Activated Carbon Industry Market Global Production, Growth, Share, Demand and Applications Forecast to 2027 | Donau Carbon GmbH, Activated Carbon Technologies, Calgon Carbon Corporation, ETC

The growing incidence of industrialization globally, causing an increase in the need for clean drinking water coupled with increasing concern of air pollution, is driving the demand for the market.

Market Size – USD 5.49 billion in 2019, Market Growth - CAGR of 16.9%, Market Trends – High demand for the air and water purifiers that can remove or kill pathogens or other contagious diseases.

The Activated Carbon market is projected to reach USD 19.28 billion by 2027, according to a new report by Reports and Data. The market is expected to be powered by an increased prevalence of infectious pathogens, as well as increasing pollution levels in urban areas. Many of the variables projected to drive change are also improved working standards, increased disposable earnings, and enhanced health literacy. The increasing need for air and water pollution control equipment to be introduced is expected to raise the demand for air purifiers to kill airborne diseases and water treatment plants for the rise in demand for clean drinking water, especially in emerging regions. Growing understanding of health expects to make a significant contribution to growth, particularly among urban youth.

The study proves to be unique due to the inclusion of the effects and impacts of COID-19 on the market. The industries have been severely attacked and affected by the virus, and the report assesses the market, keeping in mind the aftereffects of the pandemic.

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Key participants include Donau Carbon GmbH; Activated Carbon Technologies; Calgon Carbon Corporation; Osaka Gas Chemicals Co. Ltd; Jacobi Carbons AB; Oxbow Activated Carbon; Kuraray Co., Ltd; Lenntech B.V.; Haycarb PLC; and Desotec Activated Carbon., among others.

For the purpose of this study, Reports and Data have segmented the activated carbon market on the basis of product type, application, end-users, and region:

Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Granular
Powder
Pellets
Bead
Polymer Coated
Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Liquid
Gaseous

End-Users Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Air-Purification
Water-Purification
Pharmaceutical
Food & Beverages
Automotive
Others

Regional segmentation:
Geographically, the leading regions for the 777 market are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report studies the market to deduce the predictive growth of these regional markets, along with the CAGR of the regions through the forecast period.

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Further key findings from the report suggest

The market is being propelled by the increasing demand for water and air purification, mercury removal factories, and industrialization

An air purifier from the company Blueair can prevent some airborne diseases by trapping and removing the flu viruses from the air. On account of the COVID-19 pandemic air purifiers that can palliate severe airborne contagions are expected to meet a substantial demand from the consumers, and many more product-based or consumer electronics companies would start investing in the R&D to invent newer technological breakthroughs.

Rising development and industrialization of government subsidies also propel the activated carbon market.

The growing competition in mercury control technology for industrial air purification applications is one of the main drivers for the market. Companies are embracing global development and advanced product manufacturing as their fundamental approach to competitiveness.

In recent years, all of the major market players have invested heavily in R&D initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.

In October 2019, Boston-based Cabot Corporation introduced its newest addition to the company's line-up of specialty materials, the ATHLOS carbon nanostructures. The innovation facilitates an excellent balancing of electromagnetic interference that can equip end-users to use and manage new-age plastic products and applications sustainably.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/activated-carbon-market

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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