ISay Research has published a new report titled Activated Carbon Market Share, Forecast Data, In-Depth Analysis and Forecast, 2022. According to the report, the Global Activated Carbon Market in 2022 stood at USD 4.01 billion and is expected to reach USD 9.95 billion by 2032 growing at a CAGR of 9.50% from 2023 to 2032.
Activated carbon, also called as activated charcoal. It is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. Activated carbon is made up from carbonaceous source materials, such as coconuts, nutshells, coal, peat and wood. Activated carbon has no shelf life. Always keep its pore structure and, because, its adsorption characteristics until the activated carbon are put in contact with compounds that can be adsorbed. Activated carbon is used to purify liquids and gases in a variety of applications, including municipal drinking water, food and beverage processing, odour removal, industrial pollution control. Activated carbon used in various industries such as automotive, water treatment, food & beverages, pharmaceutical, metal & mining, heavy industries, oil & gas, construction, and other.
Activated Carbon Market: Key Players
The research study includes profiles of leading companies operating in the global activated carbon market. Key players profiled in the report include: Calgon Carbon Corporation, Cabot Corporation, Jacobi Carbons AB, Osaka Gas Chemical Co. Ltd., Evoqua Water Technologies LLC., Kureha Corporation, Haycarb Plc., Kuraray Chemical Co. Ltd., Donau Carbon GmbH and Silcarbon Aktivkohle GmbH.
Drivers for the Global Activated Carbon Market:
Growing Industrialization in Emerging economies involves the global shifting of environmentally destructive industries and growing infrastructure in air, rail, and water transportation, and a supply of labor is considered as one of the major factor that is driving the growth of the global activated carbon market. Along with this, rapid growth in automotive industry includes a wide scope of organizations and associations that are engaged with the structure, improvement, assembling, showcasing, and selling of engine vehicles is another factor that enhance the growth of the global activated carbon market.
Opportunities for the Global Activated Carbon Market:
Growing demand of activated carbon which is utilized in different end-use industries, for example in automotive, pharmaceutical, metal, heavy industries, oil & gas, water treatment, construction, and other, is considered as one of the major factor that will drive the growth of the global activated carbon market in the forecast period. Along with this, increasing use of activated carbon for mining industry in the absorption of golden cyanide complexes in gold processing and for alcoholic beverage processors, which helps to remove off flavors and colors is also considered as another factor that will enhance the growth of the global activated carbon market in future.
Restrains for the Global Activated Carbon Market:
Rising cost of raw materials that directly impact the manufacturing process of the products and becomes a real challenge for manufacturing companies to remain competitive is one of the major factor that is hampering the growth of the global activated carbon market. Along with this, rapid change in product prices and supply shortages due to Coronavirus pandemic is another factor that is hampering the growth of the global activated carbon market.
Region Wise, Global Activated Carbon Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Asia-Pacific held the largest share in the market because of the fastest-growing market in terms of value and volume, increasing investments by companies in automotive sector, the strong industrial base and the growing shift of production facilities to the emerging economies of the region. North America is also having maximum share in the global activated carbon market which is followed by the European countries.
Covid-19: Impact and Recovery Analysis for Global Activated Carbon Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Activated Carbon market globally.
Most of the industries and businesses like: Activated Carbon are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The chemical industry has been heavily influenced by the growing trend of sustainability and going green, while its products like plastic, fertilizers, activated carbon, medicines and packaging products are widely impacted due to Covid-19 crisis, as it is widely used in construction industry, metal and mining industry, power generation industry, food processing industry and automobile industry. The activated carbon market has faced a negative impact due to shutting down of companies/industries & manufacturing sites, minimal workforce, closing of retail stores & services, cut down in the supply chain due to unavailability of raw materials/coal and limitations on the purchase of grooming products.
Global Activated Carbon Market: Product analysis
- Powdered Activated Carbon
- Granular Activated Carbon
- Extruded Activated Carbon
- Others
Global Activated Carbon Market: Application analysis
- Water Treatment
- Air Purification
- Healthcare
- Food and Beverage
- Automotive
- Others
Global Activated Carbon Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
Attributes | Details |
Market Size in 2022 | USD 4.01 Billion |
Market Forecast in 2032 | USD 9.95 Billion |
Compound Annual Growth Rate (CAGR) | 9.50 % |
Unit | Revenue (USD Million) and Volume (Kilo Tons) |
Segmentation | By Product Type, By Application, By Region |
By Product Type |
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By Application |
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By Region |
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Base Year | 2022 |
Historical Year | 2018 - 2022 |
Forecast Year | 2023 - 2030 |
Pivotal Fundamentals of the Global Activated Carbon Market Report:
- Holistic in-depth detailed analysis, regarding the parent market.
- Detailed information about the current R&D activities performed by each activated carbon market player.
- Region-wise and country-wise breakdown of the activated carbon market to get the revenue, and growth lookout in these areas.
- Key factors which are influencing the consumption pattern of consumers across various regions and countries.
- Historical and future progress of the global activated carbon market.
- Year-on-year growth of the global activated carbon market in terms of value and volume.
At last report covers a short outline of the dealers, distributors, and suppliers. Additionally, it provides sales channel, analysis findings and results. It spots some new entrants within the market. The study thus, suggests a brand new proposition to embellish activated carbon market and nurture business as it explains current global market as well as future market.