Activated Carbon Market Size, Future Trends, Key Growth Drivers, Share Analysis And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Activated Carbon Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $12.29 billion In 2028 At A CAGR Of 14.4% :
The activated carbon market size has grown rapidly in recent years. It will grow from $6.25 billion in 2023 to $7.17 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, scarcity of safe water and increased health consciousness.

The activated carbon market size is expected to see rapid growth in the next few years. It will grow to $12.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for clean water, rising urbanization, increasing water consumption, rising global population and supportive government initiatives for water management. Major trends in the forecast period include focus on innovations in high-flow carbon filter systems to strengthen product portfolio, focus on increasing investments to increase production capacities, focus on product innovations to attract more customers and focus on mergers and acquisitions to improve product portfolio and expand geographic presence in the market.

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Activated Carbon Market Major Segments
The activated carbon market covered in this report is segmented -
1) By Type: Powdered Activated Carbon, Granular Activated Carbon, Extruded Or Pelletized Activated Carbon, Other Types
2) By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Other Applications
3) By End Use: Water Treatment, Food And Beverage Processing, Pharmaceutical And Medical, Automotive, Air Purification, Other End Users

Key Driver - Surging Demand For Clean Water Propels Growth In The Activated Carbon Market

The growing demand for clean water is expected to drive the growth of the activated carbon market. Rapid urbanization and industrialization are surging demand for clean water and activated carbon, as activated carbon is a key ingredient in water purification. According to the United Nations World Water Development Report, nearly 6 billion people are expected to suffer from a lack of clean water by 2050. Therefore, the increasing need for clean water and clean water scarcity is expected to generate a high demand for activated carbon for water purification in the forecast period.

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Prominent Trend - Rising Trend Of Technological Advancements And Innovative Product Development In The Activated Carbon Market

Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large-area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles. For instance, in January 2021, Tantech, a China-based company launched a variety of combination honeycomb activated carbon. Other innovative products include activated carbon masks by Sweden-based Jacobi Carbon, for clear air delivery. The mask uses activated carbon in combination with dust aerosol and other particulate matter filtration systems for cleaning the air and can also be used as a mask.

Activated Carbon Market Players
Major companies operating in the activated carbon market report are Ingevity, Haycarb PLC, Kuraray Co. Ltd, Daigas Group, Cabot Corporation, Calgon Carbon Corporation, Veolia, Kureha Corporation, Tronox Inc, Carbon Activated Corporation, Kalpaka Chemicals Pvt. Ltd, Jacobi Carbons India Pvt. Ltd, Boyce Carbon, Adsorbent Carbons Pvt. Ltd, Kalimati Carbon Pvt. Ltd, Chifeng Zhonglin Zhongtian Chemical Industry, Datong Coal Jinding Activated Carbon, Datong Locomotive Coal, Datong Municipal Yunguang Activated Carbon, Fujian Xinsen Carbon, Fujian Yuanli Active Carbon, Fujian Zhixing Activated Carbon, Donau Carbon GmbH & Co. KG, CarboTech AC GmbH, Evoqua Water Technologies GmbH, Carbo France, Eurocarb, LKAB Minerals, Sorbacal, Chemviron Carbon, Carbonactiv, Mako Industries, DILO Armaturen und Anlagen GmbH, Metrohm AG, Addfield Environmental Systems Limited, Technokomplex, California Carbon Co. Inc., Kleen Industrial Services, Pure Effect Inc., Carbon Supply Inc., Yardney Water Management Systems Inc., General Carbon Corporation, Birla Carbon, Esco's Nanocarb, ELGA Lab Water, Benchmark Technologies, ABP Chemical and Ventilation Engineering Ltd, Trietel, Jacobi's carbons, Toxsorb's MAC, CG Carbon, Tradeasia, CELAR Water Equipment Company, Rotocarb, Panthera, SNF, Nautilus Chemicals, Hive Carbon.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the activated carbon market in 2023. North America was the second largest market in the activated carbon market. The regions covered in the activated carbon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Activated Carbon Market Report Structure
3. Activated Carbon Market Trends And Strategies
4. Activated Carbon Market - Macro Economic Scenario
5. Activated Carbon Market Size And Growth
…..
27. Activated Carbon Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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