Activated Carbon Market Overview:
The escalated pollution levels have increased the use of activated carbon significantly in a range of products. Reports that assess the advanced materials industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. The market is anticipated to be motivated with a CAGR of 8.14 % to achieve revenues worth USD 7,032.5 Million by the conclusion of the forecast period.
The application of activated carbon to remove toxic gases and elements from industrial waste effluents, natural gas, and flue gas is anticipated to enhance the market share of the activated carbon market. The revision in the environmental regulations is anticipated to stimulate the market for activated carbon. Moreover, the rising use of activated carbon in water treatment for industrial and drinking water applications is expected to create favorable growth opportunities.
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Activated Carbon Market Competitive Analysis:
The surge in the market is credited to the presence of favorable market forces are expected to complement the development of the market. The positive reinforcement of the forces of demand and supply is expected to lift the market growth in the coming years. The synergies achieved in the manufacturing of the goods in the market are enhanced, leading to better growth prospects. The availability of productive resources is expected to further the progress of the market in the forecast period. The increased transaction level in the market is expected to spur an accelerated level of growth in the market. The conception of prodigious competitive advantages is likely to support the progress of the market. A considerable ascension in the number of promoters in the market is estimated to form a beneficial outlook for market growth in the projected period. The relaxation of the barriers to the entry of new players in the market is expected to encourage the expansion of the market in the impending years.
The important competitors in the activated carbon market are Kuraray Co., Ltd (Japan), Haycarb (Pvt) Ltd (Sri Lanka), Prominent Systems, Inc. (US), Donau Carbon GmbH (Germany), DESOTEC Activated Carbon (Belgium), Cabot Corporation (US), Oxbow Activated Carbon (US), Osaka Gas Chemicals Co., Ltd (Japan), Silcarbon Aktivkohle GmbH (Germany), Kureha Corporation (Japan), and Lenntech BV (the Netherlands), among others.
Activated Carbon Market Segment Analysis:
The global activated carbon market has been segmented on the basis of type, application, and region. Based on type, the global market has been classified into powdered activated carbon, granulated activated carbon, extruded activated carbon, and others. Among these, the powdered activated carbon segment held the largest market share in 2018 and is projected to register the highest CAGR of 8.45% during the forecast period. This is mainly attributed to the widespread use of the product for mercury removal from power plant emissions, removal of organic contaminants from wastewater, de-chlorination of water, drinking water treatment, and taste and odor removal from water used in the food & beverage industry.
By application, the global activated carbon market has been segmented into water purification, air purification, food & beverage, industrial chemicals, metal extraction, pharmaceuticals, automotive, catalyst, and others. The water purification segment dominated the global market in 2018 with a market value of USD 1,575 million in 2018. This large-scale consumption of activated carbon in this application segment is due to the increasing awareness among the consumers regarding the treatment of drinking water as well as the re-use of the industrial wastewaters by purification.
Activated Carbon Market Regional Analysis:
The global activated carbon market is studied with respect to five key regions, namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific dominated the global market, accounting for the largest share in 2018 and is projected to register a CAGR of 9.93% during the forecast period. The market in North America was the second largest after Asia-Pacific and is projected to be valued at USD 1,343.0 by the end of 2023. Europe also held a substantial market share of 15.53% in 2018.
The European region is set to observe a significant growth in the activated carbon market due to increased demand fueled by the stringent regulations imposed on industrial and automotive emissions. Germany, Italy, and the U.K. are projected to lead the market of this region owing to rapid technological advancement and growing usage over the forecast period.
The Latin American regions such as Brazil, Uruguay, and Argentina are predicted to witness a rapid growth due to its increasing use of activated carbon in the automotive, aviation, electrical & electronics industries.
The market is projected to observe significant development in the Middle East & Africa region due to its growing consumption of activated carbon in batteries, fuel cells, and other sectors. Moreover, due to advancing technology, it is estimated that the global activated carbon market is to observe a significant growth in the market due to its increasing consumption.
Activated Carbon Market Table Of Contents:
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
Activated Carbon Market Table Of Content to be Continue….,
Activated Carbon Market List Of Tables:
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 List Of Trading Countries
Table 4 Global Activated Carbon Market, By Region
Table 5 Global Activated Carbon Market, By Type
Activated Carbon Market List Of Tables to be Continue……,
Activated Carbon Market List Of Figures:
Figure 1 Global Activated Carbon Market: Market Structure
Figure 2 Key Takeaways Of The Global Activated Carbon Market
Figure 3 North America: Market Size And Market Share, By Key Country (2017 Vs 2023)
Figure 4 Europe: Market Size And Market Share, By Key Country (2017 Vs 2023)
Figure 5 Asia-Pacific: Market Size And Market Share, By Key Country (2017 Vs 2023)
Activated Carbon Market List Of Figures to be Continue……,
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