U.S (New York)–The Report Ocean has recently published a new report titled “Activated Carbon Market” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
World activated carbon market would reach 2,776 kilo tons and $5,129 million corresponding revenues by 2022, growing at a CAGR of 6.83% and 9.32%, respectively from 2016 to 2022. Activated carbon is processed carbon with small, low-volume pores to increase surface area for chemical reactions and adsorption. Organic material with high carbon content is processed to manufacture activated carbon. Physical adsorption is main property of activated carbon which is useful for purification, decaffeination, metal finishing, medicine, filters and removal of pollutant, fuel storage many more. Liquid and gaseous phase of activated carbon enhances its uses in removal of lead, dissolved radon, other odor-causing compounds and mercury. The benefits offered by the activated carbon sector will drive the sector worldwide. Besides this, activated coal industry shows exponential growth in North America and Europe.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The serious health risks by drinking impure waters are rising constantly among consumers. Enhanced drinking water treatments, growing automobile ownership rates and increasing manufacturing and environmental standards are supporting growth of activated carbon industry. Various countries including China and India among others are heavily investing in water purification plants which is expected to raise the demand for activated carbon. Increase in growth of government subsidies and industrialization is also driving activated carbon sector. Moreover, growing demand in mercury control technology for industrial air purification applications is also one the major driver for the market. Companies are adopting geographic expansion and new product development as the major key strategies to sustain in the market.
Increasing need of water treatment plants due to water scarcity and pollutions is major driver of this market. Furthermore, strict environment regulations to control carbon and pollutants emission are increasing demand for activated carbon applications in of mercury removal plants. Activated carbon sector is increasing with increase in industrialisation and urbanization. Government is focusing to keep environment healthy in terms of safe water and air for living beings; moreover providing subsidies to industries such as power generation industry to control pollution. High concerns about health issues by consuming contaminated water and air, by people, has increased the applications of activated carbon in purification, health & beverage processing, pharmaceutical & medical, automotive and many more. High price of raw material is restricting growth of market. Moreover, high pollution level, high per capita income, new product developments and launches is creating opportunity to boost growth of activated carbon industry in upcoming years.
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The market can be segmented on the basis of product type, geography, application, end use. On the basis of product type, the market can be divided as powdered activated carbon, granular activated carbon and others. Classification by application is done as liquid phase and gaseous phase. Industrial air purification, mercury removal standards are contributing constantly in demand for powdered activated carbon market. Segmentation by end-use includes water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification and others. By geography, market can be classified as North America, Europe, Asia-Pacific and LAMEA. Further, North America is bifurcated into the U.S., Mexico and Canada whereas Europe have been segmented into U.K., Russia, Germany, Italy, France and rest of Europe. The countries covered under Asia-Pacific are China, India, Japan, South Korea, Taiwan and rest of Asia-Pacific. LAMEA includes Latin America, Middle East and Africa.
Top Winning Strategies adopted by players in Activated Carbon Market
Activated Carbon Market Research Report, Size & Industry Analysis
Key players largely adopt expansion as their key growth strategy. Almost 45% of the strategies that are adopted by key players of this market are business expansion. Agreements & partnerships, acquisitions & mergers, product launch and joint venture are other prominent strategies adopted by key players in order to remain competitive in the activated carbon market. These strategies have accounted for 18%, 18%, 14% and 5% of the overall key strategies, respectively.
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ACTIVATED CARBON MARKET KEY BENEFITS
This activated charcoal industry report provides an extensive analysis of the current trends. Moreover, the emerging market trends and dynamics in the world activated coal market.
In-depth activated carbon market report is prepared by constructing market estimations for the key market segments between 2014 and 2022
Comprehensive analysis of factors that drive the growth of the industry is provided. Factors restraining the progress of the activated carbon market size are thoroughly discussed during the research
The activated carbon market research report entails the detailed quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities
Exhaustive analysis of the world market by type helps in understanding the types of activated carbon that are currently being used along with the variants that would gain prominence in the future
Competitive intelligence (of leading manufacturers and distributors of activated carbon) helps in understanding the competitive scenario in the activated carbon industry across the geographies
ACTIVATED CARBON MARKET KEY MARKET SEGMENTS
The market is segmented on the basis of product type, end use, application and geography.
Market by Product Type
Powdered
Granular
Others
Market by End Use
Water Treatment
Food & Beverage Processing
Pharmaceutical & Medical
Automotive
Air purification
Others
Market by Application
Liquid phase
Gaseous phase
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Market by Geography
North America
U.S.
Mexico
Canada
Europe
U.K.
Russia
Germany
Italy
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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