Global Activated Carbon Fiber (ACF) Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

Summary

Activated carbon fiber is a type of carbonated fiber that is made of cellulosic, PAN, phenolic, and pitch fibers, and it is new type advanced material which is different from granular or powder activated carbon.

ACF's diameter is approximately 5 to 30 μm which is very fine compared to granular activated carbon (grain diameter 500 to 5000 μm), and it has larger surface area. Since ACF's pore diameter is approximately 15 to 20Å and most of pores are micro pores, the speed of adsorption and desorption is fast. Moreover, it has excellent for adsorption in low concentration.

According to APO Research, The global Activated Carbon Fiber (ACF) market is projected to grow from US$ million in 2025 to US$ million by 2031, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Activated Carbon Fiber (ACF) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Activated Carbon Fiber (ACF) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The China market for Activated Carbon Fiber (ACF) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Activated Carbon Fiber (ACF) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Activated Carbon Fiber (ACF) include Toyobo, Kuraray, Unitika, Gunei Chem, Evertech Envisafe Ecology, Taiwan Carbon Technology, Awa Paper, HP Materials Solutions and Sutong Carbon Fiber, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Activated Carbon Fiber (ACF) production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.

In terms of consumption side, this report focuses on the sales of Activated Carbon Fiber (ACF) by region (region level and country level), by company, by type and by application. from 2020 to 2025 and forecast to 2031.

This report presents an overview of global market for Activated Carbon Fiber (ACF), capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Activated Carbon Fiber (ACF), also provides the consumption of main regions and countries. Of the upcoming market potential for Activated Carbon Fiber (ACF), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Activated Carbon Fiber (ACF) sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Activated Carbon Fiber (ACF) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Activated Carbon Fiber (ACF) sales, projected growth trends, production technology, application and end-user industry.

Activated Carbon Fiber (ACF) Segment by Company

Toyobo
Kuraray
Unitika
Gunei Chem
Evertech Envisafe Ecology
Taiwan Carbon Technology
Awa Paper
HP Materials Solutions
Sutong Carbon Fiber
Jiangsu Tongkang
Anhui Jialiqi
Nantong Senyou
Kejing Carbon Fiber
Nantong Beierge
Nantong Yongtong
Xintong ACF
Hailan Filtration Tech
Sinocarb Carbon Fibers
Nantong Jinheng
Zichuan Carbon Fiber

Activated Carbon Fiber (ACF) Segment by Type

Pitch Based
Viscose Staple Based
Cellulosic Fiber
Phenolic Resin
Other ACF

Activated Carbon Fiber (ACF) Segment by Application

Solvent Recovery
Air Purification
Water Treatment
Catalyst Carrier
Others

Activated Carbon Fiber (ACF) Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Activated Carbon Fiber (ACF) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Activated Carbon Fiber (ACF) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Activated Carbon Fiber (ACF).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Activated Carbon Fiber (ACF) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2020-2031).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Activated Carbon Fiber (ACF) industry.
Chapter 3: Detailed analysis of Activated Carbon Fiber (ACF) market competition landscape. Including Activated Carbon Fiber (ACF) manufacturers' output value, output and average price from 2020 to 2025, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Activated Carbon Fiber (ACF) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Activated Carbon Fiber (ACF) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.

