The global activated carbon market size reached USD 7.46 Billion in 2020 and is expected to register a revenue CAGR of 9.6%, during the forecast period, according to latest analysis by Emergen Research. Some major factors driving global activated carbon market revenue growth include rising demand for mercury control technology for industrial air purification and increasing research and development initiatives to develop newly activated carbon products for various applications. Increasing concerns about health issues related to breathing poor quality air and consuming polluted water has led to increasing use of activated carbon. This trend may propel revenue growth of the market between 2021 and 2028.
Some of the key factors driving the growth of the global activated carbon market include expanding R&D efforts to develop novel activated carbon products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for activated carbon
The COVID-19 pandemic had a significant negative influence on the market for activated carbon in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of activated carbon were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of activated carbon in 2020. Additionally, demand for activated carbon decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Activated carbon market : Competitive Landscape
The prominent players operating in the Activated carbon market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Activated carbon market .
Some of the prominent players operating in the market are:
Calgon Carbon Corporation, Osaka Gas Chemicals Co., Ltd., Cabot Corporation, Haycarb PLC, Kuraray Chemical Co., LTD., Kureha Corporation, Donau Carbon GmbH, Puragen LLC, Jacobi Carbons AB, and ADA-ES, Inc.
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The Activated carbon market report takes a closer view of the global Activated carbon market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines Activated carbon market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Activated carbon market .
Some Key Highlights From the Report :
Granular activated carbon segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as granular activated carbon is widely used in air purification and municipal water treatment facilities, particularly in removal of mercury and chlorine.
Due to growing use of liquid phase filtration, the liquid phase segment is anticipated to experience a very strong revenue growth rate throughout the projection period. Liquid phase filtration is widely used to filter chloramines and organic chemicals from drinkable water, such as herbicides and pesticides.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Demand for water treatment has risen due to growing water demand from manufacturing industries and changing federal regulations for the mitigation of water pollution, thereby, boosting demand for activated carbon.
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Emergen Research has segmented the global activated carbon on the basis of type, application, end-use, and region:
Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Bead Activated Carbon
Polymer Coated Activated Carbon
Powdered Activated Carbon
Granular Activated Carbon
Pelletized or Extruded Activated Carbon
Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Gas Phase
Liquid Phase
End-Use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Electronics
Mining
Water Treatment
Metal Extraction
Oil & Gas
Pulp & Paper
Automotive
Food & Beverages
Healthcare
Air Purification
Others
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Regional Bifurcation of the Activated carbon market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report:
What will be the development pace of Activated carbon market ?
What are the key factors driving the Global Activated carbon market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Activated carbon market ?
Who are the distributors, traders, and dealers of Activated carbon market ?
What are the Activated carbon market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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