The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.Read More
North American Activated Carbon Fiber Market size to hit $530 Mn by 2027
Published Date: 2021-07-06
Request a sample
North American Activated Carbon Fiber Market size is projected to reach USD 530 million by 2027, according to a latest forecast report by Graphical Research.
Water treatment applications will showcase significant growth in North America due to stringent government regulations on clean water and air. The increasing usage of ACF filters in modern water purifiers along with new product development will support the market growth. The dominance is mainly associated with the presence of multiple end-user industries and stringent government regulations along with the establishment of new manufacturing plants in the country.
With increasing concerns pertaining to environmental pollution and energy crisis, materials used in activated carbon fibers have gradually changed from petroleum resources to biomass-based materials. Biomass is emerging as an excellent feedstock for the preparation of activated carbon fibers due to its low cost, environmental friendliness, and good renewability.
Activated carbon fibers are utilized in several applications due to their better performance compared to other activated carbon materials. The applications of ACFs include water purification, gas & liquid phase adsorption, catalyst, capacitor, natural gas storage, healthcare, refrigeration, etc. There is still a wide scope for the development of activated carbon fibers with advanced technologies to construct energy efficient, trouble-free, and high-quality living environment for the future.
Browse detailed statistical insights from the report, “North America Activated Carbon Fiber (ACF) 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) @
The strong demand for air purifiers across the region is further projected to boost the adoption of ACFs. Recently, the demand for air purifiers has surged due to the global COVID-19 pandemic. Furthermore, the demand for air purifiers is going up with each passing year due to the deteriorating air quality in the region. Rising emission control laws and increasing consumer awareness of air pollution will augment air purifier demand.
Phenolic resin-based ACFs are used owing to their faster processing, good thermal insulation, and corrosion resistance properties. Phenolic resin is mainly used due to its lower toxicity and thermal stability compared to pitch-based resins. Furthermore, phenolic resins are easily available, cost-efficient, easy to process, and have low toxicity. The phenolic resin segment will grow at 6% CAGR during the forecast period.
The U.S. held more than 90% demand share in North America and more than 30% in the global ACF market. North America has a strong presence of end-user industries, enabling strong market growth in the region. Furthermore, growing stringent regulations on water and air purification will augment product demand. The growing demand for safe potable water in the region will drive market growth. Depleting freshwater resources will propel wastewater recycling plants in the region, which will further augment product demand.
The market for activated carbon fiber in North American 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:
North America Market, By Material
- Cellulose based
- Polyacrylonitrile (PAN) based
- Phenolic resin based
- Pitch based
North America Market, By Application
- Air purification
- Water treatment
- Chemical recovery
- Catalyst carrier
The above information has been provided for the following countries:
- North America