Activated Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Activated Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Chemical & Materials

Report Digest

Global Activated Carbon Market - Overview

Activated carbon is also called as activated charcoal. It is characterized by the presence of large number of small pores on its surface. More number of pores corresponds to larger surface area that helps in increasing the adsorption capacity of the element. The global activated carbon market is expected to witness considerable growth in coming years of the forecast period due to the growing demand from its end use application industries.

Global Activated Carbon Market - Notable Developments

The global activated carbon market features a fragmented landscape with the presence of several notable brands. These leading companies are investing heavily on the activities of research and development for developing better and innovative products. In addition to this, mergers and acquisitions are also a highly preferred approach for the growth of these companies. Some of the leading brands in the global activated carbon market include names such as Evoqua Water Technologies LLC, Osaka Gas Chemical Co. Ltd., Calgon Carbon Corp., Jacobi Carbons AB, and Cabot Corporation among others.

Some of the notable developments in the global activated carbon market are given below:

  • In November 2019, Cabot Corporation announced that the company has started the work on the previously announced carbon black and activated carbon expansion project in Cilegon, Indonesia. This new project will add around 80,000 metric tons of additional yearly production capacity of the company.

Global Activated Carbon Market – Drivers and Restraints

There are multiple factors that are responsible for the overall development of the global activated carbon market. Activated carbon is mainly used in sewage and water treatment plants. This is because the activated carbon has the ability to eliminate dissolved and particulate impurities. Moreover, activated carbon also removes some organic impurities as well as chlorine from water. Such benefits have made it a preferred choice of filtering material for these sewage and water treatment plants. Thus, its demand is high in this application sector. Naturally, the growth of the market is primarily driven because of this growing demand from the sewage and water treatment plants. In addition to this, activated carbon is also used in the manufacturing and greenhouse industries for the removal of toxic gases, harmful dust particles, odors, and general purification of the air. Such uses and increasing demand from these manufacturing industries too is helping to drive the growth of the global activated carbon market. There is also a growing demand from other industries such as automotive, food and beverage processing, and medical and pharmaceutical. Such growing demand is thus helping the growth of the global activated carbon market.

Global Activated Carbon Market – Geographical Outlook

The global activated carbon market features a geographical landscape with five major regions that provide a better understanding of its overall working dynamics. These regions include Latin America, Middle East and Africa, North America, Asia Pacific, and North America. Currently, the global market is dominated by the Asia Pacific region. The region is expected to show a massive growth rate in the coming years of the forecast period of 2018 to 2028. Other regions such as North America, Latin America, Europe, and Middle East and Africa are all expected to show a modest growth rate in the coming years of the forecast period. The growth of the Asia Pacific segment can be primarily attributed to the presence of developing economies such as China, India, and Japan. These nations are expected to lead the market in terms of value and volume in the coming years of the projection period. With the increasing production of coconut shells that acts as the proven and most commonly used raw material for the production of activated carbon, the Asia Pacific segment is thus on course to achieve stellar valuation in the near future.

Market Segmentation is as follows:

  • Product Outlook
    • Powdered
    • Granular
    • Others
  • Application Outlook
    • Liquid Phase
    • Gas Phase
  • End Use Outlook
    • Water Treatment
    • Food & Beverage Processing
    • Pharmaceutical & Medical
    • Automotive
    • Air Purification
    • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?