Activated Carbon Global Market Growth Analysis, Share Report, Industry Size, Future Trend Plan, Segmentation, Competitive Landscape, Opportunities and Forecast 2023
Jul 11, 2019
Activated Carbon Market: Information by Type (Powder Activated Carbon, Granular Activated Carbon), Application (Water Purification, Air Purification, Food & Beverage, Industrial Chemicals, Automotive, Metal Extraction), Region — Global Forecast till 2023
Pune, India - July 11, 2019 /MarketersMedia/ —
Activated Carbon Market Overview:
The activated carbon market is projected to be valued at USD 7,032.5 Mn by the end of 2023 and expected to exhibit a CAGR of 8.14% during the forecast period.
The global activated carbon market is demonstrating a positively notable growth. The increasing population which results in increasing the demand for food, clean water, and air alongside the increased urbanization that demands clean and safe water increases usage of activated carbon in water purifiers. The major segment in the global market would be the water purifiers backed by the demand for the drinking water has been increasing tremendously owing to the pharmaceuticals and cosmetics industry.
Acknowledging the traction, the market perceives currently, Market Research Future (MRFR) in its recently published study report confirms that the global activated carbon market is estimated to demonstrate a voluminous growth by 2023, registering a striking CAGR during the assessment period (2018 – 2023).
Free a Sample Report upon Request @ https://www.marketresearchfuture.com/sample_request/1744
Activated Carbon Market Key Players:
Some of the leaders in the global activated carbon market are;
• Osaka Gas Chemicals Co., Ltd. (Japan)
• Calgon Carbon Corporation (US)
• Cabot Corporation (US)
• DESOTEc (Belgium)
• HAYCARB (PVT) LTD. (Sri Lanka)
• Kalpaka Chemicals (India)
• ThomasNet (US)
• FEECO International, Inc. (US)
• Carbon Activated Corporation (US)
• Kureha Corporation (Japan)
• Universal Carbons (India)
• Silcarbon Aktivkohle GmbH (Germany)
• Donau Carbon GmbH (Germany)
• Oxbow Activated Carbon LLC (U.S.)
• Kuraray Co., Ltd. (Japan)
• CPL Carbon Link (UK)
Activated Carbon Market Segment Analysis:
The global activated carbon market has been segmented on the basis of type, application, and region. Based on type, the global market has been classified into powdered activated carbon, granulated activated carbon, extruded activated carbon, and others. Among these, the powdered activated carbon segment held the largest market share in 2018 and is projected to register the highest CAGR of 8.45% during the forecast period. This is mainly attributed to the widespread use of the product for mercury removal from power plant emissions, removal of organic contaminants from wastewater, de-chlorination of water, drinking water treatment, and taste and odor removal from water used in the food & beverage industry.
By application, the global activated carbon market has been segmented into water purification, air purification, food & beverage, industrial chemicals, metal extraction, pharmaceuticals, automotive, catalyst, and others. The water purification segment dominated the global market in 2018 with a market value of USD 1,575 million in 2018. This large-scale consumption of activated carbon in this application segment is due to the increasing awareness among the consumers regarding the treatment of drinking water as well as the re-use of the industrial wastewaters by purification.
Activated Carbon Market Regional Analysis:
The global activated carbon market is studied with respect to five key regions, namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific dominated the global market, accounting for the largest share in 2018 and is projected to register a CAGR of 9.93% during the forecast period. The market in North America was the second largest after Asia-Pacific and is projected to be valued at USD 1,343.0 by the end of 2023. Europe also held a substantial market share of 15.53% in 2018.
The European region is set to observe a significant growth in the activated carbon market due to increased demand fueled by the stringent regulations imposed on industrial and automotive emissions. Germany, Italy, and the U.K. are projected to lead the market of this region owing to rapid technological advancement and growing usage over the forecast period.
The Latin American regions such as Brazil, Uruguay, and Argentina are predicted to witness a rapid growth due to its increasing use of activated carbon in the automotive, aviation, electrical & electronics industries.
The market is projected to observe significant development in the Middle East & Africa region due to its growing consumption of activated carbon in batteries, fuel cells, and other sectors. Moreover, due to advancing technology, it is estimated that the global activated carbon market is to observe a significant growth in the market due to its increasing consumption.
Activated Carbon Market Table of Content to be Continue….,
Read Comprehensive Overview of Report @ https://www.marketresearchfuture.com/reports/activated-carbon-market-1744
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/activated-carbon-market-1744
Source: MarketersMedia
Release ID: 88895395
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