Activated Carbon Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Development Scenario, Opportunities, and Forecast By 2027
Activated
carbon Market Analysis, Trends, Size, and Forecast. Activated carbon Market
Industry Overview, Market Growth, Market Share, Syndicate Report, and Business
Research Reports – US and UK
Description
Global Activated Carbon Market: by Product Type (Powdered,
Granular, and Others), by End-Use (Water Treatment, Food & Beverage
Processing, Pharmaceutical & Medical, Automotive, and Others), by
Application (Liquid Phase, Gaseous Phase, Metal Extraction, and Others), and by
Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast
(2021–2027)
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The activated carbon market report covers a
thorough analysis of the market dynamics, business models, segmental/regional
analysis, and respective market shares and strategies adopted by the key market
players operating globally. It entails an in-depth analysis of the factors
influencing the global market and market statistics indicating region-wise and
segment-wise market share/growth analysis. The report's study will outlook one
of the most exhaustive analyses of the market, capturing all the aspects of the
activated carbon industry.
Activated Carbon Industry Outlook
The activated carbon market size was valued at
USD 5.2 billion in 2020, which is expected to reach USD 8.9 billion by 2027,
registering a CAGR of 10.1% during the forecast period (2021-2027). Activated
carbon, also known as activated charcoal, is characterized by many tiny pores
on its surface. The higher the number of pores, the larger will be the surface
area, which increases the adsorption capacity of the element. Activated carbon
also helps to purify water, and nowadays, cosmetics and beauty products
companies are also using activated carbon technology in their creams.
Factors Affecting the Activated Carbon Market Over the
Forecast Period:
·
Rising
demand for water decontamination and sewage water treatment are the major
driving aspects for the growth of the global activated carbon market.
·
Reactivated
Carbon is expected to offer growth opportunities for the activated carbon
manufacturers by maximizing profits.
·
Industrialization
along with product launches are delivering major investment opportunities for
the activated carbon market.
·
Stringent
government regulations regarding the extraction of mercury from the natural gas
production units, power plant emission are expected to offer considerable
growth to the activated carbon market across the globe during the forecast
period.
·
The
high cost of raw materials is one of the key restraints for the growth of the
global activated carbon market.
Impact of COVID-19 on Activated Carbon Market:
The ongoing COVID-19 pandemic is expected to
have a moderate impact on the activated carbon market. The demand for activated
carbon in the manufacturing of the activated carbon filter masks is increasing
across the globe. The demand for personal protective equipment around the world
amid the ongoing COVID-19 pandemic has witnessed exponential growth, due to
which activated carbon filter masks are witnessing a rise in demand providing
abundant opportunities for participants operating in the activated carbon
market. Several studies have increasingly indicated that carbon filters in
masks play a key role in improving lung capacity and respiratory muscles. The
demand for activated carbon is expected to grow at a considerable pace during
the COVID-19 pandemic.
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Scope of the Report
The report outlines the global activated carbon
market study based on type, application, and end-use.
The activated carbon market has been segmented
based on type –
·
Powdered
Activated Carbon
·
Granular
Activated Carbon
·
Others
(Pelletized Activated Carbon)
The activated carbon market has been segmented
based on application –
·
Liquid
Phase
·
Gaseous
Phase
·
Metal
Extraction
·
Others
(Medicine)
The
activated carbon market has been segmented based on end-use -
·
Water
Treatment
·
Food
& Beverage Processing
·
Pharmaceutical
& Medical
·
Automotive
·
Others
Activated Carbon Market: Regional Outlook
The activated carbon market has been segmented
into five geographical regions: North America, Asia Pacific, South America,
Europe, and the Middle East & Africa. In 2020, North America held the
largest share in the global activated carbon market, followed by Europe and the
Asia Pacific. North America is further estimated to dominate the Activated
Carbon market during the forecast period. Moreover, Asia Pacific is expected to
project the highest CAGR in the global market over the forecast period.
Key Global Activated Carbon Market Competitors Includes –
The activated
carbon market is highly fragmented, with a large number of small players
across the globe. The key activated carbon market players operating in the
global market include –
·
ADA-ES
Inc.
·
Albemarle
Corp.
·
Arkema
group
·
Cabot
Corporation
·
Calgon
Carbon Corporation
·
Carbon
Activated Corporation
·
Carbon
Resources LLC
·
Carbotech
·
Clarinex
Group
·
Evoqua
Water Technologies LLC
·
Haycarb
PLC
·
Indo
German Carbons Ltd.
·
Jacobi
Carbons AB
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