USD 1 billion
Activated Carbon Fiber (ACF) Market Size, Share, Growth Analysis, By Application(Water treatment, air purification), By Type(Pitch-based, PAN-based) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2382 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
75
Activated Carbon Fiber (ACF) Market Insights
Global Activated Carbon Fiber (ACF) Market size was valued at USD 1 billion in 2022 and is poised to grow from USD 1.07 billion in 2023 to USD 1.84 billion by 2031, growing at a CAGR of 7% during the forecast period (2024-2031).
The global activated carbon fiber market is experiencing robust growth driven by increasing demand across diverse sectors.
Key drivers include water purification needs, air quality concerns, and expanding applications in energy storage, medical, and automotive industries.
With rising environmental awareness and stringent regulations, the market is set to expand further.
Innovations in production techniques and material properties are enhancing the efficiency and versatility of activated carbon fibers, fostering their adoption.
Asia-Pacific holds a significant market share due to industrialization and urbanization. As the market continues to evolve, collaborations and investments in R&D are expected to shape its future trajectory.
The activated carbon fiber market saw ongoing research and development efforts aimed at improving the material properties and manufacturing processes. Innovations focused on enhancing the porosity, surface area, and mechanical strength of activated carbon fibers.
These improvements were aimed at meeting the specific requirements of different applications and expanding the scope of their usage.
New production methods and techniques were being explored to scale up production and reduce costs, making activated carbon fibers more accessible to a broader range of industries.
US Activated Carbon Fiber (ACF) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
water treatment
Fastest Growth
water treatment
Growth Rate
7% CAGR
Global Activated carbon fiber market by region
Country Share for North America (%)
Global Activated carbon fiber market by application
Global Activated carbon fiber market by application
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Activated Carbon Fiber (ACF) Market Segmental Analysis
The global activated carbon fiber market can be segmented based on type, application, and region. In terms of type, it includes pitch-based, PAN-based, and others. Application-wise, it finds usage in water treatment, air purification, medical applications, and more. Geographically, the market can be divided into North America, Europe, Asia-Pacific, and the rest of the world.
Activated Carbon Fiber (ACF) Market Analysis By Application
The residential segment has traditionally been the largest consumer of smart ovens due to the growing trend of smart homes and consumer interest in connected appliances. Residential users value the convenience and control offered by these ovens, including the ability to preheat the oven remotely, adjust cooking settings via a smartphone app, and receive notifications when the cooking process is complete.
The fastest-growing segment is likely to be the commercial segment. As the restaurant and foodservice industry continues to modernize, there is a growing demand for efficient and precise cooking equipment. Smart ovens that can streamline cooking processes, ensure consistent results, and integrate with kitchen management systems are likely to gain traction.
Activated Carbon Fiber (ACF) Market Analysis By Type
The largest segments in the activated carbon fiber market are likely air purification and water treatment. These applications have gained significant importance due to growing environmental concerns and stricter regulations related to air and water quality. The fastest-growing segments could include electrochemical applications, especially as energy storage technologies like supercapacitors and batteries continue to evolve. Additionally, the use of activated carbon fibers in the medical and healthcare sector could also be growing, driven by advancements in medical textiles and wound care products.
Global Activated carbon fiber market by application, 2023 (%)
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Activated Carbon Fiber (ACF) Market Regional Insights
The largest application segment for activated carbon fibers has historically been air purification. With increasing concerns about indoor air quality and pollution, the demand for air purification systems that utilize activated carbon fibers for effective VOC and odor removal has been on the rise.
The fastest-growing application segment can vary depending on trends and technological advancements. Water treatment has shown potential for significant growth due to increasing awareness of water pollution and the need for clean water sources. Additionally, the medical and healthcare sector could also experience growth as researchers explore innovative ways to use activated carbon fibers in drug delivery systems and wound care applications.
Global Activated carbon fiber market by geography, 2024-2031
- Largest
- Fastest
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Activated Carbon Fiber (ACF) Market Dynamics
Activated Carbon Fiber (ACF) Market Drivers
Environmental Regulations and Air/Water Purification Demand
- Growing concerns about air and water pollution have led to stricter environmental regulations worldwide. Activated carbon fibers are widely used for air and water purification due to their high adsorption capacity for various pollutants, including volatile organic compounds (VOCs), heavy metals, and other contaminants. As governments and industries increasingly focus on environmental protection and sustainable practices, the demand for activated carbon fibers for pollution control applications has been on the rise.
Rising Demand in Industrial Processes
- Activated carbon fibers are used in various industrial processes, including gas and liquid phase adsorption, catalysis, and as electrode materials in energy storage devices. They offer a high surface area and tunable pore structures, making them suitable for diverse applications such as solvent recovery, decolorization, and separation processes. The expansion of industries such as pharmaceuticals, chemicals, food and beverages, and electronics has contributed to the demand for activated carbon fibers.
