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The activated carbon market size has grown rapidly, ascending from $6.25 billion in 2023 to $7.17 billion in 2024, with a compound annual growth rate (CAGR) of 14.9%. The historic growth is attributed to robust economic growth in emerging markets, water scarcity, and increased health awareness. Looking ahead, the market is anticipated to witness rapid growth, reaching $12.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. This growth is driven by increasing demand for clean water, urbanization, rising water consumption, global population growth, and government initiatives for water management. Major trends include innovations in high-flow carbon filter systems, increased investments to enhance production capacities, product innovations, and mergers and acquisitions to expand geographic presence and product portfolio.

The activated carbon market is poised for growth, propelled by the escalating demand for clean water. The surging need for clean water is attributed to rapid urbanization and industrialization, where activated carbon plays a crucial role in water purification processes. According to the United Nations World Water Development Report, an alarming scenario is predicted, with nearly 6 billion people expected to face a lack of clean water by 2050. Consequently, the pressing demand for clean water and the scarcity of clean water resources are expected to fuel a substantial demand for activated carbon in water purification processes during the forecast period. The market sizes for 2023, 2024, and 2028 are pivotal in understanding the growth trajectory of the activated carbon market in this context.

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What Are The Key Trends That Influence Activated Carbon Market Share Analysis?

Strategic initiatives, including technological advancements and innovative product development, are increasingly popular in the activated carbon market. Companies are focusing on creating new products like honeycomb activated carbon, which is environmentally friendly and effective for large-area purification. For instance, in January 2021, Tantech, a China-based company, launched a range of combination honeycomb activated carbon products. Other innovations include activated carbon masks by Sweden-based Jacobi Carbon, which use activated carbon for air purification and dust filtration.

Which Market Players Are Driving Growth In The Activated Carbon Market?

Major companies operating in the market are Ingevity, Haycarb PLC, Kuraray Co. Ltd, Daigas Group, Cabot Corporation, Calgon Carbon Corporation, Veolia, Kureha Corporation, Tronox Inc, Carbon Activated Corporation, Kalpaka Chemicals Pvt. Ltd, Jacobi Carbons India Pvt. Ltd, Boyce Carbon, Adsorbent Carbons Pvt. Ltd, Kalimati Carbon Pvt. Ltd, Chifeng Zhonglin Zhongtian Chemical Industry, Datong Coal Jinding Activated Carbon, Datong Locomotive Coal, Datong Municipal Yunguang Activated Carbon, Fujian Xinsen Carbon, Fujian Yuanli Active Carbon, Fujian Zhixing Activated Carbon, Donau Carbon GmbH & Co. KG, CarboTech AC GmbH, Evoqua Water Technologies GmbH, Carbo France, Eurocarb, LKAB Minerals, Sorbacal, Chemviron Carbon, Carbonactiv, Mako Industries, DILO Armaturen und Anlagen GmbH, Metrohm AG, Addfield Environmental Systems Limited, Technokomplex, California Carbon Co. Inc., Kleen Industrial Services, Pure Effect Inc., Carbon Supply Inc., Yardney Water Management Systems Inc., General Carbon Corporation, Birla Carbon, Esco’s Nanocarb, ELGA Lab Water, Benchmark Technologies, ABP Chemical and Ventilation Engineering Ltd, Trietel, Jacobi’s carbons, Toxsorb’s MAC, CG Carbon, Tradeasia, CELAR Water Equipment Company, Rotocarb, Panthera, SNF, Nautilus Chemicals, Hive Carbon.

How Is The Global Activated Carbon Market Segmented?

The activated carbon market covered in this report is segmented –

1) By Type: Powdered Activated Carbon, Granular Activated Carbon, Extruded Or Pelletized Activated Carbon, Other Types
2) By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Other Applications
3) By End Use: Water Treatment, Food And Beverage Processing, Pharmaceutical And Medical, Automotive, Air Purification, Other End Users

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The Activated Carbon Global Market Report 2024 provides an overview of the activated carbonmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The activated carbon market forecast analyzes activated carbon market size, activated carbon market share, leading competitor and their market positions.

The Table Of Content For The Activated Carbon Market Include

1. Activated Carbon Market Executive Summary
2. Activated Carbon Market Segments
3. Activated Carbon Market Size And Template Market Growth Rate
4.  Key Activated Carbon Market Trends
5. Major Activated Carbon Market Drivers
……
25. Key Mergers And Acquisitions In The Activated Carbon Market
26. Top Activated Carbon Companies
27. Activated Carbon Market Opportunities And Strategies
28. Activated Carbon Market, Conclusions And Recommendations
29. Appendix

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