Activated Carbon Market Worth USD 8,264.03 million by 2028 - COVID-19 Impact and Global Analysis by The Insight Partners

The global activated carbon market was valued at US$ 4,116.03 million in 2020 and is estimated to generate US$ 8,264.03 million by 2028, expanding at 9.6% CAGR during 2021-2028. Activated carbon is the adsorbent utilized in industries for the adsorption of organic and inorganic materials. It is majorly used in various applications, such as water treatment and food & beverages.

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Major key players covered in this report

Osaka Gas Chemical Co. Ltd
KURARAY CO., LTD
HAYCARB (PVT) LTD
KUREHA CORPORATION
CABOT CORPORATION
Activated Carbon Technologies Pty Ltd
Albemarle Corporation
CPL ACTIVATED CARBONS
JACOBI CARBONS GROUP
CALGON CARBON CORPORATION

The increasing application of activated carbon in the water treatment industry boosts the activated carbon market growth. It can be attributed to the growing demand for sustainable energy, as the urban wastewater treament plant results in the recovery of resources form the waste and leds to biomass energy formation form the sludge during clean water production. The rising use of activated carbon for water and air purification in developing regions, such as Asia Pacific, the Middle East & Africa, and South & Central America, created a huge impact on the market. The concept of wastewater treatment in these regions is aligned to reduce water scarcity and fulfill the requirement of water for daily needs.

Impact of COVID-19 Pandemic on Activated Carbon Market

Due to the COVID-19 pandemic, many industries, such as the chemical & materials, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The demand for activated carbon has decreased due to a decline in the growth of several industrial sectors. Many activated carbon production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the raw material prices of activated carbon.

The report segments of the activated carbon market are as follows:

By type, the global activated carbon market is segmented into powdered, granular, and pelletized & others. By application the market is segmented into water treatment, food & beverages, pharmaceutical, automotive, and others. By geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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