Skip to main content

Sales Revenue of Activated Carbon to Soar in the Near Future Owing to Growing Consumer Adoption


 The global activated carbon market forecast will be $9,486.5 million by 2026, at a CAGR of 9.5%, increasing from $4,573.1 million in 2018, according to new study conducted by Research Dive. 

Increasing demand for water purification processes and growing necessity of these products in the mercury removal plants are the key drivers for the growth of the activated carbon market. In addition, activated carbon products are widely utilized in sewage treatment to remove dissolved particulate impurities in the waste generated from the production industries. Also, these materials remove organic impurities such as chlorine, isomeric colorants and other impurities. The abovementioned factors are projected to fuel the market growth in the coming years. 

Furthermore, constantly increasing technical developments to enhance product performance coupled with rising number of novel advanced activated carbon products and their derivatives by most of the manufacturers are producing significant investment prospects in the activated carbon market. 

Download an Exclusive PDF Sample Copy@ https://www.researchdive.com/download-sample/176

However, fluctuating price of raw materials is a major restraint for the activated carbon market growth. This is due to unobtainability of natural resources, which is impacting the production cost of the activated carbon products. This factor is estimated to limit the growth of the market.

Powdered type segment holds the major revenue in the global activated carbon market and is anticipated to continue its dominance with a CAGR of 10.2% throughout the estimated period. The dominance over global market by type segment is owing to wide utilization of powdered activated carbon materials in the end use industries due to properties like high pore volume, lower processing costs and flexibility in operation. Granular type segment registered the second position in global market in 2018 and is anticipated to account for $4,003.5 million in 2026. This expected growth is because of increasing use of granular activated carbon in air treatment, personal protective equipment, manufacturing water treatment process and metals recovery.

Liquid phase application segment held a considerable global market share and is projected to generate a revenue of $5,483.0 million by the end of 2026. This growth is significantly accredited to increasing usage of activated carbon in the food-grade application, chemical purification and ground water remediation. Along with liquid phase, gas phase application segment will witness a noteworthy growth and is projected to rise at a healthy CAGR of 9.8% throughout the forecast time. Growth in the requirement of activated carbons from the mercury removal plants for gas filtration, odor control in the chemical plants and solvent recovery in the pharmaceutical plants is projected to boost the market growth in the forecast time.

Water treatment industry segment holds significant activated carbon market size, it generated a revenue of $1,851.9 million in the year 2018 and is predicted to continue its command over the global market throughout the projected time. This growth is significantly due to the rising water insufficiency across the globe which is directly impacting the activated carbon materials use in the water treatment processes. Air pollution industry accounted for the second highest market size in 2018 and is projected to generate a revenue of $2,653.8 million till 2026. Growing environmental concerns on air pollution along with government initiatives to minimize the pollutants in the air is projected to drive the market size in the forecast time.

Asia-Pacific accounted for second position in the global market; it was valued over $1,303.7 million in 2018 and is anticipated to continue its growth in the forecast period. The growth in Asia-Pacific market is significantly due to increasing use of activated carbon substances in the various sectors such as pharmaceutical, food & beverages and water treatment industries. Furthermore, rising shortage of drinking water due to increasing population in the countries like India and China is directly impacting the utilization of activated carbon materials; this aspect is anticipated to impel the growth of the market in Asia-Pacific. The activated carbon market for North America held the global market in 2018, which was over 44.3% and is anticipated to continue its trend in the projected time. The dominance over the global market is because of rapid growth in the water treatment activities due to stringent regulation by governments to control environmental effects in North America.

Checkout how COVID-19 Impact on Active Carbon Market. Speak out to our Expert Analyst@ https://www.researchdive.com/connect-to-analyst/176

The significant activated carbon market players include

  1. Silcarbon Aktivkohle GmbH
  2. Oxbow Activated Carbon LLC
  3. Calgon Carbon Corporation
  4. Kuraray Co. Ltd
  5. Jacobi Carbons AB
  6. Cabot Corporation
  7. Osaka Gas Chemical Co. Ltd.
  8. Evoqua Water Technologies LLC
  9. Carbon Activated Corp.
  10. Carbon Resources LLC
  11. Siemens Water Technologies Corp.
  12. Carbo Tech AC GmbH, among others.

These significant participants are highlighting on new technology introduction, joint ventures, product developments, and acquisitions to strengthen their market share in the global activated carbon industry. These are the most common strategies followed by most of the participants to fortify competitive edge.

Labels:

Comments

Post a Comment

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more

Intraoperative Neuromonitoring Market Revenue to Record Stellar Growth Rate

  According to  Intraoperative Neuromonitoring Market   Analysis by Research Dive, the global market forecast will be   $3,413.0 million   by the end of 2026 , at a   4.5% CAGR , growing from   $2,400.0 million in the end of 2018 . Intraoperative Neuromonitoring Market Drivers: Growing aged populace globally, along with increasing occurrence of chronic illnesses, are the major driving aspects for the intraoperative neuromonitoring market growth. Furthermore, intraoperative monitoring is an important process that assists in risk management throughout complex surgeries. This factor is projected to propel the market size in the coming years. Furthermore, rising trend of medical tourism along with growing investments for healthcare infrastructure in developing economies are projected to create significant revenue generating opportunities in the global market. Nevertheless, shortage of trained workforce for the control and maintenance of intraoperative neur...
Post a Comment
Read more