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

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 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. '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'

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 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.

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.