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1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Activated Carbon Fiber (ACF) Production Value Estimates and Forecasts (2020-2031)
1.2.2 Global Activated Carbon Fiber (ACF) Production Capacity Estimates and Forecasts (2020-2031)
1.2.3 Global Activated Carbon Fiber (ACF) Production Estimates and Forecasts (2020-2031)
1.2.4 Global Activated Carbon Fiber (ACF) Market Average Price (2020-2031)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Global Activated Carbon Fiber (ACF) Market Dynamics
2.1 Activated Carbon Fiber (ACF) Industry Trends
2.2 Activated Carbon Fiber (ACF) Industry Drivers
2.3 Activated Carbon Fiber (ACF) Industry Opportunities and Challenges
2.4 Activated Carbon Fiber (ACF) Industry Restraints
3 Activated Carbon Fiber (ACF) Market by Manufacturers
3.1 Global Activated Carbon Fiber (ACF) Production Value by Manufacturers (2020-2025)
3.2 Global Activated Carbon Fiber (ACF) Production by Manufacturers (2020-2025)
3.3 Global Activated Carbon Fiber (ACF) Average Price by Manufacturers (2020-2025)
3.4 Global Activated Carbon Fiber (ACF) Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Activated Carbon Fiber (ACF) Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Activated Carbon Fiber (ACF) Manufacturers, Product Type & Application
3.7 Global Activated Carbon Fiber (ACF) Manufacturers Established Date
3.8 Market Competitive Analysis
3.8.1 Global Activated Carbon Fiber (ACF) Market CR5 and HHI
3.8.2 Global Top 5 and 10 Activated Carbon Fiber (ACF) Players Market Share by Production Value in 2024
3.8.3 2024 Activated Carbon Fiber (ACF) Tier 1, Tier 2, and Tier 3
4 Activated Carbon Fiber (ACF) Market by Type
4.1 Activated Carbon Fiber (ACF) Type Introduction
4.1.1 Pitch Based
4.1.2 Viscose Staple Based
4.1.3 Cellulosic Fiber
4.1.4 Phenolic Resin
4.1.5 Other ACF
4.2 Global Activated Carbon Fiber (ACF) Production by Type
4.2.1 Global Activated Carbon Fiber (ACF) Production by Type (2020 VS 2024 VS 2031)
4.2.2 Global Activated Carbon Fiber (ACF) Production by Type (2020-2031)
4.2.3 Global Activated Carbon Fiber (ACF) Production Market Share by Type (2020-2031)
4.3 Global Activated Carbon Fiber (ACF) Production Value by Type
4.3.1 Global Activated Carbon Fiber (ACF) Production Value by Type (2020 VS 2024 VS 2031)
4.3.2 Global Activated Carbon Fiber (ACF) Production Value by Type (2020-2031)
4.3.3 Global Activated Carbon Fiber (ACF) Production Value Market Share by Type (2020-2031)
5 Activated Carbon Fiber (ACF) Market by Application
5.1 Activated Carbon Fiber (ACF) Application Introduction
5.1.1 Solvent Recovery
5.1.2 Air Purification
5.1.3 Water Treatment
5.1.4 Catalyst Carrier
5.1.5 Others
5.2 Global Activated Carbon Fiber (ACF) Production by Application
5.2.1 Global Activated Carbon Fiber (ACF) Production by Application (2020 VS 2024 VS 2031)
5.2.2 Global Activated Carbon Fiber (ACF) Production by Application (2020-2031)
5.2.3 Global Activated Carbon Fiber (ACF) Production Market Share by Application (2020-2031)
5.3 Global Activated Carbon Fiber (ACF) Production Value by Application
5.3.1 Global Activated Carbon Fiber (ACF) Production Value by Application (2020 VS 2024 VS 2031)
5.3.2 Global Activated Carbon Fiber (ACF) Production Value by Application (2020-2031)
5.3.3 Global Activated Carbon Fiber (ACF) Production Value Market Share by Application (2020-2031)
6 Company Profiles
6.1 Toyobo
6.1.1 Toyobo Comapny Information
6.1.2 Toyobo Business Overview
6.1.3 Toyobo Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.1.4 Toyobo Activated Carbon Fiber (ACF) Product Portfolio
6.1.5 Toyobo Recent Developments
6.2 Kuraray
6.2.1 Kuraray Comapny Information
6.2.2 Kuraray Business Overview
6.2.3 Kuraray Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.2.4 Kuraray Activated Carbon Fiber (ACF) Product Portfolio
6.2.5 Kuraray Recent Developments
6.3 Unitika
6.3.1 Unitika Comapny Information
6.3.2 Unitika Business Overview
6.3.3 Unitika Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.3.4 Unitika Activated Carbon Fiber (ACF) Product Portfolio
6.3.5 Unitika Recent Developments
6.4 Gunei Chem
6.4.1 Gunei Chem Comapny Information
6.4.2 Gunei Chem Business Overview
