Market Size of Activated Carbon Fiber Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 414.13 Million |
| Market Size (2029) | USD 496.87 Million |
| CAGR (2024 - 2029) | 3.71 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Activated Carbon Fiber (ACF) Market Analysis
The Activated Carbon Fiber Market size is estimated at USD 414.13 million in 2024, and is expected to reach USD 496.87 million by 2029, growing at a CAGR of 3.71% during the forecast period (2024-2029).
During the COVID-19 pandemic in 2020, the market experienced a sharp decline in growth in output, sales, marketing, and distribution. The global shutdown has resulted in a series of market closures that have resulted in significant losses to many key industries. However, the market has recovered in the two years to post strong growth.
- Increasing environmental concerns related to air and water pollution, coupled with activated carbon fiber's superior properties in comparison to that of powdered activated carbons (PAC) and granular activated carbons (GAC), are expected to drive the demand for the market during the forecast period.
- Concerns related to its raw materials, such as that synthetic fiber, which is non-degradable and tends to bind with molecules of harmful chemical pollutants in wastewater, such as flame retardants and pesticides, are likely to hinder the market's growth.
- Rising demand from the protective clothing industry is projected to act as an opportunity for the market in the future.
- The North American region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
