Global Activated Carbon Fiber Market to total US$ 5.3 billion by 2024, rising at a 2.9% CAGR | Future Market Insights, Inc.

Future Market Insights, Inc. (FMI) predicts robust growth for the activated carbon fiber market, fueled by their versatility and exceptional properties. These high-surface-area, highly-porous fibers find invaluable applications in water purification, air filtration, energy storage, and beyond.

NEWARK, Del. , Jan. 17, 2024 /PRNewswire/ -- The Activated Carbon Fiber Market is on the brink of reaching a substantial valuation, projected to reach US$ 3.9 billion by 2024. The trend is anticipated to open doors to new opportunities within the market, with a projected CAGR of 2.9% from 2024 to 2034. By 2034, the market is poised to soar to an estimated total valuation of around US$ 5.3 billion.

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The market is experiencing significant growth, driven by various industries versatile applications of activated carbon fibers. Exceptional properties, including a high surface area, porosity, and impressive adsorption capabilities, characterize these fibers. Such attributes make them invaluable in crucial sectors such as water purification, air filtration, and energy storage.

The escalating global awareness of environmental issues and the growing demand for sustainable solutions contribute substantially to the increasing adoption of activated carbon fibers.  As the need for effective pollution control and resource optimization solutions intensifies, industries are turning to these fibers, positioning the market for continuous expansion.

Noteworthy trends and highlights in the market include a surge in demand fueled by a global shift towards sustainable and eco-friendly solutions, particularly in water and air purification applications.  The healthcare sector is witnessing an uptick in adopting activated carbon fibers, leveraging their antimicrobial properties for applications such as medical masks, wound care, and drug delivery systems.

Ongoing advancements in manufacturing technologies are enhancing the efficiency of activated carbon fiber production, leading to cost-effective processes and expanding market opportunities. The rising interest in energy storage technologies is propelling the utilization of activated carbon fibers in supercapacitors and batteries, presenting substantial opportunities in the expanding energy storage market.

Activated Carbon Fiber Market Report Scope

Key Takeaways from the Market Study

• The market valuation in 2023 was US$ 3.8 billion.
• Based on application, liquid-phase is expected to expand at a CAGR of 2.5% by 2034.
• China is estimated to register at a CAGR of 3.7% by 2034.
• The United Kingdom experiences significant growth, projected at a CAGR of 4% by 2034.

"The surge in demand spurred by a global shift towards sustainable and eco-friendly solutions, notably in water and air purification applications, is considered a prevailing trend in the activated carbon fiber market," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive LandscapeTop of Form

The competitive landscape of the activated carbon fiber industry is marked by intense rivalry among key players striving for market dominance. Companies are driven by innovation, aiming to capitalize on the increasing demand for sustainable solutions in water purification, air filtration, and energy storage.

Following are the Prominent Players Profiled in the Activated Carbon Fiber Market Research Report:

• CarbPure Technologies
• Boyce Carbon
• Cabot Corporation
• Kuraray Co.
• CarboTech AC GmbH
• Donau Chemie AG
• Haycarb (Pvt) Ltd.
• Jacobi Carbons Group
• Kureha Corporation
• Osaka Gas Chemicals Co., Ltd.

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Advancements in manufacturing technologies and strategic applications in sectors like healthcare and automotive further intensify competition, creating a dynamic marketplace focused on delivering effective and environmentally conscious solutions. Some of the recent developments are:

• In March 2023, Haier Group acquired Mealthy, a leading brand mainly consisting of kitchen appliances.
• In March 2023, ITEHIL introduced the RO Water Purifier, a groundbreaking innovation merging the purifying capabilities of reverse osmosis (RO) membranes and activated carbon.

More Valuable Insights Available

Future Market Insights offers an unbiased global activated carbon fiber market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand activated carbon fiber market opportunities are segmented based on By Type (Powdered, Granular, Others), By Application (Liquid Phase, Gas Phase), By End-user (Water Treatment, Food and Beverage Processing, Pharmaceutical and Medical, Automotive, Air Purification, Others), and By Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and The Middle East and Africa).

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About the Chemicals and Materials Division at Future Market Insights

The chemicals and materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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