Press release
Activated Carbon Market to Witness a Pronounce Growth During 2024 - 2031 | Carbon Activated Corporation, Jacobi Carbons Group
Activated Carbon Market
The activated carbon market is estimated to be valued at USD 4.83 Bn in 2024 and is expected to reach USD 9.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Market Dynamics:
The growth of the activated carbon market is driven by rising industrial applications of activated carbon and increasing demand from water and wastewater treatment plants. Activated carbon finds widespread usage as an adsorbent in gold and silver metal extraction from mines. It helps to adsorb and remove mercury from industrial flue gases. Growing global awareness about water purification is also propelling the market growth. Strict government regulations regarding industrial effluent discharge and clean drinking water are further bolstering the demand for activated carbon from water treatment sector.
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Activated Carbon Market Drivers: Rapid Industrialization Driving Sales in Developing Nations
The activated carbon market is also gaining traction due to rising industrialization in developing countries of Asia Pacific, Latin America, and Africa. Surging investments into infrastructure development, power generation, manufacturing, and mining activities in these regions have contributed to increased environmental pollution necessitating advanced liquid and gas filtration equipment that employ activated carbon. Additionally, expanding agricultural production and related industries have placed high demand for activated carbon from food processing facilities to remove color, odor, and toxic substances. Growing population coupled with improving economic conditions in emerging nations has augmented the need for purified water for domestic consumption also boosting the sales of activated carbon filters.
Activated Carbon Market Opportunity: Growing Carbon Dioxide Capture and Storage Industry Offering Lucrative Prospects
The rising adoption of carbon capture, utilization, and storage technologies for reducing greenhouse gas emissions presents huge growth opportunities for activated carbon suppliers. CCUS involves separating CO2 from flue gases or other emission sources before storing or reusing it, and activated carbon is commonly used as an adsorbent in this process due to its large surface area and adsorptive properties. Stringent regulations and carbon pricing mechanisms are driving the deployment of CCUS across power generation, industrial, and waste management sectors. Additionally, growing emphasis on developing carbon negative technologies to offset emissions through direct air capture using activated carbon will further boost demand. Emerging applications of captured CO2 such as utilization in enhanced oil recovery as well as production of value-added chemicals are expanding the scope of CCUS which is expected to create sustained opportunities for activated carbon providers over the coming years.
Activated Carbon Market Trend: Rising Production of Activated Carbon Fibers to Support New Application Areas
Recent advancements in production technologies have prompted manufacturers to increasingly focus on developing novel forms of activated carbon including activated carbon fibers, activated carbon fabrics, and activated carbon aerogels which exhibit superior adsorption capacities compared to traditional powdered variants. Activated carbon fibers have already found extensive usage in areas such as filters for air and water purification, wastewater treatment, and equipment for separation and recovery among others owing to their high surface area, small diameters, superior mechanical strengths. Going forward, their application landscape is expected to grow further with ongoing R&D into new end-use industries. The market is witnessing robust investments into optimized manufacturing of longer and thinner carbon fibers through modified precursor and activation processing to suit emerging applications across healthcare, biotechnology, sensors, catalyst supports and energy storage domains among others. This growing popularity of specialty activated carbon products is anticipated to open up novel revenue streams and drive significant shifts in product demographics over the coming years.
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Top Companies Featured in This Report:
★ Carbon Activated Corporation
★ Jacobi Carbons Group
★ Boyce Carbon
★ CarbPure Technologies
★ Cabot Corporation
★ Kuraray Co.
★ Carbo Tech AC GmbH
★ Donau Chemicals AG
★ Haycarb (Pvt) Ltd.
★ Kureha Corporation
★ Osaka Gas Chemicals Co., Ltd.,
★ Evoqua Water Technologies LLC
★ Oxbow Activated Carbon LLC
★ Hangzhou Nature Technology Co., Ltd.,
★ Datong Coal Jinding Activated Carbon Co.
★ Carb USA
★ Sorbent JSC
Market Segmentation:
By Product Type:
★ By Product Type: Powder , Granular , and Others
★ By Raw Material Type: Coal , Coconut , Wood , and Others
★ By End-user: Water Treatment , Food & Beverage Processing , Pharmaceutical & Medical , Automotive , Air Purification , and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Activated Carbon Market Market Competition Landscape by Players
Chapter 4: Assessment of Activated Carbon Market Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Activated Carbon Market sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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