Activated Carbon Market Precision Pathways Navigating the Importance of Market Segmentation

The global activated carbon market is projected to reach $5.8 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. The primary drivers of this growth include increasing awareness about the health risks associated with impure water, rising automotive production, and advancements in environmental and manufacturing standards worldwide. However, escalating raw material prices may pose a challenge to market growth.

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The liquid phase application segment held the largest market share in 2020, driven by the growing demand for wastewater treatment and portable water treatment solutions. On the other hand, the gaseous phase segment is expected to witness the fastest growth during the forecast period, fueled by its ability to adapt to rapid changes in leachate quality and quantity.

In terms of end-user industries, water treatment accounted for the largest market share in 2020, driven by concerns over water scarcity due to industrialization. Meanwhile, the automotive segment is expected to experience the highest growth rate, supported by the carbon lattice structure's efficacy in meeting emission regulations.

Regionally, the Asia-Pacific market dominated in 2020 and is projected to grow at the fastest rate during the forecast period. This growth can be attributed to the substantial demand for activated carbon in the automotive sector across developing economies in the region.

Key players in the industry include CLARINEX Group, Jacobi Carbons AB, Calgon Carbon Corporation, Carbon Activated Corp., Siemens Water Technologies Corp., Carbo Tech AC GmbH, Cabot Corporation, Kureha Corporation, Carbon Resources LLC, and ADA-ES, INC.

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