Isle Of Man, Sept. 01, 2022 (GLOBE NEWSWIRE) -- In order to further assist survey research, analysts, industry experts, and enterprises in identifying market trends, drivers of development, limits, barriers, and projections, Douglas Insights has enhanced its comparison engine to include Activated Carbon Market research studies. As the first ever report-comparison engine, Douglas Insights has revolutionized the market research industry. The digital instrument provides researchers with access to the largest number of market reports, both private and public, and allows them to compare these reports by Publication Quality, Table of Contents, Date of Publication, and Price.
The worldwide activated carbon market is projected to grow in the upcoming years. Constant public awareness campaigns highlight the dangers of drinking contaminated water are driving the problem. The rising industrial and environmental requirements, rising rates of vehicle ownership, and rising quality of drinking water all contribute to the expansion of the activated carbon industry.
Market Report Scope-
| Report Metrics | Details |
| Market size available for years | 2016 – 2029 |
| Market Value in 2021 | USD XX Million |
| CAGR | ~9 % |
| Forecast units | USD Bn |
| Base Year | 2021 |
| Past data | 2016 – 2021 |
| Forecast period | 2022 – 2029 |
| Regions covered | Germany, UK, France, Italy, Spain, Russia, U.S., Canada, Mexico, Brazil, Argentina, China, Japan, India, South Korea, Israel, GCC countries, South Africa, Turkey, etc. |
| Companies covered | ADA-ES, Jacobi Carbons, Siemens, Kureha Company, Calgon Carbon Company, Carbo Technology, Carbon Resources, CLARINEX |
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The market for activated carbon rises as more countries, such as China and India, build and operate water purification facilities. The government's increasing support for subsidization and industrialisation has been a major factor in the expansion of the activated carbon business. The expansion of the market is being fueled by rising mercury control technology demand in industrial air purification settings. Expanding the activated carbon market into new geographies and creating innovative new products are both ways to speed up the industry's growth.
Because of the shutdown caused by the COVID-19 epidemic, business in the industrial sector suffered. The worldwide activated carbon market was affected as a result of the shutdown in production, which has led to a decrease in raw material demand and subsequent investment possibilities from various sectors like water purification, oil & gas, automotive, and others.
Due to rising demand for pollutant removal machines at coal as well as other industrial facilities in response to stringent environmental regulations pertaining to pollutant emissions, the powder form activated charcoal segment dominated the worldwide active carbon market in 2020 and is expected to continue to do so throughout the forecast period.
The demand for activated carbon in Asia-Pacific increased significantly in 2020. In terms of volume and value, the activated Carbon market in Asia and the Pacific is projected to expand at the fastest rate of any region worldwide. Since the demand for automobiles is rising rapidly in developing nations, the need for activated carbon is also rising rapidly in these countries.
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One threat to the market's expansion is the limited availability of key inputs, like coconut shell charcoal. For this reason, many of the raw materials, especially charcoal made from coconut shells, have increased in price. As a result of rising demand for energy, the cost of goods produced using coal has risen. Coal is an essential resource in China, utilized extensively in the production of essential commodities including energy, cement, and iron and steel.
This has led to an insufficient supply of high-quality coal, which is required for production. However, manufacturers have increased production capabilities by 50 percent to 60 percent in response to the declining demand for coconuts, driving up prices. ADA-ES, Jacobi Carbons, Siemens, Kureha Company, Calgon Carbon Company, Carbo Technology, Carbon Resources, CLARINEX, are some of the top companies in this sector.
Key questions answered in this report
- COVID 19 impact analysis on global Activated Carbon industry.
- What are the current market trends and dynamics in the Activated Carbon market and valuable opportunities for emerging players?
- What is driving Activated Carbon market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the Activated Carbon market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
- Statistics on Activated Carbon and spending worldwide
- Recent trends across different regions in terms of adoption of Activated Carbon across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2031 (forecast)
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Related Market Research Report Comparisons:
Wood Activated Carbon Market - The wood-activated carbon market is expected to grow significantly in the next few years. This type of carbon is produced by burning wood at high temperatures, which creates a highly porous material that can be used to filter water and air. Additionally, wood-activated carbon can be used as an adsorbent for oil spill cleanup, and it is also being explored for use in batteries and capacitor applications.
Super Activated Carbon Market - Super activated carbon provides many advantages, such as its extraordinary capacity to absorb poisons, decreased cholesterol, enhanced kidney performance, and filtering water. This is employed in food and drinks manufacturing, removing odor, regulating industrial contamination, etc.
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