6.4.3 Gunei Chem Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.4.4 Gunei Chem Activated Carbon Fiber (ACF) Product Portfolio
6.4.5 Gunei Chem Recent Developments
6.5 Evertech Envisafe Ecology
6.5.1 Evertech Envisafe Ecology Comapny Information
6.5.2 Evertech Envisafe Ecology Business Overview
6.5.3 Evertech Envisafe Ecology Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.5.4 Evertech Envisafe Ecology Activated Carbon Fiber (ACF) Product Portfolio
6.5.5 Evertech Envisafe Ecology Recent Developments
6.6 Taiwan Carbon Technology
6.6.1 Taiwan Carbon Technology Comapny Information
6.6.2 Taiwan Carbon Technology Business Overview
6.6.3 Taiwan Carbon Technology Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.6.4 Taiwan Carbon Technology Activated Carbon Fiber (ACF) Product Portfolio
6.6.5 Taiwan Carbon Technology Recent Developments
6.7 Awa Paper
6.7.1 Awa Paper Comapny Information
6.7.2 Awa Paper Business Overview
6.7.3 Awa Paper Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.7.4 Awa Paper Activated Carbon Fiber (ACF) Product Portfolio
6.7.5 Awa Paper Recent Developments
6.8 HP Materials Solutions
6.8.1 HP Materials Solutions Comapny Information
6.8.2 HP Materials Solutions Business Overview
6.8.3 HP Materials Solutions Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.8.4 HP Materials Solutions Activated Carbon Fiber (ACF) Product Portfolio
6.8.5 HP Materials Solutions Recent Developments
6.9 Sutong Carbon Fiber
6.9.1 Sutong Carbon Fiber Comapny Information
6.9.2 Sutong Carbon Fiber Business Overview
6.9.3 Sutong Carbon Fiber Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.9.4 Sutong Carbon Fiber Activated Carbon Fiber (ACF) Product Portfolio
6.9.5 Sutong Carbon Fiber Recent Developments
6.10 Jiangsu Tongkang
6.10.1 Jiangsu Tongkang Comapny Information
6.10.2 Jiangsu Tongkang Business Overview
6.10.3 Jiangsu Tongkang Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.10.4 Jiangsu Tongkang Activated Carbon Fiber (ACF) Product Portfolio
6.10.5 Jiangsu Tongkang Recent Developments
6.11 Anhui Jialiqi
6.11.1 Anhui Jialiqi Comapny Information
6.11.2 Anhui Jialiqi Business Overview
6.11.3 Anhui Jialiqi Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.11.4 Anhui Jialiqi Activated Carbon Fiber (ACF) Product Portfolio
6.11.5 Anhui Jialiqi Recent Developments
6.12 Nantong Senyou
6.12.1 Nantong Senyou Comapny Information
6.12.2 Nantong Senyou Business Overview
6.12.3 Nantong Senyou Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.12.4 Nantong Senyou Activated Carbon Fiber (ACF) Product Portfolio
6.12.5 Nantong Senyou Recent Developments
6.13 Kejing Carbon Fiber
6.13.1 Kejing Carbon Fiber Comapny Information
6.13.2 Kejing Carbon Fiber Business Overview
6.13.3 Kejing Carbon Fiber Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.13.4 Kejing Carbon Fiber Activated Carbon Fiber (ACF) Product Portfolio
6.13.5 Kejing Carbon Fiber Recent Developments
6.14 Nantong Beierge
6.14.1 Nantong Beierge Comapny Information
6.14.2 Nantong Beierge Business Overview
6.14.3 Nantong Beierge Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.14.4 Nantong Beierge Activated Carbon Fiber (ACF) Product Portfolio
6.14.5 Nantong Beierge Recent Developments
6.15 Nantong Yongtong
6.15.1 Nantong Yongtong Comapny Information
6.15.2 Nantong Yongtong Business Overview
6.15.3 Nantong Yongtong Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.15.4 Nantong Yongtong Activated Carbon Fiber (ACF) Product Portfolio
6.15.5 Nantong Yongtong Recent Developments
6.16 Xintong ACF
6.16.1 Xintong ACF Comapny Information
6.16.2 Xintong ACF Business Overview
6.16.3 Xintong ACF Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.16.4 Xintong ACF Activated Carbon Fiber (ACF) Product Portfolio
6.16.5 Xintong ACF Recent Developments
6.17 Hailan Filtration Tech
6.17.1 Hailan Filtration Tech Comapny Information
6.17.2 Hailan Filtration Tech Business Overview
6.17.3 Hailan Filtration Tech Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.17.4 Hailan Filtration Tech Activated Carbon Fiber (ACF) Product Portfolio
6.17.5 Hailan Filtration Tech Recent Developments
6.18 Sinocarb Carbon Fibers
6.18.1 Sinocarb Carbon Fibers Comapny Information
6.18.2 Sinocarb Carbon Fibers Business Overview
