Global Activated Carbon Market is valued approximately at USD 7.69 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.54% over the forecast period 2021-2027. Activated carbon is processed carbon with small, low-volume pores to boom surface location for chemical reactions and adsorption. Physical adsorption is primary assets of activated carbon, which is useful for purification, decaffeination, metallic completing, remedy, filters and removal of pollutant and gasoline storage. Increasing utilization of activated charcoal carbon in water treatment, Stringent environmental regulations and Increasing awareness about health are the factors which are driving the growth of Activated Carbon market. Furthermore, new product developments and launches will be anticipating the growth of market in forecasted period. For instance: In February 2020, General Carbon Corporation has built a new activated carbon manufacturing facility unit in the United States. The new plant is expected to generate granular and pelletized activated carbon. This strategy is anticipated to help the company to compete the increasing demand for activated carbon among consumers across the world. However, Insufficiency of raw materials may impede market growth over the forecast period of 2021-2027.
Global Activated Carbon market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is a significant region across the world in terms of market share due to the demand for End-Use operations in the fields in the region. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increase in awareness about environment concerns in the region.
Major market player included in this report are:
Calgon Carbon Corporation
Osaka Gas Co. Ltd
Kuraray Chemical Co. Ltd
Donau Carbon GmbH
Silcarbon Aktivkohle GmbH
Oxbow Activated Carbon LLC
Evoqua Water Technologies LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Food & Beverage Processing
Pharmaceutical & Medical
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Activated Carbon Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers