Global Activated Carbon Fibre Market to Grow at a CAGR of 4.2% During 2024-2032, Driven by Utilization of Activated Carbon Fibre (AFC) for Wastewater Treatment Activities

Activated carbon fibre is increasingly used in water purification operations because it has higher absorption abilities and rates for low-molecular-weight toxins. The substance can also be speedily replenished, which is another advantage driving the market's growth. The ever-increasing demand for freshwater, combined with its limited supply, has prompted wastewater disposal practices worldwide. This has been favouring the growth of the market. In addition, the discharge of municipal wastewater has a disastrous effect on the climate because of the toxic substances present in it, which severely affects the air quality. As a result, this trend is projected to contribute to lucrative opportunities on r account of growing market demand from various end-use industries in the forecast timeframe.

According to a new study published by the University of Washington in November 2021, researchers have created a new type of activated carbon fibre reinforced material that is as strong and light as traditionally used materials. The added advantage is that these materials have the ability to be repeatedly heated with reversing any fatigue damage. This characteristic allows a way to break it down and recycle it when it reaches the prime of its life. Thus, robust research and development (R&D) in the field of activated carbon fibres has been stimulating the growth of the market. The market growth can also be associated with the expansion strategies employed by leading market players like TOYOBO Co. Ltd (TYO: 3101) and Kuraray Co. Ltd (TYO: 3405), among others.

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Market Analysis by Raw Material, Applications, and Region:

• The market on the basis of raw material can be divided into synthetic and natural.
• Based on its application, the industry can be divided into purification, chemical separation, catalysis, protective clothing, medical, and supercapacitors, among others. 
• The regional markets for global activated carbon fibre include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

• Activated carbon fibres are increasingly used in water purification operations to treat wastewater from industries which helps in the market growth.
• The market growth can be associated with the property of activated carbon fibre that can get rapidly replenished.  
• The active use of activated carbon fibres in the healthcare sector during dialysis to treat patients with kidney disorders is invigorating the market's growth. 
• The demand for activated carbon fibres from developing economies to curb air pollution positively influences the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global activated carbon fibre market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for raw materials, applications, and regions of the product.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for activated carbon fibre are UNITIKA LTD., OJSC SvetlogorskKhimvolokno, TOYOBO Co., Ltd., Kuraray Co.Ltd., EVERTECH ENVISAFE ECOLOGY CO., LTD., and HPMS Graphite, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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