According to the research report titled ‘Asia Pacific Activated Carbon Fiber Market Forecast 2027 By Material Based, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific activated carbon fiber market is anticipated to be worth USD 381.4 million by the year 2027.

Report findings suggest that rising government investments in various water treatment projects, as well as increasing demand for drinking water from residential sector are the major growth determinants for Asia Pacific activated carbon fiber market.

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For the unversed, activated carbon fiber or ACF can remove contaminants from industrial and commercial waters, and they can also be utilized in home water storage systems. Earlier, granular activated carbon was widely employed by end-users, which is now taken over by ACF due to its superior intraparticle adsorption kinetics. When compared to other types of activated carbons, ACF provides a more consistent and homogeneous pore structure.

Furthermore, soaring environmental issues like water and air pollution because of the harmful emissions from the industries and the ability of ACF to remove pollutants from water and air are contributing towards market expansion.

In terms of application ambit, the air purification segment is anticipated to expand at a CAGR of 7.3% through 2027. The region is progressively becoming a manufacturing hub as a result of the tremendous increase in the number of corporations coming in to establish factories, which will lead to higher pollution and subsequently boost the demand for ACF for air purification.

Whereas catalyst carrier segment of Asia Pacific activated carbon fiber industry is slated to grow significantly over the forecast period, owing to the ability of ACF to operate as a better catalyst carrier due to its higher capacity and adsorption rate.

Based on material, the polyacrylonitrile (PAN) based segment accounted for 30.4% revenue share in 2020 and is poised to grow considerably in the coming years, due to the special properties of PAN like greater strength, better modulus of elasticity, higher thermal stability, and low density, which make it a desirable material for creating ACF.

Jiangsu Tongkang Activated Carbon Fiber Co. Ltd., Jiangsu Sutong Carbon Fiber Co. Ltd., Gun Ei Chemical Industry Co. Ltd., Unitika Ltd., Toyobo Co. Ltd., Osaka Gas Chemical Co. Ltd., MC Evolve Technologies Corporation, Kuraray Co. Ltd., Hangzhou Nature Technology Co. Ltd., Evertech Envisafe Ecology Co. Ltd., Anshan Sinocarb Carbon Fibers Co. Ltd., and Awa Paper & Technological Company Inc. are the leading players in Asia Pacific activated carbon fiber marketplace.