Press release
Activated Carbon Market Valued at USD 10.44 Billion will Grow with a CAGR 9.1%, Size, Growth and Forecast to 2029
The global activated carbon market is projected to reach USD 10.44 Billion by 2029 from USD 4.77 Billion in 2022, at a CAGR of 9.1% from 2023 to 2029.The Latest Report Research Exactitude Consultancy published a report titled Activated Carbon Market which offers a detailed description of the market trends, growth drivers, opportunities, and the challenges associated with the growth of the market in the forthcoming years. The report gives an actionable market insight to the clients/vendors with which sustainable and profitable business strategies can be created. This Report Activated Carbon Market by researchers gives an insight into the trending modern situation and the future growth of the industry for the length of 2023-2029. This analysis can help you expand your business by targeting qualified niche markets.
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Increase in Usage of Activated Carbon in Water and Wastewater Treatment to Drive Global Market
Industrial and municipal wastewater contains impurities, which are divided into different pollutant groups (including dissolved and undissolved substances, easily degradable organic substances, persistent organic substances, plant nutrients, heavy metals, and salts). Sewage treatment aims to eliminate these undesired impurities and restore the natural water quality. Contaminations are usually pre-cleaned with other treatment processes such as flocculation, sedimentation, and/or biological treatment.
High Demand for Activated Carbon in Air Purification Propelling Activated Carbon Market
Activated carbon is largely used in air treatment or air filtration processes. Rise in industrialization and growth in number of coal-fired power plants are leading to an increase in air pollution. According to the World Health Organization (WHO), around 4.2 million people across the world die of air pollution every year. About 91% of the world's population lives in places where the quality of air is not good for health. This increases the need for purified air.
Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Activated Carbon market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Activated Carbon market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Activated Carbon market is 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.
Key Developments in Global Activated Carbon Market
General Carbon Corporation announced plans to build a new activated carbon manufacturing facility in the U.S. The new plant is expected to produce granular and pelletized activated carbon. This move is anticipated to help the company meet the rise in demand for activated carbon among customers across the globe.
Cabot Corporation announced that it had acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. The 50,000 metric ton plant is estimated to support Cabot Corporation's specialty carbons product line in the Purification Solutions segment. The acquisition would enable the company to increase its presence in the activated carbon market in Asia Pacific.
Activated Carbon Market Segmentation:
Activated Carbon Market by Product, 2023-2029, (USD Million) (Kilotons)
Powder
Granular
Activated Carbon Market by Application, 2023-2029, (USD Million) (Kilotons)
Liquid Phase
Gas Phase
Activated Carbon Market by End User, 2023-2029, (USD Million) (Kilotons)
Water Treatment
Food And Beverages
Pharmaceutical And Medical
Automotive
Air Purification
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Regional Framework
The Activated Carbon Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2022-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Activated Carbon market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
This Report Also Includes:
» Stratagem Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Activated Carbon Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Activated Carbon research report:
Underlying macro- and microeconomic factors impacting the Sales of Activated Carbon.
Basic overview of the Activated Carbon, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Smart PPE across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Activated Carbon market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Activated Carbon market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Activated Carbon market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Activated Carbon Market in the coming years?
✦ What are the most significant challenges that the global Activated Carbon Markets may face in the future?
✦ What are the top companies in the global Activated Carbon market?
✦ What are the main trends that are positively impacting the market's growth?
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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