North America Activated Carbon Fiber Market Size Insights Forecasts to 2032

• The North America Activated Carbon Fiber Market Size was valued at USD 504.8 Million in 2022.
• The Market is Growing at a CAGR of 5.3% from 2022 to 2032.
• The North America Activated Carbon Fiber Market Size is expected to reach USD 847.5 Million by 2032.
• Canada is expected to grow the fastest during the forecast period.

The North America Activated Carbon Fiber Market Size is expected to reach USD 847.5 Million by 2032, at a CAGR of 5.3% during the forecast period 2022 to 2032.

Market Overview

Activated carbon fibers (ACF) are an emerging yet essential fibrous carbon-based material due to the distinctive features they possess such as rigid form, high porosity, high volumetric capacity, excellent encapsulating concentration, fast retention kinetics, good porous storage capacity, and being extremely lightweight. North America's activated carbon fiber market is expected to be dominated by the United States. For example, to guarantee that wastewater can be reused, the United States government has strict laws and standards in place. Water shortages and severe regulations will drive market expansion in North America. In addition, because of its distinct properties and advantages over other carbon materials, activated carbon fiber is expected to emerge as a significant market in the rapidly developing fields of smart fabrics, energy storage, health care, water and air purification, and advanced equipment. Furthermore, recent technological advances in activated carbon fiber manufacturing are estimated to boost North America activated carbon fiber market expansion during the forecast period.

Report Coverage

This research report categorizes the market for North America Activated Carbon Fiber Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America Activated Carbon Fiber Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America Activated Carbon Fiber Market.

Driving Factors

The increase in demand for chemical and solvent extraction equipment in the region, along with a burgeoning energy sector, is expected to propel market expansion significantly. The United States is a major global user of activated carbon fiber products. In the region, activated carbon fiber products are primarily utilized for air purification and wastewater treatment operations. Additionally, the existence of various industry participants, as well as the extensive distribution system of several activated carbon fiber manufacturers throughout the region, contribute to the industry's advancement. Stringent requirements set by North American government agencies aimed at encouraging water treatment activities are likely to boost product demand. Furthermore, the region's increased demand for freshwater has prompted wastewater treatment activities, which will have a favorable impact on the North American activated carbon fiber market over the forecast period.

Restraining Factors

However, the manufacturing process of activated carbon is considerably higher in cost than that of other microporous materials, constraining the utilization of activated carbon fibers. In addition, unpredictable raw material prices and shifting foreign currency variations culminated in higher raw material prices and higher overall manufacturing costs.

Market Segment

• In 2022, the polyacrylonitrile (PAN) based segment accounted for the largest revenue share of more than 46.3% over the forecast period.

Based on the material, the North America Activated Carbon Fiber Market is segmented into cellulose-based, polyacrylonitrile (PAN) based, phenolic resin-based, pitch-based, and others. Among these, the polyacrylonitrile (PAN) based segment has the largest revenue share of 46.3% over the forecast period. PAN is a translucent thermoplastic synthetic polymer. Improved features of PAN-based products include strong tensile strength and increased carbon yield. Water filtration, capacitors, catalysts, and refrigeration are among the majority of the applications for polyacrylonitrile (PAN)-based products. The growing market for catalyst carriers, in conjunction with ongoing improvements in supercapacitor technologies, is expected to have an additional influence on material demand.

• In 2022, the water treatment segment accounted for the largest revenue share of more than 34.2% over the forecast period.

On the basis of application, the North America Activated Carbon Fiber Market is segmented into air purification, water treatment, chemical recovery, catalyst carrier, automotive, and others. Among these, the water treatment segment has the largest revenue share of 34.2% over the forecast period. Water filtration has employed the widespread use of activated carbon fibers. Because it is challenging to adequately eliminate pollutants in the water source using the typical drinking water purification procedure, the purity of drinking water has been more concerning. Water purification equipment that uses activated carbon fibers as the adsorption material has a wide range of applications because of its high purification efficiency, large treatment capacity, and lack of black powder production. Furthermore, increasing development and the depletion of water levels in key reservoirs in the region have pushed for water treatment facilities. As a result, the new technological innovation in the water treatment activity that employs activated carbon fibers will accelerate its rapid growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America Activated Carbon Fiber Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• HPMS Graphite
• Barentz
• MST, Inc.
• Cabot Corporation
• California Carbon Co., Inc.
• Carbon Activated Corp.
• Evoqua Water Technologies LLC
• Reynolds Culligan
• Kleen Industrial Services
• CarbUSA LLC
• Kuraray Co., Ltd.
• Metafin Supply Company
• Industrial Odor Control
• General Air Products, Inc.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• On March 2023, ITEHIL announced the availability of the RO Water Purifier, a ground-breaking revolutionary water purifier that combines the powerful purifying properties of reverse osmosis (RO) membranes and activated carbon to offer high-quality drinking water.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America Activated Carbon Fiber Market based on the below-mentioned segments:

North America Activated Carbon Fiber Market, By Material

• Cellulose Based
• Polyacrylonitrile (PAN) Based
• Phenolic Resin Based
• Pitch Based
• Others

North America Activated Carbon Fiber Market, By Application

• Air Purification
• Water Treatment
• Chemical Recovery
• Catalyst Carrier
• Automotive
• Others

North America Activated Carbon Fiber Market, By Country

• United States
• Canada
• Mexico