North America Activated Carbon Fiber Market size crossed USD 315 million in 2020 and is estimated to witness over 7.4% CAGR between 2021 and 2027.

North America Market, By Application

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The water treatment applications will hold the largest North America activated carbon fiber (ACF) market share, registering around 8% growth rate during the forecast period. Activated carbon has garnered significant attention in modern world and swept through end-user industries to become an essential component. Increasing demand for water filtration units and adoption of new materials in water treatments will propel the market growth. Growing industrialization and depleting water level in major reservoirs in the region have encouraged water treatment.

A positive outlook of the chemical sector across the region will drive the ACF demand. The rising demand for chemical and solvent recovery equipment in the region coupled with the growing petroleum sector will further drive the market growth. The U.S. is one of the major consumers of ACF products across the globe. ACF products are mainly used for air purification and water treatment applications in the region. Additionally, the presence of several industry participants and the wide distribution network of several ACF manufacturers across the region are supporting the industry growth.

Stringent regulations imposed by regulatory bodies in North American countries to promote water treatment activities will boost the product demand. Additionally, the growing demand for fresh water has been triggering the wastewater treatment activities across the region, which will further have subsequent positive impact on the activated carbon fiber market in North America.

North America Market, By Material

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Polyacrylonitrile (PAN)-based products will have the highest demand in the North America activated carbon market, growing at a CAGR of 6.8% through 2027 in terms of volume. PAN-based products exhibit superior properties such as high tensile strength and higher carbon yield. Polyacrylonitrile (PAN)-based products can be used in a plethora of applications including water filtration, capacitor, catalyst, and refrigeration.

North America Market, By Country

U.S. activated carbon fiber (ACF) market will dominate the North American revenue share till 2027. The U.S. government has stringent regulations and standards for wastewater treatment to ensure reusability of that water. For instance, the Clean Water Act is a regulatory structure for regulates quality standards for surface waters and pollutant discharges into the water bodies. Increasing scarcity of water and stringent regulations will augment market growth in North America.

Competitive Industry Landscape

The major ACF manufacturers engaged in the North America market are Awa Paper & Technological Company, Inc., Kuraray Co., Ltd., Hangzhou Nature Technology Co., Ltd., etc.