Activated Carbon Market Overview:
The escalated pollution levels have increased the use of activated carbon significantly in a range of products. Reports that assess the advanced materials industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. The market is anticipated to be motivated with a CAGR of 8.14 % to achieve revenues worth USD 7,032.5 Million by the conclusion of the forecast period.
The application of activated carbon to remove toxic gases and elements from industrial waste effluents, natural gas, and flue gas is anticipated to enhance the market share of the activated carbon market. The revision in the environmental regulations is anticipated to stimulate the market for activated carbon. Moreover, the rising use of activated carbon in water treatment for industrial and drinking water applications is expected to create favorable growth opportunities.
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Activated Carbon Market Competitive Analysis:
The surge in the market is credited to the presence of favorable market forces are expected to complement the development of the market. The positive reinforcement of the forces of demand and supply is expected to lift the market growth in the coming years. The synergies achieved in the manufacturing of the goods in the market are enhanced, leading to better growth prospects. The availability of productive resources is expected to further the progress of the market in the forecast period. The increased transaction level in the market is expected to spur an accelerated level of growth in the market. The conception of prodigious competitive advantages is likely to support the progress of the market. A considerable ascension in the number of promoters in the market is estimated to form a beneficial outlook for market growth in the projected period. The relaxation of the barriers to the entry of new players in the market is expected to encourage the expansion of the market in the impending years.
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), and CPL Carbon Link (UK).
Activated Carbon Market Regional Analysis:
The Asia Pacific region holds the major share in the activated carbon market due to the growing demand from end-use industries such as electrical & electronics and others. Also, the rapid industrialization in emerging economies such as China, Japan, and India, provides impetus to the market growth in the region. The growing consumption of activated carbon in the region will encourage the manufacturers and investors to shift their production base to these countries during the forecast period.
The activated carbon market in the North American region accounts for the next lucrative market, globally. The significant market growth attributes to the high demand from end-use industries such as food & beverage, chemicals, pharmaceuticals, and cosmetics & personal care. It is projected that the sub-segment granular is set to grow at a higher CAGR due to its superior conductive features such as UV protection, excellent abrasion resistance, and others.
The European region is set to observe a significant growth in the activated carbon market due to increased demand fuelled 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.
Activated Carbon Market Table Of Contents to be Continue….,
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