Activated Carbon Fiber (ACF) Market size to exceed USD 2 billion by 2032

Activated Carbon Fiber (ACF) Market size is estimated to reach USD 2 billion in revenue by 2032, as per a recent research report announced by Global Market Insights Inc.
 

Rising use of activated carbon fiber in air purification is creating profitable growth opportunities for the market. Additionally, as the global economy grows, environmental issues are becoming more prevalent, aiding market expansion. The widespread use of air purifiers is also anticipated to accelerate the uptake of ACFs. Due to their superior qualities compared to granular activated carbon (GAC), purifier manufacturers are integrating activated carbon fibers into their products. The global residential air purifier market was worth approximately 20,000 units in 2021 and is projected to positively influence market dynamics in the upcoming years.
 

Increasing use of personal protective clothing to boost cellulose-based fiber material segment expansion

In terms of material, the cellulose-based activated carbon fiber market was valued at over USD 155 million in 2022 and is expected to register more than 6.5% gains through 2032. Due to their use in applications such as personal protective apparel and water filtration, cellulose-based materials are gaining traction in the ACF sphere. The COVID-19 pandemic outbreak caused a significant increase in the demand for PPEs, which is likely to fuel the market for cellulose-based fibers.
 

Burgeoning water pollution to expand water treatment market share

Based on applications, activated carbon fiber market size from the water treatment application segment is anticipated to exceed USD 715 million in revenue by 2032. One of the major global concerns is the treatment of both wastewater and drinking water. Governments are taking severe actions to reduce water pollution as drinking contaminated water causes serious health problems for a huge portion of the world's population. Due to their widespread application in both wastewater treatment and drinking water filtration, ACFs are likely to observe high penetration in water treatment processes.
 

Browse key industry insights spread across 190 pages with 162  market data tables and 38 figures & charts from the report “Activated Carbon Fiber Market Statistics by Material (Cellulose Based, Polyacrylonitrile (PAN) Based, Phenolic Resin Based, Pitch Based), Application (Air Purification, Water Treatment, Chemical Recovery, Catalyst Carrier), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/activated-carbon-fiber-acf-market
 

Presence of leading producers to expand Asia Pacific business share

Asia Pacific activated carbon fiber market is anticipated to expand at more than 7.5% CAGR through the forecast timeframe. APAC is the world's top producer of ACF materials, with countries like China and Japan serving as the region's main ACF suppliers. The presence of numerous ACF producers in the region and their collaborations with local universities to advance ACF technologies are foreseen to boost industry expansion.
 

Strategic alliances to define the competitive overview of the industry

The activated carbon fiber market consists of viz., Lesaffre Group, Angel Yeast, Trouw Nutrition, Alltech Inc, Osaka Gas Co., Ltd., Anshan Sinocarb Carbon Fibers Co., Ltd., Jiangsu Branch net Carbon Fiber Co., Ltd., and other firms. Manufacturers are emphasizing technological integration, product launches, and the execution of expansion plans to maintain their market position.