In 2021, the North American water and wastewater treatment market increased by 6.5 %.
Demand of activated carbon fiber is anticipated to be driven by growing environmental concerns about air and water pollution as well as activated carbon fiber's better properties as compared to powdered and granular activated carbons, resulting in the growth of Global Activated Carbon Fiber market during the forecast period.
Growing Adoption for Wastewater Treatment Activities
As activated carbon fiber has tendency to absorb low molecular weight pollutants, it is being employed more often in water treatment processes. Another benefit associated with its service in several applications is the substance's ability to regenerate fast. The global adoption of wastewater disposal methods has been motivated by the steadily increasing demand for fresh water and its constrained supply. Wastewater from industries and homes has been released into the environment as a result of rapid industrialization and urbanization trends in emerging nations. These wastewater releases have a terrible influence on the environment because they include harmful compounds that have a negative impact on the atmosphere.
For instance, the Council on Energy, Environment, and Water (CEEW) collaborated with the 2030 Water Resources Group regarding the improvements of wastewater management in India.
Therefore, the increasing demand for water treatment is expected to drive the growth of Global Activated Carbon Fiber market during the forecast period.
Rising Demand from the Air Purification Industry
Activated carbon fibers are frequently used in air cleaning due to its adsorbing property. In many different sectors and labs, high-purity gases are necessary. Impurities such as moisture, oxygen, hydrocarbons, and sulfur compounds can interfere with the operation of the gases or cause them to be used less effectively. Therefore, the need for industrial gas filtration results in increasing the demand for activated carbon fibers.
Gas purification is necessary for gas masks, preserving interior air quality, controlling emissions and odors, cleaning the cabin air in aero planes, and controlling vehicle emissions.
For instance, according to the Environmental Protection Agency U.S., the transportation sector accounts for over 29% of greenhouse gas emissions.
Additionally, owing to the diversified uses of gases and rising worries about air pollution increasing the demand for Global Activated Carbon Fiber market during the forecast period.
Raising Prevalence of Chronic Kidney Disease (CKD)
A feasible alternative to dialysis for individuals with end-stage renal illness is activated carbon fiber because it binds to urea and other toxins and lessens the amount of waste that must pass through the kidneys. Additionally, in people with chronic renal illness, oral activated carbon fiber successfully postpones the onset of hyperphosphatemia. Additionally, it prevents individuals with stage 3-5 CKD from developing vascular calcifications.
For instance, according to Public Health England 3.2 million people in England aged 16 and above have chronic kidney disease (CKD) stages 3-5, and the prevalence of CKD stage 3-5 is projected to rise in the upcoming years based on current scenario.
Owing to increase in CKD stages 3-5 cases, the demand for Global Activated Carbon Fiber market is expected to increase during the forecast period.
Recent Developments
- In November 2022, in order to
design, develop, produce, and promote functional materials, Toyobo Co.
Ltd. and Mitsubishi Corporation agreed to form a new joint venture
business.
- Toyobo adopted fiber material for
premier seats in new Jumbo Ferry ship first time in October 2022.
- In April 2022, Kobe university
& Toyobo signed an agreement for research & development.
- Kuraray Co., Ltd. declared that its
American subsidiary, Calgon Carbon Corporation (hereafter "Calgon
Carbon"), has agreed to increase production capacity at its Pearl
River Plant in Mississippi, USA, in June 2020.
Market Segmentation
Global Activated Carbon Fiber Market is segmented based on type, application, and region. Based on type, the market is further bifurcated into natural, and synthetic. Based on application, the market is segregated into air purification, water treatment, catalyst carrier, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Company Profiles
Anshan Sinocarb Carbon Fibers Co., Ltd., Kuraray Co., Ltd., Awa Paper & Technological Company, Inc., Toyobo Co. Ltd., Hangzhou Nature Technology Co., Ltd., Evertech Envisafe Ecology Co., Ltd., HPMS Graphite, Osaka Gas Chemicals Co., Ltd., Auro Carbon & Chemicals, and Unitika Ltd. are some of the key players in the global Activated Carbon Fiber market.
Market Segmentation
Global Activated Carbon Fiber Market is segmented based on type, application, and region. Based on type, the market is further bifurcated into natural, and synthetic. Based on application, the market is segregated into air purification, water treatment, catalyst carrier, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Company Profiles
Anshan Sinocarb Carbon Fibers Co., Ltd., Kuraray Co., Ltd., Awa Paper & Technological Company, Inc., Toyobo Co. Ltd., Hangzhou Nature Technology Co., Ltd., Evertech Envisafe Ecology Co., Ltd., HPMS Graphite, Osaka Gas Chemicals Co., Ltd., Auro Carbon & Chemicals, and Unitika Ltd. are some of the key players in the global Activated Carbon Fiber market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Type Application |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States, Mexico, Canada, France, Germany, United
Kingdom, Spain, Italy, China, India, South Korea, Japan, Malaysia, Brazil,
Argentina, South Africa, Saudi Arabia, UAE |
|
Key companies profiled |
Anshan
Sinocarb Carbon Fibers Co., Ltd., Kuraray Co., Ltd., Awa Paper &
Technological Company, Inc., Toyobo Co. Ltd., Hangzhou Nature Technology Co.,
Ltd., Evertech Envisafe Ecology Co., Ltd., HPMS Graphite, Osaka Gas Chemicals
Co., Ltd., Auro Carbon & Chemicals, Unitika Ltd. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized
purchase options to meet your exact research needs. Explore
purchase options |
|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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