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 MarketStudyReport, Europe activated carbon fiber market is anticipated to exceed a valuation of USD 430.3 million by the end of forecast timespan 2021-2027.
 

Growing amount of wastewater, deteriorating air quality, and emission issues arising from expanding industrial activities have put a lot of strain on clean water sources which are majorly driving Europe activated carbon fiber market growth.
 

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The industry will also experience an upsurge in demand with growing development of effective wastewater treatment technologies, and imposition of stringent rules regarding treatment & disposal of industrial wastewater. Moreover, reduced access to drinking water and clean air is also promoting the adoption of air purification and wastewater treatment systems, thereby propelling the market development.
 

Speaking of the COVID-19 impact, Europe activated carbon fiber market witnessed several setbacks due to stringent restrictions, and lockdowns. However, the pandemic accelerated the demand for air purifiers like HEPA (High Efficiency Particulate Air) filters as the viral infection has been known to be airborne, which is, in turn, stimulating overall industry expansion.
 

Based on material, the industry is fragmented into cellulose, polyacrylonitrile (pan), phenolic resin, pitch, and others. Among these polyacrylonitrile (PAN) based activated carbon fiber segment currently holds 90% of overall production share, owing to its advantageous characteristics such as high carbon yield and superior thermal stability.
 

From a regional perspective, Germany market is slated to witness a remarkable CAGR over the forecast period, as the country has an excellent sustainable water management infrastructure that supports the conversion of contaminated water to drinkable water.
 

Considering the competitive landscape, companies such as OJSC "SvetlogorskKhimvolokno", Toyobo Co. Ltd., Kuraray Co. Ltd., Zoltek Corp., Jacobi Carbons AB (Osaka Gas Chemicals Co. Ltd.), and Mitsubishi Rayon Co. Ltd., are among the top contenders in the Europe activated carbon fiber market. Major organizations are boosting their R&D expenditure in order to learn more about potential applications of activated carbon fibers in many fields.