September 08, 2021
According to the recent research report titled ‘North America Activated Carbon Fiber Market Forecast 2027 By Application, By Material Based, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, North America activated carbon fiber market is projected to attain a valuation of USD 530 million by the year 2027.
Increasing number of automobiles, rising levels of industrial pollution, and subsequent degradation of air quality are fueling North America activated carbon fiber market growth.
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Notably, carbon-based air filters can filter VOCs (volatile organic compounds) from the air. Mechanical air purifiers that only filter particles are unable to eliminate foul odors. Carbon fiber filters, on the other hand, are widely used to remove VOCs, odors, and other gaseous contaminants from the air. Benzene, xylene, toluene, and some chlorinated compounds are among the contaminants that this filter can eliminate.
The COVID-19 virus, according to some speculations, is airborne, which necessitates regulation of air quality in office spaces and manufacturing floors. Thus, demand for air purifiers has increased, providing growth opportunities to the industry partakers.
With respect to material type, North America activated carbon fiber market share from polyacrylonitrile (PAN) based segment is projected to record a CAGR of 6.8% through 2027, attributable to the product’s high carbon yield (up to 56%) and superior processing tolerance. More than 90% of the worldwide CF business is comprised of PAN precursors. Polyacrylonitrile (PAN)-based products are used in a variety of applications, including water filtration, catalysts, capacitors, and refrigeration.
Based on application spectrum, water treatment segment was worth USD 10 million in 2020 and is anticipated to account for significant market share over the coming years. Activated carbon is frequently utilized in large-scale water treatment projects, as well as in in-home water filters. It can remove a range of soluble organics, heavy metals, and certain inorganic compounds in municipal and industrial wastewater treatment facilities.
Activated carbon is often used in the treatment of landfill leachate. Water treatment’s popularity over the last decade can be credited to impending concerns about rapid industrialization and depleting water levels in major North American reservoirs.
Key players operating in North America activated carbon fiber market sphere are Evertech Envisafe Ecology Co. Ltd., Unitika Ltd., HP Materials Solutions Inc., Awa Paper & Technological Company Inc., Hangzhou Nature Technology Co. Ltd., Toyobo Co. Ltd., and Kuraray Co. Ltd.