Activated Carbon Fiber (ACF) Market Restraints
Cost Constraints
- Activated carbon fiber production can be cost-intensive due to the complex manufacturing processes and the use of specialized equipment. The raw materials used, such as carbon precursors, can also contribute to the overall cost. As a result, the cost of activated carbon fibers can be relatively high compared to other adsorption materials. This cost factor can limit their adoption, especially in price-sensitive markets.
Competition from Alternatives
- While activated carbon fibers offer excellent adsorption properties, there are other materials and technologies available for similar applications. These alternatives may include conventional activated carbon, zeolites, silica gels, and more recently developed nanomaterials. Some of these alternatives might offer competitive adsorption performance at a lower cost, potentially posing a challenge to the widespread adoption of activated carbon fibers.
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Activated Carbon Fiber (ACF) Market Competitive Landscape
The global activated carbon fiber market features intense competition among key players vying for market share. Industry leaders such as Kuraray Co. Ltd., Toyobo Co., Ltd., and Osaka Gas Chemicals Group dominate with their established product portfolios and technological expertise. Innovations, strategic partnerships, and expansion efforts characterize the competitive landscape as companies strive to capitalize on rising demand for water purification, air filtration, and energy storage applications. Market players focus on enhancing product quality, cost-effectiveness, and sustainability to gain a competitive edge, while also addressing environmental concerns. Overall, the market showcases dynamic rivalry driven by advancements in material science and increasing awareness of carbon footprint reduction.
Activated Carbon Fiber (ACF) Market Top Player’s Company Profiles
- Kuraray Co., Ltd. - Japan
- Toyobo Co., Ltd. - Japan
- Osaka Gas Chemicals Group - Japan
- Teijin Limited - Japan
- Kureha Corporation - Japan
- Awa Paper Mfg. Co., Ltd. - Japan
- Hayleys Group - Sri Lanka
- Solvay S.A. - Belgium
- Spintek Filtration Inc. - USA
- Unitika Ltd. - Japan
- Nippon Kynol, Inc. - Japan
- Anshan Sinocarb Carbon Fibers Co., Ltd. - China
- Neenah Gessner GmbH - Germany
- Mitsubishi Chemical Corporation - Japan
- SGL Carbon SE - Germany
- Murata Manufacturing Co., Ltd. - Japan
- Cabot Corporation - USA
- Takeda Pharmaceutical Company Limited - Japan (Takeda Carbon Fiber)
- Wacker Chemie AG - Germany
- Nantong Senyou Fiber Products Co., Ltd. - China
Activated Carbon Fiber (ACF) Market Recent Developments
- In January 2023, Whirlpool Corporation acquired Insignia Products. Insignia is a leading brand of smart home appliances, including ovens.
- In February 2023, Samsung Electronics acquired ChefSteps. ChefSteps is a leading provider of online cooking courses and recipes.
- In March 2023, Haier Group acquired Mealthy. Mealthy is a leading brand of connected kitchen appliances, including ovens.
Activated Carbon Fiber (ACF) Key Market Trends
- Rising Demand for Air and Water Purification: Activated carbon fibers have been widely used in air and water purification applications due to their high surface area and adsorption capabilities. One of the key trends was the increasing demand for clean and safe air and water across various industries and regions. This trend was driven by concerns about pollution, industrial emissions, and the need for better indoor air quality. As regulations and awareness about environmental issues continued to grow, the activated carbon fiber market saw increased adoption in sectors such as automotive, manufacturing, and municipal water treatment.
- Growing Interest in Energy Storage Applications: Another significant trend was the exploration of activated carbon fibers for energy storage applications, particularly in supercapacitors. The unique properties of activated carbon fibers, including their high surface area and electrical conductivity, made them attractive candidates for energy storage devices. As renewable energy sources and electric vehicles gained traction, the demand for efficient energy storage technologies also increased. Activated carbon fibers were being researched for their potential to enhance the performance and efficiency of supercapacitors, which could have a substantial impact on energy storage solutions.
Activated Carbon Fiber (ACF) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global activated carbon fiber market is poised for promising growth, driven by rising demand for water and air purification solutions, increasing awareness of environmental sustainability, and expanding applications in sectors such as healthcare, automotive, and electronics. The unique adsorption properties and lightweight nature of activated carbon fibers position them as a favored choice for diverse industrial uses. As stringent regulations on pollution and a growing emphasis on clean technologies persist, the market is likely to witness sustained expansion, fostering innovation and investment in production techniques and applications for a cleaner and healthier future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1 billion |
| Market size value in 2031 | USD 1.84 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Activated Carbon Fiber (ACF) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Activated Carbon Fiber (ACF) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Activated Carbon Fiber (ACF) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Activated Carbon Fiber (ACF) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Activated Carbon Fiber (ACF) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Activated Carbon Fiber (ACF) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Activated Carbon Fiber (ACF) Market Report Snapshots
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