Activated Carbon Market Set to Reach USD 18.5 Billion by 2031, Says Transparency Market Research

The latest research study released by Transparency Market Research on "Activated Carbon Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Activated Carbon industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

The global activated carbon industry, valued at US$ 7.3 billion in 2022, is set to experience substantial growth, with a projected CAGR of 11.2% from 2023 to 2031. This surge is driven by increasing environmental consciousness, stringent air and water quality standards, and a rising demand for activated carbon in water and wastewater treatment. The market is expected to reach US$ 18.5 billion by the end of 2031, according to a comprehensive market analysis.

Get a Sample Copy of the Activated Carbon Market Research Report (Use Corporate Mail Id for Quick Response) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=114

"Connect with our team of research specialists and unlock the optimal solution for driving your business growth"

Environmental Concerns Driving Market Expansion

The global activated carbon market has witnessed significant growth due to a heightened focus on environmental issues and the implementation of rigorous air and water quality standards worldwide. Analysts attribute this growth to the surge in businesses in sectors such as chemicals, pharmaceuticals, and food processing, along with an increased adoption of activated carbon in water and wastewater treatment.

Water purification and air filtration applications, in particular, have gained popularity, highlighting the adaptability of activated carbon in diverse industries. With the world's growing population leading to an increased demand for clean drinking water, the use of activated carbon in municipal and industrial wastewater treatment systems has become essential. The material's ability to efficiently remove pollutants and impurities positions it as a key component in environmental and industrial processes.

Water and Wastewater Treatment Driving Demand

The rise in water pollution, driven by population growth, necessitates effective sewage and industrial effluent treatment. Activated carbon plays a crucial role in both municipal and industrial wastewater treatment, effectively removing contaminants and making water suitable for drinking and industrial use. Stringent government regulations globally mandate the removal of pollutants during water treatment, further boosting the demand for activated carbon.

One of the key advantages driving market demand is the reusability of activated carbon through regeneration. The material can be desorbed and reused multiple times, presenting economic and environmental advantages over acquiring virgin activated carbon.

Inquire more about this report before purchase - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=114

Air Purification as a Growth Driver

The increasing levels of air pollution, particularly in regions like India, where particulate matters exceed national standards, have led to a surge in demand for air purification solutions. Activated carbon, with its effectiveness in removing pollutants such as mercury, chlorine, and hydrogen sulfide, is widely used in air treatment and filtration processes.

Stringent regulations, such as the Clean Air Act in the United States, have mandated restrictions on mercury emissions, further boosting the demand for air purifying systems that utilize activated carbon. The global market for activated carbon is expected to benefit from the growing adoption of air purifiers, especially in regions experiencing high levels of air pollution.

The significant players operating in the global Activated Carbon market are

Cabot Corporation, Kuraray Co. Ltd., Osaka Gas Chemical Co. Ltd., Haycarb Pvt. Ltd., Kureha Corporation, Evoqua Water Technologies, Clarimex Group, Donau Chemie AG, Carbon Activated Corporation, General Carbon Corporation, Acuro Organics Limited, Indo German Carbon Ltd., TIGG LLC, Carbo Tech, TMK Carbon Sdn Bhd, and Javaindo Purestar Carbon

Market Segmentation -

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides revenue forecast data by type and by application segments based on value for the period 2023-2031.

Regional Outlook: Asia Pacific Dominates, North America and Europe Witness Growth

According to global activated carbon trends, Asia Pacific is the largest and most profitable market for activated carbon. The rapid expansion of industries in China, India, and Indonesia, coupled with the region's increasing demand for activated carbon, positions Asia Pacific as a key contributor to market growth. China, in particular, stands out as the world's largest producer and user of activated carbon.

North America and Europe are also poised for robust growth in the activated carbon market. In North America, the rise in pressure from regulatory bodies, such as the U.S. Environmental Protection Agency (EPA), to minimize mercury emissions is expected to drive market demand. Europe, on the other hand, benefits from strict government rules related to hazardous gas emissions and industrial water reuse.

Have Any Query? Ask To Analyst: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=114

Key Features of the Activated Carbon Market Report: -

➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

➤ Examine the market opportunities for stakeholders by identifying higher growth sections.

➤ To study and analyze the global Activated Carbon industry status and forecast including key regions.

➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

➤ It helps you make strategic business decisions and investment plans.

Research Methodology

The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as annual reports, and white papers have been used by data analysts for an insightful understanding of the market.

Reasons to Buy The Activated Carbon Market Report: -

1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

2.Reports provide opportunities and threats faced by suppliers in the Activated Carbon industry around the world.

The report shows regions and sectors with the fastest growth potential.

3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

5.This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

More Trending Reports by Transparency Market Research -

Ceramic Matrix Composites Market - https://www.globenewswire.com/fr/news-release/2018/11/05/1644838/0/en/Global-Ceramic-Matrix-Composites-Market-Will-Going-To-Be-Worth-US-6-5-Billion-by-2026-TMR.html

Extruded Plastics Market - https://www.globenewswire.com/en/news-release/2018/11/28/1658247/32656/en/Global-Extruded-Plastics-Market-to-Exhibit-a-Robust-6-CAGR-Major-Players-to-Cater-Demand-Deriving-from-Different-Sectors-says-TMR.html

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

This release was published on openPR.