Activated Carbon Market
Activated Carbon Market Overview:
Activated Carbon Market is expected to reach USD 5.1 Billion at the end of the forecasted period and is expected to grow at CAGR of more than 12% from 2018 to 2023.
Activated carbon Market is increasing with the impulsive pace; mainly due to the growing water treatment industry. According to a recent study report published by the Market Research Future, The global market of Activated carbon is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).
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Activated Carbon Market Application:
Activated carbon are high value added and low production volume chemicals and can also be termed as performance chemicals. It is high added value products used as catalysts, intermediates, components, protectants it is utilized in a wide variety of applications. Activated carbon are used in paints, detergents, foods, plastics, cosmetics, construction, pulp and paper, pharmaceuticals, electronics, agriculture and for producing petroleum products.
Activated carbon are high value added and low production volume chemicals and can also be termed as performance chemicals. It is high added value products used as catalysts, intermediates, components, protectants it is utilized in a wide variety of applications.
Activated Carbon Market has seen a remarkable growth over the past few years and it has been expected that the global market will keep on growing during the forecast period. Activated Carbon are majorly used in the Industrial, Medical, water treatment, food & beverage, automotive and others. The growing applications are resulting in the increasing demand for Activated Carbon across the globe. The major factors behind the growth of global Activated Carbon market are rapid industrialization in APAC particularly in China, India, Japan and Indonesia. As per analysis, APAC is expected to account the highest growth during the forecast period due to the huge demand from the application industries. . Due to the stricter environmental regulations and policies is fuelling many industries to use activated carbon systems to remove hazardous gases which are over the permissible limits.
Activated Carbon Market Highlights:
Over the past few years, the global market has seen a substantial growth due to increasing demand of Activated Carbon. This has resulted into a higher growth rate at the end of forecasted period. As per the market analysis, different factors have created boom in the global activated carbon market are rising application segment, rapid industrialization in Asia-Pacific, increasing government subsidies.
Rising population defines the growth of water purification industry. Moreover growing industries such as food & beverages, pharmaceuticals, automotive and oil & gas provide momentum to the activated carbon Market growth.
Activated Carbon Market Key Players:
Activated carbon market report include Jacobi Carbons, ADA-ES, Siemens Water Technologies, Haycarb, Kureha Corporation, Calgon Carbon Corporation, Carbon Resources LLC, Albemarle Corporation, CECA SA, Clarimex Group and others.
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Activated Carbon Market Regional Analysis:
Activated Carbon Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest share of the global activated carbon market; the regional market is expected to register the fastest growth during the forecast period. Rapid industrialization in emerging economies such as China and India are likely to result in the rising demand for activated carbon.
North America and Europe are also major markets for activated carbon owing to the high demand from end-use industries such as food & beverage, chemicals, pharmaceuticals, and cosmetics and personal care. Stringent regulations for industrial and automotive emissions are positively impacting the product market.
Activated Carbon Market Competitive Analysis:
Activated carbon market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the activated carbon market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for activated carbon materials in oil & gas and water treatment industries will influence the end user products from these industries. Activated carbon market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions. Asia Pacific is expected to grow with higher CAGR in the forecast period.
Activated Carbon Market Segmentation:
Activated Carbon Market has been segmented by form, application, and region.
Based on form, the global activated carbon market has been segmented into granular, powdered, pelletized, beads, and others.
Based on application, the global activated carbon market has been segmented into water purification, air purification, food & beverage, pharmaceuticals, cosmetics and personal care, mining, chemical purification, soil remediation, and others.
Activated Carbon Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Activated Carbon Market Table of Content to be Continue….,
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