According to a new report published by KD Market Insights, titled, “Activated Carbon Market Insights, Trends, Opportunity & Forecast, 2021–2026,” the global activated carbon market size is anticipated to witness single digit growth during forecast period i.e. 2020-2025.
Growing utilization of activated carbon in various industrial applications is expected to propel the growth of the market. Moreover, increasing number of stringent government regulations to control mercury emissions is also a key factor contributing toward the growth of the global activated carbon market.
The Asia-Pacific region is expected to be the fastest-growing market for activated carbon, in terms of value and volume. Factors such as the presence of strong industrial base, the growing shift of production facilities to the emerging economies of the region and the increasing number of investments by companies, especially in the automotive sector are some of the prime factors contributing to the growth of the activated carbon market in the region.
Competitive Landscape
– Jacobi Carbon Groups
– Indo German Carbons Limited
– Carbon Activated Corporation
– Raj Carbon
– Cabot Corporation
– Calgon Carbon Corporation
– Kuraray Co. Ltd
– Donau Carbon GmbH
– Kureha Corporation
– Haycarb PLC
– Other Major & Niche Players
According to form, the powdered activated carbon segment was the fastest growing form of activated carbon in the last years and is anticipated to continue to grow at the fastest growth rate during the forecast period. According to application, the gas phase application is expected to grow at the highest CAGR over the forecast period.
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The global activated carbon market is segmented into form, application and region. Based on form, the market is bifurcated into powdered activated carbon, granular activated carbon and others. Based on application, it is classified into liquid phase application and gas phase application. Liquid phase application segment is further categorized into water treatment, food & beverage processing, pharmaceutical and medical, mining and others. Water treatment sub-segment is further categorized into drinking water treatment, wastewater & sewage treatment, ground-water treatment and others. Based on gas phase application, it is classified into industrial, motor vehicles and others. The industrial segment is further categorized into industrial gas treatment system, HVAC and others.
The global activated carbon market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Activated Carbon Market
- On the basis of form, the powdered activated carbon segment is predicted to grow at the fastest rate during the forecast years.
- On the basis of application, the gas phase application segment is expected to witness growth at the highest CAGR during the period of forecast.
- On the basis of region, Asia Pacific is expected to be the fastest-growing market for activated carbon, in terms of value and volume.
Some of the major activated carbon companies profiled in the report include Jacobi Carbon Groups, Indo German Carbons Limited, Carbon Activated Corporation, Raj Carbon, Cabot Corporation, Calgon Carbon Corporation, Kuraray Co. Ltd, Donau Carbon GmbH, Kureha Corporation and Haycarb PLC.
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