The Global Activated Carbon Market Report By The Business Research Company Covers Activated Carbon Market’s Drivers And Restraints, Activated Carbon Market Size, Major Players, And The Impact Of COVID-19 On The Activated Carbon Market.
The activated carbon market consists of sales of activated carbon by entities (organizations, sole traders, and partnerships) that manufacture activated carbon. Activated carbon is used to purify gases and liquids in a variety of applications such as municipal drinking water, industrial pollution control, food and beverage processing, and odor removal. It also helps in de-colorization and solvent purification in industrial sectors such as chemical, petrochemical, mining, and automotive. Activated carbon is produced from carbonaceous sources such as nutshells, coal, coconut, wood, and peat.
The growing demand for clean water is expected to drive the growth of the activated carbon market.
The global activated carbon market is expected to grow from $4.47 billion in 2020 to $5.51 billion in 2021 at a compound annual growth rate (CAGR) of 23.3%. The growth is due to increasing demand from end-user industries like water purification, sewage treatment plants and air purification owing to stringent regulations by governments across the world to curb pollution and promote sustainability. The activated carbon market is expected to reach $8.49 billion in 2025 at a CAGR of 11.4%.
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Some activated carbon market trends include technological advancements and innovative product development. Companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles. For instance, in January 2021, Tantech, a China-based company launched a variety of combination honeycomb activated carbon. Other innovative products include activated carbon masks by Sweden based Jacobi Carbon, for clear air delivery. The mask uses activated carbon in combination with dust aerosol and other particulate matter filtration systems for cleaning the air and can also be used as a mask.
Global activated carbon market segments include:
By Type: Powdered Activated Carbon, Polymer Coated Activated Carbon, Granular Activated Carbon, Bead Activated Carbon, Extruded or Pelletized Activated Carbon, Others
By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Others
By End Use: Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global activated carbon market share.
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The Activated Carbon Global Market Report 2021: COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides activated carbon market overviews, analyzes and forecasts market size, share, activated carbon market players, activated carbon market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The activated carbon identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Activated Carbon Global Market Report 2021: COVID-19 Impact And Recovery from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Calgon Carbon Corporation, Haycarb PLC, Kureha Corporation, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Puragen LLC, Universal Carbons, Adsorbent Carbons, Shinkwang Chem Ind Co Ltd, Century Chemical Works Sdn Bhd, Kalimati Carbon Pvt Ltd, Puragen LLC, Universal Carbons, Oxbow Coal SARL, Adsorbent Carbon Private Ltd, Sunny Earth Minerals LTD, Capital Carbon, and EcoGreen Technological.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Activated Carbon Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Activated Carbon Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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