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APAC Activated Carbon Fiber (ACF) Market size to reach $381.4 Mn by 2027
Published Date: 2021-07-06
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APAC Activated Carbon Fiber (ACF) Market size is anticipated to cross USD 381.4 million by 2027, according to a latest forecast report by Graphical Research.
The growing number of research projects in the field of ACF and its usage in several applications are expected to offer lucrative opportunities for industry expansions. Several research organizations are actively involved in development of new processes and precursor materials for manufacturing ACF. Growing industrialization in APAC countries will promote a significant industry growth. China is the largest consumer of activated carbon fiber owing to the increasing manufacturing sector. The surging disposable income of consumers along with changing lifestyles and living standards will fuel the demand for activated carbon fiber in the market. However, the COVID-19 pandemic has highly impacted the market growth. Nevertheless, several industry players are offering virtual services to help them overcome these challenges.
The polyacrylonitrile segment is projected to grow significantly during the upcoming years. Pitch based is a lightweight material compatible with activated carbon fiber owing to its low cost, which will boost future growth. Due to ACF’s properties and growing applications of activated carbon fibers manufactured from pitch precursors, it is expected that production will increase in the upcoming time period. Pitch-based fibers are isotropic in nature, have larger adsorptive capacity and quicker adsorption and desorption velocity due to their higher surface area. They are more acceptable in various applications compared to conventional granular activated carbons and powdered activated carbons.
The cellulose-based segment is anticipated to grow at a CAGR of 6.3% during the forecast period. The cellulose-based precursors are natural fibers and available in wide range across the globe. The rising demand for air purifiers across the globe and the usage of ACF as substitutes to GAC in air purifiers will further support material demand. However, the lower tensile strength of the material compared to pitch and PAN-based fibers may limit segment growth.
Browse detailed statistical insights from the report, “Asia Pacific Activated Carbon Fiber Market Forecast 2027 By Material (Cellulose Based, Polyacrylonitrile (PAN) Based, Phenolic Resin Based, Pitch Based), By Application (Air Purification, Water Treatment, Chemical Recovery, Catalyst Carrier), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @ https://www.graphicalresearch.com/industry-insights/1880/asia-pacific-activated-carbon-fiber-market
The air purification segment dominated the APAC ACF market owing to rising health issues and growing number of Asthma patients across the globe along with stringent government regulations pertaining to air pollution, driving the demand for ACF products. Catastrophic environmental changes including global warming and air pollution are associated with higher emission of CO2. ACF further possesses good CO2 adsorption capacities, showcasing higher growth for air purification in emerging as well as developed economies. The usage of air purifier K-filters in passenger cars and installation of ACF units across highways are expected to drive the segment growth.
The water treatment segment is projected to grow at a CAGR of 7.5% from 2021 – 2027. Wastewater treatment along with the treatment of drinking water is one of the major concerns across the globe. A large number of global populations are suffering from serious health issues owing to drinking of polluted water. ACFs are good materials for filter drinking water as well as wastewater. The usage of ACF filter technology in new water purifiers along with the starting of several pilot projects to used PAN-based ACF in wastewater treatment projects across the globe is expected to drive the product growth for water treatment applications.
The APAC activated carbon fiber (ACF) market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Material
- Cellulose based
- Polyacrylonitrile (PAN) based
- Phenolic resin based
- Pitch based
Asia Pacific Market, By Application
- Air purification
- Water treatment
- Chemical recovery
- Catalyst carrier
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific