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Activated Carbon Fiber (ACF) Market Size

Report ID: GMI4360
Published Date: Apr 2023
Report Format: PDF

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Activated Carbon Fiber Market Size

Activated Carbon Fiber Market size exceeded USD 1 billion in 2022 and is anticipated to grow at a 7% CAGR from 2023 to 2032. Stringent government regulations along with rising health concern among people will supplement market growth in water treatment applications.

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The burgeoning need for wastewater treatment is set to drive product demand. The earth's declining water level, coupled with global industrialization, is escalating the need for water purification. Businesses and households that emit large amounts of polluted water containing dangerous solid, semisolid, liquid, or gaseous contaminants may have an adverse effect on the ecosystem, which is speculated to foster activated carbon fiber industry expansion

Activated Carbon Fiber Market Report Attributes
Report Attribute	Details
Base Year:	2022
Activated Carbon Fiber Market Size in 2022:	USD 1,055 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 2,000 Million
Historical Data for:	2018 to 2022
No. of Pages:	190
Tables, Charts & Figures:	200
Segments covered:	Material, Application
Growth Drivers:	North America: Increasing demand for wastewater treatment Europe: Emerging application of activated carbon fiber in air purification Asia Pacific: Increasing environmental concerns related to air and water pollution
Pitfalls & Challenges:	High product cost and fluctuation in raw material availability

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The activated carbon fiber (ACF) market was valued at over USD 1 billion in 2022 and is estimated to record significant growth at a 6.5% CAGR through the forecast period supported by the growing environmental consciousness.

The pitch-based material segment was valued at over USD 275 million in 2022 and is estimated to continue to hold a sizable share in the ACF market over 2023-2032 due to its increasing application in chemical and water purification processes.

The catalyst carrier application segment generated more than USD 115 million in revenue in 2022 and is set to grow significantly through 2032 owing to the expanding North America and Asia Pacific chemical industries.

The North America ACF market is projected to grow at over 7.5% CAGR between 2023 and 2032 driven by the booming chemical and petroleum industries in the region.