
Super Capacitors
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Activated Carbon Fiber Market Size Summary

The activated carbon fiber market is poised for steady growth over the forecast period, driven by increasing environmental concerns and the superior properties of activated carbon fibers compared to traditional powdered and granular forms. The market, which experienced a downturn during the COVID-19 pandemic, has shown resilience and is expected to expand as demand rises from various sectors, including purification, chemicals, and medical industries. The North American region is anticipated to lead the market, supported by significant investments in water treatment infrastructure and a robust chemical industry. The growing need for gas and water purification, particularly in automotive emission control and indoor air quality maintenance, further bolsters the market's prospects.

Despite challenges related to the non-degradable nature of synthetic fibers used in activated carbon production, opportunities abound in the protective clothing industry. The market's fragmented nature sees key players like Osaka Gas Chemicals Co. Ltd, Kuraray Co. Ltd, and Toyobo Co. Ltd actively participating in strategic partnerships and joint ventures to enhance their product offerings. These developments, along with rising demand from sectors such as healthcare and automotive, are expected to drive the market forward, with North America maintaining its dominance due to its diverse industrial base and ongoing investments in environmental solutions.

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Activated Carbon Fiber Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Environmental Concerns Related to Air and Water Pollution

      2. 1.1.2 Superior Properties of Activated Carbon Fiber

    2. 1.2 Restraints

      1. 1.2.1 Concerns Related to Raw Materials

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Raw Material

      1. 2.1.1 Natural

      2. 2.1.2 Synthetic

        1. 2.1.2.1 Pitch-based

        2. 2.1.2.2 Pan-based

        3. 2.1.2.3 Phenolic-based

        4. 2.1.2.4 Viscose-based

        5. 2.1.2.5 Other Materials

    2. 2.2 Application

      1. 2.2.1 Purification

      2. 2.2.2 Chemical Separation and Catalysis

      3. 2.2.3 Protective Clothing

      4. 2.2.4 Medical

      5. 2.2.5 Super Capacitors

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Mexico

        3. 2.3.2.3 Canada

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Middle East & Africa

        1. 2.3.4.1 Saudi Arabia

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East & Africa

Activated Carbon Fiber Market Size FAQs

The Activated Carbon Fiber Market size is expected to reach USD 414.13 million in 2024 and grow at a CAGR of 3.71% to reach USD 496.87 million by 2029.

In 2024, the Activated Carbon Fiber Market size is expected to reach USD 414.13 million.

Activated Carbon Fiber Market Report Snapshots

Activated Carbon Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)