The global activated carbon market size was US$ 3.2 billion in 2021. The global activated carbon market size is estimated to reach US$ 5.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17182
Activated carbon is processed with low and small-volume pores to enhance the surface location for adsorption and chemical reactions. It is created by processing organic materials with high carbon content. Physical adsorption is a main characteristic of activated carbon, which is decaffeination, filters, useful for purification, medicine, metal refining, removal of pollutants, and fuel storage. The gaseous and liquid stages of activated carbon expand their usage in the extraction of dissolved radon, lead, mercury, and other odor-causing compounds.
Factors Influencing Market Growth
• The advancement in drinking water treatments, increase in automobile ownership rates, and rise in manufacturing and environmental standards drive the overall market growth.
• The rise in actions of the government regarding industrialization and subsidies propels the overall market growth.
• The need for mercury control technology for industrial air purification applications propels the overall market growth.
• Geographic development and new product development are the factors expected to drive the overall market growth.
Effect of the COVID-19 Pandemic
COVID-19 had a severe impact on the growth of the overall market. The implementation of the lockdown affected the industrial sector. With production halted, the need for raw materials and investment chances noticed a drop from various sectors such as oil & gas, water treatment, automotive, and others, thus marginally hindering the overall market growth.
Regional Insights
Asia-Pacific had the highest market share in 2020 and is anticipated to increase at the highest CAGR, in terms of value and volume. Developing countries, such as India, China, and others, create a very huge demand for activated carbon, due to a rise in demand for the automotive industry. Thus, driving the overall market growth in the region.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17182
Leading Competitors
The prominent players in the global activated carbon market are:
• Carbon Resources LLC
• Carbo Tech AC
• Calgon Carbon Corporation
• Kureha Corporation
• Siemens Water Technologies
• Jacobi Carbons
• Cabot Corporation
• Carbon Activated
• CLARINEX Group
• ADA-ES
• Others
Segmentation Analysis
The global activated carbon market segmentation focuses on Product Type, Application, End-Use Industry, and Region.
Segmentation on the basis of Product Type
• Granular Activated Carbon
• Powdered Activated Carbon
• Others
Segmentation on the basis of Application
• Gaseous Phase
• Liquid Phase
Segmentation on the basis of End-Use Industry
• Automotive
• Air purification
• Water Treatment
• Food & Beverage
• Pharmaceutical & Medical
• Others
Browse Premium Research Report with Tables and Figures at :-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17182
Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17182
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/