The Activated Carbon by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Activated Carbon, The activated carbon market size has grown rapidly in recent years. It will grow from $6.25 billion in 2023 to $7.17 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, scarcity of safe water and increased health consciousness.
The activated carbon market size is expected to see rapid growth in the next few years. It will grow to $12.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for clean water, rising urbanization, increasing water consumption, rising global population and supportive government initiatives for water management. Major trends in the forecast period include focus on innovations in high-flow carbon filter systems to strengthen product portfolio, focus on increasing investments to increase production capacities, focus on product innovations to attract more customers and focus on mergers and acquisitions to improve product portfolio and expand geographic presence in the market.
The growing demand for clean water is expected to drive the growth of the activated carbon market. Rapid urbanization and industrialization are surging demand for clean water and activated carbon, as activated carbon is a key ingredient in water purification. According to the United Nations World Water Development Report, nearly 6 billion people are expected to suffer from a lack of clean water by 2050. Therefore, the increasing need for clean water and clean water scarcity is expected to generate a high demand for activated carbon for water purification in the forecast period.
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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
Top Major Players:
Ingevity
Haycarb PLC
Kuraray Co. Ltd.
Daigas Group
Cabot Corporation
Asia-Pacific was the largest region in the activated carbon market in 2023.
Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The 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.
The activated carbon market report table of contents includes:
1. Executive Summary
2. Activated Carbon Market Characteristics
3. Activated Carbon Market Trends And Strategies
4. Activated Carbon Market – Macro Economic Scenario
5. Global Activated Carbon Market Size and Growth
…..
32. Global Activated Carbon Market Competitive Benchmarking
33. Global Activated Carbon Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Activated Carbon Market
35. Activated Carbon Market Future Outlook and Potential Analysis
36. Appendix
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