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Jun 09, 2023

The Activated Carbon Market to grow at a CAGR of 8.42% from 2022 to 2027; The increased need for purification in different industrial processes will drive growth

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The activated carbon market is estimated to grow at a CAGR of 8.42% between 2022 and 2027 with the market size forecast to increase by USD 1,588.48 million,

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The activated carbon market is estimated to grow at a CAGR of 8.42% between 2022 and 2027 with the market size forecast to increase by USD 1,588.48 million, according to Technavio- Request a sample report

Activated Carbon Market Insights -

Companies: 15+, Including Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons, among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies

Segments: product (powdered, granular, and others), application (air purification, water purification, medical and pharmaceutical products, food and beverage, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the activated carbon market, request a sample report

Activated Carbon Market - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons

Activated Carbon Market – Market Dynamics

Key Drivers

The increased need for purification in different industrial processes is a key factor driving market growth. Activated carbon has a wide range of applications, with the main market driver being water and air purification. Countries such as India and China are experiencing rapid urbanization and industrialization, increasing pollution and water scarcity. This has created a need for wastewater treatment using activated carbon to remove contaminants. In addition, the food and beverage industry uses activated charcoal to remove flavors, aromas, and colors, and pharmaceutical companies use activated charcoal to purify ingredients. Hence, the increased need for purification is expected to drive the activated carbon market during the forecast period.

Major Trends

Growing demand for pollution control is a major trend in the market. Demand for activated carbon is expected to increase due to the growing need for mercury management technology in industrial air purification applications. Additionally, stringent emissions standards by regulatory bodies such as the US EPA and the European Commission require manufacturing facilities such as coal-fired power plants and industrial boilers to meet stringent limits on mercury and hazardous air pollutants. Canada, Australia, and Japan have similar regulations in place.

These measures are aimed at reducing mercury emissions and mandate the use of activated carbon to prevent pollution. Hence, the increased need for purification is expected to drive the activated carbon market during the forecast period. Hence, the growing demand for pollution control is expected to fuel the growth of the activated carbon market.

Significant Challenges

Technical limitations of activated carbon products are one of the significant challenges restricting market growth. The effect of the activated carbon filter depends on the amount used. However, there is a limit. It is ineffective against certain chemicals, pathogens, and heavy metals. Furthermore, they can even become a breeding ground for bacteria and viruses in some cases. The demand for activated carbon is limited due to these restrictions. Several precautions are required, such as low oxygen conditions, a cool, dry environment, and protection from heat and moisture to store activated charcoal. Lumps and cracks may occur If it is stored for a long time. Hence, technical limitations are expected to impede market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The activated carbon market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Activated Carbon Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the activated carbon market between 2023 and 2027

Precise estimation of the size of the activated carbon market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the activated carbon market across APAC, North America, Europe, South America, and the Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about companies

Comprehensive analysis of factors that will challenge the growth of activated carbon market companies

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Activated Carbon Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.42%

Market growth 2023-2027

USD 1,588.48 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.7

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, China, India, The Netherlands, and Belgium

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global activated carbon market 2017 - 2021

4.2 Product Segment Analysis 2017 - 2021

4.3 Application Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 Powdered - Market size and forecast 2022-2027

6.4 Granular - Market size and forecast 2022-2027

6.5 Others - Market size and forecast 2022-2027

6.6 Market opportunity by Product

7 Market Segmentation by Application

7.1 Market segments

7.2 Comparison by Application

7.3 Air purification - Market size and forecast 2022-2027

7.4 Water purification - Market size and forecast 2022-2027

7.5 Medical and pharmaceutical products - Market size and forecast 2022-2027

7.6 Food and beverage - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 The Netherlands - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 Belgium - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Company Landscape

11.1 Overview

11.2 Company landscape

11.3 Landscape disruption

11.4 Industry risks

12 Company Analysis

12.1 Companies covered

12.2 Market positioning of companies

12.3 Advanced Emissions Solutions Inc.

12.4 Albemarle Corp.

12.5 BASF SE

12.6 Cabot Corp.

12.7 Carbon Activated Corp.

12.8 Donau Carbon GmbH

12.9 Evoqua Water Technologies LLC

12.10 Hayleys Plc

12.11 KURARAY Co. Ltd.

12.12 Kureha Corp.

12.13 MFAR Holdings Pvt Ltd.

12.14 Osaka Gas Co. Ltd.

12.15 Puragen Activated Carbons

12.16 Shinkwang Chem. Industry Co. Ltd.

12.17 Universal Carbons

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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SOURCE Technavio