Market Insight-Global Activated Carbon Market Outlook 2021

Global Activated Carbon Market size was valued at $ 3263.23 million in 2021 and is expected to grow at a CAGR of 5-6% by 2027, reaching $ 4548.32 million in 2027, – Bossonresearch.com
Activated carbon, also known as activated charcoal, is used in various industrial applications that include gas and air cleaning involving reusable recovery. Growing environmental concerns and awareness have led to strict emissions guidelines. This, in turn, has encouraged several manufacturers to invest in developed technologies and advanced concepts for the use of the product in applications such as cleaning and air treatment. It is increasingly used for water treatment, including drinking water, service water, groundwater, and wastewater.

The primary role of the activated carbon is adsorption of dissolved organic impurities and elimination of substances that affect the odor and taste. The adoption of activated carbon injection (ACI) technology has provided cost-effective methods for the purification process. These methods are majorly used in cement kilns and power plants for reducing mercury emissions. Growing pollution on account of emissions caused during product manufacturing has been a significant factor driving the market.
According to Bosson Research, the Global Activated Carbon Market size was valued at $ 3263.23 million in 2021 and is expected to grow at a CAGR of 5-6% by 2027, reaching $ 4548.32 million in 2027.The product demand is increasing with the rising need for clean and safe potable water. The market's growth can be attributed to the product's properties, including the high surface area available for adsorption that easily removes impurities such as oils, microbes, odor & taste imparting substances, and chemicals. For example, Carbon Activated Corp. provides industrial solutions, municipal groundwater filter systems in the U.S. and VOC/siloxane removal systems in biogas engines all over Europe. An exponentially rising population is also leading to high consumer demand for freshwater, which has led to the increased consumption of water purification. Increasing levels of water pollution have compelled government authorities to implement stringent regulations on treating industrial wastewater. This has directed many industries such as pulp&paper, chemicals, and paints & dyes to incorporate water treatment units in their facilities, thereby increasing demand for charcoal to remove pollutants.

Competitive Landscape: Key Market Players to Strengthen their Position by Providing Solutions to Various Industries
Major producers such as Kuraray Co.,Ltd., and Cabot Corporation have a widespread presence around the globe. They offer various types of activated carbon products. Kuraray Co., Ltd., and Cabot Corporation used acquisition and new product development as their key strategies to increase their global presence and serve the customer demands in the market. These companies serve various end-use industries such as water treatment, pharmaceutical, oil & gas, and food & beverage.
Osaka Gas Chemicals Co., Ltd. develops and uses technologies to supply various products to meet consumer requirements. These include products with higher performance for special application in several industries such as air environment, water purification, food and beverages.
January 2019, Calgon Carbon Corporation announced the global price increase on all carbon products and other related equipment. This price increase is due to a continued boom in raw material prices and transportation expenditures. The price increase ranged between 10-15%, depending on the type of material, specific product, and global market dynamics.

Some of the companies that are profiled in this report are:
Kuraray
Osaka Gas Chemicals
YL
CABOT
Ingevity
Haycarb
JD
Shenhua Group
ADA-ES
Fujian Xinsen Carbon
MULINSEN ACTIVATED CARBON
Shanxi XinHua Chemical
Boyce Carbon
DESOTEC Activated Carbon
HuaHui-Carbon
ZHI XING
Silcarbon Aktivkohle GmbH
Jiangsu Zhuxi Activated Carbon
Inner Mongolia TaiXi Coal Group
Active Char Products
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Bosson Research (BSR) is a leading market research and consulting company, provides market intelligence, advisory service and market research reports for the automobile, electronics and semiconductor, and consumer good industry. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Bosson Research provides one-stop solution right from data collection to investment advice. The analysts at Bosson Research (BSR) dig out factors that help clients understand the significance and impact of market dynamics. Bosson Research (BSR) bring together the deepest intelligence across the widest set of capital-intensive industries and markets. By connecting data across variables, our analysts and industry specialists present our customers with a richer, highly integrated view of their world.
Contact US:
Tel: +86 400-166-9288
E-mail: sales@bossonresearch.com
URL: www.bossonresearch.com

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