6.18.3 Sinocarb Carbon Fibers Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.18.4 Sinocarb Carbon Fibers Activated Carbon Fiber (ACF) Product Portfolio
6.18.5 Sinocarb Carbon Fibers Recent Developments
6.19 Nantong Jinheng
6.19.1 Nantong Jinheng Comapny Information
6.19.2 Nantong Jinheng Business Overview
6.19.3 Nantong Jinheng Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.19.4 Nantong Jinheng Activated Carbon Fiber (ACF) Product Portfolio
6.19.5 Nantong Jinheng Recent Developments
6.20 Zichuan Carbon Fiber
6.20.1 Zichuan Carbon Fiber Comapny Information
6.20.2 Zichuan Carbon Fiber Business Overview
6.20.3 Zichuan Carbon Fiber Activated Carbon Fiber (ACF) Production, Value and Gross Margin (2020-2025)
6.20.4 Zichuan Carbon Fiber Activated Carbon Fiber (ACF) Product Portfolio
6.20.5 Zichuan Carbon Fiber Recent Developments
7 Global Activated Carbon Fiber (ACF) Production by Region
7.1 Global Activated Carbon Fiber (ACF) Production by Region: 2020 VS 2024 VS 2031
7.2 Global Activated Carbon Fiber (ACF) Production by Region (2020-2031)
7.2.1 Global Activated Carbon Fiber (ACF) Production by Region: 2020-2025
7.2.2 Global Activated Carbon Fiber (ACF) Production Forecast by Region: 2026-2031
7.3 Global Activated Carbon Fiber (ACF) Production by Region: 2020 VS 2024 VS 2031
7.4 Global Activated Carbon Fiber (ACF) Production Value by Region (2020-2031)
7.4.1 Global Activated Carbon Fiber (ACF) Production Value by Region: 2020-2025
7.4.2 Global Activated Carbon Fiber (ACF) Production Value by Region (2026-2031)
7.5 Global Activated Carbon Fiber (ACF) Market Price Analysis by Region (2020-2031)
7.6 Regional Production Value Trends (2020-2031)
7.6.1 North America Activated Carbon Fiber (ACF) Production Value (2020-2031)
7.6.2 Europe Activated Carbon Fiber (ACF) Production Value (2020-2031)
7.6.3 Asia-Pacific Activated Carbon Fiber (ACF) Production Value (2020-2031)
7.6.4 South America Activated Carbon Fiber (ACF) Production Value (2020-2031)
7.6.5 Middle East & Africa Activated Carbon Fiber (ACF) Production Value (2020-2031)
8 Global Activated Carbon Fiber (ACF) Consumption by Region
8.1 Global Activated Carbon Fiber (ACF) Consumption by Region: 2020 VS 2024 VS 2031
8.2 Global Activated Carbon Fiber (ACF) Consumption by Region (2020-2031)
8.2.1 Global Activated Carbon Fiber (ACF) Consumption by Region (2020-2025)
8.2.2 Global Activated Carbon Fiber (ACF) Consumption by Region (2026-2031)
8.3 North America
8.3.1 North America Activated Carbon Fiber (ACF) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.3.2 North America Activated Carbon Fiber (ACF) Consumption by Country (2020-2031)
8.3.3 U.S.
8.3.4 Canada
8.3.5 Mexico
8.4 Europe
8.4.1 Europe Activated Carbon Fiber (ACF) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.4.2 Europe Activated Carbon Fiber (ACF) Consumption by Country (2020-2031)
8.4.3 Germany
8.4.4 France
8.4.5 U.K.
8.4.6 Italy
8.4.7 Netherlands
8.5 Asia Pacific
8.5.1 Asia Pacific Activated Carbon Fiber (ACF) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.5.2 Asia Pacific Activated Carbon Fiber (ACF) Consumption by Country (2020-2031)
8.5.3 China
8.5.4 Japan
8.5.5 South Korea
8.5.6 Southeast Asia
8.5.7 India
8.5.8 Australia
8.6 South America
8.6.1 South America Activated Carbon Fiber (ACF) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.6.2 South America Activated Carbon Fiber (ACF) Consumption by Country (2020-2031)
8.6.3 Brazil
8.6.4 Argentina
8.6.5 Chile
8.6.6 Colombia
8.7 Middle East & Africa
8.7.1 Middle East & Africa Activated Carbon Fiber (ACF) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.7.2 Middle East & Africa Activated Carbon Fiber (ACF) Consumption by Country (2020-2031)
8.7.3 Egypt
8.7.4 South Africa
8.7.5 Israel
8.7.6 Türkiye
8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
9.1 Activated Carbon Fiber (ACF) Value Chain Analysis
9.1.1 Activated Carbon Fiber (ACF) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Activated Carbon Fiber (ACF) Production Mode & Process
9.2 Activated Carbon Fiber (ACF) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Activated Carbon Fiber (ACF) Distributors
9.2.3 Activated Carbon Fiber (ACF) Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer

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