A recent study by Triton Market Research titled 'Global Activated Carbon Market' entails the Global Analysis and Forecasts by Raw Material (Coconut Shell, Wood, Coal, Others), Application (Water Treatment, Air Purification, Food and Beverage, Mining, Automotive, Pharmaceutical and Medical, Others), Type (Pellet, Granular, Powdered, Others), and Geography (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America).
Activate carbon is a processed form of porous carbon, produced out of organic elements having elevated carbon content such as coconut shells, coal, and wood. The activated carbon might be in the form of a granular, pellet, or powered, based on the application.
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Triton's research report infers that the global activated carbon market is probable to develop at a CAGR of 7.75% in revenue, and 6.75% in volume, during the estimated years 2019-2028. It is further likely to attain revenue worth $7278.62 million by 2028.
The rising demand for activated carbon from the water purification sector and its application in mercury pollution control are factors motivating the activated carbon market's growth worldwide. The activated carbon plays a major role in the process of water purification, eradicating contaminants such as toxicity, non-biodegradable organic compounds, and others. Hence, the growing need for water purification significantly impacts the demand for activated carbon across the globe. However, fluctuations in raw material prices and the need for cost management, are factors that significantly weigh down the activated market's progress during the anticipated period.
The market for activated carbon is broadly divided into raw material, application, and type. Based on raw material, it is sectioned into coconut shell, wood, coal, and others. In terms of application, the market is subdivided into water treatment, air purification, food and beverage, mining, automotive, pharmaceutical and medical, and others. Lastly, as per type, it is branched into pellet, granular, powdered, and others.
Geographically, Asia-Pacific is leading the activated carbon market. The region is further expected to witness tremendous growth during the estimated years of 2019-2028, owing to the rising demand for activated carbon from the water treatment sector. Additionally, the rapid industrialization in countries such as China and India has surged the use of activated carbon for air purification and mercury control, contributing to the studied market's progress. The presence of low-cost vendors is another factor that is anticipated to enhance the demand for activated carbon, thereby fueling the growth of the activated carbon market in the APAC region.
Veolia Water Technologies, Evoqua Water Technologies LLC, Puragen Activated Carbons, Kureha Corporation, Osaka Gas Co Ltd, Jacobi Carbons AB, Advanced Emissions Solutions Inc, Albemarle Corporation, CarboTech AC GmbH, Cabot Corporation, Kuraray Co Ltd, Calgon Carbon Corporation, Haycarb Plc, and Boyce Carbon are major competitors in this market.
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Question & Answer: Activated Carbon Market
Question 1: What major factors are motivating the growth of the activated carbon market worldwide?
Answer: The rising demand for activated carbon from the water purification sector and its application in mercury pollution control are factors motivating the activated carbon market's growth worldwide.
The activated carbon plays a major role in the process of water purification, eradicating contaminants such as toxicity, non-biodegradable organic compounds, and others. Hence, the growing need for water purification significantly impacts the demand for activated carbon across the globe
Question 2: What factors significant weigh down the activated carbon market’s progress?
Answer: Factors such as fluctuations in raw material prices and the need for cost management, are factors that significantly weigh down the activated market's progress.
Question 3: Which region is the leading in the activated carbon market?
Answer: Geographically, Asia-Pacific is leading the activated carbon market. The region is further expected to witness tremendous growth during the estimated years of 2019-2028, owing to the rising demand for activated carbon from the water treatment sector. Additionally, the rapid industrialization in countries such as China and India has surged the use of activated carbon for air purification and mercury control, contributing to the studied market's progress. The presence of low-cost vendors is another factor that is anticipated to enhance the demand for activated carbon, thereby fueling the growth of the activated carbon market in the APAC region.
Question 4: Which are the major competitors in the activated carbon market?
Answer: Veolia Water Technologies, Evoqua Water Technologies LLC, Puragen Activated Carbons, Kureha Corporation, Osaka Gas Co Ltd, Jacobi Carbons AB, Advanced Emissions Solutions Inc, Albemarle Corporation, CarboTech AC GmbH, Cabot Corporation, Kuraray Co Ltd, Calgon Carbon Corporation, Haycarb Plc, and Boyce Carbon are major competitors in this market.
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The global carbon black market is predicted to progress at a CAGR of 3.36% during the estimated period of 2019-2028, while gathering $16.11 billion in revenue by 2028.
Carbon black is primarily used in the production of tires and other general rubber goods, with its final consumption being largely reliant on automotive production and sale. In recent times, there has been tremendous growth in automotive sales, mainly driven by economic growth and disposable income. The rise in automotive manufacturing, along with advancement in domestic tire production, is expected to enhance the carbon black market over the projected period.
The elevated demand for carbon black in the construction industry, surge in tire production, and growth in demand for plastics are major factors driving the carbon black market’s growth globally. Additionally, the rising demand for UV protection in plastics is opening multiple avenues for the studied market.
However, factors such as rising demand for silica and growing environmental conditions associated with carbon black, are hampering the carbon black market’s development during the same period.
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