Activated Carbon Market Projected to Surge from $6.81 Billion in 2023 to Over $13 Billion by 2030, Growing at a 9.32% CAGR

Activated Carbon Market size was valued at US $ 6.81 Billion in 2023 and the Activated Carbon market revenue is expected to grow at 9.32% through 2024 to 2030, reaching nearly US $ 12.70 Billion. The report analyzes Activated Carbon market dynamics by region, type, and applications.

Activated Carbon Market Overview:

Activated carbon, often known as activated charcoal, is a kind of graphite that is used to make pencil leads. It has a random, flawed structure that is very porous over a wide range of pore sizes, from apparent cracks and crevices to molecular dimensions, which sets it apart from graphite. The carbon's high surface area thanks to its graphite structure, which allows it to absorb a wide spectrum of chemicals. Activated carbon has the strongest physical adsorption forces of any substance known to mankind, as well as the largest volume of adsorbing porosity.

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Activated Carbon Market Dynamics:

The process of transferring gaseous pollutants from an air stream to the solid surface of an adsorbent is referred to as adsorption. Activated carbon is the most common adsorbent, however, zeolites, polymers, and other adsorbents can also be used. The special properties of activated carbon allow it to remove VOCs, smells, and other gaseous pollutants from the atmosphere. It does so in a different way than other air purifiers, such as HEPA filters, which just filter particle pollution from the air.

Activated Carbon Market Regional Analysis

The Asia Pacific region dominated in terms of revenue in 2023, accounting for more than 39.26% of the total market. Factors such as a ready supply of raw materials and labor, as well as innovative technologies and innovations, have driven the Asia Pacific region's economic growth. According to the World Bank, China and Japan, the two economic titans of the Asia Pacific region, were the world's second and third largest economies in 2020.

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Activated Carbon Market Segmentation:

Based on Type: In 2023, the powder-activated carbon (PAC) segment was dominant and held xx% of the overall market share in terms of revenue. When compared to granular activated carbon, powdered activated carbon (PAC) has a smaller particle size and so has a higher surface-to-volume ratio. As a result, PAC is commonly introduced to process units such as quick mix basins, clarifiers, and gravity filters directly.

Activated carbon is traditionally manufactured as powders or small granules less than 1.0 mm in diameter with an average diameter of 0.15 mm to 0.25 mm. The efficiency of PAC in adsorbing tastes and odors is dependent on proper mixing, contact time, dosage, and the source and severity of the odor or taste problem. PAC is consumed in a variety of applications, including wastewater treatment.

Leading Activated Carbon Market key industry:

Osaka Gas Co. Ltd. (Japan)
Cabot Corporation (United States)
Kuraray Co. Ltd. (Japan)
Haycarb Plc (Sri Lanka)
Kureha Corporation (Japan)
Jacobi Carbons AB (Sweden)
Calgon Carbon Corporation (United States)
Carbo Tech AC GmbH (Germany)
Carbon Activated Group (United States)

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Key questions answered in the Activated Carbon Market are:

What segments are covered in the Activated Carbon Market report?
Which region is expected to hold the highest share in the Activated Carbon Market?
What is the market size of the Activated Carbon Market by 2030?
What is the forecast period for the Activated Carbon Market?
What was the market size of the Activated Carbon Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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