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Activated carbon fibre is increasingly used in water purification operations because it has higher absorption abilities and rates for low-molecular-weight toxins. The substance can also be speedily replenished, which is another advantage driving the market's growth. The ever-increasing demand for freshwater, combined with its limited supply, has prompted wastewater disposal practices worldwide. This has been favouring the growth of the market. In addition, the discharge of municipal wastewater has a disastrous effect on the climate because of the toxic substances present in it, which severely affects the air quality. As a result, this trend is projected to contribute to lucrative opportunities on r account of growing market demand from various end-use industries in the forecast timeframe.
According to a new study published by the University of Washington in November 2021, researchers have created a new type of activated carbon fibre reinforced material that is as strong and light as traditionally used materials. The added advantage is that these materials have the ability to be repeatedly heated with reversing any fatigue damage. This characteristic allows a way to break it down and recycle it when it reaches the prime of its life. Thus, robust research and development (R&D) in the field of activated carbon fibres has been stimulating the growth of the market. The market growth can also be associated with the expansion strategies employed by leading market players like TOYOBO Co. Ltd (TYO: 3101) and Kuraray Co. Ltd (TYO: 3405), among others.
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The major players in the global market for activated carbon fibre are UNITIKA LTD., OJSC SvetlogorskKhimvolokno, TOYOBO Co., Ltd., Kuraray Co.Ltd., EVERTECH ENVISAFE ECOLOGY CO., LTD., and HPMS Graphite, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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