Activated Carbon Fiber Market

Rapid industrialization and the growing demand for purified water in various residential and commercial complexes are driving market growth at the moment. Activated Carbon Fiber is used to treat and purify contaminated water that contains a variety of solid, semisolid, liquid, and gaseous pollutants. This is influenced further by rising consumer awareness of the availability and benefits of wastewater treatment.

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Furthermore, regulatory bodies have supplemented the use of Activated Carbon Fiber to neutralise odour, prevent dust particles, and deal with ozone pollution caused by cooling systems, which is supporting market growth. As a result, ACF has an excellent nitrogen oxide removal capacity, allowing the product to naturally oxidise (NOx) to convert nitrate ions, which acts as another growth-inducing factor. In line with this, the rising prevalence of chronic kidney disease is encouraging the use of Activated Carbon Fiber for patient dialysis with end-stage renal disease, which is driving market growth. Aside from that, widespread use of Activated Carbon Fiber in chemical separation and catalysis, as well as supercapacitors and protective clothing, as well as strategic collaborations among key players, are positively influencing Activated Carbon Fiber Market growth.

Market Dynamics:

Rising demand for drinking water purification and wastewater treatment

The growing demand for water purification and wastewater treatment applications is expected to drive up demand for activated carbon fibre. In the coming years, several production facilities in the United States, Europe, and Asia, including manufacturing industries, will be required to meet stringent new water pollution control standards for wastewater and other hazardous water pollutants overseen by the US Environmental Protection Agency (EPA).

High production costs and fluctuating raw material availability are constraints.

Activated carbon fibres are expensive, and their manufacturing costs are rising in tandem with the price of raw materials. Fluctuating raw material prices and fluctuating foreign currency fluctuations have resulted in higher raw material prices and higher overall production costs.

Rising atmospheric pollution and the adoption of pollution-reduction policies by governments around the world present an opportunity.

The greatest threat to the environment is the rising level of pollutants in the atmosphere caused by vehicular emissions and industrial pollution. To address this issue, governing authorities have developed stringent action-based policy norms. Governing authorities around the world have implemented BS VI vehicular norms to reduce greenhouse gas emissions. BS VI also requires manufacturers to improve catalytic converter technology in vehicles.

Challenge: The need for a cost-effective manufacturing and regeneration process.

The production of ACF at a low cost is dependent on the availability of raw materials and the use of new processes and technologies. In terms of cutting-edge technology, ACF still has a lot of room to grow in order to build future living spaces that are energy self-sufficient, trouble-free, and of the highest quality. The most difficult challenge for the ACF market is the high cost of regeneration. Furthermore, the #carbonfibre activation process has two stages: #chemical and physical activation. The use of chemical activation agents in the treatment raises the processing cost.

Key Market Players

TOYOBO Co., Ltd. (Japan), Kuraray Co., Ltd. (Japan), UNITIKA Activated Carbon Filter Ltd. (Japan), Gun Ei Chemical Industry Co. Ltd. (Japan), Evertech Envisafe Ecology Co., Ltd. (Taiwan), AWA PAPER & TECHNOLOGICAL COMPANY, Inc. (Japan), Taiwan Carbon Technology Co., Ltd. (Taiwan), Daigas Group (Japan), AURO CARBON & CHEMICALS - India , Hangzhou Nature Technology Co., Ltd. (China), Eurocarb Products Ltd . (UK), China Beihai Fiberglass Co., Ltd. (China), @Bio-Medical Carbon Technology Co., Ltd. (Taiwan), CeraMaterials (US), and HPMS Graphite (US).