Activated Carbon Market Size, Trends & Forecast to 2025

The worldwide activated carbon industry was valued at $ 4.12 billion in 2020 and is expected to reach $ 8.5 billion by 2025, with a compound annual rate of 9.2% from 2020 to 2025. Activated carbon is a carbonaceous material with a structure of highly developed porous and a large interior surface. It is mainly composed of carbon (approximately 85-90%) and other elements, depending on the raw materials employed and the processing method. The product is employed to remove gases and toxic elements from the effluents of industrial wastes, combustion gases, natural gas and others due to its porous structure and its ability to absorb various liquid and gas materials. Escalated pollution and escalating health awareness are factors due to which there has been a gradual expansion of activated carbon on the industry.

Market drivers and restraints:

Strict environmental regulations regarding the removal of mercury from emissions from power plants, natural gas production units and other anthropogenic sources are expected to fuel call for activated carbon in the coming years. The escalating use of activated carbon for water treatment in industrial and drinking water applications is expected to drive expansion in the worldwide activated carbon industry during the foreseen period. Activated carbon is an excellent adsorbent and has a high specific surface area, which is best suited to control mercury emissions, escalating product call in emission control applications. Environmental regulations aimed at reducing mercury emissions from anthropogenic sources are expected to be the main factor driving expansion in the activated worldwide industry. Activated carbon is one of the main adsorbents in the worldwide adsorbent industry. The growing adoption of activated carbon in various industrial sectors is expected to boost the worldwide activated carbon industry in the coming years. Owing to the great physical and functional features of activated carbon, call for activated carbon is probable to escalate at a quick pace throughout the foreseen period.

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Report segmented as:

By products:

· Powdered

· Granular

· polymer coated

· extruded

· impregnated

· bead activated carbons

By application:

· liquid phase application

· gas phase application

Geographical analysis:

The Asia-Pacific region is the quickest developing activated carbon industry, on the basis of worth and mass. Increase in business investment, especially in the automotive sector, escalating the relocation of production facilities to the emerging economies of the region. The strong industrial base are the main factors that contribute to the expansion of the activated carbon industry in this region. The industry in Latin America is expected to experience substantial expansion during the foreseen period. This is primarily attributed to the escalated consumption of activated carbon in water purification and air purification applications. The North American industry represented the second largest share of the world industry. Escalating pressure from the EPA and the United States government on businesses to reduce mercury emissions is likely to spur call for activated carbon in the region.

Important market players:

The prominent players in the global activated carbon market areCabot Corporation (US), Osaka Gas Chemicals Co., Ltd (Japan), Kuraray Co., Ltd (Japan), Haycarb (Pvt) Ltd (Sri Lanka), Kureha Corporation (Japan), Donau Carbon GmbH (Germany), DESOTEC Activated Carbon (Belgium), Oxbow Activated Carbon (US), Silcarbon Aktivkohle GmbH (Germany), Prominent Systems, Inc. (US), and Lenntech BV (the Netherlands), among others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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