Activated Carbon Fiber Market Size, Share & Trends Analysis Report By Type (PAN-based, Pitch-based, Cellulosic Fiber, Phenolic Resin), Application (Solvent Recovery, Air Purification, Water Treatment, Catalyst Carrier), By Region, And Segment Forecasts, 2025-2034

Report Id: 1626 Pages: 180 Last Updated: 03 July 2025 Format: PDF / PPT / Excel / Power BI
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Global Activated Carbon Fiber Market Size is valued at USD 420.4 Mn in 2024 and is predicted to reach USD 591.6 Mn by the year 2034 at a 3.6% CAGR during the forecast period for 2025-2034.

The market for high-performance adsorption and filtration materials derived from carbon fibers that have been treated to boost their adsorption capacity is known as the activated carbon fiber (ACF) market. The activated carbon fiber market expansion is expected to rise in the forthcoming years due to the increasing demand for high-performance filtration and adsorption materials in various industries, such as water treatment, air purification, and food and beverage. The activated carbon fiber market demand is also driven by the growth of the end-use industries, technological advancements, and increasing environmental concerns.

Activated Carbon Fiber Market

ACF is favored over traditional activated carbon due to its high surface area, good adsorption capacity, and low-pressure drop. Due to stringent government regulations and rising public awareness of health issues, ACF applications for water treatment will greatly increase demand. The development of innovative fibers and the application of ACF filters in new water purifiers are expected to accelerate the activated carbon fiber industry growth. However, high production costs and obstacles to environment-friendly production of ACF are some challenges that restrict the activated carbon fiber market growth.

Recent Developments:

  • In June 2020, Kuraray Co., Ltd. announced that its American subsidiary, Calgon Carbon Corporation (from now on, "Calgon Carbon"), had decided to increase production capacity at its Pearl River Plant in Mississippi, USA. This decision was made in response to the rising demand for activated carbon on a global scale.

Competitive Landscape:

Some of the activated carbon fiber market players are:

  • Toyobo Co., Ltd. (Japan)
  • Kuraray Co., Ltd. (Japan)
  • Unitika Ltd. (Japan)
  • Gun Ei Chemical Industry Co., Ltd. (Japan)
  • Evertech Envisafe Ecology Co., Ltd. (Taiwan)
  • AWA Paper & Technology Company, Inc (Japan)
  • Taiwan Carbon Technology Co., Ltd (Taiwan)
  • Daigas Group (Japan)
  • Auro Carbon & Chemicals (India)
  • Hangzhou Nature Technology Co.Ltd. (China)
  • Eurocarb Products Technology Co., Ltd (Taiwan)
  • Ceram=Materials (US)
  • HPMS Graphite (US
  • Balfour Beatty PLC 

Market Segmentation:

The activated carbon fiber market is segmented based on type and application. Based on type, the market is segmented as PAN-based, Pitch-based, cellulose fiber, phenolic Resin and others. By application, the market is segmented into solvent recovery, air purification, water treatment, catalyst carrier and others.

Based On Application, The Water Treatment Segment Is A Major Contributor To The Activated Carbon Fiber Market

The water treatment segment dominates the activated carbon fiber (ACF) market, and it is projected to expand. A possible method of treating sewage is the aerated bioreactor. Recently, concerns about activated carbon fibers (ACF), a biomembrane carrier used in wastewater disposal, have grown significantly. ACF made of high modulus polyacrylonitrile (PAN) is frequently utilized as a biomembrane carrier to discharge industrial organic wastewater treatment that is difficult to biodegrade. Using ACF filters in new water purifiers and creating novel fibers will contribute to expanding the activated carbon fiber market in the wastewater treatment industry. However, existing activated carbon fiber (ACF) water purifier filter elements could be more effective because of an unqualified pH increase.

Polyacrylonitrile (PAN) Segment Witnessed Growth At A Rapid Rate

The market for polyacrylonitrile (PAN)-based materials is expected to be worth over due to its favorable characteristics, such as quick pyrolysis, a higher melting point, and simple raw material accessibility. Additionally, the growing usage of PAN-based precursors in the ACF industry is expected to boost significantly segment expansion because of their high carbon yield and good tensile strength.

The Asia Pacific Activated Carbon Fiber Market Holds A Significant Revenue Share

APAC is anticipated to account for a sizeable portion of the global activated carbon fiber market in the upcoming years. APAC comprises the following nations: China, Japan, India, Indonesia, South Korea, and the rest of the region. The economic boom in the area, fueled by factors like the affordable supply of labor and materials as well as other advancements and new technology, can be linked to regional growth. In addition, the region is experiencing significant air pollution brought on by the presence of several manufacturing facilities in China and Japan, which has a detrimental effect on human health by increasing the risk of illnesses like bronchitis and asthma, among others. These elements are thus driving the regional market's upward trend. Moreover, the North America activated carbon fiber market is expected to record the highest market share in revenue shortly.

The demand for activated carbon fiber in North America is anticipated to gain more market share. Throughout the analysis, it is anticipated that the expansion of the local chemical sector will be the primary driver of ACF use. The expanding domestic petroleum industry and the rising demand for chemical and solvent recovery equipment are projected to propel regional market statistics further.

Activated Carbon Fiber Market Report Scope:

Report Attribute Specifications
Market size value in 2024 USD 420.4 Mn 
Revenue forecast in 2034 USD 591.6 Mn
Growth rate CAGR CAGR of 3.6% from 2025 to 2034
Quantitative units Representation of revenue in US$ Mn, Volume (KT), and CAGR from 2025 to 2034
Historic Year 2021 to 2024
Forecast Year 2025-2034
Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments covered Type And Application
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia
Competitive Landscape Toyobo Co., Ltd. (Japan), Kuraray Co., Ltd. (Japan), Unitika Ltd. (Japan), Gun Ei Chemical Industry Co., Ltd. (Japan), Evertech Envisafe Ecology Co., Ltd. (Taiwan), AWA Paper & Technology Company, Inc (Japan), Taiwan Carbon Technology Co., Ltd (Taiwan), Daigas Group (Japan), Auro Carbon & Chemicals (India), Hangzhou Nature Technology Co.Ltd. (China), Eurocarb Products Technology Co., Ltd (Taiwan), Ceram=Materials (US), and HPMS Graphite (US).
Customization scope Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.
Pricing and available payment methods Explore pricing alternatives that are customized to your particular study requirements.

Segmentation of Activated Carbon Fiber Market-

Activated Carbon Fiber Market By Type-

  • PAN-based
  • Pitch-based
  • Cellulosic Fiber
  • Phenolic Resin
  • Others 

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Activated Carbon Fiber Market By Application-

  • Solvent Recovery
  • Air Purification
  • Water Treatment
  • Catalyst Carrier
  • Others

Activated Carbon Fiber Market By Region-

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Activated Carbon Fiber Market Size is valued at USD 420.4 Mn in 2024 and is predicted to reach USD 591.6 Mn by the year 2034

Activated Carbon Fiber Market expected to grow at a 3.6% CAGR during the forecast period for 2025-2034

Toyobo Co., Ltd. (Japan), Kuraray Co., Ltd. (Japan), Unitika Ltd. (Japan), Gun Ei Chemical Industry Co., Ltd. (Japan), Evertech Envisafe Ecology Co.

Type and Application are the key segments of the Activated Carbon Fiber Market.

Asia Pacific Region is leading the Activated Carbon Fiber Market.
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