Skip to main content

Global Activated Carbon Market- Covid-19 Impact, Growth, Competition Tracking, Demand and Industry Analysis, 2020-2030

 Activated Carbon Market: Introduction

In terms of value, the global activated carbon market is anticipated to expand at a CAGR of ~8% from 2020 to 2030 and reach US$ 7.3 Bn by 2030. Asia Pacific dominated the global activated carbon market in terms of volume in 2019. It is estimated to be the leading region of the global activated carbon market during the forecast period. The water treatment industry is projected to offer lucrative opportunities for the activated carbon market in the near future. 

Activated Carbon Market: Major Drivers and Restraints

The rise in usage of activated carbon in the water & wastewater treatment application is expected to drive the global activated carbon market during the forecast period. In the water filtration process, activated carbon is used to remove volatile organic compounds and chlorine from drinking water. It also helps remove lead, dissolved carbon, and contaminants. Governments across the world are spreading awareness about the health risks associated with drinking impure water. Countries such as India and China are investing significantly in water filtration plants. This is estimated to propel the activated carbon market during the forecast period.

Request PDF brochure

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=114

According to the World Health Organization (WHO), around 4.2 million people across the world die of air pollution every year. About 91% of population in the world lives in places where quality of air is not good for health. This increases the need for purified air. In turn, this is projected to drive the activated carbon market. Several players have taken strategic initiatives, such as acquisition, in order to expand their activated carbon business, owing to high demand for activated carbon in various industrial applications. This is also likely to boost the activated carbon market during the forecast period. For instance, in October 2018, Cabot Corporation announced that it had acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China was originally commissioned in 2015. The 50,000 metric ton plant is estimated to support Cabot Corporation’s specialty carbons product line in the Purification Solutions segment.

More Trending Reports

https://www.prnewswire.com/news-releases/growth-in-oil-and-gas-activities-generates-promising-demand-opportunities-in-monochloroacetic-acid-market-301237277.html

Activated carbon is used in a wide range of applications, including water treatment and air purification. There is a shortage of raw materials, such as coconut shell charcoal, which are used for the production of activated carbon. Furthermore, ongoing trade conflicts have created a challenging business landscape. Thus, the prices of the raw materials has increased significantly over the last few years. Therefore, scarcity of raw material is expected to restrain the global activated carbon market during the forecast period.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=114&ltype=S

Activated Carbon Market: Prominent Segments

In terms of value, the coal based segment held a major share of the global activated carbon market in 2019. This trend is anticipated to continue during the forecast period, due to its relatively low cost filter media. Based on form, the powdered segment accounted for a significant share of the global activated carbon market in 2019. In terms of application, the water & wastewater treatment segment constituted a large share of more than 30% of the global activated carbon market in 2019. This trend is estimated to continue during the forecast period. On the other hand, the air purification segment is projected to expand at a rapid pace during the forecast period.

Request Discount

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=114

Competition Landscape

Major global manufacturers of activated carbon include Cabot Corporation, KURARAY CO., LTD, Osaka Gas Chemicals Co., Ltd., HAYCARB (PVT) LTD, and KUREHA CORPORATION.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more