According to the business intelligence report titled ‘Europe 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 MarketStudyReport, Europe activated carbon fiber market is anticipated to register a robust CAGR and amass a valuation of USD 430.3 million by 2027.

Increased level of air and water pollution due to an upsurge in industrial activities is a major factor aiding the augmentation in Europe activated carbon fiber market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4037691/   

Also, penetration of advanced wastewater treatment technologies, and stringent government rules and regulations regarding the disposal of industrial waste in Europe are favoring market expansion.

The onset of the Covid-19 pandemic has positively impacted growth dynamics of the industry due to an alarming rise in the number of positive cases and apparent awareness about the virus being airborne, which increased the demand for clean air to curb the spread of the virus, impelling the demand for HEPA (high efficiency particulate air) filters and activated carbon fibers.

Based on material, polyacrylonitrile (PAN) based activated carbon fiber market is expected to register a robust growth rate through the analysis period, attributable to several advantages including thermal stability in high temperatures as well as a greater carbon yield. These fibers are ultra-fine with superior tensile strength and has the ability to be used a excellent adsorbent for longer period.

Moving on to application spectrum, Europe activated carbon fiber industry share from the water treatment segment is anticipated to grow exponentially during the study period, ascribed to the imperative role of the product in removing impurities from water, thus reducing the risk of bacterial growth which is hazardous for public health.

Regionally, Germany is expected to account for a major chunk of overall market remuneration by the end of 2027, as the country is a home to the largest water treatment industry in the region, providing safe & drinkable water to the population, consequently impelling the product demand.

The competitive framework of this business landscape is majorly influenced by key players such as MMC Norilsk Nickel, Toyobo Co. Ltd., Kuraray Co. Ltd., Zoltek, Jacobi Carbons AB, and Mitsubishi Rayon Co. Ltd.