Press release
North America's Activated Carbon Market: Growth, Trends, and Industry Outlook
NORTH AMERICA ACTIVATED CARBON MARKET
This market encompassing The United States and Canada, is poised for significant expansion with a projected Compound Annual Growth Rate (CAGR) of 5.91% in revenue and an expected rise in volume. This market, driven by key players like Osaka Gas Co Ltd, Kuraray Co Ltd, Haycarb PLC, Cabot Corporation, Kureha Corporation, Donau Carbon GmbH, Oxbow Activated Carbon LLC, Silcarbon Atkivkohle GmbH, BASF SE, and Prominent Systems Inc.
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Activated carbon plays a pivotal role in various industries due to its exceptional adsorption properties. It finds extensive use in water treatment, air purification, gas purification, and diverse applications in sectors such as pharmaceuticals, food and beverages, automotive, and more. This versatile utility fuels its demand in North America.
Factors driving this growth include increasing concerns about environmental pollution, stringent regulations to control air and water quality, and the rising adoption of activated carbon in the pharmaceutical industry. The escalating awareness about water and air purification has significantly bolstered the market's growth prospects.
Furthermore, advancements in manufacturing processes and technology innovation are contributing to the market's expansion. The efforts made by major companies in research and development to enhance the efficiency and versatility of activated carbon products are key contributors to its growing market size and share in North America.
Since 2015, granular activated carbon adsorption techniques have also been used in the United States, mostly for the advanced or tertiary treatment of municipal and industrial wastewater. Over the next few years, there will likely be a major increase in the employment of these strategies.
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As environmental consciousness continues to rise, the demand for activated carbon in North America is anticipated to witness steady growth. This expansion, driven by technological advancements and the widening scope of applications, positions activated carbon as a vital element in addressing environmental challenges in the region.
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