Activated Carbon Market: Comprehensive Growth with Significant CAGR Anticipated for 2024-2031 | Boyce Carbon, Cabot Corporation, Carbon Activated Corporation.

Activated Carbon Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Activated Carbon market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Activated Carbon market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Activated Carbon Market reached US$ 3.7 billion in 2023 and is expected to reach US$ 5.0 billion by 2031, growing with a CAGR of 3.8% during the forecast period 2024-2031.

What is Activated Carbon Market?

The Activated Carbon market involves the production and application of carbon-based materials designed to adsorb impurities and contaminants from air, water, and various industrial processes. Key applications include water treatment, air purification, food and beverage processing, and medical uses. Market growth is driven by increasing environmental regulations, rising demand for clean water and air, and advancements in activated carbon production technologies. Additionally, the expanding applications in industries such as automotive, pharmaceuticals, and electronics contribute to the overall demand for activated carbon products globally.

Growth Driver

Increasing Demand for Air Purification

The surge in demand for air filtration devices is significantly boosting the activated carbon industry. As people become more health-conscious and increasingly aware of the harmful effects of air pollution, they are actively seeking ways to improve indoor air quality. Activated carbon plays a crucial role in air purification systems, effectively capturing pollutants and toxins to create a healthier living environment.

Key Players:

Profiles of some of the major players in the global Activated Carbon market, which include Boyce Carbon, Cabot Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CarbPure Technologies, Donau Chemie AG, Evoqua Water Technologies LLC, Jacobi Carbons Group, Kuraray Co. and Kureha Corporation.

Industry Development:

In March 2022, Cabot Corporation announced the sale of its activated carbon business, Norit Activated Carbon, to One Equity Partners. Following this divestiture, Norit Activated Carbon transitioned into an independent company, providing a diverse range of activated carbon products from its ten manufacturing facilities across seven countries.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Activated Carbon market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Powdered Activated Carbon, Granular Activated Carbon, Others.

By Raw Material: Coal, Saw Dust, Coconut Shell, Others.

By Type: Powdered Activated Carbon, Granular Activated Carbon, Others.

By End User: Water Treatment, Pharmaceutical, Automotive, Personal Care, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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