According to Stratistics MRC, the Global Activated Carbon Fiber Market is accounted for $328 million in 2022 and is expected to reach $516 million by 2028 growing at a CAGR of 7.80% during the forecast period.
Activated carbon, also known as activated charcoal, is used in a variety of industrial applications involving reusable recovery, such as gas and air cleaning. Carbon fiber and activated carbon properties are superior in activated carbon fibers. Activated carbon fiber based on polyacrylonitrile and phenolic resin has excellent properties such as high surface area and absorption power, rapid adsorption and desorption rates, and ease of fabrication. These properties make it particularly suitable for air purification, wastewater treatment, chemical recovery, and a variety of other applications.
The healthcare industry is driving growth in the global market for activated carbon fiber. Because it bonds to nitrogen and other pathogens, activated carbon fiber may be a viable dialysis option for patients with end-stage renal disease. Furthermore, in patients with severe kidney disease, oral activated carbon fiber significantly slows the onset of hyperparathyroidism. It also slows the progression of vascular calcifications in patients with stage 3-4 CKD, boosting market growth. Furthermore, the number of patients suffering from kidney disease has been increasing in recent years, which is expected to drive the market for activated carbon fiber throughout the forecast period.
By geography, The North America region is expected to grow significantly and to register the highest CAGR growth during the forecast period, due to increased demand from the purification, chemical, and medical industries in countries such as the United States and Canada. The United States is a major advanced economy with a diverse range of industries on a large, medium, and small scale. The country is well known for its brisk commercial activity. Additionally, the region’s increasing investment in water treatment is likely to increase demand for activated carbon fiber in this region.
Some of the key players profiled in the Activated Carbon Fiber Market include Osaka Gas Chemicals Co.Ltd, Kuraray Company, Anshan Sinocarb Carbon Fibers Co., LTD, Toyobo Co. Ltd, Evertech Envisafe Ecology Co.,LTD, Jiangsu Tongkang Special Activated Carbon Fiber & Fabric Co., Ltd., Unitika Ltd, Gun Ei Chemical Industry, Kejing Carbon Fiber, Awa Paper & Technological Co. Inc., Hangzhou Nature Technology Co. Ltd. and HPMS Graphite Solutions.
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Raw Materials Covered:
- Water treatment
- Chemical Separation and Catalysis
- Protective Clothing
- Pharmaceutical and Medical
- Other Applications
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