Global Activated Carbon Market Size To Grow USD 4.98 Billion By 2032 | CAGR of 3.1%
The Global Activated Carbon Market Size was valued at USD 4.10 Billion in 2022 and the Worldwide Activated Carbon Market Size is expected to reach USD 4.98 Billion by 2032, according to a research report published by Spherical Insights & Consulting. Companies Covered: Jacobi Carbons AB, Carbo Tech AC GmbH, ADA-ES, INC., Kureha Corporation, Calgon Carbon Corporation, Cabot Corporation, Carbon Resources LLC, Siemens Water Technologies Corp., CLARINEX Group, Carbon Activated Corp. and Among Others.
New York, United States , Sept. 05, 2023 (GLOBE NEWSWIRE) — The Global Activated Carbon Market Size to grow from USD 4.10 Billion in 2022 to USD 4.98 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period.
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Activated carbon, sometimes referred to as activated charcoal, is a highly porous form of carbon that has been processed to have a substantial surface area and a high adsorption capacity. It is created using carbonaceous substances like wood, coal, peat, coconut shells, or even agricultural waste through a process called activation. Activated carbon is employed in numerous sectors and businesses. It is widely used to remove pollutants including pesticides, volatile organic compounds, and chlorine from water and air filtration systems. Additionally, it is used to make the filters for respirators and gas masks. Additionally, activated carbon is utilised in pharmaceuticals, the creation of chemicals, and the food and beverage industry for decolorization, deodorization, and purification.
It is anticipated that the market for activated carbon will continue to grow quickly in the years to come. In water and wastewater treatment processes, activated carbon is frequently used to remove contaminants, organic compounds, and impurities. The increasing demand for clean and safe water supplies in both the industrial and municipal sectors is driving the demand for activated carbon in water treatment applications. Additionally, activated carbon is crucial for cleaning and discolouring liquids like sugar, alcoholic drinks, and edible oils in the food and beverage industry. Due to the strict regulations governing food safety as well as the increased demand for high-quality, purified food items, the market for activated carbon in this industry is growing. Additionally, activated carbon is seen as an environmentally benign material, in keeping with the global focus on sustainability and green technologies. The ongoing emphasis on environmental sustainability and stringent regulations are expected to assist the expansion of the activated carbon business in the future.
Carbon which is the main sources of activated carbon are aceous materials including coal, wood, and coconut shells. Because of the erratic prices and limited availability of some raw materials, the cost of generating activated carbon might be significantly impacted. The market for activated carbon is incredibly cutthroat, with numerous suppliers and producers operating on a global basis. This intense competition puts pressure on businesses to distinguish themselves in terms of product quality, performance, and cost. In such a crowded market, smaller businesses may find it challenging to successfully compete against larger, more established organisations. Additionally, there is a chance that activated carbon will be replaced by substitute materials or technologies that offer equivalent or greater performance at a lower cost.
Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on, “Global Activated Carbon Market Size, Share, and COVID-19 Impact, By Type (Powdered, Granular), By End-use (Water Treatment, Air Purification), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032. ” Get Detailed Report Here:
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Powdered Activated Carbon Type segment is dominating the market with the largest market share
On the basis of type, the global activated carbon market is segmented into Powdered Activated Carbon and Granular Activated Carbon. Among these, Powdered Activated Carbon segment is dominating the market with the largest market share over the forecast period. Many industrial processes generate pollutant-filled waste streams, which must be treated before disposal. A number of industries, including the manufacture of chemicals, pharmaceuticals, the processing of food and drinks, and others, depend on powdered activated carbon. It works well at adsorbing and getting rid of hazardous pollutants. As industrial activity rises, the requirement for PAC in various sectors may expand.
Granular Activated Carbon segment is witnessing the fastest market growth over the forecast period. In gas purification processes, such as those that remove pollutants and impurities from gases and air, activated carbon in the form of granules is widely utilised. This is essential in industries where the purification of gases is necessary for environmental compliance, quality assurance, and safety, such as chemical production, oil refining, and automotive applications. As industrial processes expand, a greater requirement for GAC in gas filtration is predicted.
End Use Insights
Water treatment segment accounted the largest market share over the forecast period
Based on the end use, the global activated carbon market is segmented into water treatment and air purification. Among these, water treatment segment accounted the largest market share over the forecast period. Globally, the use of water treatment technology is growing. Numerous companies worldwide are investigating cutting-edge technology for water treatment recycling. Regulations forcing companies to utilise eco-friendly products and efficient water disposal techniques are projected to boost the industry’s growth.
Air purification is witnessing the significant market growth over the forecast period. People place an increasing amount of value on having clean air in their homes and workplaces. There is a growing need for effective air filtration technology since indoor air pollution might harm one’s health. Additionally, as people become more aware of respiratory conditions, allergies, and the negative impacts of air pollution on overall health, there is an increased need for air filtration devices. These various elements are what is fueling segmental expansion.
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Asia Pacific is dominating the market over the forecast period.
Asia Pacific region is dominating the global activated carbon market with the largest market share over the forecast period. In the Asia Pacific region, industrial activity has greatly increased in a number of sectors, including water treatment, air purification, pharmaceuticals, food and beverage, and automotive. The widespread use of activated carbon in various industries for purification, filtration, and separation has increased demand for this material.
North America is witnessing the fastest market growth over the forecast period. The demand for effective purification methods, a strong emphasis on environmental compliance, and the presence of established industry rivals set the North American market for activated carbon apart. Due to ongoing environmental regulations, increasing need for clean air, water, and industrial processes, among other factors, the market is expected to grow gradually.
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
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