Activated Carbon Market Scope 2023:
The Activated Carbon Market has been witnessing steady growth over the years, driven by the increasing demand for the product in various applications. Activated carbon, also known as activated charcoal, is a highly porous material with a large surface area, which makes it an effective adsorbent. It is used in a wide range of industries, including water treatment, air purification, food and beverage, pharmaceuticals, and mining. The water treatment industry is the largest consumer of activated carbon, accounting for more than half of the market share. The growing population, industrialization, and increasing pollution levels have been the major driving factors for the growth of the activated carbon market. Additionally, the increasing awareness about the harmful effects of pollutants on health and the environment has further fueled the demand for activated carbon. However, the high cost of production and the availability of cheaper substitutes are some of the factors that may hinder the growth of the market.
One of the key trends observed in the activated carbon market is the increasing use of activated carbon in the energy storage industry. Activated carbon is being used as a component in supercapacitors and batteries, as it can improve the energy density and performance of these devices. The growing demand for energy storage solutions, particularly in the renewable energy sector, has created a significant opportunity for the activated carbon market. The use of activated carbon in energy storage devices is expected to increase in the coming years, as researchers are exploring new applications and ways to enhance the performance of these devices. However, the high cost of activated carbon and the availability of alternative materials may limit the growth of this trend. Overall, the activated carbon market is expected to continue to grow in the coming years, driven by the increasing demand from various industries and the growing use of the product in energy storage applications.
“According to SNS insider, The Activated Carbon Market Size is estimated at US$ 6.79 billion in 2022, and is expected to reach US$ 13.75 billion by 2030, with a growing healthy CAGR of 9.2% over the forecast period 2023-2030.”
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The global Activated Carbon Market research report contains a SWOT analysis and a Porter’s Five Forces analysis to help determine the market’s precise trajectory. These market measurement tools can aid in the identification of motivators, constraints, flaws, market opportunities, and threats. The market report includes data on worldwide and regional markets, as well as their respective sectors.
Analysts studied the categories using a top-down and bottom-up strategy to produce an accurate estimate of their impact on the worldwide market. The research provides a market overview, which describes the market’s current state and key categories. It also includes a list of the world’s most powerful corporations. The market research report was created utilizing primary and secondary research approaches to provide a comprehensive overview of the Activated Carbon Market.
Major Key Players Analysis are covered in Activated Carbon Market Report are listed below:
- Oxbow Activated Carbon LLC.
- Osaka Gas Chemical Co. Ltd.
- Calgon Carbon Corporation
- Evoqua Water Technologies LLC
- Cabot Corporation
- Siemens Water Technologies Corp.
- Carbon Resources LLC
- Kuraray Co. Ltd
- Carbo Tech AC GmbH
- Silcarbon Aktivkohle GmbH
- Jacobi Carbons AB
Activated Carbon Market Segmentation Analysis 2023
The market research looks at market trends in each sub-current category, as well as revenue growth on an international, regional, and national scale. The research looks at the global Activated Carbon Market’s sales, market share, and expected future growth for a number of market categories.
Major Segments and Sub-Segment of Activated Carbon Market are Listed Below:
- Powdered Activated Carbon
- Granulated Activated Carbon
- Liquid Phase Applications
- Water Treatment
- Food & Beverages
- Pharmaceutical & Medical
- Gas Phase Applications
- Air Purification
- Flue Gas Cleaning
- Mercury Control
- Solvent Recovery
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In this study, the years considered to estimate the market size of Activated Carbon are as follows:
- History Year: 2019-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Year 2023 to 2030
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
The Activated Carbon Market research shows the competitive landscape of the biggest industry competitors, as well as the percentage market shares of the major organizations. To acquire a better understanding, the research analyses revenue share comparisons, growth rates, and market segmentation. The research includes information on the company activities, financial statements, product specifications, and strategic objectives of the major worldwide market participants.
COVID-19 Impact Analysis
Market players will use the COVID-19 impact research to develop pandemic readiness plans. This market research investigates how COVID-19 has impacted the Activated Carbon Market on a global and national scale. The market research makes use of both primary and secondary sources, as well as unpublished databases and a paid data source.
Key Question Answered in Activated Carbon Market Report
- Analysts have dug into the specifics, highlighting the elements that are projected to stymie market growth in the next years.
- The research report dives thoroughly into the changing lifestyles, taxation structures, and purchasing power of various economies.
- The report outlines the companies’ present strategic efforts as well as those that are planned for the near future.
The research report on the global Activated Carbon Market focuses on the market’s regional perspective in the following chapters. It displays how demographic changes are predicted to affect market supply and demand. It looks into the regulatory changes that are expected to have an influence on perceptions. Furthermore, experts analyzed the essential source of the need in order to appreciate its character.
The market research report is intended to assist industry participants and other stakeholders in gaining a thorough understanding of the market pulse.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Activated Carbon Market Segment, By Type
- Activated Carbon Market Segment, By Application
- Regional Analysis
- Company Profiles
- Competitive Landscape
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