Activated Carbon Market Size in 2023 To 2028 | Kuraray Co., Ltd.(Japan), Osaka Gas Chemicals Co. Ltd. (Japan), HaycarbPvt. Ltd.(Sri Lanka), Norit (Netherlands), and Kureha Corporation (Japan)

"Rising demands for pure water & air, increasing concern about the environment pollution, cleanliness, and growing food & beverage, automotive industry are fuelling the growth of the activated carbon market."

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7062417

Companies Covered: Kuraray Co., Ltd.(Japan), Osaka Gas Chemicals Co. Ltd. (Japan), HaycarbPvt. Ltd.(Sri Lanka), Norit (Netherlands), and Kureha Corporation (Japan), BASF SE (Germany), Albemarle Inc. (US), Ingevity (US), Iluka Resources Limited (Australia), Tronox Holdings Plc (US), Evoqua Water Technologies LLC (US), and others.

The activated carbon market size is estimated to be USD 4.4 billion in 2023, and it is projected to reach USD 7.0 billion by 2028 at a CAGR of 9.5%. Out of three types of activated carbon (Powdered Activated Carbon, Granular Activated Carbon, and Others).Powdered Activated Carbon has the largest market share because it has a relatively smaller particle size than granular activated carbon and presents a large surface-to-volume ratio. This property helps to use it effectively for wastewater treatment. It also has a low initial cost, and its dosage can be adjusted based on changing contaminant levels, which makes it beneficial for water purification and also helps to drive the market of activated carbon during the forecast period.

By Type, Granular Activated Carbon accounted for the second highest CAGR during the forecast period.

Granular activated carbon (GAC) is a form of activated carbon that is made by crushing or grinding carbon-containing materials, such as coconut shells, wood, or coal, into small granules. The granules are then activated by heating them in the presence of a gas that causes the carbon to develop a network of pores and increase its surface area. This process creates a highly porous material with a large surface area, which makes it effective for adsorbing impurities and contaminants from water and air. This makes it effective to use for water purification, air purification, etc. Hence this also helps in driving the market of activated carbon during the forecast period.

By Application, Liquid Phase Application segment accounted for the second-highest CAGR during the forecast period

Activated carbon is commonly used in liquid phase applications for purification, filtration, and adsorption of impurities from liquids. Activated carbon has a high surface area and pore volume, which allows it to effectively adsorb a wide range of contaminants from water, beverages, chemicals, and pharmaceuticals. It is also commonly used in the treatment of wastewater and for the removal of organic compounds and pollutants from industrial effluents. Hence, rising demand for activated carbon from several end-use industries such as water treatment, food & beverages, etc, is expected to support the growth of the market during the forecast period.

By End-Use Industry, automotive segment accounted for the second-highest CAGR during the forecast period

Activated carbon has several uses in the automotive industry such as air purification, emissions control, fuel storage, odor control, and many more. Governments of several countries have introduced stringent emissions norms to control environmental pollution, which may rises the demand for activated carbon in the automotive industry during the forecast period.

By Raw Material, wood segment accounted for the second-highest CAGR during the forecast period

Wood-based activated carbon is a type of activated carbon that is produced from wood through a process of activation. Wood-based activated carbon is made by heating wood to high temperatures in the presence of a gas, such as carbon dioxide or steam. This process, known as activation, creates millions of tiny pores in the wood, which greatly increases its surface area and makes it highly adsorbent. Wood-based activated carbon has a wide range of applications, including the purification of water and air, the removal of impurities from industrial processes, and as a catalyst in chemical reactions. This helps in supporting the growth of activated carbon during the forecast period.

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=7062417

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The market study covers the Activated Carbon market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on application, end-use, raw material, type, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the Activated Carbon market.

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall Activated Carbon market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities. Moreover, the report provides insights on the following pointers:

This release was published on openPR.