Activated Carbon Market


Posted March 15, 2023 by ArtiDataM

The report, titled "Activated Carbon Market Trends, Forecast, and Opportunity Analysis," predicts that the market will reach USD YY by 2023, growing at a CAGR of 5.8% during the forecast period 2023-2030.

 
The global Activated Carbon Market is expected to experience significant growth in the coming years, according to a new report by DataM Intelligence. The report, titled "Activated Carbon Market Trends, Forecast, and Opportunity Analysis," predicts that the market will reach USD YY by 2023, growing at a CAGR of 5.8% during the forecast period 2023-2030.
The increased demand for water and air treatment devices is predicted to increase as water and air pollution levels rise. Demand for clean and potable water, as well as ongoing wastewater treatment, is likely to fuel market expansion in a variety of end-user industries.
Activated carbon, also known as activated charcoal, is a highly porous material with a large surface area. It is commonly used in a variety of applications, including air and water purification, food and beverage processing, pharmaceuticals, and industrial processes. Activated carbon is made by heating carbon-rich materials, such as wood, coconut shells, or coal, to high temperatures in the absence of air.
The growing demand for activated carbon in water treatment is one of the major drivers of market growth. The increasing global population, urbanization, and industrialization have led to a rise in water pollution, making water treatment a necessity. Activated carbon is an effective adsorbent that can remove impurities and contaminants from water, making it safe for consumption.

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The increasing use of activated carbon in the food and beverage industry, for decolorization and removal of impurities, is also contributing to market growth.
The rising demand for activated carbon in the pharmaceutical industry for the purification of active pharmaceutical ingredients (APIs) is expected to create significant growth opportunities for the market in the coming years. Additionally, the development of new applications for activated carbon, such as in energy storage and the automotive industry, is expected to drive market growth.
The increasing competition from alternative materials, such as zeolites and silica gels, is a challenge for the industry. Additionally, the environmental impact of activated carbon production and disposal is a growing concern, which may lead to stricter regulations in the future.
Activated Carbon Market Trends:
Activated carbon will assist energy businesses in meeting the mercury emission reduction criteria. The existing market participants are now developing the fourth generation of devices to remove mercury from flue gas even more efficiently.
Rules and regulations governing gasoline emissions from automobiles are also being tighter, necessitating the development of new products to absorb gasoline fumes. In the case of biogas, the business has created a solution that removes hydrogen sulphide and other impurities, allowing methane to be utilised to power turbines without causing harm.
Market Drivers:
The growing need for clean and pure water is expected to fuel the expansion of the activated carbon market. The feature of the product having a high surface area for adsorption that may eliminate pollutants such as taste, odour, germs, and oils imparting substances is credited to market development. Because of rising levels of water and air pollution, government officials have urged that industrial water waste be treated. Water treatment units can be installed in a variety of sectors, including paper and pulp, paints and dyes, and chemicals.
Restraints:
Nonetheless, it is projected that high raw material prices brought on by a scarcity would impede market growth.
Global Activated Carbon Market Regional Analysis:
Throughout the projection period, Asia Pacific is predicted to grow at a rapid pace. Coal is the primary source of power in Asia Pacific countries, increasing demand for activated carbon to reduce mercury emissions.
Asia Pacific emerged as the leading market across all regions due to fast industrialization and the implementation of many strict laws to address increasing environmental concerns, or legislation is projected to assist regional market growth in this area.
Moreover, mercury emissions in the Asia-Pacific region are rising, owing mostly to increased power generation in emerging countries such as China and India.
Segmentation Analysis:
The activated carbon market is categorized as follows: By type it is segmented by powdered activated carbon, granular activated carbon, and others. Powdered activated carbon is the leading activated carbon type, accounting for YY% of the market.
Powdered activated carbon is made through milling or pulverising activated carbon to generate tiny activated carbon particles with a size of less than 0.075mm.

This sort of activated carbon is used to treat small batches when partial treatment is needed, such as in hydrolyzed vegetable protein purification. In applications with high flow rates and minimal carbon dose to save money on capital. For seasonal applications such as controlling taste and odour in drinking water.
The activated carbon market is segmented by end-user into water treatment, pharmaceutical, automotive, personal care, and others. Water treatment is now the dominating segment, accounting for roughly YY% of the market.
Competitive Landscape:
Partnership and acquisition strategies will allow key players to expand their market share.
Companies profiled in the Activated Carbon Market include Osaka Gas Chemicals Co. Ltd, Kuraray Co. Ltd, Cabot Corporation, Jacobi Carbons Group, Haycarb PLC, Kureha Corporation, Donau Carbon GmbH, CarboTech AC GmbH, Silcarbon Aktivkohle GmbH, Asbury Carbons.
Cabot Company has employed many techniques to expand its worldwide footprint. These organisations service a wide range of end-user industries, which is expected to drive market expansion. Osaka Gas Chemicals Co., Ltd. employs and develops a variety of technologies to fulfil the demands of its customers.
Recent Development:
Cabot Corporation introduced the new ENERMAX 6 carbon nanotube series in March 2021. This series is intended to improve battery performance and energy density in batteries. It is also suggested that the internal resistance of the direct current of the battery cell be reduced.
About DataM Intelligence:
DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to the needs of clients in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed, and food & beverages, among others. Our platform has Insights on markets that uncover the latest market research data that are distinct from the competition. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will let individuals and corporates ease access and custom personalization to research and markets.
Contact Us:
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
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Contact Email [email protected]
Issued By Sai Kiran
Phone +1 877 441 4866
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Country India
Categories Business
Tags petro chemicals , activated carbon , activated carbon market
Last Updated March 15, 2023