Activated carbon is processed carbon with small, low-volume pores to boom surface location for chemical reactions and adsorption. Physical adsorption is the primary asset of activated carbon, which is useful for purification, decaffeination, metallic completing, remedy, filters, and removal of pollutant and gasoline storage. Increasing utilization of activated charcoal carbon in water treatment, Stringent environmental regulations, and Increasing awareness about health are the factors that are driving the growth of the market. Furthermore, new product developments and launches will be anticipating the growth of the market in the forecasted period. For instance: In February 2020, General Carbon Corporation has built a new activated carbon manufacturing facility unit in the United States. The new plant is expected to generate granular and pelletized activated carbon. This strategy is anticipated to help the company to compete with the increasing demand for activated carbon among consumers across the world. However, the insufficiency of raw materials may impede market growth over the forecast period of 2021-2027.
Global Activated Carbon Market is valued approximately at USD 7.69 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.54% over the forecast period 2021-2027 and is estimated to reach USD 14.83 Billion by 2027.
Global market analysis on basis of region includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is a significant region across the world in terms of market share due to the demand for End-Use operations in the fields in the region. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to an increase in awareness about environmental concerns in the region.
Major market players included in this report are Calgon Carbon Corporation, Osaka Gas Co. Ltd, Cabot Corporation, Haycarb Plc, Kuraray Chemical Co. Ltd, Kureha Corporation, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Oxbow Activated Carbon LLC, and Evoqua Water Technologies LLC
The detailed segments and sub-segment of the market are explained below:
By Product: Powdered, Granular, Others
By End-Use: Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others
By Applications: Liquid Phase, Gas Phase
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