Activated Carbon Market Share 2022 Trend, Growth Strategies, Industry News, Top Key Players Analysis and Forecast to 2029

Activated Carbon Market Overview:

Activated carbon is carbon that has been processed to have small, low-volume pores to increase surface area for chemical reactions and adsorption. Organic material with a high carbon content is processed to produce activated carbon. The primary property of activated carbon is physical adsorption, which is useful for purification, decaffeination, metal finishing, medicine, filters, pollutant removal, and fuel storage. Activated carbon's liquid and gaseous phases improve its removal of lead, dissolved radon, mercury, and other odor-causing compounds.

The Global Activated Carbon Market was estimated at USD 4.77 Billion in 2020 and is expected to grow USD 10.44 Billion by 2029, with CAGR of 9.1% during the forecast period.

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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. Therefore, the increasing need for clean water and clean water scarcity is expected to generate high demand for activated carbon for water purification in the forecast period.

Activated Carbon Market Segmentation:

Activated Carbon Market by Product, 2020-2029, (USD Million) (Kilotons)

Powder
Granular

Activated Carbon Market by Application, 2020-2029, (USD Million) (Kilotons)

Liquid Phase
Gas Phase

Activated Carbon Market by End User, 2020-2029, (USD Million) (Kilotons)

Water Treatment
Food And Beverages
Pharmaceutical And Medical
Automotive
Air Purification

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Activated Carbon Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Cabot Corporation, Jacobi Carbons AB, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., Evoqua Water Technologies LLC, Haycarb Plc, Kureha Corporation, and Kuraray Co. Ltd and Others

Recent Developments

In November 2021, Cabot Corporation announced to sell its Purification Solutions business, including activated carbon business, to One Equity Partners, and the transaction is expected to complete by the end of the first quarter of 2022.
In February 2021, Ingevity Corporation announced that it had expanded its activated carbon production capacity following significant debottlenecking and equipment upgrades completed and verified in late December at its facility in Zhuhai, China.
In March 2021, IVERNA, a global provider in the urban sanitation sector, announced the launch of an improvised version of its already existing activated carbon filter known as "SUGARPOD PRO". The major function of this improvised product is to eliminate the negative effects of odours that come from sewage pumping stations, inspection chambers, and septic tanks.
In June 2020, Calgon Carbon Corporation announced that it intends to expand capacity at its Pearlington, Mississippi plant by adding a second virgin activated carbon production line. The estimated investment in the additional production line will be USD 185 million. Calgon Carbon's virgin granular activated carbon capacity will exceed 200 million pounds per year post-completion, which is estimated to be in late 2022.

Growth Factors:

Increasing demand from the Activated Carbon industries
The growing use of Activated Carbon in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Activated Carbon Market

Activated Carbon Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Activated Carbon Market Trends

- The report identifies, determines, and forecasts the Global Activated Carbon Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Activated Carbon Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Activated Carbon Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Activated Carbon Market.

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