According to the research 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 Market Study Report, Europe activated carbon fiber market is projected to surpass a valuation of USD 430.3 million by the end of the forecast period.
 

As per the report findings, Europe activated carbon fiber industry is primarily driven by rising water and air pollution along with a subsequent spike in the demand for wastewater treatment demand for air and wastewater purification treatment facilities. Moreover, rapidly increasing industrial activities and stringent government regulations pertaining to disposable of wastewater are enhancing the industry’s remuneration prospects.  
 

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Elaborating on the Covid-19 impact, the pandemic has favored the industry development. With strict government restrictions confining people to their homes and virus being airborne to a certain extent, the demand for HEPA (High Efficiency Particulate Air)-based air purifiers, that leverage activated carbon to filter various kinds of dust, bacteria, pollen, and viruses, have drastically increased.
 

Based on material, cellulose-based, phenolic resin-based, polyacrylonitrile (PAN)-based, and pitch-based are the key segments covered in Europe activated carbon fiber market report. Among these, PAN-based segment is anticipated to witness an increased demand in the forthcoming years. High carbon output and superior thermal stability of the material in comparison to its counterparts are enhancing the product demand in ACF production.
 

The market is also studied from the perspective of application (air purification, chemical recovery, water treatment, catalyst carrier, others), and geography (U.K., Germany, France, Spain, Italy, Russia).
 

On the geographical front, Germany will continue to remain a lucrative growth avenue over the forecast duration as the country houses the largest sustainable water management system and wastewater treatment in Europe.
 

Speaking of the competitive landscape, Toyobo Co. Ltd., Kuraray Co. Ltd., Toray Group (Zoltek), Jacobi Carbons Group, and Mitsubishi Chemical Corp. are the top-tier players in Europe activated carbon fiber market sphere.
 

Industry players are amplifying their investments in research and development activities to discover the potential uses of ACFs in various areas to widen their application. Moreover, they are also focusing on efficient technologies for ACF production to improve their production capacity and subsequently grab a larger market share.