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European Activated Carbon Fiber (ACF) Market size to cross $430.3 Mn by 2027
Published Date: 2021-07-06
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European Activated Carbon Fiber (ACF) Market size is poised to surpass USD 430.3 million by 2027, according to a latest forecast report by Graphical Research.
The rapidly growing air purification and wastewater treatment industries in European countries will promote significant industry growth. Germany holds the largest wastewater treatment industry share and is fostering at a considerable rate owing to the scarcity of fresh water, which is attributed to the rising population and industrial activities. Germany has the largest sustainable water management system in Europe, which will fuel the demand for activated carbon fibers in near the future. Furthermore, a drop in air quality and rising GHG emissions are expected to propel the demand for air purification, thereby influencing the usage of activated carbon fibers in air purifiers, filters, and other products. The COVID-19 pandemic has highly impacted the Europe activated carbon fiber market growth. Nevertheless, the rising demand for HEPA-based air purifiers during the COVID-19 pandemic is likely to support the global activated carbon fiber industry growth.
The polyacrylonitrile (PAN) based material is projected to grow significantly in the coming years. PAN is widely used to produce ACF due to its high carbon yield and thermal stability in elevated temperatures. PAN-based carbon fibers hold about 90% of the total production of carbon fibers and have exceptional tensile strength. Additionally, PAN-based ultra-fine activated carbon fibers can be used as a super absorbent for a longer period. The material has a wide range of usage in applications including catalyst, capacitor, absorption cooling system, and others. Rising applications of the product as catalyst carriers along with technical developments in supercapacitors will further boost the material demand in the coming years.
Browse detailed statistical insights from the report, “Europe Activated Carbon Fiber Market Forecast 2027 By Application (Air Purification, Water Treatment, Chemical Recovery, Catalyst Carrier), By Material (Cellulose-based, Polyacrylonitrile (PAN) Based, Phenolic Resin-based, Pitch-based), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Europe ACF business will showcase significant growth owing to the rapid adoption of wastewater treatment technologies and stringent EU regulations along with public health concerns. The water treatment segment is projected to grow at a CAGR of 6.7% from 2021 – 2027 in the region. Activated carbon fibers can remove impurities from small & large-scale community-wide water systems, can inhibit bacterial growth, and can be used in residential water purification system. The ongoing applications of ACF filters in water purifiers will further contribute to the market share. Industry leaders are continuously investing in the development of new pilot projects, offering new opportunities to expand the product yield and advancements in the functionalities of the product. For instance, ACFs are effectively used in the purification of chlorinated water, which may enhance their application in industrial wastewater.
ACF manufacturers face many challenges including high processing costs that lead to higher capital investments; economical substitutes, such as silica gel; and changing government regulations, limiting the market growth. Rising product demand from emerging applications in the pharmaceutical, food & beverage, paint, and other industries is likely to drive the industry growth in the near future.
The European 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:
Europe Market, By Material
- Polyacrylonitrile (PAN) based
- Phenolic resin-based
Europe Market, By Application
- Air purification
- Water treatment
- Chemical recovery
- Catalyst carrier
The above information has been provided for the following countries:
- Rest of Europe