According to the 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 MarketStudyReport, North America activated carbon fiber market is expected to reach a valuation of USD 530 million by the year 2027.
 

Rapid industrialization and increasing depletion of water has augmented the demand for water treatment solutions, which in turn is one of the key factors for the growth of North America activated carbon fiber market.
 

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It is worth noting here that activated carbon is extensively used during the treatment of landfill leachate. North America’s air quality is known to be deteriorating at an alarming rate owing to growing pollution levels and increasing number of automobiles.
 

Even the outbreak of COVID-19 has propelled the need to manage air quality in manufacturing floors and office areas, which in turn is favoring the regional market scenario. Apart from this, high-quality activated carbon plays a key role during the gold extraction process, since it helps in reducing the fines and simultaneously increases gold recovery.
 

By material type, North America activated carbon fiber industry share from polyacrylonitrile (PAN)-based segment is predicted to expand at 6.8% CAGR through 2027. This can be attributed to its high carbon yield and exceptional processing tolerances.
 

Based on the application spectrum, the report cites that water treatment segment generated revenues worth USD 10 million in 2020 and is likely to maintain a similar growth trajectory during the study period. Growing popularity of activated carbon in municipal and industrial wastewater treatment facilities to eliminate soluble organics, inorganic compounds and heavy metals is fueling the overall segmental size.
 

From the geographical perspective, United States currently accounts for the largest market share and is expected to showcase continuous growth in the ensuing years. Growing demand for carbon fiber-based air filters over mechanical air purifiers to reduce VOCSs (volatile organic compounds and other gaseous contaminants from the air is facilitating the business scenario in the United States.
 

The competitive landscape of North America activated carbon fiber industry is defined by companies such as Hangzhou Nature Technology Co. Ltd., Evertech Envisafe Ecology Co. Ltd., Unitika Ltd., HP Materials Solutions Inc., Awa Paper & Technological Company Inc., Toyobo Co. Ltd., and Kuraray Co. Ltd.