The Activated Carbon Market Is Projected To Grow From Us$ 4,350.6 Million In 2021 To Us$ 8,264.0 Million By 2028; It Is Expected To Register A Cagr Of

By Author: Stephan Burnett
Total Articles: 15
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Activated carbon is produced from materials, such as coal, sawdust, hardwood chips, wood charcoal, and grass ash. Coal is the major raw material used to form activated carbon and produces ~50% of the activated carbon in the world. The growing demand for activated carbon from various applications, such as water treatment, air & gas purification, and automotive, drives its market growth.

In 2020, Asia Pacific held the largest revenue share of the global market. The major factor for the growth of the activated carbon market in the region is the growing demand for activated carbon from the water treatment, food & beverages, and automotive industries. Activated carbon is used in several manufacturing industries, such as chemicals and pharmaceuticals, for the purification of air and harmful gases. China is a manufacturing hub and uses large volumes of activated carbon for numerous other purposes such as automotive parts manufacturing which includes activated carbon powdered cabin air filters.

Impact of COVID-19 Pandemic on Activated Carbon Market

The COVID-19 pandemic has adversely affected the growth ...
... of the market. The sudden interruptions caused by the pandemic have negatively impacted industries such as food & beverages, automotive, and chemicals in operational efficiencies and disruptions in the value chains. The decline in the growth of several industrial sectors has a negative impact on the demand for activated carbon in the global market. The pandemic caused fluctuations in raw material prices of activated carbon. It also led to disruptions in consumer markets in various countries. However, the demand for activated carbon is expected to rise globally as various economies revive their operations.

Market Insights

The rise in Demand from Various End-Use Industries
Activated carbon is used in various industries, including water treatment, food & beverages, pharmaceutical, and automotive. Activated carbon is highly used in the treatment of municipal and industrial water, decolorization and purification of sweeteners in the food & beverages industry, and removal of impurities from active pharmaceutical ingredients (API) solutions in the pharmaceutical industry. There is also a high demand for activated carbon in the automotive industry to manufacture canisters. Further, activated carbon is one of the most prominently used materials in various wastewater treatment facilities. Moreover, the material can be obtained from bioresources and can be inexpensive as compared to other technologies. The usage of powdered activated carbon proves to be one of the most suitable for the purification of wastewater as the impurities in the water can be detached with help of simple filtration processes. In developing economics where wastewater treatment may need to be carried out at low costs, activated carbon filtration methods present to be the most attractive alternatives.

Application Insights

Based on application, the global market is segmented into water treatment, food & beverages, pharmaceuticals, automotive, and others. The water treatment segment held the largest share in the global market in 2020. Activated carbon is used to remove impurities from industrial water and recover ingredients from waste. There is a high demand for activated carbon in the water treatment industry. Many manufacturing industries focus on the treatment of wastewater generated from several industries to reuse the water for the production process, which further contributes to

market growth

A few of the key market players in the global market include Osaka Gas Chemical Co. Ltd; KURARAY CO., LTD.; HAYCARB (PVT) LTD.; Cabot Corporation; KUREHA CORPORATION; Activated Carbon Technologies Pty Ltd; Albemarle Corporation; CPL Activated Carbons; JACOBI CARBONS GROUP; Calgon Carbon Corporation; and James Cumming & Sons Pty Ltd. Players operating in the market are highly focused toward the development of high-quality and innovative product offerings to fulfill the customer’s requirements.
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